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New Changes in GST RFD 01 Form

New Changes in GST RFD 01 Form Announced by Delhi Govt Officials

The Delhi Government announced the Delhi GST (Goods and Services Tax) (Seventh Amendment) Rules, 2019. The announcement attempts to change the Delhi GST Rules Get to know GST provisions and rules on the free supply of goods. Also, we have included rules regarding ITC reversal on free supplies of goods and services, 2017 which is […]

Low GST Rate for COVID-19 Testing Kit

Private Hospitals Demand to Reduce GST Rate of COVID-19 Testing Kit

The states have welcomed the decision of the government to reduce the cost of the covid-19 testing kit whose price was Rs 2250 to Rs 1500 along with flexibility in the ambulance service rates. The private hospitals have requested the state government for compensation in GST on the covid-19 kits. “As the state government caps […]

May Deposit GST in Cash

Govt. Might Think to Permit India Inc to Deposit GST in Cash

In the PWC report, it is written that due to the COVID-19 government might think to permit India Inc to deposit GST through cash to assist them to flow over the liquidity. The report also says that in the next phase to the industry the government can also think to refuse to take GST from […]

GST Refund in a Validated Bank Account Joined with PAN and Aadhaar

GST Refund in Authorized Bank Account Linked with Aadhaar & PAN: FM

On 42nd GST meet the Finance minister Nirmala Sitharaman states that refund is to be disbursed in the validated bank account linked through Aadhaar or PAN card Get the details regarding the complete procedure of GST registration via Aadhaar authentication for a new user on the official government portal. Read more which comes into force […]

Fields Under GSTR 2A Related to Credit Availability

How will GSTR 2A Additional Fields Affect Taxpayers for Credit Availability?

In the context of Value added tax, the countries who have implemented VAT with credit are facing input tax credit frauds. For recovering from these issues the Goods and Services Tax (GST) law has created several anti-abuse provisions, that have the GST credit taken by the taxpayer with the GST paid by its supplier in […]

No GST on Services for Conducting Examination

Services Accompanied to Board of Examination Cannot Induce GST, KAR AAR

The outer agencies providing the services to the board of examination in concern to conduct the examination cannot induce Goods and Services Tax (GST) said by Karnataka AAR “It is an undisputed fact that the process of conducting the examination is not limited/restricted to the test centre. The examination is an incomplete activity without assessment. […]

No GST Charge on Construction Service Provider

NAA: GST Charges Against Construction Service Provider Null

The National Anti-Profiteering Authority has not determined the construction service provider, M/s Aryan Hometec guilty of profiteering. The petitioner says that he buys a flat in the project named as Aryan fountain square and states without any proof which includes VAT and service tax in MRP for flat during the booking and demanding 12% GST […]

41st GST Council Meeting

All Updates of 41st GST Council Meeting on States’ Compensation

The 41st GST Council Meeting was organized on August 27, 2020, till 5:30 pm. The GST council meeting members discussed the “revenue compensation to states”. The 41st GST Council Meeting was conducted via video conference due to the corona pandemic. Also, there was some discussion pending before the GST council such as GST rate cut […]

GST Rate on Sale of Scrap Materials with HSN Code

GST Rate on Sale of Scrap Materials with HSN Code

Find GST rates for scrap material with HSN Code; including plastic, rubber, wood, and paper waste by reading this informative post. What is the Meaning of Scrap? Scrap is nowhere related to GST Laws. One could only see its meaning as per the normal mode of business. However, as per the dictionary, scrap means the […]

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