Goods and Services Tax

Services by way of conducting religious ceremonies by hiring various Pundits / Brahmins for the welfare of the people through its own website – GST on commission which the Applicant receives from pundits/website users or on the booking value rec

Goods and Services Tax – Services by way of conducting religious ceremonies by hiring various Pundits / Brahmins for the welfare of the people through its own website – GST on commission which the App = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source = = = =…

Levy of GST – The applicant shall charge GST on the consultancy services rendered to Municipal Corporation of Grater Mumbai (MCGM) for an upcoming project of establishment & development of textile museum in Mumbai.

Goods and Services Tax – Levy of GST – The applicant shall charge GST on the consultancy services rendered to Municipal Corporation of Grater Mumbai (MCGM) for an upcoming project of establishment & d = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source = = = = =…

Levy of GST – Reimbursement of salary on behalf of foreign entity – pure agent – The applicant will not be liable to pay GST on Salary amount received from RMS and disbursed to the Crew.

Goods and Services Tax – Levy of GST – Reimbursement of salary on behalf of foreign entity – pure agent – The applicant will not be liable to pay GST on Salary amount received from RMS and disbursed to the Crew. – TMI Updates – Highlights = = = = = = = = Plain…

Classification of goods – Rates of GST – Unleavened Flatbreads – Leavened Flatbreads – Corn Chips, Corn Taco and Corn Taco Strips – Pancakes – Pizza Base – Certain goods are eligible for exemption – Other are liable to GST @5% or 18% as the case

Goods and Services Tax – Classification of goods – Rates of GST – Unleavened Flatbreads – Leavened Flatbreads – Corn Chips, Corn Taco and Corn Taco Strips – Pancakes – Pizza Base – Certain goods are e = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source = =…

Liability w.r.t. JDA entered prior to GST

Goods and Services Tax – GST – By: – Shilpi Jain – Dated:- 18-12-2018 – Joint development agreement (JDA) is an agreement entered between the landowner and the developer wherein the landowner would provide the right to the developer to develop the land, in return for construction services to be provided by the developer.The developer…

Classification of services – Rate of GST – MEP activities (Mechanical, Electrical & Plumbing Works) undertaken by the applicant falls within the definition of composite supply of works contract as defined under Section 2(119) of CGST Act.

Goods and Services Tax – Classification of services – Rate of GST – MEP activities (Mechanical, Electrical & Plumbing Works) undertaken by the applicant falls within the definition of composite supply = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source = = = = = = = =

Levy of CGST/MGST/IGST – fixed fee received – brewing / manufacturing, packing and supply of Products i.e. alcoholic liquor for human consumption – Supply of beer per se is not taxable under GST. What is taxable in the subject case is the job wo

Goods and Services Tax – Levy of CGST/MGST/IGST – fixed fee received – brewing / manufacturing, packing and supply of Products i.e. alcoholic liquor for human consumption – Supply of beer per se is no = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source = = = =…

Seeks to partially mend notification No. 37/2017-Customs dated 30.06.2017 in order to exempt BCD and IGST for imports by NTRO.

Customs – 81/2018-Customs – Dated:- 17-12-2018 – GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 81/2018-Customs New Delhi, the 17th December, 2018 G.S.R. 1214(E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, hereby makes the following amendments…

Interest on late filing of GST Returns

Goods and Services Tax – Started By: – Ravikumar Doddi – Dated:- 15-12-2018 Last Replied Date:- 15-12-2018 – Dear sir, Kindly clarify that interest on late filing of returns is it on gross payable or net payable ( after deducting ITC), Section 50 says liable to pay tax. Any how if there is no ITC…

Supply of service or not – direct transfer of BP business to MSPL and PM business to MPMPL – slump sale – related parties or not – input tax credit – notional consideration (percentage of the business transfer value) – Transaction is liable to G

