GST

GST-Composition-Scheme
Articles GST

Composition Scheme for Service Providers (Notification 2/2019 – Central Tax Rate)

Government has come up with composition scheme for small service providers and scheme is applicable for invoices issued by a person on or after April 01, 2019 for this financial year. This scheme is applicable ...

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Articles GST

Collection of Utility Charges shall attract GST taxed as Composite Supply

Facts: Applicant is engaged in business of exhibition and business services, accommodation in hotels, inn, guest house, club or camp site etc. services, and restaurant services. Agreement between lessor (appl...

Input-tax-credit-utilization
Articles GST

Order of Utilization of ITC (Notification 16/2019 – Central Tax)

An important amendment to CGST Rules have been made to give flexibility in utilizing ITC of Integrated Tax. A new rule 88A is inserted in CGST Rules, according to which ITC of integrated tax can be utilized to ...

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Articles GST

Clarification on various promotional schemes under GST

Sr. No. Types of Discount Examples Whether considered as Supply Availability of ITC to supplier 1  Free Samples and Gifts Drug samples given to dealers by pharmaceutical companies No. This is not a Supply as ...

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

Non-Compete Fees not taxable under GST

In a recent judgement given by Kerala High Court in cases pertaining to pre-GST regime relating to transfer of trademark & patent rights by companies registered in the state of Kerala to transferees registe...