Goods and Services Tax

gst rate for employee recovery

GST – Started By: – Madhavan iyengar – Dated:- 20-2-2019 Last Replied Date:- 20-2-2019 – A Company recovers from its employees ₹ 500 per month per employee towards bus transportationQuery: What = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source = = = = = = = =

GST ITC on spondorship

GST – Started By: – Madhavan iyengar – Dated:- 20-2-2019 Last Replied Date:- 20-2-2019 – In case of sponsorship fees paid by a manufacturing company to an agency for purpose of sponsor of event related to employee national awards for the rcm paid on sponsorship can credit of rcm be availed by company as eligible…

Rate of tax

Rate of tax – GST – Started By: – Abhimanyu Juneja – Dated:- 20-2-2019 Last Replied Date:- 20-2-2019 – Please tell about Rate of Tax and HSN Code of Wastage known as Gad which is wastage of oil when c = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the…

NIL RATED SUPPLY FROM SUPPLIER & NON GST SUPPLY

GST – Started By: – SURYAKANT MITHBAVKAR – Dated:- 20-2-2019 Last Replied Date:- 20-2-2019 – If we received material from unregistered dealer can we treat that Nil Rated Supply under GSTR3B. – Reply By Spudarjunan S – The Reply = Dear Sir,No. Only goods with 0% rate of tax are called Nil rated in the…

Can Customer Hod GST Amount And Pay Base Price

GST – Started By: – Prashanth Jadhav – Dated:- 20-2-2019 Last Replied Date:- 20-2-2019 – Dear Sirs/Madam,We had sold IT hardware and goods in the month of March 2018.The customer has held our GST amount and paid the base price of the product.Informing that I have to pass an Input Tax credit.Can the customer withhold…

Input Tax Credit Reversal

GST – Started By: – kodhanda Ramakrishna – Dated:- 20-2-2019 Last Replied Date:- 20-2-2019 – A Company is a manufacturing company primarily manufactures Sponge Iron, Billets and TMT Bars which are falling under chapter 72 and applicable GST rate is 18%. Each product has separate manufacturing divisions namely Sponge Iron Division, Steel Melting Shop (SMS)…

FAQs on GSTR-3B

Goods and Services Tax – GST – By: – Ganeshan Kalyani – Dated:- 20-2-2019 – What is GSTR-3B? GSTR-3B is a simplified summary return and the purpose of the return is for taxpayers to declare their summary GST liabilities for the tax period and the discharge of these liabilities in a timely manner. A normal…

Input tax credit – time of supply vis-å-vis raising the tax invoice – when the credit will be available – input tax credit on goods so received shall be available to the applicant, only when applicant has received the goods.

GST – Input tax credit – time of supply vis-å-vis raising the tax invoice – when the credit will be available – input tax credit on goods so received shall be available to the applicant, only when app = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source =…

Input tax credit – GST charged by the Contractor for hiring of buses for transportation of employees – GST charged by the Contractor for hiring of cars for transportation of employees – ITC cannot be claimed on the impugned input service.

GST – Input tax credit – GST charged by the Contractor for hiring of buses for transportation of employees – GST charged by the Contractor for hiring of cars for transportation of employees – ITC cann = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source = = =…

Levy of CGST/SGST Act – merger of entities – merger of his proprietorship firm as a going concern with a private limited company – the same stands excluded from the scope of supply of goods – un-utilized input tax credit can be transferred in ca

GST – Levy of CGST/SGST Act – merger of entities – merger of his proprietorship firm as a going concern with a private limited company – the same stands excluded from the scope of supply of goods – un = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source…

Value for charging GST

GST – Started By: – Kaustubh Karandikar – Dated:- 19-2-2019 Last Replied Date:- 20-2-2019 – XYZ (Client from Delhi) had entered in to a Contract with PQR (a chartered accountant from Mumbai) to carry out audit of their records. As per the contract, the amount payable by XYZ to PQR towards professional fees will be…

Supply from Customs Bonded Warehouse

GST – Started By: – Kaustubh Karandikar – Dated:- 19-2-2019 Last Replied Date:- 19-2-2019 – XYZ(Supplier) had kept the imported goods in to Customs Bonded Warehouse without payment of import duty. These goods were re-exported directly from Customs Bonded Warehouse without filing ex-bond bill of entry and without payment of any customs duty. A simple…

GST to Overseas Customer

GST – Started By: – DIPAK BIJAWE – Dated:- 18-2-2019 Last Replied Date:- 19-2-2019 – Sir,We are rubber to Metal components manufacturing industry . To manufacture parts we need to develop tool as per the sister company(overseas Customer- UK) specification. Once the tool is developed and after submission of samples approved by customer we used…

Relief for tax payment made, as CGST and SGST instead of IGST, for supply of warehoused goods while being deposited in a customs bonded warehouse for the period July, 2017 to March, 2018

GST – Relief for tax payment made, as CGST and SGST instead of IGST, for supply of warehoused goods while being deposited in a customs bonded warehouse for the period July, 2017 to March, 2018 – TMI Updates – Highlights = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the…

Input tax credit (ITC) – The warehouse being constructed is immovable property. The input tax credit is, therefore, not admissible on the inward supplies for construction of the said warehouse, as the credit of such tax is blocked under section

GST – Input tax credit (ITC) – The warehouse being constructed is immovable property. The input tax credit is, therefore, not admissible on the inward supplies for construction of the said warehouse, = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source = = = = = = =…

Supply of goods after printing the Syllabus decided by the SCERT – supply of goods is involved i.e. 'supply of specified printed educational books', which is the principal supply and accordingly we come to the considered conclusion that the said

GST – Supply of goods after printing the Syllabus decided by the SCERT – supply of goods is involved i.e. supply of specified printed educational books , which is the principal supply and accordingly = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source = = = = =…

Classification of goods – Broom Stick made of plastics – the correct classification of the Plastic Broom-Stick is under heading 96032900 and classifiable as “Others” – taxable @5%

GST – Classification of goods – Broom Stick made of plastics – the correct classification of the Plastic Broom-Stick is under heading 96032900 and classifiable as “Others” – taxable @5% – TMI Updates – Highlights = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source = = = =…

Place of supply – sourcing (on a worldwide basis)) of goods from India – export or not – Appellate authority dismissed the appeal Challenging the decision of the Advance ruling decision –

GST – Place of supply – sourcing (on a worldwide basis)) of goods from India – export or not – Appellate authority dismissed the appeal Challenging the decision of the Advance ruling decision – TMI Updates – Highlights = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source =…

Levy of GST – actionable claims or not – Even if it is admitted that there is a provisioning of service by the appellant to the end-customers, there cannot be any such service or actionable claim against the payback points not redeemed by them a

GST – Levy of GST – actionable claims or not – Even if it is admitted that there is a provisioning of service by the appellant to the end-customers, there cannot be any such service or actionable clai = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source =…