Goods and Services Tax

Gst on exempted service tax works contract

Goods and Services Tax – Started By: – Bijay Bharat – Dated:- 17-7-2018 – Dear Sir/Madam,Our company has went into a works contract agreement with state govt which mentions specifically that all taxes are included except service tax which will be reimbursed as per actual but now after GST coming into force when we had…

Interest rates under CGST Act.

Goods and Services Tax – Started By: – Alkesh Jani – Dated:- 17-7-2018 – Sir,In terms of Section 50 (3) of CGST Act, If ITC is wrongly taken or utilized, on reversal interest @ 24% is to be paid. However, if refund is delayed for more than 60 days, interest rate @6% will be paid…

FIRST APPELLATE ORDER IN ADVANCE RULING

Goods and Services Tax – GST – By: – Dr. Sanjiv Agarwal – Dated:- 17-7-2018 – In March, 2018, Authority for Advance Ruling (AAR), Maharashtra had pronounced a ruling on job work vis-à-vis manufacture in relation to supply of goods (electricity). The advance ruling under reference is in the matter of In Re JSW Energy…

ITC ON CANTEEN

Goods and Services Tax – Started By: – SURYAKANT MITHBAVKAR – Dated:- 16-7-2018 Last Replied Date:- 17-7-2018 – We have provide CANTEEN facility to our employees free of cost.Whether we are eligible for ITC Credit on purchase of goods for CANTEEN. – Reply By SHIVKUMAR SHARMA – The Reply = No.you are not eligible for…

Tax rate for used machinery

Goods and Services Tax – Started By: – Tharini R – Dated:- 16-7-2018 Last Replied Date:- 16-7-2018 – We want to sell used plastic injection moulding machineries, kindly let me know the tax rate for the same. – Reply By Alkesh Jani – The Reply = Sir, If the said machinery is older than 5…

Clarification on taxability of custom milling of paddy – Milling of paddy is not an intermediate production process in relation to cultivation of plants. – Rate of GST is 5%

GST – States – Clarification on taxability of custom milling of paddy – Milling of paddy is not an intermediate production process in relation to cultivation of plants. – Rate of GST is 5% – TMI Updates – Highlights = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source…

GST is not leviable on General Insurance policies provided by a State Government to employees of the State government/ Police personnel, employees of Electricity Department or students of colleges/ private schools etc.

GST – States – GST is not leviable on General Insurance policies provided by a State Government to employees of the State government/ Police personnel, employees of Electricity Department or students = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source = = = = = = = =

Supply of goods or services or both between related persons or between distinct persons as specified in Section 25, when made in the course or furtherance of business, even if, without consideration, attracts GST.

GST – States – Supply of goods or services or both between related persons or between distinct persons as specified in Section 25, when made in the course or furtherance of business, even if, without = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source = = = =…

Mere cutting and packing of fabrics into pieces of different lengths from bundles or thans, will not change the nature of these goods and such pieces of fabrics would continue to be classifiable under the respective heading as the fabric and att

GST – States – Mere cutting and packing of fabrics into pieces of different lengths from bundles or thans, will not change the nature of these goods and such pieces of fabrics would continue to be cla = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source = =…

Chargeability of tax/GST – Classification of goods – support services of loading, unloading, packaging, storage or warehousing of agriculture produce – if any processing is done on these products as is not usually done by a cultivator or produce

Goods and Services Tax – Chargeability of tax/GST – Classification of goods – support services of loading, unloading, packaging, storage or warehousing of agriculture produce – if any processing is do = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source = = = = = = = =

Bio Fertilizer – rate of GST – Bio-Fertilizers, other than those put up in Unit Container and bearing a brand name will covered under Schedule I of rate of GST on Goods and would attracts NIL rate of duty and if the Bio-Fertiliser is put up in U

Goods and Services Tax – Bio Fertilizer – rate of GST – Bio-Fertilizers, other than those put up in Unit Container and bearing a brand name will covered under Schedule I of rate of GST on Goods and wo = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source…

APPELLATE AUTHORITY FOR ADVANCE RULINGS UNDER GST

Goods and Services Tax – GST – By: – Mr. M. GOVINDARAJAN – Dated:- 16-7-2018 – Appeal to Appellate Authority Section 98(4) of Central Goods and Services Act, 2017 ( Act for short) provides that where an application for advance ruling is admitted, the Authority for Advance Ruling shall, after examining such further material as may…

Land Development charges-eligible for ITC?

