• twitter-icon

Search results for: Goods and Services Tax

45th GST Council's Clarifications for Overseas Companies

Companies Get Huge GST Relaxation from 45th Council’s Explanations

There are 2 things mentioned through the GST officials which are expected to furnish a bigger advantage to the organizations and their counterparts having their main operational business heads in outer territories, and serving major head of business in foreign and also the Indian counterparts with having business in insurance, telecom, banking with multiple state […]

Check Major Points for Filing of GSTR 9 Form

Important GSTR 9 Filing Points for FY 2020-21 with Amendments

The GSTR-9 is a yearly return to be filed by all enrolled taxpayers under GST besides a few. It is a yearly corpus of outer supplies, internal supplies, tax liability, and input tax credit benefited during a financial year. It should be filed within 31st Dec of the same year by the certain financial year. […]

Upcoming GST Council Meet

Upcoming GST Meet: Cases of Anti-profiteering Move to CCI

The upcoming council meet under GST shall decide the destiny of the national anti-profiteering authority (NAA) whose tenure ends in Nov. Apart from that, the department will also discuss extending the concessional rates towards the medicines concerned to the drugs which consist of Remdesivir in the next 3 months. FM Nirmala Sitharaman has decided that […]

Supreme Court Order for Revised GST Refund Formula

SC Directs GST Council to Relook GST Refund Formula on Inverted Duty Structure

The refund shall be furnished to the credit that collects on inputs beneath the inverted duty for the GST regime said Supreme court. As per the order, the Madras High court placed it alongside the order of the Gujarat high court. The appeal has been acknowledged which the GST department urged to go through again […]

GST ITC Not Permitted on Invoices

WB AAR: No ITC on GST Invoices of Jan to March-2020 Furnished in GSTR 1 & 3B

The West Bengal AAR held that the ITC is not permitted upon the invoices for Jan to March-2020 to which the supplier has filed the FORM GSTR-1 and FORM GSTR-3B. The applicant is the owner of Eastern Coalfield ltd which produces and supplies the coal and obtained the services from M/s Gayatri projects ltd and […]

GST Exemption for Hostel Rent

MH AAR: GST Exemption for Hostel Rent of up to INR 1k Per Day

The Maharashtra Authority of Advance Ruling (AAR) ruled that Goods and Service Tax (GST) is privileged on Hostel Rent of less than Rs. 1000 per day for one Student. The applicant is the owner of M/s. Ghodawat Eduserve LLP used to furnish commercial training and coaching services to his students who appear for the 11th […]

Latest Update About Rule-59(6) and HSN on GSTN Portal

Major Updates: HSN Advisory & Rule-59(6) Implementation on GST Portal

Rule-59(6) Implementation on GST Portal On 1st January 2021 Rule-59(6) of CGST Rules, 2017 has been embedded vide Notification No. 1/2021, which gives for limitation in the filing of GSTR-1 in a specific case: Below section 37 in FORM GSTR-1, if the person has not filed the return in FORM GSTR-3B for the past two […]

18 Percent GST Rate on Drinking Water Supply by Tankers

AP AAR: 18% GST Rate on Supply of Drinking Water by Movable Tankers

The Andhra Pradesh Authority of Advance Ruling (AAR) directed that 18% Goods and Service Tax (GST) is payable on Drinking water supply by movable tankers. The petitioner M/s. Vijayavahini Charitable Foundation (VCF) looks to support and aids charitable activities towards the poor in the medical relief region, education, health, vocation, livelihood, etc. beneath section 12A […]

GST Myths in Real Estate Industry

Check Out GST Myths Before Investment in Real Estate Industry

Real estate is a never-ending option for investment and thousands of people every year invest in residential properties for a good return. Earlier in the pre GST period, there were multiple taxes applicable such as stamp duty, VAT, service tax, registration charges and that too with different rates for different states every time. However after […]

Follow Us on Google News

Google News

Latest Posts

New Offer for Professionals

Huge Discount on Tax Software

Upto 20% Off
Tax, ROC/MCA, XBRL, Payroll, Online GST

Limited Offer, Hurry

Easy to File Tax/GST Returns

Upto 20% Off on Tax Software

    Select Product*

    Current GST Due Dates