Goods and Services Tax

gst rate applicability on development of apartments

Goods and Services Tax – Started By: – RameshBabu Kari – Dated:- 19-2-2018 – Dear Experts,In case of real estate, land owner gives development rights to the developer/builder to develop the land owned by the landowner. The built up area of the complex/apartment shall be shared by the land owner and the builder upon an…

service tax 1.5%on Import material value(IGST ON OCEAN FREIGHT) AND Service tax credit on outwards transportation.

Service Tax – Started By: – BHAKTIKANT BHATT – Dated:- 17-2-2018 Last Replied Date:- 18-2-2018 – SIR,we are a packaging material manufacture unit.We have import our Raw Material (Plastic Granual) Now Excise EA-2000 Auditor raise a question on import Raw Material and ask us to Pay Service Tax 1.5%on Import Material CIF Value From April-2017…

Details in GSTR-1

Goods and Services Tax – Started By: – ARVIND GUPTA – Dated:- 16-2-2018 Last Replied Date:- 19-2-2018 – Dear Sir, Please guide that how can I file my GSTR-1 in the following situation, for which month GSTR-1 I will file and by what amount: 1.Invoice date: 31.12.2017 2. Invoice Amt: USD 10,000 3. Shipping Bill…

GST Payment on Reverse charge for GTA

Goods and Services Tax – Started By: – Anil Kumar – Dated:- 16-2-2018 Last Replied Date:- 19-2-2018 – Dear Sir,We are manufacturer and also do job work of distillation of solvents. All our materials supplied are through tanker and finished goods are also transported through tankers. earlier when service tax was in force we used…

Export Rebate not allowed if Drawback Claimed

Goods and Services Tax – Started By: – Praveen Nair – Dated:- 16-2-2018 Last Replied Date:- 19-2-2018 – It was brought to notice by one of the exporter that the department is not processing the IGST refund on exports if drawback is claim on such exports. Do you think this is right and under what…

COMPOUNDING OF OFFENCES UNDER GST

Goods and Services Tax – GST – By: – Dr. Sanjiv Agarwal – Dated:- 16-2-2018 – The provisions in relation to compounding of offences are provided for in section 138 of the GST Act, 2017. Rule 162 of the GST Rules, 2017 deal with procedure for compounding of offences. Meaning of Compounding Compounding has not…

Input Tax Claim against Interior Works

Goods and Services Tax – Started By: – Muraleedharan M – Dated:- 15-2-2018 Last Replied Date:- 19-2-2018 – Respected Sir,Whether we take ITC against Interior Work designing & Materials,Because, we are going to open a new office for our company. In which we are getting Invoices for Interior Consultancy, Materials, etc.,Kindly Guide me. Thanking You,…

GST NOT SO TAX FRIENDLY – COURT VERDICT

Goods and Services Tax – GST – By: – Dr. Sanjiv Agarwal – Dated:- 15-2-2018 – Goods and Services Tax, though a major tax reform launched in India w.e.f. 1st July, 2017 with a big bang has not been free from roadblocks with around 100 writs filed in various courts in country. Taxpayers are facing…

SAC code under RCM

SAC code under RCM – Goods and Services Tax – Started By: – Dinesh Biyanee – Dated:- 14-2-2018 Last Replied Date:- 15-2-2018 – what is the SAC code for Director sitting fees – Reply By Alkesh Jani – T = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source…

sbi life insurance broker reverse charge

Goods and Services Tax – Started By: – satbir singhwahi – Dated:- 14-2-2018 Last Replied Date:- 16-2-2018 – sirinsurance brokers are covered by reverse charge . Is there any change as sbi life insurance co. is asking brokers to put gst in invoice and pay. pls guide – Reply By Alkesh Jani – The Reply…

GST ON PADDY HUSK

Goods and Services Tax – Started By: – PAWANKUMAR GARG – Dated:- 13-2-2018 Last Replied Date:- 13-2-2018 – SIR,I HAVE A RICE SHELLER AND MILLED PADDY ON JOB WORK BASIS. WHEATHER PADDY HUSK LEFT WITH ME IS TAXABLE UNDER GST LAW. IF TAXABLE THEN LET ME KNOW THE ITEM CODE AND RATE OF TAX WITH…

FOC supply to customer

Goods and Services Tax – Started By: – saravanan rengachary – Dated:- 13-2-2018 Last Replied Date:- 19-2-2018 – Dear Sir,FOC supply does not attract GST as there is no consideration received.is there any restriction in availing GST input credit on the components/raw materials consumed in manufacturing such FOC supply.Saravanan. – Reply By SHIVKUMAR SHARMA –…

Levy IGST 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 – interim relief granted – HC

Goods and Services Tax – Levy IGST 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. = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source = = =…

TAXABILITY OF EXPORT TO NEPAL

Goods and Services Tax – Started By: – ROHIT GOEL – Dated:- 12-2-2018 Last Replied Date:- 18-2-2018 – Sale to Nepal and Bhutan is taxable or it will be considered as zero rated supply if payment has been realized in Indian currency . – Reply By Rajagopalan Ranganathan – The Reply = Sir,Export to Nepal…

Seizure of goods – Section 129(1) of the UP GST – Even if the seizure is treated to be under Section 129(1) of the Central G.S.T., as there was no provision of E-Way bill on the relevant date under the Central G.S.T. prima facie the seizure appe

Goods and Services Tax – Seizure of goods – Section 129(1) of the UP GST – Even if the seizure is treated to be under Section 129(1) of the Central G.S.T., as there was no provision of E-Way bill on t = = = = = = = = Plain text (Extract) onlyFor full text:-Visit…

Clarifications regarding GST in respect of certain services

Goods and Services Tax – 32/06/2018 – Dated:- 12-2-2018 – Circular No. 32/06/2018-GST F. No. 354/17/2018-TRU Government of India Ministry of Finance Department of Revenue Tax research Unit **** Room No. 146G, North Block, New Delhi, 12th February 2018 To, The Principal Chief Commissioners/ Chief Commissioners/ Principal Commissioners/ Commissioner of Central Tax (All) / The…

HSN Code for Debries

Goods and Services Tax – Started By: – Nandini Annamaneni – Dated:- 10-2-2018 Last Replied Date:- 10-2-2018 – Dear Expert,Please suggest me the HSN code for Debris Movement from office premises. – Reply By KASTURI SETHI – The Reply = In pre-GST regime, it was covered under 'Dredging Service'. To ascertain the correct HSN pl.…