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Goods and Services Tax : Mumbai court sentences former CGST Superintendent and his wife to 2-4 years in prison for possessing disproportionate assets. Tota...
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Goods and Services Tax : Chhattisgarh High Court granted bail as no incriminating has been recovered at the instance of the present applicant in the matte...
Goods and Services Tax : Patna High Court rules on extension of limitation for GST assessment orders in Barhonia Engicon Pvt Ltd case, addressing pandemic-...
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CBIC waives late fee payable for those who failed to furnish return in FORM GSTR-3B for August and September, 2017 by due date.
The Procedures for Procuring from Domestic Suppliers by Merchant Exporter is : 1. Both the Supplier and Merchant Exporter must be Registered Persons 2. The registered supplier shall supply the goods to the registered recipient on a tax invoice Charging GST : a. Intra-State – 0.05% of CGST + 0.05% of SGST b. Inter- State – 0.1% of IGST
In a layman language, deemed export means the goods when supplied, does not leave India and payment for which is received either in Indian rupees or in convertible foreign exchange, if such goods are manufactured in India. (Section 147 of CGST Act, 2017). By and large, all the provisions related to ‘export’, shall be applicable to ‘deemed export’,but following are the provisions which are applicable to deemed export only.
GST Council, hereby exempts the intra-State supply of taxable goods by a registered supplier to a registered recipient for export, from so much of the central tax leviable thereon under section 9 of the said Act, as is in excess of the amount calculated at the rate of 0.05 per cent, subject to fulfillment of the following conditions, namely:
Until recent past the count of NGOs outnumbered the count of schools in India. Such being the spread of NGOs, arguably the biggest economic reform in India which is GST would certainly have its impact on NGO sector. One of the major question which people at helm of affairs of NGOs have is whether their organisation need to get registered under GST? The article attempts to put before the readers relevant extracts of statue which would facilitate in answering above question.
Requests have been received to clarify whether supply of books, pamphlets, brochures, envelopes, annual reports, leaflets, cartons, boxes etc., printed with design, logo, name, address or other contents supplied by the recipient of such supplies, would constitute supply of goods falling under Chapter 48 or 49 of the First Schedule to the Customs Tariff Act, 1975 (51of 1975) or supply of services falling under heading 9989 of the scheme of classification of services annexed to notification No. 11/2017-CT(R).
Seeks to notify the evidences required to be produced by the supplier of deemed export supplies for claiming refund under rule 89(2)(g) of the CGST rules, 2017
Central Government hereby notifies following supplies of goods as deemed exports, namely:-Supply of goods by a registered person against Advance Authorization
Seeks to reduce GST rate on Food preparations put up in unit containers and intended for free distribution to economically weaker sections of the society under a programme duly approved by the Central Government or any State Government.
Provided also that in respect of supplies regarded as deemed exports, the application may be filed by, -(a) the recipient of deemed export supplies; or (b) the supplier of deemed export supplies in cases where the recipient does not avail of input tax credit on such supplies and furnishes an undertaking to the effect that the supplier may claim the refund
