In re Dipakkumar Ramjibhai Patel (GST AAR Gujarat) Whether supply of Fly Ash Bricks and Fly Ash Blocks are covered under Chapter heading 68159090 and liable to taxed @ 5% and @ 12% respectively under the GST Act? (1) The product ‘Fly Ash Bricks’ manufactured and supplied by Dipakkumar Ramjibhai Patel (M/s. Mahalaxmi Cement products) […]
In re Adarsh Plant Protect ltd. (GST AAR Gujarat) Determination of the liability to pay tax on any goods or services or both.( ‘Sprayer pumps’ (manually operated), Stoves) (1) The product ‘Sprayer pumps’ (manually operated) manufactured and supplied by M/s. Adarsh Plant Protect ltd. are classifiable under Tariff item No.84248100 of the First Schedule to […]
Remuneration paid to indepedent directors or those directors who are not the employee of the appellant is taxable in hands of the appellant on reverse charge basis. The part of the declared as salaries in the books of the appellant and subjected to TDS under Section 192 of the IT Act are not taxable.
No service tax can be demanded on construction services prior to introduction of „Works Contract Service” in June 2007 wherein there is a supply of goods and service.
The Central Board of Indirect Taxes & Customs (CBIC) vide Notification No. 57/2020-Central Tax dated June 30, 2020 has capped the Late Fee for Form GSTR 3B at maximum Rs. 500 (i.e. Rs. 250 for CGST and Rs. 250 for SGST or Max Rs. 500 for IGST ) for the tax period July 2017 to July 2020 […]
The Ministry of Micro, Small and Medium Enterprises (MSME) vide its Notification dated 26th June, 2020 has notified certain criteria for classification of an enterprises in MSME category. Under this classification, an enterprises shall be classified as Micro Enterprise, where the investment in plant and machinery or equipment does not exceed one crore rupees and […]
The GST was launched at midnight on 1 July 2017 by the President of India, and the Government of India. The launch was marked by a historic midnight (30 June – 1 July) session of both the houses of parliament convened at the Central Hall of the Parliament. We have completed three years of implementation. […]
Blocking of Input Tax Credit in Terms of new Rule 86A of the CGST Rules With Effect from 26.12.2019 Rule 86A was inserted in the Central Goods and Service Tax Rules, 2017(herein after defined as CGST Rules) which was notified through Notification (Central Tax ) No 75/2019, stating the condition to use Input Tax Credit […]
Dear Professionals Hope you all are doing well there! As already mentioned in the Tagline that you cannot afford to miss this write up if you are planning to be a Practising Professional. Many of us from a fraternity of Company Secretary are struggling today to get even a single client to begin their career […]
The gross GST revenue collected in the month of June, 2020 is Rs. 90,917 crore of which CGST is Rs. 18,980 crore, SGST is Rs. 23,970 crore, IGST is Rs. 40,302 crore (including Rs. 15,709 crore collected on import of goods) and Cess is Rs.7,665 crore (including Rs. 607 crore collected on import of goods).
