Press release on revised GST Rates on goods being used in Covid-19 relief and management till 30th September, 2021. S. No.DescriptionPresent GST RateGST Rate recommended by GST Council(A)Medicines  ...
Background: The Union Cabinet has approved the proposal of Rs. 18,100-crores to incentivize battery makers to manufacture locally i.e., to cut import dependence while giving boost to electric vehicle (EV) ad...
Part 3: Certain other COVID-19 related relaxations: Extension of due date of filing GSTR-1/ IFF for the month of May 2021 by 15 days.Extension of due date of filing GSTR-4 for FY 2020-21 to 31.07.2021.Extens...
Part 2: Other important proposals Abolishing of GST audit and introduction of self-certification of Form GSTR-9C, shall be notified soon. The above amendment will be applicable for FY 2020-21. Optional...
Part 1: Late fees exemptions and revised ceiling limits: S. No.Scheme/ReliefConditionsAmount of Relief1Amnesty scheme_ exemption of late fees for delay in filing Form GSTR-3BExemption period: From July 2017 ...
Rule 22 (3) of CGST Rules, 2017: Where a person who has submitted an application for cancellation of his registration in FORM GST REG-16 is no longer liable to be registered or his registration is liabl...
Pre-Requisite Knowledge: In-patient health care services provided by a hospital is exempt from the levy of GST under Sl. No 74 of the Notification No. 12/2017-Central Tax (Rate) dated 28.06.2017. The term...
Facts of the Case: The applicant is a provider of Cold Storage Service which includes loading, unloading, packing, storage or warehousing of agricultural produce which is exempted under the Notifications 11/...
Existing Foreign Trade Policy (FTP): The Existing Foreign Trade Policy (2.25 of FTP, 2015-2020) was as follows: “Import of goods, including those purchased from e-commerce portals, through post or courier...
With the outbreak of Covid-19, CBIC has extended certain due dates on 01.05.2021 Rule 36(4) – Adjustment of ITC shall be done cumulatively for April 2021 and May 2021, in the GST return of May 2021. The prov...