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On Wednesday, the Ministry of Finance released a Gazette notification that updates the Goods and Services Tax (GST) rate framework in accordance with the Central Goods and Services Tax Act of 2017. This revision aims to enhance the efficiency and clarity of the GST system. The revised rate schedule supersedes the notification of June 28, […]
According to the latest amendment in the said notification, an explanation shall be added in the Table. The explanation reflects the inclusions under the term “bus body building“. The explanation shall be entered against serial number 26, in column (3), in item (ic), in the table. The explanation reads, “For the purposes of this entry, […]
Central Tax (Rate) 1. Seek to reduce the rate of Central Tax, Union Territory Tax, on fertilisers from 6% to 2.5% and Integrated Tax rate on fertilisers from 12% to 5% 2. To notify the categories of services the tax on intra-State supplies of which shall be paid by the electronic commerce operator 3. To […]
The Madurai Bench of the Madras High Court, in a ruling on the applicable GST rate for a works contract completed before the 2022 rate revision, directed the department to reassess the demand based on the evidence submitted. The petitioner, V. Janarthanan, a contractor, challenged an assessment order issued under Section 74. The department raised […]
The petitioner is Build Layer Constructions, with address 1b58, Vinayak Sadan, Ground Floor, Housing Board, Pali – 306401, Rajasthan. The petitioner is registered for GST, containing GST registration No. 08AATFB8617M1ZO in the State of Rajasthan. The petitioner has applied for an Advance Ruling. If the statutory decision of the advance ruling, anyone disagrees, then they […]
The Maharashtra Authority for Advance Ruling (AAR) determined that the supply of a Geometry Compass qualifies as a mixed supply under section 2(74) of the CGST Act, 2017. As a result, it is subject to an 18% GST, rather than being classified as a composite supply. The petitioner, Amardeep Udyog, is a partnership business that […]
The West Bengal Authority for Advance Ruling Goods and Services Tax (AAR) in a case has ruled that the Goods and Services Tax (GST) exemption is not subjected to the supply of manpower services before Webel Technology Limited. The petitioner, Webel Support Multipurpose Service Cooperate Society, is a cooperative society registered under the West Bengal […]
An important clarification has been issued by the Central Board of Indirect Taxes and Customs (CBIC) on the Goods and Services Tax (GST) rates and classification for several products, including pepper, raisins, ready-to-eat popcorn, autoclaved aerated concrete (AAC) blocks, and amendments associated to vehicle ground clearance. Based on the 55th meeting of the GST Council […]
A notification has been issued by the Central Board of Indirect Taxes and Customs (CBIC) citing that no Goods and Service Tax (GST) will be imposed on gene therapy and it shall get waived immediately. Finance Minister Nirmala Sitharaman announced in the previous month that the gene therapy has been waived from GST. The therapy […]
