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...
The GST Council in its 38th meeting held on 18th December 2019 at New Delhi discussed and approved: (i) certain amendments in the GST Law and procedures; and (ii) Changes related to GST Rates Below mentioned is the gist of announcements made by the GST Council categorised into below sections: 1. GST Revenue Trends – […]
1. Waiver of FORM GSTR-1 late fees Late fees for FORM GSTR-1 for period(s) july-2017 to November-2019, as proposed shall be waived off if filled by 10th January 2020 2. E-way Bill for taxpayers who have not filed their FORM GSTR-1 for two tax periods shall be blocked. 3. Provisional ITC further restricted to 10% […]
Due date for annual return in FORM GSTR-9 and reconciliation statement in FORM GSTR-9C for FY 2017-18 to be extended to 31.01.2020. Input tax credit to the recipient in respect of invoices or debit notes that are not reflected in his FORM GSTR-2A shall be restricted to 10 per cent of the eligible credit available in respect of invoices or debit notes reflected in his FORM GSTR-2A.
To levy a single rate of GST @ 28% on both State run and State authorized lottery. This change shall become effective from 1st March, 2020. The Council also considered the rate of GST rate on Woven and Non-Woven Bags and sacks of polyethylene or polypropylene strips or the like, whether or not laminated, of a kind used for packing of goods
GST rate of Job Work (Consolidated Sheet) Notification 11/2017- Central Tax (Rate). The said notification was issued on 28th June, 2017. And is further amended by Notification No. 20/2017 (dated 22nd August, 2017), 31/2017 (dated 13th October, 2017), 46/2017 (dated 14th November, 2017), 1/2018 (dated 25th January, 2018), 20/2019 (dated 30th September, 2019.) , was […]
Job work is merely a process or processes undertaken by the job worker on the goods belonged to the principal. Job work may amounts to manufacture or may not amount to manufacture. Job worker may use some portion of his material also or he may not use his material at all. The law on these issues have already been settled.
Textile, Jewellery etc. manufacturing and other processes on goods belonging to other unregistered person clarified to be taxable @ 18% Circular No. 126 dated 22-11-2019 has clarified that ,if manufacturing services are performed on goods belonging to unregistered persons, then tax rate shall be 18%. Sectoral Impact Apart from textile, jewellery other sectors like footwear, […]
CBIC issued a clarification on Job work vide circular No. 126/45/2019- GST on the dated 22nd November 2019. Before published, these circular people have many doubts about job work and manufacturing processes. We are clearing our views before and after issued this clarification by CBIC. Before Clarification After Clarification Per notification No. 11 dated June […]
Doubts have been raised with regard to the recommendation of the GST Council to reduce rate of GST on all job work services, which earlier attracted 18 % rate, to 12%. CBIC clarified on the same
Sh. Vasantbhai Bhikabhai Patel Vs M/s Shree Infra (National Anti-Profiteering Authority) We have carefully considered the Report of the DGAP, the submissions of the Respondent and all the documents placed on record. From the perusal of the DGAP’s Report it is revealed that the ratio of ITC to the taxable turnover during the pre-GST period […]
