Prior to amendment w.e.f. 18.07.2022, if a person has given his residential property to any person for residential purpose (other than Commercial Purpose) is exempted from GST.
GST Liability on pre-package and labelled commodity has been matter of serious debate among trade and professional circles in last few weeks. In this article I share some of my thoughts on pros and cons on this new imposition of tax.
Recently, GST council in its 47th Council meeting has recommended for rate increase to 18% for all Government works which was followed by issuance of Notification No. 03/2022-C.T (R) dated 13.07.2022.
Attention tenants! New GST rules on Renting of Residential Property effective from 18th July 2022. Understand Reverse Charge Mechanism (RCM) and your responsibilities. Registered tenants face an 18% GST on rent. Stay informed!
Discover the latest GST changes effective from 18th July 2022 through Notification No.6/2022 Central Tax (Rate) dated 13th July 2022. CBIC has revamped rates, aiming to eliminate the inverted duty structure and tax previously exempted goods. Notably, pre-packaged and labelled goods are now taxable. Explore the conditions defining ‘pre-packaged and labelled’ and stay informed on the impacts of these changes.
Explore the Supreme Courts verdict in the case of Commissioner of Customs, Central Excise & Service Tax, Bangalore vs Northern Operating Systems Private Limited regarding Service Tax on secondment services of overseas group company employees. Gain insights into the analysis, issues, and the court’s conclusion.
The classification of disc-pads under GST Laws runs is contentious because it appears that disc-pads are covered by two distinct ITC HS Codes.
According to Section 6 of the code enacted by the Advertising Standards Council of India (ASCII), advertisements for products that are prohibited or subject to restrictions may not be reworded to make them appear to be advertisements for legal or permitted products.
Many taxpayers were not reporting such details correctly in the Form GSTR-3B and the address of the customers in such transactions was not being correctly captured by the taxpayer in tax invoices
Stay updated on GST changes effective July 18, 2022, including revised rates for Works Contract Services. Explore amendments to Reverse Charge Mechanism (RCM) on GTA services and residential dwelling units. Get insights on GST rates, compliance requirements, and the impact of recent notifications. Stay GST-compliant and informed.
