IGST

Refund for Zero Rated Supply to SEZ unit/Developer without GST payment

Goods and Services Tax - As per Section 16(1) of the IGST Act 2017, the Supplies to SEZ are treated as zero-rated supply thereby the supplier supplying goods or services cannot charge GST to SEZ....

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Madras High Court- Allowed refund of unutilized ITC for zero-rated supplies effected by an SEZ unit

Goods and Services Tax - Hon’ble High court in the instant case held that there is no merit in the impugned order passed by the authorities denying the benefit of refund of unutilized input tax credit of zero rated supplies effected by the petitioner. Hence, the petition has been allowed together with consequential relief and above observations....

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Implication of GST on Social Media/Instagram Influencers

Goods and Services Tax - Social Media, an evolution of the 21st Century has given rise to many career options, one such is being an, “Influencer” especially on Instagram. Generally, as the social media followers increases on Instagram, the income earned by them through this also increases. But how do they earn? Influencers on Instagram in India earn through m...

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Concept of Import/Export of services with regard to intermediary

Goods and Services Tax - 1) DEFINITIONS (As per Section 2 of the IGST Act, 2017) EXPORT OF SERVICES Means the supply of any service when, – Supplier of Service = India Recipient of Service = Outside India Place of supply of service = Outside India Mode of Payment received = Convertible Foreign Exchange. IMPORT OF SERVICES Means the supply […]...

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Key Changes under GST in Union Budget 2022

Goods and Services Tax - GST has been a landmark reform of Independent India showcasing the spirit of Cooperative Federalism. While aspirations were high, there were huge challenges too. These challenges were overcome deftly and painstakingly under the guidance and oversight of the GST Council. The right balance between facilitation and enforcement has engendered...

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10 IGST/Custom Duty Relief Measure to fight against Covid-19

Goods and Services Tax - 1. IGST exempted on Import of drug used for treatment of black fungus IGST exempted on import of Amphotericin B (the drug required for treating Mucormycosis fungal infection) if imported either free of cost or on payment basis and meant for donating to government or any other relief agencies on the recommendation of State Authority [&hell...

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GST collection for Oct 2021 registered second highest since GST implementation

Goods and Services Tax - GST collection for October 2021 registered the second highest since implementation of GST ₹ 1,30,127 crore gross GST revenue collected in October Revenues for the month of October 2021 are 24% higher than the GST revenues in the same month last year and 36% over 2019-20 The gross GST revenue collected in the month of […]...

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State/UTs Nodal Authority for Adhoc IGST exemption order

Goods and Services Tax - Details of State Nodal Authority appointed by States in respect of Adhoc Exemption Order 4/2021-Cus for IGST exemption Detail Contains State Name, Name of the Designated Person, Designation of the Nodal Authority, Office, Address of the Nodal Authority, Phone number and Email of the Nodal Authority. Download List of State/UTs Nodal Author...

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Relief measures for taxpayers under GST in view of COVID-19

Goods and Services Tax - In view of the challenges faced by taxpayers in meeting the statutory and regulatory compliances under Goods & Services Tax (GST) law due to the outbreak of the second wave of COVID-19 pandemic, the Government has issued notifications, all dated 1st May, 2021, providing various relief measures for taxpayers. These measures are explained b...

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Centre releases GST Compensation & IGST ad-hoc settlement amount to States/UTs

Goods and Services Tax - Centre releases Rs. 30,000 crore as GST Compensation as well as Rs. 28,000 crore as IGST ad-hoc settlement to the States/UTs. The total amount of compensation released so far for the year 2020-21 is Rs. 70,000 crore. As per the decision of GST Council, back to back loan of Rs. 1,10,208 crore has also been […]...

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Refund of accumulated IGST – Zero Rated Supply

ATC Tires Private Limited Vs Joint Commissioner of GST & Central Excise (Appeals) (Madras High Court) - ATC Tires Private Limited Vs Joint Commissioner of GST & Central Excise (Appeals) (Madras High Court) The purpose of granting refund on zero rated supply is to ensure that the exports are competitive in the international market and such transactions are not burdened with taxes. The export by the...

