GST

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Articles GST

Supply of services by way of conduct of online examination, to an educational institution is EXEMPT: AAR MAHARASHTRA

Facts of the case: Applicant is engaged in the business of providing services relating to conduct of online examination along with pre exam management processes, post exam management processes across different ...

GST-UPDATE-650x420
Articles GST

INPUT TAX CREDIT – MAXIMUM DEVIATION BETWEEN WHAT IS CLAIMED vs FORM GSTR-2A

Government has amended CGST Rules, 2017 vide notification issued on 9.10.2019. According to it, a new sub-rule (4) has been inserted after rule 36, which reads as follows: “Input tax credit to be availed ...

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Articles GST Press Release

37th GST Council Meeting || Press Release

Recommendations Regarding Law and Procedural Related Changes Relaxation in filing of annual returns for MSMEs for FY 17-18 and FY 18-19 for: Composition taxpayer Taxpayers who are required to file the return...

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Articles GST Press Release

37th GST Council Meeting-Key Recommendations on GST Rate on Services

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Articles GST

IMPORTANT GST Update || Last date to avail Input tax credit of F.Y. 2018-19 || || Last Date to amend invoices of F.Y. 2018-19 ||

Section 16(4) of the Central Goods and Services Tax Act, 2017 reads as follows: A registered person shall not be entitled to take input tax credit in respect of any invoice or debit note for supply of goods or ...

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Articles GST

Important GST Update

The Government has waived requirement to file return under Form ITC-04 (Job work return) for F.Y. 2017-18 and 2018-19. However, detail of goods which were not received back from job worker or not sold from his ...

good-service-tax-concept-with-financial-elements_1302-10253
Articles GST

Waiver of late fee on filing of Form GSTR-1 and GSTR-6 in Certain Cases

The central government, on recommendations of the Council, hereby waives the amount of late fee payable under section 47 of the said Act, by the following class of taxpayers: – Source: Notification No. 4...

GST-UPDATE-650x420
Articles GST

Tools Supplied by OEM to Component Manufacturer for free shall not be added to Value of Component

Facts of the case: Assessee is involved in manufacturer and sale of plastic moulds, press tools, jigs/fixtures/gauges, injection moulded parts and design services as per specific orders & requirements of ...

GST Update_27.08.19
Articles GST

DUE DATE EXTENDED

The due date to file Annual Return and GST Audit Report under Form GSTR-9 and GSTR-9C has been extended up to 30.11.2019 i.e. 30th November 2019.

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Articles GST

Appellate Authority of Advance Ruling upheld decision of AAR – ‘Power Banks’ are Accumulators falling under Chapter Heading 8507 and are not static convertors!

Facts of the case: Applicant is engaged in trading of electrical and electronic goods including power banks. They submitted that power banks while charging compatible devices perform mainly two activities (i) a...