Goods and Services Tax

gst credit eligibility

Goods and Services Tax – Started By: – Ramakrishnan Seshadri – Dated:- 21-10-2018 Last Replied Date:- 21-10-2018 – Dear experts,We are the manufacturer of automobile parts and supplying to our OEM customer.We had doubt. We have developed a new supplier outside the state and he supplied the parts. He cleared the goods and book the…

The applicant is liable to pay GST on the sale of commercial built-up area which is under construction, as the same is a ‘supply of service’ under clause 5(b) of Schedule Il of the CGST Act, 2017. – GST is leviable even if part of the considerat

Goods and Services Tax – The applicant is liable to pay GST on the sale of commercial built-up area which is under construction, as the same is a ‘supply of service’ under clause 5(b) of Schedule Il o = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source =…

Rate of tax – Electrical Wiring Harness – The Electrical Wiring Harness manufactured by the Applicant falls under the HSN tariff item No. 85443000 – from 15.11.2()17, the rate of GST reduced from 28% to 18%

Goods and Services Tax – Rate of tax – Electrical Wiring Harness – The Electrical Wiring Harness manufactured by the Applicant falls under the HSN tariff item No. 85443000 – from 15.11.2()17, the rate = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source = = = = =…

Input tax credit – CGST & SGST charged in respect of brokerage services for renting of immovable property – credit is allowed on brokerage services and allowed to be adjust the same against output tax payable against Renting of immovable propert

Goods and Services Tax – Input tax credit – CGST & SGST charged in respect of brokerage services for renting of immovable property – credit is allowed on brokerage services and allowed to be adjust th = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source = = =…

Classification of goods – rate of tax – Agricultural Seedling Trays – cannot be classified as parts or accessories of agricultural machinery – Agricultural Seedling Trays made of Plastic manufactured by the Applicant are classifiable under CTH 3

Goods and Services Tax – Classification of goods – rate of tax – Agricultural Seedling Trays – cannot be classified as parts or accessories of agricultural machinery – Agricultural Seedling Trays made = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source = = = = = = =…

The Event Management support services provided in Goa to a registered person in Maharashtra is governed u/s 12(7)(i) of the IGST Act – Same should be treated as interstate supply of services and IGST @ 18% is applicable.

Goods and Services Tax – The Event Management support services provided in Goa to a registered person in Maharashtra is governed u/s 12(7)(i) of the IGST Act – Same should be treated as interstate sup = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source = = = =…

The contract for Erection, Procurement and Commissioning of Solar Power Plant falls under the ambit “Works Contract Services” (SAC 9954) and attracts 18% rate of tax under IGST Act, or 9% each under the CGST and SGST Acts.

Goods and Services Tax – The contract for Erection, Procurement and Commissioning of Solar Power Plant falls under the ambit “Works Contract Services” (SAC 9954) and attracts 18% rate of tax under IGS = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source = = = = = =…

Classification of goods – rate of GST – Quartz powder obtained by crushing Quartz stones falls under HSN code 2806 and would attract 5% rate of tax under GST (2.5% CGST + 2.5% SGST)

Goods and Services Tax – Classification of goods – rate of GST – Quartz powder obtained by crushing Quartz stones falls under HSN code 2806 and would attract 5% rate of tax under GST (2.5% CGST + 2.5% SGST) – TMI Updates – Highlights = = = = = = = = Plain text (Extract)…

Classification of supply – supply of goods or not? – job-work or not? – The Activity of building and mounting of the body on the chassis provided by the principal under FOC challan will result in supply of services under HSN 9988 and hence, shou

Goods and Services Tax – Classification of supply – supply of goods or not? – job-work or not? – The Activity of building and mounting of the body on the chassis provided by the principal under FOC ch = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source =…

Service Tax audit of a private agency after migration to GST – Rule 5A of the Service Tax Rules, 1994 – There was no saving of Rule 5A in such manner that fresh proceedings for audit could be initiated in exercise of powers under the said Rule.