Goods and Services Tax – Supply of service or not – direct transfer of BP business to MSPL and PM business to MPMPL – slump sale – related parties or not – input tax credit – notional consideration (p = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source…

Valuation – inclusion of amortized value of the tool received on FOC basis from the customer in assessable value – CBEC circular No. 47/21/2018 – The amortized value of the tool received on FOC basis from the customer is not required to be inclu

Goods and Services Tax – Valuation – inclusion of amortized value of the tool received on FOC basis from the customer in assessable value – CBEC circular No. 47/21/2018 – The amortized value of the to = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source = = =…

Goods and Services Tax Collections

Goods and Services Tax – GST – Dated:- 14-12-2018 – The month-wise gross collection of Central Goods and Services Tax (CGST), State Goods and Services Tax (SGST), Integrated Goods and Services Tax (IGST) and Cess for FY 2017-18 and FY 2018-19 are as under: Month GST collection (in Rs. Crore) 2017-18 2018-19 April – 1,03,459…

Goods and Services Tax (GST) evasion

Goods and Services Tax – GST – Dated:- 14-12-2018 – During the current financial year (between April 2018 to November 2018) 3196 cases involving an amount of ₹ 12766.85 Crore have been identified. Suspected GST Evasion amounting to ₹ 12766.85 has come to the light till the month of November, 2018. An amount of ₹…

360 degree analysis of Rule 43 of GST

Goods and Services Tax – GST – By: – Shashank Gupta – Dated:- 14-12-2018 – Determination and apportionment of input tax credit in respect of capital goods (Critical analysis of Rule 43 of Central Goods and Services Tax Rules, 2017) Input tax credit (the ITC) is the backbone of GST. In GST law as prevalent…

McDonald’s: Fast Food, Fast Profits  (Part-2)

Goods and Services Tax – GST – By: – Dr. Sanjiv Agarwal – Dated:- 14-12-2018 – Company s Stand The company challenged the complaint on facts as well as legal grounds that the provisions of section 171 itself were illegal and unconstitutional which inter alia include, DGAP has conceded in his Report that the company…

Levy of GST – electronic commerce operator or not – money paid by the customer directly to the driver of the cab for the service of the trip – The applicant is liable to tax (GST) on the amounts billed by him on behalf of the taxi operators – Or

Goods and Services Tax – Levy of GST – electronic commerce operator or not – money paid by the customer directly to the driver of the cab for the service of the trip – The applicant is liable to tax ( = = = = = = = = Plain text (Extract) onlyFor full text:-Visit…

Profiteering – purchase of flats – The Respondent is not being asked to extend this benefit out of his own account and he is only liable to pass on the benefit of ITC to which he has become entitled by virtue of the grant of ITC on the Construct

Goods and Services Tax – Profiteering – purchase of flats – The Respondent is not being asked to extend this benefit out of his own account and he is only liable to pass on the benefit of ITC to which = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the…

wrong composition

Goods and Services Tax – Started By: – jeeshan ali – Dated:- 14-12-2018 Last Replied Date:- 14-12-2018 – one of my client has switched from regular to composition w.e.f. 1/8/2017 by filing CMP 02 while his CA has not filed ITC 03 and his composition levy was invalid because of his aggregate turnover of the…

Meaning of course or furtherance of business

Goods and Services Tax – Started By: – deepak gulati – Dated:- 13-12-2018 Last Replied Date:- 14-12-2018 – Dear All, As per sec. 7 of CGST Act, supply includes all forms of supply of goods or services, etc. made for consideration by a person in the course or furtherance of business. I was wondering what…

Agricultural Produce or not? – Nature of warehoused goods – tea produce – The products stored in the warehouse of the appellant are not the agricultural produce – the supply of warehouse services used for packing & storage of tea is not eligible

Goods and Services Tax – Agricultural Produce or not? – Nature of warehoused goods – tea produce – The products stored in the warehouse of the appellant are not the agricultural produce – the supply o = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source = = =…