All GST Circulars issued by Central Government on Central Goods and Service Tax (CGST)
Read Circular No. 197/09/2023-GST from CBIC providing clarification on various issues related to GST refunds. Understand the clarifications on refund of accumulated input tax credit, requirements of undertaking in FORM RFD 01, calculation of adjusted total turnover, and admissibility of refunds for exporters complying with sub-rule (1) of rule 96A
Taxability of Shares in Subsidiary Company: CBIC Circular 196/08/2023-GST” SEO Meta Description: “Read Circular No. 196/08/2023-GST from CBIC clarifying the taxability of shares held by a holding company in a subsidiary company under GST. Understand whether holding shares constitutes a supply of service and attracts GST or if it is exempt. Ensure compliance with the provisions of the CGST Act.
Read Circular No. 195/07/2023-GST from CBIC clarifying the availability of Input Tax Credit (ITC) for warranty replacement of parts and repair services. Understand GST liability and ITC reversal requirements in warranty scenarios. Ensure compliance with the provisions of the CGST Act.
Read Circular No. 194/06/2023-GST from CBIC clarifying TCS liability under Section 52 of the CGST Act in cases of multiple E-commerce Operators (ECOs) in one transaction. Understand the responsibilities of the buyer-side ECO and seller-side ECO in different scenarios. Ensure compliance with section 52 of the CGST Act.
Read Circular No. 193/05/2023-GST from CBIC regarding the clarification on availing Input Tax Credit (ITC) in GSTR-3B and GSTR-2A for the period 01.04.2019 to 31.12.2021. Understand the guidelines and conditions for dealing with discrepancies and the eligibility of ITC based on rule 36(4) of CGST Rules
CBIC Circular No. 192/04/2023-GST provides clarification on charging interest for wrong availment of IGST credit and its reversal under section 50(3) of the CGST Act, 2017. The circular addresses the utilization of wrongly availed IGST credit for interest calculation and the exclusion of compensation cess credit.
Clarification regarding GST rate & classification of ‘Rab’ based on recommendation of GST Council 49th meeting held on 18th February, 2023
CBIC clarifies vide Circular No. 190/02/2023- GST Dated 13th January, 2023 on Applicability of GST on accommodation services supplied by Air Force Mess to its personnel and Applicability of GST on incentive paid by Ministry of Electronics and Information Technology (MeitY) to acquiring banks under Incentive scheme for promotion of RuPay Debit Cards and low […]
CBIC issue Circular No. 189/01/2023-GST Dated: 13th January, 2023 and clarifies on classification of Rab, Applicability of GST on by-products of milling of Dal/ Pulses such as Chilka, Khanda and Churi/Chuni, classification of ‘Carbonated Beverages of Fruit Drink’ or ‘Carbonated Beverages with Fruit Juice’, Applicability of GST on Snack pellets manufactured through extrusion process (such […]
CBIC Prescribes manner of filing an application for GST refund by unregistered persons vide Circular No. 188/20/2022-GST Dated 27th December, 2022. Circular No. 188/20/2022-GST Dated 27th December, 2022 F. No. CBIC-20001/2/2022 – GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs GST Policy Wing New Delhi ***** […]
