Rule 96 A of the CGST Rules provides for Refund of Integrated Tax paid on export of goods or services under bond or Letter of Undertaking as below:- (1) Any registered person availing the option to supply goods or services for export without payment of integrated tax shall furnish, prior to export, a bond or …
GST – EXPORT PROCEDURE UNDER BOND OR LETTER OF UNDERTAKING Read More »
In case of Hotels and Restaurants, the government has prescribed special provisions under the IGST Act, 2017 for identification of the Place of Supply of Service. The bare law is noted below for ready reference:- Section 12 : Place of supply of Service where the Location of Supplier and Recipient is in India (3) The place …
PLACE OF SUPPLY OF SERVICE FOR HOTELS & RESTAURANTS Read More »
With the objective of ensuring smooth rollout of GST and taking into account the feedback received from the trade and industry regarding the provisions of deduction of tax at Source under Section 51 of the CGST / SGST Act 2017 and collection of tax at source under Section 52 of the CGST / SGST Act …
BIG RELIEF TO E-COMMERCE COMPANIES – POSTPONEMENT OF TCS (Sec 52) UNDER GST Read More »
The central government has exempted persons who are engaged in supplies of taxable goods and services, the total tax on which is liable to be paid on Reverse Charge basis [under section 9 (3) of the CGST Act] by the recipient of such Goods or Services or both, from the requirement of taking registration under …
Exemption from GST Registration – Taxable Supplies under Reverse Charge Read More »
The GST Council in its meeting held on 18th June, 2017 has allowed relaxation in the return filling procedure for the first 2 months viz. July and Aug, 2017. An easy and simple Form GSTR 3B has introduced to be filled by 20th of next month and further time has been allowed for filling GSTR …
Relaxation in Return filling Procedure under GST Read More »
The Labour Department of the Government of Rajasthan has in supersession to its earlier Notification No. F. 13(1)shram/vidhi/2017 dated 16th Feb, 2017 has issued a revised notification dated 12th May, 2017 with relief to small factories and businessmen in payment of salary and wages in cash. The revised notification ordered payment of all Salary and Wages …
RESTRICTION ON PAYMENT OF SALARY IN CASH IN RAJASTHAN Read More »
GST Council at it’s 15th Meeting held on 03rd June, 2017 has announced the Rate of GST on Apparels, Readymade Garments & Textiles. The information is being uploaded immediately after the GST Council’s decision and it will be subject to further vetting during which the list may undergo some changes:- 1. Rate of GST on Apparels …
GST Council at it’s 15th Meeting held on 03rd June, 2017 has announced the Rate of GST on Gold, Gemstones & Jewellery. The information is being uploaded immediately after the GST Council’s decision and it will be subject to further vetting during which the list may undergo some changes:- 1. Rate of GST on Gold – …
A query has been raised by our clients from the Hotel Industry regarding the Tax Liability on Alcoholic Liquor (Beverages) after the appointed date (expected to be 01st July, 2017) for GST Rollout. CLARIFICATION It is hereby clarified that Alcoholic Beverages have been excluded from Levy and Collection of GST and therefore there will be …
CLARIFICATION ON TAX ON ALCOHOLIC BEVERAGES UNDER GST Read More »
The GST Council has announced following fitment rate on Works Contract Service under Goods & Services Tax (GST). The information is being uploaded immediately after the GST Council’s decision and it will be subject to further vetting during which the list may undergo some changes:- S. No. Description of Service GST Rate ITC Credit …