Goods and Services Tax : Article explains different GST slabs in India, items categorized under each GST slab, GST percentage rates, types of GST, and GST ...
Goods and Services Tax : No GST is payable where the residential dwelling is rented to a registered person if it is rented it in his/her personal capacity ...
Goods and Services Tax : Article compiles GST Rate on works contract services w.e.f 1st January 2022 mentioning Chapter, Section or Heading, Description of...
Goods and Services Tax : GST Rates on various Composite or works contract services to various recipients has been one mind boggling affair for all taxpayer...
Corporate Law : Article summarises the following changes in GST Rates wef 01.01.2022 Textile sector rate changes (goods) applicable from 01.01.202...
Goods and Services Tax : CBIC Notice calling for feedback/ suggestions from stakeholders on Harmonization of GST Rate Schedule on Services and the Classifi...
Goods and Services Tax : CHANGES IN GST SLAB - At present, there is no recommendation from the GST Council for change in the existing GST rate slabs....
Goods and Services Tax : The GST rates on certain goods have under gone changes since the introduction of GST. The rate changes are given effect through am...
Goods and Services Tax : As per Sources GST Council is expected to meet physically on 31st December 2021 at 11 AM and it may discuss deferment of hike ...
Goods and Services Tax : The entire textile trade and industry is in shock on Government’s decision of increase in GST Rate on textile from 5% to 12& whi...
Goods and Services Tax : In re Chikkaveeranna Sweet Stall (GST AAR Karnataka) For composition tax payers what is the applicable rate of GST for the manufac...
Goods and Services Tax : The High Court forwarded the application to GST Council for appropriate consideration of exact GST rate applicable on Ayurvedic/ U...
Goods and Services Tax : Sh. Vasantbhai Bhikabhai Patel Vs M/s Shree Infra (National Anti-Profiteering Authority) We have carefully considered the Report o...
Goods and Services Tax : Product Sanitary Napkin vide Notification No. 19/2018-Central Tax (Rate) dated 26.07.2018, w.e.f 27.07.2018 was exempted and attra...
Goods and Services Tax : In re Wabco India Limited (GST AAR Tamil Nadu) 1. Whether the Electrical Wiring Harness, primarily an electrical wire with connect...
Goods and Services Tax : Explore the latest amendments to Central Tax Rates in 2024. Notification 01/2017 updated with crucial changes. Learn about modific...
Goods and Services Tax : Explore the latest amendments to Integrated Tax Rates with Notification 01/2024. Effective from January 4, 2024, the changes impac...
Goods and Services Tax : Seeks to amend notification No. 2/2017- Union Territory Tax (Rate) vide Notification No. 10/2022-Union Territory Tax (Rate) |Dated...
Goods and Services Tax : Seeks to amend notification No. 2/2017-Union Territory Tax (Rate), dated the 28th June, 2017 vide Notification No. 10/2022-Union T...
Goods and Services Tax : Seeks to amend notification No.1/2017-Integrated Tax (Rate), dated the 28th June, 2017 vide Notification No. 6/2022-Intergrated Ta...
Article summarises Decisions Taken In 39th Meeting of GST Council on 14th March 2020. ANNUAL RETURN Relaxation of MSMEs from furnishing of Reconciliation Statement in FORM GSTR 9C for the F.Y. 2018-2019, for taxpayers having aggregate turnover > Rs.5 crores. Due date for filling Annual Return and the Reconciliation Statement for the F.Y. 2018-2019 to […]
The 39th GST Council meeting held on 14th March 2020 took decisions on various important issues and came up with following stress busting recommendations: INTEREST 1. Interest on delay in payment of GST shall be collected on Net Cash payment only w.e.f 01.07.2017; REVOCATION OF CANCELLATION 2. One time measure for Revocation of cancellation of registration […]
Recently, The GST Council in its 39th GST Council Meeting took the following decisions relating to changes in GST rates on supply of goods and services, law & procedures. Law & Procedure: 1. Interest for delay in payment of GST to be charged on the net cash tax liability w.e.f. 01.07.2017 (Law to be amended […]
Summary of 39th GST Council Meeting Decisions taken on 14th March 2020 1. Related to Interest Liability: – Interest to be charged on Net Cash Liability (retrospective amendment from 01.07.2017) Earlier the department had issued Lacs of Notices involving the Penal Interest running in thousands of crores demanding Interest on Gross Amount. Now, this controversy […]
Amid huge expectations from GST council from 39th meeting held on 14.03.2020, GST Council has recommended various changes in GST law to facilitate trade and industry at large. We present to you top 13 takeways from GST council meeting at New Delhi: 1. Interest on delayed payment to be calculated on net GST liability Council […]
The GST Council in its 39th meeting held on 14th March 2020 at New Delhi discussed and approved: (i) certain amendments in the GST Law and procedures; (ii) Changes related to GST Rates; and (iii) Recommended IT Roadmap I. Recommendations on IT Roadmap – A presentation was made by Mr. Nandan Nilekani on behalf […]
Key Highlights of 39th GST Council Meeting – 14th March, 2020 1. Current return filing system: GSTR-1, GSTR-3B continue till 30th September, 2020. New return filing deferred till 30th Sept, 2020. 2. E-invoicing: E-invoicing Extended till 01st October, 2020. Exempted certain classes of persons from generating E-invoicing. 3. Interest on net cash liability: Interest for […]
Shri Nandan Nilekani would attend the next 3 meetings of the GST Council and update the council of the status of implementation of the decisions taken by the Council and assist the Council in taking appropriate decisions on technology related issues,
Council made the following recommendations:- To raise the GST rate on Mobile Phones and specified parts presently attracting 12% to 18%. To deliberate the issue of calibrating the rate in other items for removing inversion in future meetings with further consultation and examination of issue.
Notification No. 28/2019-Integrated Tax (Rate)– To amend notification No. 10/2017-Integrated Tax (Rate) so as to notify certain services under reverse charge mechanism (RCM) as recommended by GST Council in its 38th meeting held on 18.12.2019. Government of India Ministry of Finance (Department of Revenue) Notification No. 28/2019- Integrated Tax (Rate) New Delhi, the 31st December, […]
