"20 October 2019" Archive

GST on Diagnostic services provided to Hospitals & other establishments

In re Matrix Imaging Solutions India Private Limited (GST AAR Karnataka)

In re Matrix Imaging Solutions India Private Limited (GST AAR Karnataka)  The diagnostic services provided by the applicant to Hospitals and other establishments are covered under entry no. 74 of the Notification No.12/2017- Central Tax (Rate) dated 28.06.2017 and hence are exempted from CGST. Similarly, the services are also exempted un...

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Export of Scientific and Technical Consultancy Service – POPS Rule 3 when applicable

M/s Dow Chemical International Pvt. Ltd. Vs C.C.G.ST.(CESTAT Mumbai)

CESTAT Mumbai has allowed refund of Cenvat credit on export of Scientific & Technical Consultancy services. Considering the pricing method, it held that Rule 3 and not Rule 4 of the Place of Provision of Services Rules, 2012 was applicable....

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CBI Files Chargesheet Against Then FM and Officials of MOF

CBI FILES CHARGESHEET AGAINST 14 ACCUSED PERSONS/COMPANIES INCLUDING PRIVATE COMPANIES & THEIR THEN DIRECTORS; THEN FINANCE MINISTER (FM) AND CERTAIN THEN OFFICIALS OF MINISTRY OF FINANCE (MOF)...

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Clarification on Section 67 and 67A of Information Technology Act, 2000

Clarification on Section 67 and 67A of Information Technology Act, 2000 (under Information Technology Act, 2000) Section 67 of Information Technology Act, 2000 (Publishing or transmitting obscene material in electronic form) Whoever, Publishes or transmits or causes to be published in the electronic form, Any material which is lascivious ...

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All about Input Tax Credit (ITC) under GST Provisions

Input Tax Credit (ITC) is the core concept of GST as GST is destination based tax. ITC avoids cascading effect of taxes and ensures that tax is collected in the State in which goods or services or both are consumed.  “Input tax credit” means credit of ‘input tax’- section 2(62) of CGST Act. Section 2(62) […]...

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GST Exemption on outward transportation of goods (freight charges) by air & sea

GST Exemption granted on outward transportation of all goods (freight charges) by air and sea by another one year i.e. up to 30th September 2020 GST Council in its 37th  GST Council  meeting held at  goa  on 20.09.2019 has decided to Extend the GST exemption granted on outward transportation of all goods (Freight Charges for Export)...

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Drafting Error in Tax Levy Provisions of GST Laws

In this article, I will like to draw attention of learned readers of this article towards certain aspects of tax levy provisions of various goods and services tax laws. Section 9 of the Central Goods and services Tax Act, 2017, with its marginal note “Levy and collection” runs as follows:– “9. (1) Subject to the [&...

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ICAI UDIN Generation Process

It has been noticed by the Institute of Chartered Accountants of India that Financial Documents / Reports / Certificates are being signed by Non-CAs misrepresenting themselves as CA Members thereby misleading the Regulators, Authorities and Stakeholders. To curb this menace and malpractices, ICAI has conceptualised and implemented an in...

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Steps to resolve the error ‘Invalid Summary Payload’ in GSTR-10

In these article we will see the resolution for the error of ‘Invalid Summary Payload’ in GSTR-10. The steps to resolved the error are: 1. What is Form GSTR-10? Ans. A taxable person whose GST registration is cancelled or surrendered has to file a return in Form GSTR-10 called as Final Return. This is statement […]...

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LPG Conversion Kits classifiable under HSN 8409 99 90

In re Sagas Autotec Pvt. Ltd. (GST AAR Karnataka)

In re Sagas Autotec Pvt. Ltd. (GST AAR Karnataka) Classification of LPG Conversion Kit for Automobiles- The LPG Conversion Kits are classifiable under HSN 8409 99 90 and the same are covered under serial no.116 of Schedule IV to. the Notification No. 01/2017 ­Central Tax (Rate) dated 28.06.2017 and hence liable to tax at 14% […]...

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