GST Annual Return Analysis
GST Annual Return Analysis BACKGROUND:GST is a major tax reform in India which has removed the barriers in inter-state trade.…
GST
Interest will be levied on both cash & ITC component if there is a delay in filing of GST return
Interest will be levied on both cash & ITC component if there is a delay in filing of GST return…
Interesting Ruling on Pure Agent
Interesting Ruling on Pure Agent *Ruling on Pure Agent* Authority for Advance Ruling, Maharashtra has replied that the conditions as…
Maida Vadam/Papad’ exempt from GST : AAR
‘Maida Vadam/Papad’ is classified under Heading No. 1905 05 40, exempt from GST Authority for Advance Rulings, Tamil Nadu, Subramani…
Penal Interest will not be treated as Interest for GST.
M/S. BAJAJ FINANCE LIMITED Dated:- 06-08-2018 – GST-ARA-22/2018-19/B-85 Penal interest- Taxable supply or not – activity of collecting penal interest…
Last date for any GST returns is a date of problem & trouble.
Last date for any GST returns is a date of problem & trouble. This time too. There are various problems…
No GST on interest-free security deposit received by the lessor which are refundable on completion of lease tenure
No GST on interest-free security deposit received by the lessor which are refundable on completion of lease tenure Authority for…
How to rectify errors, mistakes & omissions in GSTR-1?
How to rectify errors, mistakes & omissions in GSTR-1? Good news is that errors, mistakes & omissions in GSTR-1 is now…
GST Officers started seeking details of E way Bills
GST Officers started seeking details of E way Bills
GST : Supply of ice-cream by applicant from its retail outlets would be treated as supply of ‘goods’
GST : Supply of ice-cream by applicant from its retail outlets would be treated as supply of ‘goods’ • The…
Whether GST paid along with Insurance premium is also eligible for deduction u/s 80C & 80D ?
This is an interesting question raised by thr readers of our portal. Let us discuss. Section 80C and Section 80D…
New functionality in GST Portal
New functionality in GST Portal – View month-wise table on liability and credit claimed A new functionality has been…
GSTR- 1 & GSTR -7 returns date Extended.
Due date for submission of GSTR 1 for Mar 19 is extd to 13/04/19. GSTR- 1 & GSTR -7 returns…
Healthcare services provided by a person other than clinical establishment do not qualify for the exemption under GST.(J C Genetic India (P.) Ltd.): AAR
Healthcare services provided by a person other than clinical establishment do not qualify for the exemption under GST.(J C Genetic…
CBIC clarification on Composition scheme for supply of Services or Goods
CBIC clarification on Composition scheme for supply of Services or Goods The Central Board of Indirect Taxes and Customs (“CBIC’)…
‘ITC cannot be claimed for discount given post supply even for commercial discount’
‘ITC cannot be claimed for discount given post supply even for commercial discount’ The authority for advance ruling (AAR) in…
GST in Banking Audit.
No GST on Interest levied by bank. No GST on inter-bank Forex transactions. GST applicable on all charges levied by…
Applicability of GST on Hostel accommodation provided by Trusts to students – AAR
Applicability of GST on Hostel accommodation provided by Trusts to students – AAR AUTHORITY FOR ADVANCE RULING, MAHARASHTRA IN RE:…
