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 : Delve into the legislation and analysis surrounding the availability of Input Tax Credit (ITC) of IGST with insights into statutor...
Goods and Services Tax : Explore the implications of GST on hotels & restaurants in India. Detailed analysis of rate changes, billing procedures, and indus...
Goods and Services Tax : With the financial year 2023-24 approaching its end, ensuring compliance with the GST regulations is crucial. To navigate this pro...
Goods and Services Tax : Explore the impact of Integrated Goods and Services Tax (IGST) on imported goods in India, comparing pre- and post-GST scenarios f...
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 : Madras High Court quashes GST demand against Tvl. Urayur Cotton Company due to failure to consider the petitioner's reply on circu...
Goods and Services Tax : Calcutta HC rules IGST credit wrongly claimed instead of CGST and SGST need not be reversed. Key details on the Cosyn Limited case...
Goods and Services Tax : Read how Kerala HC granted interim exemption to a mother for importing medicine for her child suffering from SMA, exempting her fr...
Goods and Services Tax : Allahabad High Court raps GST Dept for inconsistent approach towards unutilized ITC refund claims, grants relief to Samsung India ...
Service Tax : Bombay High Court rules in favor of Sanathan Textile Pvt Ltd, stating no service tax is liable on ocean freight. Read the detailed...
Goods and Services Tax : Learn how exporters can claim refund of additional IGST paid due to price increases post-export. Details on application process an...
Goods and Services Tax : Ministry of Finance amends IGST rates for railway services. Notification No. 04/2024 details tax exemptions for various services. ...
Goods and Services Tax : Explore the key amendments in Notification No. 03/2024-Integrated Tax (Rate), effective from 15th July 2024, focusing on agricultu...
Goods and Services Tax : CBIC's Notification No. 02/2024 reduces GST rates on cartons, milk cans, and solar cookers from 18% to 12%. Effective from 15th Ju...
Custom Duty : Explore the latest changes under Notification No. 28/2024-Customs issued by the Ministry of Finance, impacting customs duties and ...
Doubts have been raised regarding the restrictions of refund of unutilized input tax credit of GST paid on inputs to manufacturer exporters of fabrics [falling under chapters 50 to 55 and 60 and headings 5608, 5801, 5806] under GST.
Q1. Whether a member in practice can engage as GST practitioner? A. Yes, a member in practice can engage as GST practitioner , as the activities to be performed by GST practitioner mentioned in CGST Act, 2017 read with CGST Rules, 2017 are within the purview of a member in practice as per the provisions of Chartered Accountants Act, 1949 and Regulations framed thereunder.
The 23rd GST Council meeting held at Guwahati, Assam has proposed many changes in the structure of GST, the legal nod to which was provided through a slew of notifications issued on 14th and 15th November 2017 has made many changes to improve, on 14th and 15th November 2017. A gist of the newly released Notifications issued as on 15th November 2017 has been provided below.
CBEC issued 17 more Notification/ Circulars or Orders on 15th November 2017 to give effect to various decisions taken by it in 23rd GST Council meeting and to clarify Procedure for Manual filing & processing of GST refund claims, Apportionment of IGST with respect to advertisement services,GST on warehousing of agricultural produce, General Insurance & […]
The proportion of value attributable to different States or Union territories, in the case of supply of advertisement services to the Central Government, a State Government, a statutory body or a local authority. under sub section (14) of section 12 of the Integrated Goods and Services Tax Act, 2017, in the absence of any contract between the supplier of service and recipient of services, shall be determined in the following manner namely:-
CBEC has issued 22 Notifications related to IGST, CGST, and UTGST dated: 14/11/2017 which are effective from 15th November 2017 on the Midnight of 14th November 2017 as per its tradition of doing everything last minute. Notifications were hosted on CBEC websites around 23.15 or after on 14th November or on 15th November. So CBEC issues notification […]
Seeks to amend notification No. 30/2017-Integrated Tax (Rate) dated 22.09.2017, so as to extend the benefit of IGST exemption, applicable in relation to supply of Skimmed milk powder, or concentrated milk for use in the production of milk distributed through dairy co-operatives to the companies that are registered under the Companies Act, 2013 also.
IGST exemption to admission to protected monument and to consolidate entry at Sl. No. 12A & 12B vide Notification No. 49/2017- Integrated Tax (Rate)
Seeks to amend notification No. 8/2017-IT(R) so as to specify rate @5% for standalone restaurants and @18% for other restaurants, reduce rate of job work on handicraft goods @ 5% and to substitute Services provided in item (vi) against Sl No. 3 in table vide Notification No. 48/2017-Integrated Tax (Rate)
Concessional GST rate of 5% on scientific and technical equipments supplied to public funded research institutions vide Notification No. 47/2017-Integrated Tax (Rate)
