GST : CONDITIONS FOR REDUCED RATE OF 0.10% ON GOODS SOLD TO EXPORTERS
Following Conditions have been prescribed by the Government for charging reduced Rate of GST @ 0.10% (IGST @ 0.10% or CGST & SGST @ 0.05% each) on Supply of...
RATE OF GST ON RESTAURANTS – AMENDED W.E.F. 15-11-2017
The Central Government has revised the Rate of GST on Restaurants w.e.f. 15-11-2017 vide Notification No. 46/2017-Central Tax (Rate) with summary as below:- i. All stand-alone restaurants irrespective of...
EXEMPTION FROM GST REGISTRATION TO SMALL INTER-STATE SERVICE PROVIDERS
The Central Government has in line with the Decision of the GT Council in its Meeting on 06-10-2017, has granted Exemption to Small Service Providers making INTER STATE supply...
REVERSE CHARGE u/s 9 (4) SUSPENDED UNDER GST w.e.f. 13-10-2017
The GST Council in its 22nd Meeting decided to suspend the Reverse Charge Mechanism (RCM) in case of purchases by a Registered Dealer from an Unregistered Dealer u/s 9 (4)...
Refund of IGST paid on export of goods under Rule 96 of CGST Rules 2017
As you are aware, Rule 96 of the CGST Rules 2017 deals with refund of Integrated Tax paid on goods exported out of India. It provides that the shipping bill filed by an...
ANALYSIS OF CHANGES UNDER GST LAWS – GST COUNCIL MEETING 06th OCT, 2017
The GST Council, in its 22nd Meeting which was held on 06-10-2017 in the national capital under Chairmanship of the Union Minister of Finance and Corporate Affairs, Shri Arun...
PACKAGE OF RELIEF & INCENTIVES FOR EXPORTERS UNDER GST
The GST Council, in its 22nd Meeting which was held on 06-10-2017 in the national capital under Chairmanship of the Union Minister of Finance and Corporate Affairs, Shri Arun...
REVISED REQUIREMENTS FOR LETTER OF UNDERTAKING (LUT) UNDER GST FOR EXPORTERS
In line with its objective to make GST Exporter’s (specially small exporters) friendly, the Central Government has taken pro-active measure to help all the Exporters to obtain Letter of Undertaking (LUT)...
GST ON HOTEL ACCOMMODATION – RATE OF TAX ON DECLARED ROOM TARIFF
A clarification has been sought from the GST Council with regard to the Rate of GST on Hotel Accommodation. In this matter the government has changed the Terminology used...
GST – REVERSAL OF INPUT TAX CREDIT (ITC) RELATED TO EXEMPTED or NIL RATED OUTWARD SUPPLIES
This article covers relevant abstract provisions of GST Laws related to reversal of Input Tax Credit (ITC) used in relation to Exempted or NIL Rated output Supplies:- As...