As per Rule 7 of CGST Rules, 2017 read with Section 10(1) of the CGST Act, 2017, rates fixed for composition levy (to be paid as CGST) for different classes of persons taxable person registered in composition levy scheme are as follows:
In this document, the provisions of CGST Act, 2017 have been mentioned with reference to Central taxes namely, Central Excise duty or Service tax. However, for each of the situations discussed in this document, corresponding provision of SGST/UTGST Act, 2017 should also be seen with reference to State Taxes such as VAT, Purchase tax and […]
It is being clarified and assured that there is no hold up of import and export consignments, wherever GSTIN is legally not required. Importers, Exporters and Customs Brokers are requested to quote authorized PAN in the bills of entry or shipping bills for such clearance
There is lot of confusion on rate of GST Applicable to Restaurants under Composition Scheme, Restaurant with no air-conditioning in any part thereof and not serving liquor, Restaurant with partial or full air-conditioning or serving liquor, Rate of tax on food parcel cooked as per order, Rate of tax on parcel of pre- packed and […]
1 Introduction The World Wide Web (WWW) is increasingly being used for communication between applications. The programme interfaces is available over the Web for application-to application communication named as Web services. There are various types of applications that can be considered Web services, however, interoperability between the applications is enhanced using the technologies such as […]
Show Cause Notice issued to 5,922 Associations for cancellation of FCRA registration As a one-time measure, all associations were given an opportunity by way of a Public Notice uploaded on fcraonline.nic.in on May 12, 2017 requiring the associations to file their missing Annual Returns pertaining to FY 2010-11 to 2014-15 within a period of one […]
Sanitary napkins are classifiable under heading 9619. In pre-GST, they attracted concessional excise duty of 6% and 5% VAT and, the pre-GST estimated total tax incidence on sanitary napkins was 13.68%. Therefore, 12% GST rate had been provided for sanitary napkin.
Gifts up to a value of Rs 50,000/- per year by an employer to his employee are outside the ambit of GST. However, gifts of value more than Rs 50,000/- made without consideration are subject to GST, when made in the course or furtherance of business.
As a part of this continuous process, a new tax payer service module ‘Aaykar Setu’, was launched by the Honourable Finance Minister, Shri Arun Jaitley from Delhi today. To enhance mobile access experience, a mobile responsive android version was also released along with the desktop version.
The rule 96A of the Maharashtra Goods and Services Tax Rules, 2017 provides that refund of integrated tax paid on export of goods or services can be availed by submission of bond or Letter of Undertaking in FORM GST RFD-011.
