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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...
Works contract is a mixture of goods and services but it is neither a composite supply nor a mixed supply as it has been defined as per Sec. 2(119) of CGST Act. As per the said section “ Works Contract” means a contract for building, construction, fabrication ,completion, erection, installation , fitting out, improvement , modification, repair ,maintenance, renovation, alteration, or commissioning of any immovable property wherein transfer of property in goods ( whether as goods or in some other form) is involved in the execution of such contract. Thus even when there is a transfer of property in goods during execution of any works contract , such supply will be included in Works Contract only. For example ,construction of a new building, installation and commissioning of Cooling Towers, etc.
Rule – making has gained momentum and CBEC has released several draft rules like draft accounts & records rules, draft assessment & audit rules, draft appeals & revision rules, draft advance rulings rules and draft-way bill rules.
Under Section 4A of the Central Excise Act, the Central Government has the power to notify the goods which shall be valued on the basis of MRP less abatement permitted. However in GST Law there is no provision for determination of value on the MRP basis.
The applicability of various taxes (such as Excise, Custom, Service Tax, VAT and CST) in the present indirect tax system and in the coming GST regime has been explained through this article with the help of examples in each of the situations mentioned below:
Transition provision is one time provision which shall be applicable at the time of migration to GST on the appointed day which is likely to be 1st July, 2017.
GST is a tax known throughout the world as practical business tax. It is not a tax on income but a tax on business as settled in courts of law in various country having GST regime. Thus, it was coined to be a practical business tax.
This article takes you to a class room where literally one will experience sailing through in GSTN portal in respect of your business transaction –Also corresponding impact in Financials.
THE PUNJAB GOODS AND SERVICES TAX BILL, 2017 A BILL to make a provision for levy and collection of tax on intra-State supply of goods or services or both by the State of Punjab and the matters connected therewith or incidental thereto
Stock transfer of goods between two states would be liable to IGST. Stock transfer of goods between two business verticals in the same state where separate registration has been taken for each business vertical would be liable to CGST/ SGST
As per the IGST Law, supplies of goods and services to or by Special Economic Zone (SEZ) units or SEZ developers will be treated as inter-State supplies. As per the SEZ Act, supply of goods from SEZs are treated as import of goods into India. Accordingly Basic Customs Duty (BCD) & Integrated GST will be […]
