Payments received for expenses reimbursed due to cancelled export orders do not constitute a supply and are exempt from GST, as no service was provided.
CBIC circulars confirm GST exemption for qualifying services to Governmental Authorities like DMFTs and limited-value horticulture works. The takeaway is clarity through illustrative application.
The GST system has moved to strict ledger-based validation of ITC claims. Excess or unsupported ITC will now result in GSTR-3B filing blocks and possible cash liability.
GST Audit Checklist Explained: Compliance Failures That Trigger Tax, ITC Reversal & Deemed Supplies; GST Audit Reveals ITC Risks Due to Section 16, Rule 42/43 & RCM Non-Compliance; GST Audit Checklist: Why Incorrect Classification, LUT Lapses & Export Errors Invite Scrutiny; GST Audit Findings Explained: Vendor Payment Delays, Capital Goods Sale & ITC Reversal Issues; […]
Learn how to file your GSTR-9 annual return, including details of supplies, ITC, taxes paid, and adjustments for FY 2024-25.
Diagnostic services by clinical establishments remain exempt from GST. Know scope, compliance, and key circulars defining healthcare service exemptions.
Section 128A offers conditional tax relief for the 2017-2020 period. Learn about eligibility, due dates, procedures, and exclusions under this GST provision.
Section 128A offers tax relief by waiving interest and penalties for liabilities from FY 2017-2020 if full tax is paid within a specified time.
Explore ITC availability for insurance companies on vehicle repairs in reimbursement mode. Learn about limits, invoicing requirements, and compliance under the CGST Act.
Understand GST implications on warranty repairs, part replacements, ITC reversal for manufacturers and distributors. Clarifies extended warranty GST treatment.
