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Search results for: Goods and Services Tax

No GST e-way Bill for Principal Supply is Service

No Need GST EWB When Supplying Only Services Without Goods

Recently the goods and services tax network (GSTN) has cleared that there is no requirement of e-way bills (EWB) for the only supply of services that constitutes the principal component of the transaction. However if in case the transaction is of both goods and services, the waybill is required to be generated with mentioning of […]

Problems of GST Amnesty Scheme

Issues of GST Amnesty Scheme As Per Section 16(4) for Taxpayers

GST law supports the free flow of the input credit. It is used to permit tax-free transactions and removes the rollover effects. Amnesty is directed towards forgiving the crime or the act of forgiveness for the previous offences. From the compliance of the old dictionary, Amnesty means “a fixed period of time during which people […]

Analysis of Central Tax Notifications No. 32, 33 and 34

Brief Summary of GST Central Tax Notifications No. 32, 33 & 34

Here is the comprehensive study of GST notifications based on the Amnesty Scheme & the revision of the time limit to apply for revocation in various scenarios. 1.0 late fees Amnesty scheme for GSTR 3B towards the period July 2017 to April 2021 has been extended from 31st August 2021 to 30th November 2021 [NN […]

Credai Requests GST ITC from Central Govt

Credai Demands GST ITC for Reality Developers for Affordable Housing

Realtors council Credai urges for input tax credit (ITC) beneath GST guidelines and must permit the real estate builders to state that it can be directed towards the reduction of the cost by 10%. Credai, which has 13,000 members in real estate building, has sought the Union government to provide an input tax credit to […]

Gauhati HC's Order for GST Payment of Interest Liability in Installment

Gauhati HC Instructs Taxpayer to Contact GST Officials for Interest Liability Payment to Restore Registration

The Gauhati High Court ordered the assessee to address the GST Authority to furnish interest liability in installment because of COVID-19 to restore Enrollment. The applicant M/S Aich Brothers are not satisfied as evident taken out by the enrollment of the applicantGet to know the complete GST registration procedure online on the Indian government GST […]

New 'Annual Aggregate Turnover' Functionality for Taxpayers

CBIC Dept Adds New AATO Feature for Taxpayers on GST Portal

The Goods and Services Tax Network (GSTN) facilitate the new functionality on annual Aggregate Turnover (AATO) used on GST Portal for the assessee. Latest Update 03rd May 2022 The AATO computation for FY 2021-22 has been live on the official GST portal for the taxpayers. View More New Functionality to Modify AATO on GST Portal […]

18 Percent GST Rate for Online/Offline Tendering

18% GST Levy on Supply of Goods or Services for Online/Offline Tendering

There is an 18% GST is to be furnished on online and offline business said Maharashtra Authority of Advance Ruling (AAR) The dentist’s act 1948 controls the profession of dentistry in which it is convenient to build the act for the direction of the field of dentistry furthermore towards that form the petitioner Maharashtra State […]

AAR's Order for ST. Thomas Hospital on Composite Supply

Kar AAR: No GST Levy on Exempted Healthcare Services Under SAC 999311

The Karnataka Authority of Advance Ruling (AAR) has passed a ruling that no GST shall be imposed on the composite supply of the healthcare services. Here in this case the applicant is Messrs Saint Thomas Hospital that is a multi-specialty hospital that provides health care services Check out the brief details of GST impact on […]

GSTN Added New Features to Discharge Tax Liability Under GSTR-9C

CBIC Added New Features to Discharge Tax Liability in GSTR-9C Reconciliation Statement

The Goods and Services Tax Network (GSTN) has implemented new functionality for the purpose of Discharging Goods and Services Tax liability in relation to GSTR-9C that has a reconciliation statement. How to Use This Functionality To utilise this facility, the taxpayer shall first log in to the web portal of GST Portal and then choose […]

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