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Goods and Services Tax : GST on aggregator services for diagnostics is taxable at 18%. AAR Karnataka clarifies GST obligations and non-eligibility for TCS ...
Goods and Services Tax : GSTN issued multiple advisories in November 2024, including updates on e-Invoice reporting, IMS, TDS for scrap dealers, and waiver...
Goods and Services Tax : Kerala AAR rules differential dealer margin paid by HPCL taxable at 18% under GST. Treated as service for agreeing to refrain from...
Goods and Services Tax : Understand the time of supply under GST, its legal framework, key principles, and its impact on cash flow, compliance, and busines...
Goods and Services Tax : Learn about GST amnesty provisions for waiving interest, penalties, and regularizing ITC under Section 16(4) of CGST Act. Apply by...
Goods and Services Tax : Simplify GST learning with memory techniques. Join live sessions, master CGST sections, and retain knowledge effortlessly. Registe...
Goods and Services Tax : Analysis of GST rates on life/health insurance and lifesaving drugs. Details of revenue, concessions, and GST Council discussions ...
Goods and Services Tax : GST on educational services includes exemptions for institutions and books, but coaching services attract 18% GST. Learn about GST...
Goods and Services Tax : Learn to manage GST invoices easily with the new IMS. Join our webinar on 24th Nov to improve ITC claims and error reduction. Regi...
Goods and Services Tax : GSTN alerts taxpayers about duplicate invoices in GSTR-2B for September and October 2024. Resolution is underway; QRMP taxpayers a...
Goods and Services Tax : Detailed analysis of AAR West Bengal ruling on GST exemption for catering services to inpatients under Notification 12/2017 and he...
Goods and Services Tax : AAR West Bengal examines GST exemption for Reach Dredging Ltd's project on Lamphelpat Waterbody, addressing urban flooding, water ...
Goods and Services Tax : Gujarat High Court allows GST refund on ocean freight paid under RCM after the relevant notification was struck down, rejecting ti...
Goods and Services Tax : Notably, the original authority recorded that it is evident that the details provided at the time of migration from the registrati...
Goods and Services Tax : Bombay HC rules that limitation for filing appeal under MGST Act begins from the email communication date of the assessment order,...
Goods and Services Tax : CBIC extends the GSTR-3B filing due date for October 2024 to November 30, 2024, for registered persons in Manipur under GST Notifi...
Goods and Services Tax : CBIC designates GST adjudicating officers under Notification 28/2024 to address cases issued by the Directorate General of GST Int...
Goods and Services Tax : Kerala SGST's new circular streamlines adjudication of interconnected show cause notices with a single authority for consistent de...
Goods and Services Tax : GSTN shares a consolidated list of approved B2B e-Invoice verification apps for taxpayers to download and stay updated....
Goods and Services Tax : Madhya Pradesh GST applicants must complete biometric Aadhaar authentication and document verification at GSK. Appointment booking...
Continuing with the discussion, today we shall discuss the changes made in the section 10. It is newly added clause in the draft GST law for determining place of supply of services where location of service provider or the location of service receiver is outside India.
Job-work sector constitutes a significant industry in Indian economy. The manufacturing industries now-a-days stick to their core competencies and get most jobs done on outsourced basis. Here we are analyzing the position of Job Worker under GST regime.
High Court held that under Expenditure Tax Act 1987 chargeable expenditure would be incurred only upon raising of a composite bill upon conclusion of hotel stay and not earlier.
Currently, No Service Tax is payable on income earned by way of interest income as the same is excluded by way of Entry (n) of Negative List. As per Entry (n) of Negative List, Services by way of extending deposits, loans or advances in so far as the consideration is represented by way of interest or discount.
Under GST, RCM is applicable to both supply of certain Goods and or services as notified by the Government. RCM is also applicable for supplies received from unregistered suppliers also. Persons who are required to pay tax under reverse charge has to compulsorily register under GST
1. The concept of admissibility of input tax credit is elaborated and mentioned in the provision itself (intended to be used or used in the furtherance of business) 2. Capital goods will be entitled for 100% credit immediately except for pipelines and telecommunication tower fixed to earth by foundation or structural support which is as follows :-
The revised IGST Law has provided separate provisions for determination of place of supply in case of intra state trade/inter-state trade and that in case of import/export of goods. The provisions regarding determination of place of supply of goods other than supply of goods imported into or exported from India are the same as proposed in the erstwhile IGST Law and are not repeated.
There are four types of Refunds Available in GST: 1. Unutilized Input Tax Credit 2. Balance in Electronic Cash Ledger 3. Advance Tax deposited by Casual Taxable Person or Non Resident 4. Refund of Embassy, Agency of UNO
Registration process and payment of Fee for registration is end to end online for all the Acts administered by the Department (MVAT Act, CST Act, Entry Tax Act, Profession Tax Act, Luxury Tax Act and Sugarcane Purchase Tax Act.
As evident from revised draft, the definitions of the input goods, capital goods and input services have undergone a major change or let’s say, it has been simplified to the maximum extent possible. In the current laws, there are definitions containing specifications and restrictions to items and services on which cenvat can be taken or […]
