Goods and Services Tax - Page 10

GST on Classic Malabar Parota and Whole Wheat Malabar Parota

In re M/s. Modern Food Enterprises Pvt Ltd (GST AAR Kerala)

In re M/s. Modern Food Enterprises Pvt Ltd (GST AAR Kerala) i) ‘Classic Malabar Parota’ and ‘Whole Wheat Malabar Parota’ classified under Schedule III of GST Laws, vide Heading 2106 ‘Food preparations not elsewhere specified or included’ and is taxable @18% GST. ii) Eligibility of exemption from GST vid...

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No GST on medicines, consumables etc provided during treatment

In re M/s. KIMS Health Care Management Ltd (GST AAR Kerala)

In re M/s. KIMS Health Care Management Ltd (GST AAR Kerala) The supply of medicines, consumables and implants used in the course of providing health care services for diagnosis or treatment is exempted under the category ‘Health Care Services’. (GST AAR Kerala) The supply of medicines, consumables and implants used in the cour...

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No GST on Quit / lease rent to Kerala Govt for land used for agriculture

In re M/s. The Cochin Plantations Ltd (GST AAR Kerala)

In re M/s. The Cochin Plantations Ltd (GST AAR Kerala) As per Notification No.12/2017-CT (Rate)  Government has exempted intra-state supply of services covered under Heading 9986. As per this notification services relating to cultivation of plants or agricultural produce by way of ‘vacant land with or without a structure incidental...

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Industrial gases produced out of major materials supplied is Job Work

In re M/s. Bharat Petroleum Corporation Limited (GST AAR Kerala)

The industrial gases are produced out of the major materials or inputs supplied by the applicant. The job worker uses some minor, ancillary goods to complete the process. The application of minor items by the job worker would not detract it being a job work. Therefore the processing undertaken by M/s. Prodair Air Products on the goods bel...

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GST Refund on A/c of Assessment/Provisional Assessment/ Appeal/ any other Order enabled

Refund on account of Assessment/Provisional Assessment/ Appeal/ any other Order enabled The taxpayers can now file online application to claim refund on account of Assessment/Provisional Assessment/ Appeal/ any other Order on GST Portal. (refer Section 54(1) of CGST Act 2017) Extract of Section 54 of CGST Act,2017 Section 54 – Refun...

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Applicability of TCS under GST & it’s impact on E-commerce

The TCS & TDS provisions which were deferred has become applicable w.e.f from 01st October 2018. Hence the notified persons would be required to deduct TDS & collect TCS on transaction under GST....

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GST Refund on Account of Export of Services (With Payment of Tax)

A. FAQs on Refund on Account of Export of Services (With Payment of Tax) Q.1 What are the preconditions for filing a refund application on account of Export of Services (with payment of tax)? Ans: The following conditions must be met for being eligible to file form RFD-01A to claim refund on account of Export of […]...

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GST Refund on Tax paid on an Intra-State Supply which is subsequently held to be Inter-State Supply & Vice Versa

FAQs on Refund on Tax paid on an Intra-State Supply which is subsequently held to be Inter-State Supply and Vice Versa. When refund application can be filed using reason as Refund on tax paid on an Intra state supply which is subsequently held to be inter-state supply and vica versa...

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GST refund claim by Supplier of Deemed Exports- Procedure & FAQs

A. FAQs on Refund on account of Supplier of Deemed Export Q.1 When refund application by Supplier of Deemed Exports can be filed? Ans: If the supplier of deemed exports has not collected tax from the recipient of deemed exports and paid the tax amount to the government, then the supplier of deemed exports would be […]...

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How to claim Refund of Excess Payment of GST with FAQs

A. FAQs on Refund on Account of Excess Payment of Tax Q. 1. When refund application on account of excess payment of tax can be filed? Ans: Refund application on account of excess payment of tax can be filed, when the taxpayer has paid excess tax (in the form of advance tax or tax deducted/collected […]...

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Goods and Services Tax India

The Goods and Services Tax or better known as GST is a Value added Tax and is a comprehensive indirect tax which is levied on the manufacture, consumption, and sale of goods and services. The Goods and Services Tax in India would replace all the indirect taxes which are levied today on goods and services by the Central and the State governments. GST is intended to be comprehensive for most of the goods and services. Goods and Services Tax is a single indirect tax for the entire nation, which would make India a unified market. It is proposed to be a single tax on supply of goods and services, from a manufacturer to the end consumer. The credit of all the input taxes which are paid at each and every stage would be allowed in the following stages of value addition that makes GST basically a tax on value addition only at every stage. The end consumer would have to bear only the Goods and Service Tax which is charged by the final dealer within the supply chain, together with all the set-off benefits availed at previous stages.

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