GST

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Articles GST

44th GST Council Meeting dated 12-06-2021

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 &nbsp...

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Articles GST

National Programme on Advanced Chemistry Cell Battery Storage (NPACC)

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...

43rd GST Council Meeting dated 28-05-2021 – Proposals.
Articles GST

43rd GST Council Meeting dated 28-05-2021 – Proposals.

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...

43rd GST Council Meeting dated 28-05-2021 – Proposals.
Articles GST

Part 2: 43rd GST Council Meeting dated 28-05-2021 – Proposals.

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...

43rd GST Council Meeting dated 28-05-2021 – Proposals.
Articles GST

43rd GST Council Meeting dated 28-05-2021 – Proposals.

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 ...

Guidelines Issued by CBIC for GST Officers Regarding Cancellation of Registration
Articles GST

Guidelines Issued by CBIC for GST Officers Regarding Cancellation of Registration

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...

Whether the Medicines, Consumables and Implants used in the course of providing health care services for diagnosis or treatment of patients being provided by the hospital is a ‘Composite Supply’?
Articles GST

Whether the Medicines, Consumables and Implants used in the course of providing health care services for diagnosis or treatment of patients being provided by the hospital is a ‘Composite Supply’?

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...

Whether Cold Storage services of tamarind inner pulp without shell and seeds is exempt or not?
Articles GST

Whether Cold Storage services of tamarind inner pulp without shell and seeds is exempt or not?

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/...

Uplifting of Prohibition on Oxygen Concentrator imported as gift– Amendment in Foreign Trade Policy 2015-2020
Articles GST

Uplifting of Prohibition on Oxygen Concentrator imported as gift– Amendment in Foreign Trade Policy 2015-2020

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
Articles GST

With the outbreak of Covid-19, CBIC has extended certain due dates on 01.05.2021

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...