Goods and Services Tax - Page 20

GST on Medicines, consumables & implants used while providing health care services to in-patients

In re M/s. Shifa Hospitals (GST AAR Tamilnadu)

Medicines, consumables and implants used in the course of providing health care services to in-patients by the applicant is a composite supply of Inpatient Services classifiable under SAC 999311....

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Whether Carbonated Fruit Juice falls under Fruit Juices or Aerated drinks?

In re Ms. Rich Dairy Products (India) Private Limited (GST AAR Tamilnadu)

Waters with added carbon dioxide which may contain added preservatives and flavoring , sugars are separately classified under Para 2.10.6 as Carbonated Water' and Category 14.1.1.2 as 'table waters and soda waters' which are different from 'Carbonated Fruit Beverages or Fruit Drinks' of Para 2.3.30 and Category '14.1.4.1' of FSSAI regulat...

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No GST on Adoption Fees received from Adoptive Parents by Trust under Adoption Law

In re Ms. Children of the World India Trust (GST AAR Maharashtra)

Receipt of the Adoption Fees paid under Regulation 46 of the Adoption Regulations, 2017 by the Prospective Adoptive Parents to the Trust is exempted from the levy of Goods and Services Tax....

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Amendment in CGST Rules & Due dates of GSTR 1 / GSTR 3B

Notification no.44-49/2019- Central Tax dated 09 October 2019 (26/10/2019)

CBIC issues Notifications relating to filing of returns under GST Central Board of Indirect Taxes and Customs has issued Notifications 44–48/2019 Central Tax dated 9 October 2019 relating to filing of returns under Goods and Services Tax (GST). The key changes are as follows: Notification no. 44/2019-Central Tax dated 09 October 201...

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CBI Arrests a Superintendent of CGST in a Bribery Case

CBI has arrested a Superintendent of CGST & Central Excise Division Range-II, Lucknow (Uttar Pradesh) for demanding and accepting a bribe of Rs.25,000/- from the complainant....

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Examination for Confirmation of Enrollment of GST Practitioners

Examination for Confirmation of Enrollment of GST Practitioners will be a Computer Based Exam. The registration for the exam can be done by the eligible GSTPs on a registration portal, link of which will be provided on NACIN and CBIC websites. The registration portal for exam scheduled on 12.12 .2019 will be activated on 22nd November, 20...

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Impact of 20% Input Tax credit Restrictions in GST

Recently, notification no 49/2019-central tax on 9th October, 2019 has come restricting the input tax credit to 120% of the eligible input tax credit on the basis of invoices actually uploaded by supplier under section 37(1). We have analyzed the notification in detail and below is the mechanism how to arrive at this 120% and […]...

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Effect of Notification 49/2019–CT i.e. restriction on availment of ITC

Effect of Notification 49/2019–Central Tax dated 9 October 2019 i.e. restriction on availlment of input tax credit (ITC) Central Board of Indirect taxes and Customs restricts availment of input tax credit to recipient if details not furnished by supplier in Form GSTR-1 CBIC has issued Notification No. 49/2019–Central Tax dated 9 Octob...

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GST शास्त्र : ‘C’ for Classification, ‘C’ for Confusion

Introduction : Classification of goods under GST is very important and has very vide implications considering multi tax rate structure. To ascertain whether a subject matter is exigible to tax, exemption, rate of tax, classification is a crucial task. Certain entries in notifications to defined tax rates led to disarray among the industry...

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GST: HC allows bail as neither any complaint nor charge-sheet was filed

Sandeep Maganbhai Chaniyara Vs Commissioner, Central Excise And CGST (Gujarat High Court)

In the facts and circumstances of the case and considering the  nature of allegations made against the applicant in the FIR and considering the admitted position that the applicant is arrested on 08.07.2019 and the fact that till date even after passage of 60 days, neither any complaint nor charge­sheet is filed and therefore, the appli...

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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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