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AAR Telangana cannot give ruling in respect of Supply in Maharashtra

In re Rajasekhar Reddy Tummuru (GST AAR Telangana) - In re Rajasekhar Reddy Tummuru (GST AAR Telangana) Questions raised: Whether the person registered in the State of Telangana who is in possession of an immovable property in the State of Maharashtra is required to be registered in the State of Maharashtra for provision of service related to Renting...

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Value of supply includes interest or late fee or penalty for delayed payment

In re Hyderabad Metropolitan Water Supply And Sewerage Board (GST AAR Telangana) - In re Hyderabad Metropolitan Water Supply And Sewerage Board (GST AAR Telangana) The applicant M/s. Hyderabad Metropolitan Water Supply and Sewerage Board is making payments to the contractors in equated yearly installment manner where in such equated yearly installment consists of both principal am...

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18% GST payable on ‘Ready to Eat’ popcorn sold in retail packages

In re Agro Tech Foods Limited (GST AAR Telangana) - In re Agro Tech Foods Limited (GST AAR Telangana) What would be the correct HSN classification and consequently rate of GST applicable on ‘Ready to Eat’ popcorn sold in retail packages? HSN classification is ‘1904’ and the rate of tax is 9% SGST & CGST each. FULL TEXT OF ORDER OF AUTHORI...

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HC allows Refund of IGST lying in Electronic Credit Ledger

IPCA Laboratories Ltd. Vs Commissioner (Gujarat High Court) - Writ applicant could be said to be entitled to claim the refund of the IGST lying in the Electronic Credit Ledger as there is no specific supplier who can claim the refund under the provisions of the CGST Act and the CGST Rules as Input Tax Credit is distributed by the input service distributor....

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Clarification on refund of GST wrongfully collected & paid

Letter No. GST/2021-22/36/Commercial Tax - (20/04/2022) - Refund under section 77 of the UPSGST Act / section: 19 of the IGST Act would not be available where the taxpayer has made tax adjustment through issuance of Credit note under section 34 of the UPSGST Act in respect of the said transaction'...

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Notification No. 02/2022-Integrated Tax (Rate), Dated: 31.03.2022

Notification No. 02/2022-Integrated Tax (Rate), [G.S.R. 239(E).] - (31/03/2022) - Notification No. 02/2022-Integrated Tax (Rate), Dated: 31.03.2022 -Seeks to provide for a concessional rate on inter state supply of bricks conditional to not availing the ITC , as recommended by 45th GST Council Meeting. MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 31st March, 2022 No...

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Notification No. 01/2022-Integrated Tax (Rate), Dated: 31.03.2022

Notification  No. 01/2022-Integrated Tax (Rate), [G.S.R. 238(E).] - (31/03/2022) - Notification No. 01/2022-Integrated Tax (Rate), Dated: 31.03.2022 – Seeks to amend notification No. 1/2017-Integrated Tax (Rate)  MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 31st March, 2022 Notification No. 01/2022-Integrated Tax (Rate) G.S.R. 238(E).—In exercise of the powe...

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CBIC amends Notification related to IGST Rate on Services wef 01.01.2022

Notification No. 22/2021-Integrated Tax (Rate) [G.S.R. 924(E).] - (31/12/2021) - 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 Notificati...

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IGST Rate on Footwear Increased WEF 01st January 2022

Notification No. 21/2021-Integrated Tax (Rate) [G.S.R. 921(E).] - (31/12/2021) - 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 va...

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Recent Posts in "IGST"

Refund for Zero Rated Supply to SEZ unit/Developer without GST payment

As per Section 16(1) of the IGST Act 2017, the Supplies to SEZ are treated as zero-rated supply thereby the supplier supplying goods or services cannot charge GST to SEZ....

