Applicability of GST on Ambulance service !!
Applicability of GST on Ambulance service !! cgst_circular_51-min.compressed
GST
Exemption to Trust from GST
Exemption to Trust from GST As per Notification No. 12/2017 – Central Tax (Rate) dated 28thJune, 2017 exempts services provided…
Debit note and credit note in GST
Debit Note Meaning When a tax invoice has been issued for supply of any goods or services or both and…
All about GST Audit !!
GST Audit is Applicable What is GST Audit? Audit under GST is the process of examination of records, returns and…
Major Changes in GST – GST Council meeting dated 21st July 2018
Major Changes in GST GST Council meeting dated 21st July 2018 Changes are as follows: The limit to opt in…
CBDT Revises Form 3CD: To mine GST Data to check Tax Evasion By Notification July 23, 2018
Following Point wise changes 4 – GSTIN to be mentioned. 19 – Allowance under Section 32AD is to be…
![28th GST Council Meeting GST Rate Change Highlights Rate Reduction from 28% to 18% Paints and varnishes (including enamels and lacquers) Glaziers’ putty, grafting putty, resin cement Refrigerators, freezers and other refrigerating or freezing equipment including water cooler, milk coolers, refrigerating equipment for leather industry, ice cream freezer etc. Washing machines. Lithium-ion batteries Vacuum cleaners Domestic electrical appliances such as food grinders and mixers & food or vegetable juice extractor, shaver, hair clippers etc Storage water heaters and immersion heaters, hair dryers, hand dryers, electric smoothing irons etc Televisions upto the size of 68 cm Special purpose motor vehicles. e.g., crane lorries, fire fighting vehicle, concrete mixer lorries, spraying lorries Works trucks [self-propelled, not fitted with lifting or handling equipment] of the type used in factories, warehouses, dock areas or airports for short transport of goods. Trailers and semi-trailers. Miscellaneous articles such as scent sprays and similar toilet sprays, powder-puffs and pads for the application of cosmetics or toilet preparations. Rate Reduction from 28% to 12% • Fuel Cell Vehicle. Further, Compensation cess shall also be exempted on fuel cell vehicle. Rate Reduction from 18% to 12% • Bamboo flooring • Brass Kerosene Pressure Stove. • Hand Operated Rubber Roller • Zip and Slide Fasteners • Handbags including pouches and purses; jewellery box • Wooden frames for painting, photographs, mirrors etc • Art ware of cork [including articles of sholapith] • Stone art ware, stone inlay work • Ornamental framed mirrors • Glass statues [other than those of crystal] • Glass art ware [ pots, jars, votive, cask, cake cover, tulip bottle, vase ] • Art ware of iron • Art ware of brass, copper/ copper alloys, electro plated with nickel/silver • Aluminium art ware • Handcrafted lamps (including panchloga lamp) • Worked vegetable or mineral carving, articles thereof, articles of wax, of stearin, of natural gums or natural resins or of modelling pastes etc, (including articles of lac, shellac) • Ganjifa card Rate Reduction from 18% to 5% • Ethanol for sale to Oil Marketing Companies for blending with fuel • Solid bio fuel pellets Rate Reduction from 12% to 5% • Chenille fabrics and other fabrics under heading 5801 • Handloom dari • Phosphoric acid (fertilizer grade only). • Knitted cap/topi having retail sale value not exceeding Rs 1000 • Handmade carpets and other handmade textile floor coverings (including namda/gabba) • Handmade lace • Hand-woven tapestries • Hand-made braids and ornamental trimming in the piece • Toran Rate Reduction from 18% or 12% or 5% to 0% • Stone/Marble/Wood Deities • Rakhi [other than that of precious or semi-precious material chapter 71] • Sanitary Napkins, • Coir pith compost • Sal Leaves siali leaves and their products and Sabai Rope • PhoolBhariJhadoo [Raw material for Jhadoo] • Khali dona. • Circulation and commemorative coins, sold by Security Printing and Minting Corporation of India Ltd [SPMCIL] to Ministry of Finance. Footwear 5% GST rate will now be applicable for footwear having a retail sale price up to Rs. 1000 per pair. 18% GST rate will be applicable for footwear having a retail sale price exceeding Rs.1000 per pair.](https://thetaxtalk.com/wp-content/uploads/2018/07/455-min.png)
28th GST Council Meeting GST Rate Change Highlights
Rate Reduction from 28% to 18% Paints and varnishes (including enamels and lacquers) Glaziers’ putty, grafting putty, resin cement Refrigerators,…
Storage of agriculture produce in Cold storage and applicability of GST
Storage of agriculture produce in Cold storage and applicability of GST Applicant is the owner of the cold storage house…
GST in ITR!
GST in ITR! Person having income from business or profession and filing income tax return in form ITR 3 and…
GST ON CAPITAL GOODS
GST ON CAPITAL GOODS Capital goods as defined in the act means goods, the value of which is capitalised in…
BUSINESS VERTICAL IN GST
BUSINESS VERTICAL IN GST Business vertical as defined under section 2(18) means a distinguishable component of an enterprise that is…
RATE OF TAX UNDER GST ON EXPENSES DEBITED TO TRADING, PROFIT & LOSS ACCOUNT
RATE OF TAX UNDER GST ON EXPENSES DEBITED TO TRADING, PROFIT & LOSS ACCOUNT Nature of Expense Rate of Tax…
PROPOSED AMENDMENTS TO GST LAW
PROPOSED AMENDMENTS TO GST LAW 1. Sec 2(17)(h) – All Activities of Race Clubs to be treated as BUSINESS…
GST AUDIT CIRCULAR
GST AUDIT CIRCULAR [button color=”” size=”” type=”square” target=”” link=”https://drive.google.com/file/d/0BxR9OWNe1BQOVjZaTkMyYUl6NlJCYjBBdUw4djZwY0pVZmdj/view?usp=sharing”]Download[/button]
Important GST Penalties
Important GST Penalties Penalties for offences under section 122 of CGST Act 2017. Fails to issue invoice or issued wrong…
