Rule 32(4) of CGST Rules excludes LIC premium portions from taxable value. No ITC reversal needed for these excluded portions.
Understand the GST taxability of salvage in motor vehicle damage claims. Explore how insurance companies handle GST when dealing with total loss and partial loss scenarios.
Understand GST implications on ESOP, ESPP, and RSU plans, including exemptions and conditions for Indian subsidiaries and foreign parent companies.
Understand compliance for CGST Act Section 15(3)(b)(ii) with our guide on discount agreements, ITC reversal, and necessary certificates.
Explore GST implications for personal and corporate guarantees provided by directors and holding companies, including valuation, RCM, and GST rates.
Explore special procedure mandated for manufacturing specified goods, including forms SRM-I, SRM-IA, SRM-IIA, SRM-IIB, SRM-IIIA, SRM-IIIB, and SRM-IV. Deadlines and details revealed.
Explore the TDS provision under GST as of 31st Oct 2023. Learn about regulations, implications, and recent updates. Ensure compliance for smooth transactions.
Article explains rules and options for GST refund on export of goods. Learn about procedures, forms, and calculations involved in claiming a refund under GST.
Learn about interest under GST as per Section 50 of the CGST Act, 2017, and Rule 88B of the CGST Rule, 2017. Explore circumstances, rates, and examples of interest levies for GST on sales and Input Tax Credit (ITC).
Understand the implications of GST on road transport of goods. Learn about the exemption for goods transportation agencies and courier agencies.
