"05 April 2019" Archive

CBIC clarifies on 3% GST Rate option under notification No. 2/2019 ­CT(R)

Circular No. 97/16/2019-GST (05/04/2019)

Attention is invited to notification No. 02/2019-Central Tax (Rate) dated 07.03.2019 which prescribes rate of central tax of 3% on first supplies of goods or services or both upto an aggregate turnover of fifty lakh rupees made on or after the 1st day of April in any financial year,...

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Advisory to GST Taxpayers on Invoice Series to be used wef 1st April, 2019

Attention of all taxpayers is invited to Rule 46 (b) of the CGST Rules 2017, which specifies that the tax invoice issued by a registered person should have a consecutive serial number, not exceeding sixteen characters, in one or multiple series, containing alphabets or numerals or special characters – hyphen or dash and slash symbol...

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Know the return you made on your real estate investment

Here's how you can analyse your potential investment properties and determine the return you made on real estate investment. it's important to calculate the ROI (return on investment) to determine the profitability from such property. ...

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Jharkhand HC stays Service Tax proceedings initiated post GST introduction

Ms Sulabh International Social Service Organization Vs Union of India through the Commissioner (Jharkhand High Court)

M/s. Sulabh International Social Service Organization Vs Union of India (Jharkhand High Court) Division Bench of Jharkhand High Court igranted stay (status quo) to the proceedings initiated under Service Tax after introduction of GST by issuing notice, summons and visit of officers after taking into account one of the main contention that...

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Agricultural Seedling Trays of Plastic classifiable under CTH 39269099

In re M/s. Saro Enterprises (GST AAAR Tamilnadu)

In re M/s. Saro Enterprises (GST AAAR Tamilnadu) In the case at hand, the product, ‘Agricultural Seedling Tray’, is made up of Plastics and not of any of the base metals specified in the section notes as stated by the Appellant themselves. The contention of the Appellant is that the trays are used for germination […]...

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ITC available on passenger vehicles leased to vendors on rent

In re M/s. Narsingh Transport (AAR GST Madhya Pradesh)

In re Ms Narsingh Transport (AAR GST Madhya Pradesh) The applicant desire the advance ruling on the subject that whether the GST paid on these cars provided to their different customers on lease rent will be available to it as INPUT TAX CREDIT(ITC) in terms of Section 17(5) of Central Goods and Service Tax Act, […]...

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No GST exemption to non-clinical body on Healthcare services

In re M/s. J C Genetic India Private Limited (GST AAR Madhya Pradesh)

Applicant has failed to prove their legal status as Clinical Establishment and they are merely working as ancillary or sub-contractors to other accredited companies, and accordingly the Applicant are not entitled to avail exemption under Notification no.12/2017-CT(Rate) and corresponding notification issued under MPGST Act. We hold accord...

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GST AAR Tamilnadu allows withdrawal of application to Texmo Industries

In re M/s. Texmo Industries (GST AAR Tamilnadu)

In re M/s. Texmo Industries (GST AAR Tamilnadu) The Applicant vide their letter dated 15.02.2019 has requested withdrawal of the Advance Ruling Application filed before the authority. The application filed by the Applicant for advance ruling is dismissed as withdrawn. FULL TEXT OF ORDER OF AUTHORITY OF ADVANCE RULING, TAMILNADU Note : Any...

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Classification of plastic Seedling Trays and applicable rate of GST

Mr. Janakiraman Govindarajan Prop. of M/s. Valuemax Poly Plast

1. Agricultural Seedling Trays made of base material of Polypropylene Granules manufactured by the Applicant as Plastic are classifiable under CTH 39269099.2. The applicable tax rate is 9% CGST as per Sl. No. 111 of Schedule III of Notification No 01/2017-C.T. (Rate) dated 28.06.2017 as amended and is 9% SGST as per Sl.No. 111 of Schedule...

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Exemption U/s. 11 can be denied for Advances given to unregistered trusts in violation of Section 13

ACIT Vs Hooghly Engineering & Technology College Society (ITAT Kolkata)

Where assessee registered under section 12AA had given advances to unregistered trusts, then it could be held guilty for violation of provisions of section 13 and consequently be denied exemption under section 11, if it was established that the president of the recipient trusts was having substantial interest in such trusts....

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