Goods and Services Tax

ITC on GST paid on Life Insurance Premium?

Goods and Services Tax – Started By: – gvenugopal g – Dated:- 10-2-2018 Last Replied Date:- 10-2-2018 – Sirs,GST @1.80% on premium paid for life insurance policy of proprietor (Proprietary Concern) , can ITC be availed? – Reply By Alkesh Jani – The Reply = Sir, you cannot claim ITC in this regards, it is…

Seizure order – Section 129(1) of the Uttar Pradesh Goods and Services Tax Act, 2017 – in the matter of seizure under the provisions of IGST Act the provisions of Central G.S.T. Act such as Section 129 would apply mutatis mutandis – the impugned

Goods and Services Tax – Seizure order – Section 129(1) of the Uttar Pradesh Goods and Services Tax Act, 2017 – in the matter of seizure under the provisions of IGST Act the provisions of Central G.S. = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source = =…

Applicability of IGST on Sale of Warehoused Goods

Goods and Services Tax – GST – By: – CASanjay Kumawat – Dated:- 10-2-2018 – Introduction The facility of warehousing of imported goods in Customs Bonded Warehouses, without payment of Customs duty otherwise leviable on import, is permitted under the Customs Act, 1962. Apart from specific provisions in the said Act (specially under Chapter IX),…

GST RATE FOR GOVERNMENT CONTRACTOR

Goods and Services Tax – Started By: – JAJU BANSAL – Dated:- 9-2-2018 Last Replied Date:- 9-2-2018 – My client is a government contractor. He is involved in contracts with NBCC/NPCC.Advise me about the rate to be charged from such unit. – Reply By Alkesh Jani – The Reply = Sir, in terms of Section…

Mohit Minerals Pvt Ltd Versus Union of India

2018 (2) TMI 770 – GUJARAT HIGH COURT – TMI – Levy GST on ocean freight whereas the value of import goods includes Ocean Freight. – Vires of N/N. 8/2017-Integrated Tax [Rate] dated 28th June 2017 and Entry 10 of the N/N. 10/2017-Integrated Tax [Rate] also dated 28th June 2017 – petitioner's grievance is that…

Proper officer under sections 73 and 74 of the Central Goods and Services Tax Act, 2017 and under the Integrated Goods and Services Tax Act, 2017–reg.

Goods and Services Tax – 31/05/2018 – Dated:- 9-2-2018 – Circular No. 31/05/2018 – GST F. No. 349/75/2017-GST Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs GST Policy Wing *** New Delhi, 9th February 2018 To, The Principal Chief Commissioners/Chief Commissioners/Principal Commissioners/ Commissioners of Central Tax / Commissioners…

Labour contractor

Goods and Services Tax – Started By: – Vidhya Lingam – Dated:- 8-2-2018 Last Replied Date:- 9-2-2018 – Respected sir, i have an GST no. Today i here no GST for labour contractor i am as a labour contractor in sugar mill – Reply By KASTURI SETHI – The Reply = Your service falls under…

ITC ELEGIBILITY ON FOOD BILLS OF DIFFERENT TYPES.

Goods and Services Tax – Started By: – SAFETAB LIFESCIENCE – Dated:- 8-2-2018 Last Replied Date:- 9-2-2018 – Dear Experts, Our company is in Pondicherry. Our staff submitting Food Bills consumed by them during their official visits to local and other states. 1. Local bills with CGST+SGST.2. Other state bills with IGST3. Other state bills…

MULTIPLE REGISTRATION OF PROPRIETORY CONCERN

Goods and Services Tax – Started By: – SURYAKANT MITHBAVKAR – Dated:- 8-2-2018 Last Replied Date:- 10-2-2018 – We have proprietory concern which is registered under GST Act and obtained GST Number.We have started new proprietory concern under same proprietor now we have to register the same.How we will get register the new firm whether…

GST Council recommends granting relief from GST on services provided by the Resident Welfare Associations (RWAs) to their Members

Goods and Services Tax – GST – Dated:- 7-2-2018 – GST Council recommends granting relief from GST on services provided by the Resident Welfare Associations (RWAs) to their Members Threshold Exemption Limit under GST for monthly contributions made by members for services provided by RWAs raised from ₹ 5,000 to ₹ 7,500 per month per…

Relief for MSME Borrowers registered under Goods and Services Tax (GST)

RBI – RBI/2017-18/129 DBR.No.BP.BC.100/21.04.048/2017-18 – Dated:- 7-2-2018 – RBI/2017-18/129 DBR.No.BP.BC.100/21.04.048/2017-18 February 07, 2018 All banks and NBFCs regulated by the Reserve Bank of India Madam / Dear Sir, Relief for MSME Borrowers registered under Goods and Services Tax (GST) Presently, banks and NBFCs in India generally classify a loan account as Non-Performing Asset (NPA) based…

Refund of GST paid against supply to SEZ units

Goods and Services Tax – Started By: – MohanLal tiwari – Dated:- 6-2-2018 Last Replied Date:- 8-2-2018 – Dear Experts,We have supplied goods during July'17 to SEZ unit on payment of applicable IGST, our SEZ customer had initially paid the IGST charged in bill but later on recovered asking to claim refund.Kindly advise procedure with…

RCM & FCM METHOD FOR TRANSPORTER

Goods and Services Tax – Started By: – MANAV KEDIA – Dated:- 6-2-2018 Last Replied Date:- 6-2-2018 – CAN A TRANSPORTER REGISTERED IN DIFFERENT STATES OPT FOR FCM IN ONE STATE AND RCM IN ANOTHER STATE and WHAT WILL BE THE PROCEDURE TO TAKE INPUT TAX CREDIT ? – Reply By Ganeshan Kalyani – The…