TaxGuru Newsletter Subscription
Information You Can Rely On.
Goods and Services Tax - Filing of Annual return – Option Scheme for MSME – Critical Analysis of the possible impact Annual return in form GSTR-9 is required to be filed by every registered person (other than an Input Service Distributor, the person paying tax under section 51 or 52, a casual taxable person and a non-resident taxable person) for […]...
Read MoreGoods and Services Tax - There is a lot of confusion on deduction under section 15 with respect to the discounts. Discounts are offered by various businesses to boost sales. In this article an attempt has been made to summarise the tax treatment (pre-GST and GST regime) on such discounts....
Read MoreGoods and Services Tax - Several goods are taken out of India on consignment basis for exhibitions or other export promotion events. These goods are sold only when approved by the prospective customers abroad. The unsold goods are then brought back to India. This is a widespread practice in various sectors, including the gems and jewelry industry. Exporters of th...
Read MoreGoods and Services Tax - The implications of GST on the sale of capital goods is one of the most baffling subjects. Many questions arise in the minds of taxpayers and professionals such as: GST implications on capital goods that are bought under the erstwhile indirect taxes regime; GST implications in respect of capital goods that are lost, stolen, destroyed [&he...
Read MoreGoods and Services Tax - Question: Whether recovery of 50% of Parental Health Insurance Premium from employees, amounts to supply of service under Section 7 of the Central Goods and Service Tax Act, 2017?” FACTS OF THE CASE: M/s. Jotun India Private Limited (hereinafter referred to as “the Applicant”), is a registered person under GST Act and is a manufac...
Read MoreGoods and Services Tax - This article have updated Central Goods and Services Tax Rules, 2017 / CGST Rules, 2017, which were initially released on 19th June 2017 and amended by various notifications issued from time to time. CGST Rules are updated with notifications issued till 09th October 2019. Details of Initial and Subsequent Notifications is as follows :- &n...
Read MoreGoods and Services Tax - We are happy to announce One Day GST workshop for effective GST Audits and Annual Returns. The workshop would cover clause wise clause detailed Analysis for Form GSTR 9, GSTR 9C along with GST Audit tool for GST Health Check-up. We are having workshops at Mumbai on 27th July 2019 and on 2nd August 2019 at New Delhi....
Read MoreGoods and Services Tax - CBIC issues 9 GST Circulars on 11th October 2019 i.e. Circular No. 113/32/2019-GST to Circular No. 121/40/2019-GST. Vide these Circulars CBIC has clarified various issues related to GST which includes Clarification regarding GST rates & classification of Goods , Scope of support services to exploration, mining or drilling of petroleum...
Read MoreGoods and Services Tax - Making Voluntary Payment on GST Portal: A facility is given to taxpayers to make payment on voluntary basis, through Form GST DRC-03(refer Rule 142(2) or 142(3) of the CGST Rules, 2017). Login into GST Portal and navigate to Services > User Services > My Applications and Select the Intimation of Voluntary Payment - DRC – 03, from th...
Read MoreGoods and Services Tax - CBIC issues 6 New GST Notifications on 09th October 2019 to give effect to decisions of 37th GST Council Decisions and also to make amendments in Central Goods and Services Tax Rules 2017. Vide These Notifications CBIC Notifies Due Date Of GSTR 3B And GSTR 1, CBIC further notifies that GST Annual Return is voluntary […]...
Read MoreIn re Vishal Infra Structure limited (GST AAR Karnataka) - In re Vishal Infra Structure limited (GST AAR Karnataka) The applicant is undertaking a contract of works contract of construction of a civil structure or any other original works for the Airport Authorities of India. The Department of Personnel and Training, Government of India has shown in the com...
Read MoreIn re V.K Building Services Private Limited (GST AAR Karnataka) - Bangalore Development Authority is an authority established by the State Government under the Bangalore Development Authority Act, 1976 and it is entrusted with the activity of development of the City of Bangalore and areas adjacent thereto and for matters connected therewith....
Read MoreIn re Gowri Infra Engineering Private Limited (GST AAR Karnataka) - In re Gowri Infra Engineering Private Limited (GST AAR Karnataka) a) Whether the activity undertaken by the applicant is covered under section 2(119) of the CGST Act, 2018 read with point 6 Schedule II of the CGST Act, 2017 read with the Karnataka GST Act, 2017 and the IGST Act, 2017? The applicant ...
Read MoreIn re Carnation Hotels Private Limited (GST AAR Karnataka) - In re Carnation Hotels Private Limited (GST AAR Karnataka) a. Whether accommodation service proposed to be rendered by the applicant to SEZ units are liable to CGST and SGST or IGST? The accommodation service proposed to be rendered by the applicant to SEZ units are covered under the IGST as it is a...
Read MoreIn re Sukee Printpack LLP (GST AAR Karnataka) - In re Sukee Printpack LLP (GST AAR Karnataka) 1. In the case where applicant is supplying the paper and paper board printed with content supplied by the recipient of the goods made using physical inputs including paper belonging to the recipient and – a. If the final printed material is a book...
Read MoreNotification No. 05/2019-Union territory Tax - (14/10/2019) - CBIC hereby appoints Dr. Puneeta Bedi, Joint Commissioner of Central Tax, Chandigarh Zone as as GST Authority for Advance Ruling for Union territory -Chandigarh vide Notification No. 05/2019-Union territory Tax dated – 14th October, 2019. MINISTRY OF FINANCE (Department of Revenue) Notificat...
Read MoreF.No.IV (34)/1/2019-Systems - (11/10/2019) - The advisory explains various processes and functionality for backend handling of refund claims by CBIC officers in the Refund module in the system. It is suggested that the proper officer in your zone may be sensitized to go through the advisory and appropriately handle the refund applications bein...
Read MoreCircular No. 121/40/2019-GST - (11/10/2019) - Circular No. 121/40/2019-GST- CBIC clarifies that service by way of grant of alcoholic liquor licence, against consideration in the form of licence fee or application fee or by whatever name it is called, by State Government is neither a supply of goods nor a supply of service. this special dispensa...
Read MoreCircular No. 120/39/2019-GST - (11/10/2019) - CBIC Clarification on the effective date of explanation inserted in notification No. 11/2017- CTR dated 28.06.2017, Sr. No. 3(vi) vide Circular No. 120/39/2019- GST Dated: 11th October 2019....
Read MoreCircular No. 119/38/2019-GST - (11/10/2019) - CBIC clarification on whether supply of securities under Securities Lending Scheme, 1997 by the lender is taxable under GST vide Circular No. 119/38/2019-GST Dated: 11th October 2019....
Read MoreIn re Vishal Infra Structure limited (GST AAR Karnataka) -
In re V.K Building Services Private Limited (GST AAR Karnataka) -
In re Gowri Infra Engineering Private Limited (GST AAR Karnataka) -
In re Carnation Hotels Private Limited (GST AAR Karnataka) -
In re Sukee Printpack LLP (GST AAR Karnataka) -
In re Manipal Technologies Limited (GST AAR Karnataka) -
In re M/s Elior India Catering LLP (GST AAR Karnataka) -
In re Shree Rajarajeshwari and Company (GST AAR Karnataka) -
In re Volvo Eicher Commercial Vehicles Limited (GST AAR Karnataka) -
In re M/s Infinera India Private Limited (GST AAR Karnataka) -