Service Tax – Service Tax audit of a private agency after migration to GST – Rule 5A of the Service Tax Rules, 1994 – There was no saving of Rule 5A in such manner that fresh proceedings for audit cou = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the…

E- way bill/ Invoice/ challan

Goods and Services Tax – Started By: – Bhanwarlal Sharma – Dated:- 18-10-2018 Last Replied Date:- 20-10-2018 – who should issue E-way bill when the supply from job work place to customer ??Either principal or registered Job worker will generate E-way bill for supply?? – Reply By Ganeshan Kalyani – The Reply = Here, job…

Service Tax audit of a private agency by CAG after migration to GST – We have serious doubts whether, with the aid of Rule 5A of the Service Tax Rules, 1994, the CAG can carry out compulsory Service Tax audit of private agencies like the petitio

Service Tax – Service Tax audit of a private agency by CAG after migration to GST – We have serious doubts whether, with the aid of Rule 5A of the Service Tax Rules, 1994, the CAG can carry out compul = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the…

Input tax credit – As the deadline for completing this form and availing the credit is 20.10.2018, the respondents are hereby directed to permit the petitioners to fill the GSTR-3 form manually in a manner, as to permit it to claim a credit, sub

Goods and Services Tax – Input tax credit – As the deadline for completing this form and availing the credit is 20.10.2018, the respondents are hereby directed to permit the petitioners to fill the GS = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source = = = =…

GST returns FY 17-18- omissions

Goods and Services Tax – Started By: – mathur ramachandran – Dated:- 18-10-2018 Last Replied Date:- 20-10-2018 – My client has raised supply invoices in the previous FY 17-18 – but his part-time accountant omitted to enter the values/particulars in GSTR 3B / 1 – But they have paid the tax due in relation thereto…

Regarding RCM

Goods and Services Tax – Started By: – Prateek Agrawal – Dated:- 17-10-2018 Last Replied Date:- 20-10-2018 – WHETHER RCM is applicable on LAND DIVERSION FEE PAID TO GOVERNMENT BY THE BUSINESS ENTITY Under Section 9(3) of CGST Act ? – Reply By Rajagopalan Ranganathan – The Reply = Sir, According to Sl. No. 5…

GST returns FY 17-18- omissions

Goods and Services Tax – Started By: – mathur ramachandran – Dated:- 17-10-2018 Last Replied Date:- 20-10-2018 – My client has raised supply invoices in the previous FY 17-18 – but his part-time accountant omitted to enter the values/particulars in GSTR 3B / 1 – But they have paid the tax due in relation thereto…

Levy of GST on Lottery – is differential levy of tax permissible? – It was after extensive deliberations that, the GST Council had approved the rates as presently obtaining in respect of lottery. It is within the domain of such Council to decide

Goods and Services Tax – Levy of GST on Lottery – is differential levy of tax permissible? – It was after extensive deliberations that, the GST Council had approved the rates as presently obtaining in = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source = = = =…

Constitutional validity of levy of GST on Lottery – a lottery is an ‘actionable claim’ and goods or moveable property. – lottery can be taxed under the Central Goods and Services Tax Act as well as the West Bengal Goods and Services Tax Act, 201

Goods and Services Tax – Constitutional validity of levy of GST on Lottery – a lottery is an ‘actionable claim’ and goods or moveable property. – lottery can be taxed under the Central Goods and Servi = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source = = =…

Validity of demand of service tax after migration to GST Regime – although Chapter V of the Finance Act of 1994 stood omitted u/s 173 of GST Act, but the savings clause provided u/s 174(2)(e) will enable the continuation of the investigation, en

Service Tax – Validity of demand of service tax after migration to GST Regime – although Chapter V of the Finance Act of 1994 stood omitted u/s 173 of GST Act, but the savings clause provided u/s 174( = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source =…

Query on Refund of IGST on export of services

Goods and Services Tax – Started By: – Archna Gupta – Dated:- 16-10-2018 Last Replied Date:- 18-10-2018 – Dear SirPlease reply to the query specified below:According to the new release on GST portal we can file application for refund for multiple tax periods and the facility to upload Statement 1 in case of export of…

MAINTAINABILITY OF ADVANCE RULING APPLICATIONS

Goods and Services Tax – GST – By: – Mr. M. GOVINDARAJAN – Dated:- 16-10-2018 – An application for Advance Ruling is to be filed in Form GST ARA -1. The application shall be made on the common portal. A fee of ₹ 5000/- is to be deposited for filing Advance Ruling. The fee shall be…