Read More
Posted Under: DGFT |

Madras High Court- Allowed refund of unutilized ITC for zero-rated supplies effected by an SEZ unit

Hon’ble High court in the instant case held that there is no merit in the impugned order passed by the authorities denying the benefit of refund of unutilized input tax credit of zero rated supplies effected by the petitioner. Hence, the petition has been allowed together with consequential relief and above observations....

Read More
Posted Under: DGFT |

Refund of accumulated IGST – Zero Rated Supply

ATC Tires Private Limited Vs Joint Commissioner of GST & Central Excise (Appeals) (Madras High Court)

ATC Tires Private Limited Vs Joint Commissioner of GST & Central Excise (Appeals) (Madras High Court) The purpose of granting refund on zero rated supply is to ensure that the exports are competitive in the international market and such transactions are not burdened with taxes. The export by the petitioner from its SEZ unit in [&helli...

Read More

Implication of GST on Social Media/Instagram Influencers

Social Media, an evolution of the 21st Century has given rise to many career options, one such is being an, “Influencer” especially on Instagram. Generally, as the social media followers increases on Instagram, the income earned by them through this also increases. But how do they earn? Influencers on Instagram in India earn through m...

Read More
Posted Under: DGFT | ,

Clarification on refund of GST wrongfully collected & paid

Letter No. GST/2021-22/36/Commercial Tax 20/04/2022

Refund under section 77 of the UPSGST Act / section: 19 of the IGST Act would not be available where the taxpayer has made tax adjustment through issuance of Credit note under section 34 of the UPSGST Act in respect of the said transaction'...

Read More

Notification No. 02/2022-Integrated Tax (Rate), Dated: 31.03.2022

Notification No. 02/2022-Integrated Tax (Rate), [G.S.R. 239(E).] 31/03/2022

Notification No. 02/2022-Integrated Tax (Rate), Dated: 31.03.2022 -Seeks to provide for a concessional rate on inter state supply of bricks conditional to not availing the ITC , as recommended by 45th GST Council Meeting. MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 31st March, 2022 Notification No. 02/2022-Integrated Tax (R...

Read More

Notification No. 01/2022-Integrated Tax (Rate), Dated: 31.03.2022

Notification  No. 01/2022-Integrated Tax (Rate), [G.S.R. 238(E).] 31/03/2022

Notification No. 01/2022-Integrated Tax (Rate), Dated: 31.03.2022 – Seeks to amend notification No. 1/2017-Integrated Tax (Rate)  MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 31st March, 2022 Notification No. 01/2022-Integrated Tax (Rate) G.S.R. 238(E).—In exercise of the powers conferred by sub-section (1) of secti...

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AAR Telangana cannot give ruling in respect of Supply in Maharashtra

In re Rajasekhar Reddy Tummuru (GST AAR Telangana)

In re Rajasekhar Reddy Tummuru (GST AAR Telangana) Questions raised: Whether the person registered in the State of Telangana who is in possession of an immovable property in the State of Maharashtra is required to be registered in the State of Maharashtra for provision of service related to Renting of Immovable property? Held by AAR Tela...

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Value of supply includes interest or late fee or penalty for delayed payment

In re Hyderabad Metropolitan Water Supply And Sewerage Board (GST AAR Telangana)

In re Hyderabad Metropolitan Water Supply And Sewerage Board (GST AAR Telangana) The applicant M/s. Hyderabad Metropolitan Water Supply and Sewerage Board is making payments to the contractors in equated yearly installment manner where in such equated yearly installment consists of both principal amount and interest on such delayed paymen...

Read More

18% GST payable on ‘Ready to Eat’ popcorn sold in retail packages

In re Agro Tech Foods Limited (GST AAR Telangana)

In re Agro Tech Foods Limited (GST AAR Telangana) What would be the correct HSN classification and consequently rate of GST applicable on ‘Ready to Eat’ popcorn sold in retail packages? HSN classification is ‘1904’ and the rate of tax is 9% SGST & CGST each. FULL TEXT OF ORDER OF AUTHORITY OF ADVANCE RULING, […]...

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