Understand the Goods and Services Tax (GST) and its impact on businesses. Learn about GST rates, compliance requirements, and its role in simplifying taxation. Stay updated with the latest GST news and updates.
Goods and Services Tax : Reverse Charge Mechanism (RCM) in GST is a system where the recipient of goods or services is liable to pay the tax instead of th...
Goods and Services Tax : The Finance (No 2) Act 2024 been notified on 16th August 2024. The Finance Act sections 114 to 157 Page 114 to 157 (Page 67 to 6...
Goods and Services Tax : Overview of GST tax liability, self-assessment, and the distinction between scrutiny under Section 61 and actions under Sections 7...
Goods and Services Tax : Karnataka HC ruled that under Section 75(4) of CGST Act, a hearing opportunity must be granted before passing an adverse order. Ba...
Goods and Services Tax : Understand GST provisions for invoices and credit notes in the sale of under-construction flats/shops, including time limits, e-in...
Goods and Services Tax : Join our webinars on GST Tribunals preparation. Learn to grow your IDT practice and prepare for GSTAT with expert guidance. Regist...
Goods and Services Tax : A Superintendent in Nadiad is sentenced to 5 years for bribery. CBI also investigates two GST officers in Hyderabad for demanding ...
Income Tax : Explore the latest updates on tax benefits for skill development institutions in India, including GST exemptions and income tax re...
Goods and Services Tax : Explore the latest details on GST rates for agricultural equipment, machinery, and fertilizers, and the government's stance on pot...
Income Tax : On August 5, 2024, it was clarified in the Lok Sabha that there are no specific tax incentives or waivers currently in place for t...
Goods and Services Tax : Calcutta High Court grants a final opportunity to a business owner to comply with WBGST Sec. 28(1) after non-compliance led to the...
Goods and Services Tax : Calcutta HC directs GST registrant to file delay condonation application under Limitation Act for appeal rejection despite pre-dep...
Goods and Services Tax : Calcutta HC overturns GST appeal dismissal, condoning the delay caused by technical issues on the GST portal. Case sent back for r...
Goods and Services Tax : Delhi HC upholds bail granted to Sanjeev Malhotra in GST fraud case, ruling against the petition for cancellation of bail....
Goods and Services Tax : Calcutta High Court rules that a Show Cause Notice without date, time, and venue for a hearing is invalid, directing a fresh adjud...
Goods and Services Tax : Maharashtra GST Circular No. 21T of 2024 updates guidelines for recovering outstanding dues after first appeal until the Appellate...
Goods and Services Tax : Instruction No. 03/2024-GST outlines procedures for CGST audits, emphasizing uniformity and reducing litigation through adherence ...
Goods and Services Tax : Kerala SGST department issues a circular clarifying the method of penalty calculation under the IGST Act, 2017 for tax demands mad...
Goods and Services Tax : CBIC's latest updates include a Customs cooperation deal with New Zealand, a new Hindi magazine, and significant seizures of smugg...
Goods and Services Tax : CBIC issues guidelines for a second All-India drive to detect and eliminate fake GST registrations, safeguarding government revenu...
In re Dwarka Prosad Agarwala (GST AAR West Bengal) 1.1 At the outset, we would like to make it clear that the provisions of the Central Goods and Services Tax Act, 2017 (the CGST Act, for short) and the West Bengal Goods and Services Tax Act, 2017 (the WBGST Act, for short) have the same […]
In the instant case, value of supply shall be the consideration in money and shall also include all the components towards non-cash consideration, as discussed. This composite supply of services by way of milling of food grains into flour (atta) to Food & Supplies Department, Govt. of West Bengal for distribution of such flour under Public Distribution System is eligible for exemption under entry serial no. 3A of the notification No. 12/2017- CT (R) dated 28.06.2017 only when the value of goods involved in such composite supply does not exceed 25% of the value of supply.
In re Suez India Private Limited (GST AAR West Bengal) Whether the supplies provided by the applicant to Kolkata Municipal Corporation shall be considered as divisible supplies and what would be its taxability under the GST Act. The contract for water loss management made by the applicant with Kolkata Municipal Corporation which includes construction of […]
In re Shiv Flour Mill (GST AAR West Bengal) Whether the supply of service provided by the applicant to Food & Supplies Department, Govt. of West Bengal by way of milling of food grains into flour for distribution of such flour under Public Distribution System is eligible for exemption under entry No. 3A of Notification […]
CBIC amends Notification No.11/2017- Union Territory Tax (Rate), dated 28th June, 2017 related to UTGST Rate on Services wef 01.01.2022 vide Notification No. 22/2021-Union Territory Tax (Rate) Dated: 31st December, 2021. MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 31st December, 2021 Notification No. 22/2021-Union Territory Tax (Rate) G.S.R. 925(E).—In exercise of the powers […]
CBIC amends Notification No. 8/2017-Integrated Tax (Rate) | Dated: 28th June, 2017 related to IGST Rate on Services wef 01.01.2022 vide Notification No. 22/2021-Integrated Tax (Rate) Dated: 31st December, 2021. MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 31st December, 2021 Notification No. 22/2021-Integrated Tax (Rate) G.S.R. 924(E).—In exercise of the powers conferred by […]
CBIC amends Notification No. 11/2017 – Central Tax (Rate), dated the 28th June, 2017 related to CGST Rate on Services wef 01.01.2022 vide Notification No. 22/2021-Central Tax (Rate) Dated: 31st December, 2021. MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 31st December, 2021 Notification No. 22/2021-Central Tax (Rate) G.S.R. 923(E).—In exercise of the powers conferred […]
Notification No. 21/2021-Union Territory Tax (Rate) | Dated 31st December, 2021 Government removed Entry No. 225 of Notification No.1/2017-Union Territory Tax (Rate), dated the 28th June, 2017 in UTGST ‘Schedule I –2.5%‘ by which Footwear were Taxed at the Rate of 5% (2.5% UTGST+2.50 % CGST) for Footwear of sale value not exceeding Rs.1000 per pair. […]
Notification No. 21/2021-Integrated Tax (Rate) | Dated 31st December, 2021 Government removed Entry No. 225 of Notification No.1/2017-Integrated Tax (Rate), dated the 28th June, 2017 in IGST ‘Schedule I –5%‘ by which Footwear were Taxed at the IGST Rate of 5% for Footwear of sale value not exceeding Rs.1000 per pair. Government has now inserted New […]
Notification No. 21/2021-Central Tax (Rate)| Dated 31st December, 2021 Government removed Entry No. 225 of Notification No.01/2017- Central Tax (Rate), dated the 28th June, 2017 in CGST ‘Schedule I –2.5%‘ by which Footwear were Taxed at the Rate of 5% (2.5% CGST + 2.50% SGST) for Footwear of sale value not exceeding Rs.1000 per pair. Government […]
