Goods and Services Tax : Omission of Rule 96(10) under Notification 20/2024-Central Tax offers relief to exporters claiming IGST refunds, easing refund pro...
Goods and Services Tax : Learn about the TDS provisions under GST for metal scrap, applicable from October 2024, covering thresholds, rates, and filing req...
Goods and Services Tax : CBIC clarifies IGST refund rules for exporters who paid taxes after availing exemptions, addressing compliance issues under Rule 9...
Goods and Services Tax : To mitigate the complexities associated with the direct correlation of inputs and input services utilized for exports, Rule 89(4) ...
Goods and Services Tax : Learn how amendments to Section 16 of IGST Act affect zero-rated supplies to SEZ units for authorized operations. Ensure complianc...
Goods and Services Tax : Explore the details of CGST, SGST, and IGST collected, IGST settlement to states, and an in-depth study on GST revenue growth. Ins...
Goods and Services Tax : Standard Operating Procedures for Monitoring Ineligible IGST Input Tax Credit Reversal by Taxpayers in Return Form GSTR 3B (SOP-1/...
Goods and Services Tax : Explore the Ministry of Finance latest report on GST revenue collection in October 2023. Discover detailed analysis, state-wise fi...
Goods and Services Tax : In July 2023, India's GST revenue collection reached ₹1,65,105 crore, marking an 11% YoY growth. Domestic transactions saw a 15%...
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...
Goods and Services Tax : Gujarat High Court allows GST refund on ocean freight paid under RCM after the relevant notification was struck down, rejecting ti...
Goods and Services Tax : Integrated Goods and Services Tax ( IGST ) on ocean freight could not be levied on Free on Board ( FOB ) transactions also as on...
Goods and Services Tax : Supreme Court admits SLP challenging Delhi High Court's ruling on adjustment of interest against IGST refund claim under Section 7...
Goods and Services Tax : Gujarat HC orders IGST refund with 6% interest in R P Exim case, setting a precedent for export-related refunds. Learn about the j...
Goods and Services Tax : Karnataka High Court directs reconsideration of Bosch Automotive input tax credit claim under GST. Case involves delayed ITC claim...
Goods and Services Tax : The Ministry of Finance issued a corrigendum to Notification No. 09/2024, clarifying any property to any immovable property....
Goods and Services Tax : The Ministry of Finance amends the Integrated Tax Rate for helicopter passenger transport, effective October 10, 2024, clarifying ...
Goods and Services Tax : The Ministry of Finance amends Integrated Tax rates on metal scrap, effective October 10, 2024, detailing reverse charge responsib...
Goods and Services Tax : Notification No. 05/2024 updates IGST rates for medicines, snack pellets, and vehicle seats. Effective from 10th October 2024....
Goods and Services Tax : IGST amendment requires registered recipients to pay tax on renting of non-residential property from unregistered persons, effecti...
Gujarat High Court allows GST refund on ocean freight paid under RCM after the relevant notification was struck down, rejecting time-barred claims.
Omission of Rule 96(10) under Notification 20/2024-Central Tax offers relief to exporters claiming IGST refunds, easing refund procedures for smoother export operations.
Integrated Goods and Services Tax ( IGST ) on ocean freight could not be levied on Free on Board ( FOB ) transactions also as once the IGST was paid on value of goods including the freight, cost and insurance, it would not make any difference between the transactions was on CIF basis or FOB basis
Learn about the TDS provisions under GST for metal scrap, applicable from October 2024, covering thresholds, rates, and filing requirements.
The Ministry of Finance issued a corrigendum to Notification No. 09/2024, clarifying any property to any immovable property.
The Ministry of Finance amends the Integrated Tax Rate for helicopter passenger transport, effective October 10, 2024, clarifying input tax credit rules.
The Ministry of Finance amends Integrated Tax rates on metal scrap, effective October 10, 2024, detailing reverse charge responsibilities.
Notification No. 05/2024 updates IGST rates for medicines, snack pellets, and vehicle seats. Effective from 10th October 2024.
IGST amendment requires registered recipients to pay tax on renting of non-residential property from unregistered persons, effective from October 10, 2024.
Ministry of Finance issues Notification No. 08/2024 amending IGST rates for services, effective October 10, 2024.