Goods and Services Tax – Started By: – BHAVESH JHALAWADIA – Dated:- 15-7-2018 Last Replied Date:- 17-7-2018 – Land occupied by company. Company is going to construct factory over the land. Factory is for chemical business. In order to construct the factory over the land, first land is to be properly developed Contract is given…

Place of Supply

Goods and Services Tax – Started By: – sanjeev batra – Dated:- 14-7-2018 Last Replied Date:- 15-7-2018 – 1)What would be the place of supply in case of transport of passenger on a hire bus from delhi to haryana and same day return journey from haryana to delhi on a daily basis if recipient is…

Levy of GST/NIL rate of duty – processes undertaken on agricultural produce – all other processes which are done after acquiring the stage of first marketability fall outside the scope of exemption clause pertaining to agriculture produce.

Goods and Services Tax – Levy of GST/NIL rate of duty – processes undertaken on agricultural produce – all other processes which are done after acquiring the stage of first marketability fall outside = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source = = = = = =…

Levy of GST – If the liaison office in India does not render any consultancy or other services directly/indirectly, with or without any consideration and the liaison office does not have significant commitment powers, then the reimbursement of e

Goods and Services Tax – Levy of GST – If the liaison office in India does not render any consultancy or other services directly/indirectly, with or without any consideration and the liaison office do = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source = = = = =…

Liability of GST – place of supply – determination of place of supply has been kept out of the purview of Authority for Advance Ruling (AAR) stipulated under the provisions of section 97(2) of the CGGST Act, 2017.

Goods and Services Tax – Liability of GST – place of supply – determination of place of supply has been kept out of the purview of Authority for Advance Ruling (AAR) stipulated under the provisions of = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source = = =…

Input Tax Credit (ITC) – seeking credit packaging material which is to be used in exempted supply, till they are into their stock – no ITC could be claimed on the packaging material used for the said exempted supply of seeds. Whereas, if the app

Goods and Services Tax – Input Tax Credit (ITC) – seeking credit packaging material which is to be used in exempted supply, till they are into their stock – no ITC could be claimed on the packaging ma = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source =…

GST applicabilty on Charitable Trust Educational Institution

Goods and Services Tax – Started By: – CAPurnima Bothra – Dated:- 13-7-2018 Last Replied Date:- 14-7-2018 – Request you to suggest if GST is applicable on hostel accommodation and mess facility provided to student within campus by charitable trust (but not providing charitable activities)reg u/s 12AA of income tax act.This trust is basically running…

Levy of GST – Job-work – beer – GST is payable by the Brand owner (UBL) on ‘Surplus Profit” transferred by the CBU to brand owner out of the manufacturing activity and the supply of service to the CBUs is classified under Service Code (Tariff) 9

Goods and Services Tax – Levy of GST – Job-work – beer – GST is payable by the Brand owner (UBL) on ‘Surplus Profit” transferred by the CBU to brand owner out of the manufacturing activity and the sup = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source…

IMPLEMENTATION OF E-WAY BILL

Goods and Services Tax – GST – By: – Mr. M. GOVINDARAJAN – Dated:- 13-7-2018 – Chapter XVI of the Central Goods and Services Tax Rules, 2017 provides for E-way Bill. Initially Rule 138 provides that till such time as an E-way bill system is developed and approved by the Council, the Government may, by notification,…