"17 June 2021" Archive

Constitutionality of section 13(8)(b) of IGST Act, 2017 | Bombay HC

Dharmendra M. Jani Vs Union of India And Others (Bombay High Court)

Dharmendra M. Jani Vs Union of India And Others (Bombay High Court) GST – Constitutionality of section 13(8)(b) of the Integrated Goods and Services Tax Act, 2017 – While as per the opinion of Justice Ujjal Bhuyan the provision of section 13(8)(b) of the Integrated Goods and Services Tax Act, 2017 related to Itermediary Servic...

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GST rate on laterals/parts of Sprinklers or Drip Irrigation System

Circular No. 155/11/2021-GST 17/06/2021

Laterals/parts to be used solely or principally with sprinklers or drip irrigation system, which are classifiable under heading 8424, would attract a GST of 12%, even if supplied separately. However, any part of general use, which gets classified in a heading other than 8424, in terms of Section Note and Chapter Notes to HSN, shall attrac...

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Twenty GST Pain Points Even After 4 Years

Goods and Services Tax (GST) was introduced in India with much fun and fare and ceremoniously on the midnight of 30th June and 1st July of 2017, almost four years  now. While it was considered to be the most important tax reform of independent India, it has misfired on various counts. India shifting from a multi indirect […]...

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No GST on guaranteeing of loans by Govt for their undertaking or PSU 

Circular No. 154/10/2021-GST 17/06/2021

It is re-iterated that guaranteeing of loans by Central or State Government for their undertaking or PSU is specifically exempt under said entry No. 34A....

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GST on milling of wheat into flour or paddy into rice for distribution by Govt

Circular No. 153/09/2021-GST 17/06/2021

whether composite supply of service by way of milling of wheat into wheat flour, alongwith fortification, by any person to a State Government for distribution of such wheat flour under Public Distribution System is eligible for exemption under entry No. 3A of Notification No. 12/2017-Central Tax (Rate) dated 28.06.2017...

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Amount forfeited by buyer cannot be taxed only actual receipt can be taxed

Amarjeet Kaur Vs ACIT (ITAT Delhi)

Amarjeet Kaur Vs ACIT (ITAT Delhi) In the present facts of the case in the first part, the assessee is an individual and during the course of assessment proceedings, the AO noted that the assessee has claimed capital gain on sale of her undivided 12.5% share which was sold for Rs.74 lacs to her son […]...

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Final vaccine product of COVAXIN not contains newborn calf serum

There have been some social media posts regarding composition of the COVAXIN vaccine where it has been suggested that COVAXIN vaccine contains the newborn calf serum. Facts have been twisted and misrepresented in these posts....

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GST on works contract service by way of construction of rope way

Circular No. 152/08/2021-GST 17/06/2021

Works contract service provided by way of construction such as of rope way shall fall under entry at sl. No. 3(xii) of notification 11/2017-(CTR) and attract GST at the rate of 18%....

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GST on services provided by Central or State Boards of Examination

Circular No. 151/07/2021-GST 17/06/2021

GST is exempt on services provided by Central or State Boards ( including the boards such as NBE) by way of conduct of examination for the students, including conduct of entrance examination for admission to educational institution [under S. No. 66 (aa) of notif No. 12/2017-CT(R)]. Therefore, GST shall not apply to any fee or any amount c...

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GST on annuities paid for construction of road

Circular No.150/06/2021-GST 17/06/2021

It is hereby clarified that Entry 23A of notification No. 12/2017-CT(R) does not exempt GST on the annuity (deferred payments) paid for construction of roads....

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July 2021