Reading Time: 7 minutesGoods Transport Agency in GST | GTA in GST Background of levying the tax on the services of GTA, Goods Transport Agency The levy of Service Tax on Road Transportation Service has always been a contentious issue. The Finance Act, 1997 had levied Service Tax on Goods Transport Operators w.e.f. 16-11-1997 which was subsequently withdrawn after
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Reading Time: 4 minutesClarifications on exports related refund issues Circular No. 37/11/2018-GST issued by CBEC to give clarifications on exports related refund issues. It is to ensure uniformity in the implementation of the provisions of the law across field formations of CBEC Board vide Circular No. 17/17/2017 – GST dated 15th November 2017 and Circular No. 24/24/2017 –
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Reading Time: 8 minutesImports in GST Regime Introduction Imports in GST Regime, Under the GST regime, Article 269A constitutionally mandates that supply of goods, or of services, or both in the course of import into the territory of India shall be deemed to be the supply of goods, or of services, or both in the course of inter-State
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Reading Time: 4 minutesProcessing of refund applications for UIN entities Processing of refund applications for UIN entities, The GST Council, in its 23rd meeting held at Guwahati on 10th November 2017, has decided that the entities having Unique Identity Number (UIN) may be given centralized registration at the option of such entities. Further, it was also decided that
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Reading Time: 2 minutesGST on Under Construction and Ready-To-Move-In Property Government of India has issued Clarification about the applicability of GST on Under Construction and Ready-To-Move-In Property, As per GST law, construction of a complex, building, civil structure or a part thereof, including a complex or building intended for sale to a buyer, wholly or partly, except where the entire
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Reading Time: 3 minutesRecommendations made during the 26th GST Council Meet Return Filing System Recommendations made during the 26th GST Council Meet, The present system of filing of GSTR 3B and GSTR 1 is extended for another three months i.e., April to June, 2018 till the new return system is finalized. A new model was discussed extensively and
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Reading Time: 2 minutesGST Rates & HSN Codes for Gases, Non-Metals, Hydrogen GST Rates & HSN Codes for Gases, Non Metals, Hydrogen as mentioned in Chapter 28. GST Rates & HSN Codes for Gases & Non Metals as below mentioned items Hydrogen, Fluorine, Chlorine & Nitric Acid. GST Rates & HSN Codes for Gases, Non Metals, Hydrogen The GST Council has Released
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Reading Time: 9 minutesREFUND OF IGST PAID ON ACCOUNT OF ZERO RATED SUPPLIES REFUND OF IGST PAID ON ACCOUNT OF ZERO RATED SUPPLIES,In Under GST, Exports and supplies to SEZ are zero-rated as per section 16 of the IGST Act, 2017. By zero rating it is meant that the entire supply chain of a particular zero-rated supply is
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Reading Time: 3 minutesIGST Refund IGST refund, The Central Board of Excise and Customs (CBEC) has introduced an alternative mechanism enabling the exporters to rectify the mistakes in cases where IGST Refund is stuck due to invoice mismatch, a great relief to taxpayers, This procedure is available only for Shipping Bills filed until 31st December 2017. The Circular
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Reading Time: 3 minutesGST Rates & HSN Codes for Salts, Sands, Clay & Marble as mentioned in Chapter 25. GST Rates & HSN Codes for Salts & Sands – Graphite, Quartz, Cement, Clay & Marble. The GST Council has released a GST E-Book which Contains GST Rates on various goods with HSN Code, here we have provided Chapter wise GST Rates for basic Understanding.
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