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Search results for: Goods and Services Tax

GST REG 10 Registration Form for OIDAR Services

All About GST REG 10 Application Form for OIDAR Services

The Provision of section 24 of the Central Goods and Services Tax Act, 2017 requires the businessman engaged in supplying ‘online information and database access or retrieval services’ to obtain mandatory registration, also to be concerned with the location services are supplied from i.e. a place outside India to the business in India (other than […]

No ITC on Medicines Used for Patients

Restrict GST ITC on Medicines Used for Patients in the Supply of Health Services

The Karnataka Authority of Advance Ruling (AAR) directed that the Input Tax Credit should not be there on medicines adopted in importing health care services Check out the brief details of GST impact on the healthcare industry in India. The researchers have commented on the impact of GST regime rendered to sufferers. The petitioner is […]

18 Percent GST Rate for Liaisoning Services

18% GST Rate on Liaisoning Services by Branch of a Foreign Firm, KAR AAR

The Karnataka-based Authority for Advance Rulings (AAR) has ruled that Goods and Services Tax (GST) will be levied on Liaisoning services by the branch office (BO) of a foreign entity in India. It will come under taxation even if transactions between them happen without any consideration. The said decision came in a case related to […]

GST ITC on Goods/Services Under the REC Scheme

Claim GST ITC on Goods/Services While Working for Renewable Power Generation of the REC Scheme: AAR

The Tamil Nadu Authority of Advance Ruling (AAR) directed that on Goods/Services Input Tax Credit can be proportionately claimed used in the installation of Renewable Power Generation Plant comes under the ‘Renewable Energy Certificate (REC) Scheme’. The petitioner is the owner of Kumaran oil mills said that they are generating electricity via photovoltaic solar panels […]

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 […]

GST Applicable on Lease of Commercial Land or Plot

Guj AAR: 99 Years Lease of Commercial Land or Plot Attracts GST

The Gujarat authority for advance ruling stated that the 99-year lease and the annual premium on the commercial plot land are subjected to central GST as per the ruling. “…lease of the plot for 99 years by the applicant is not a sale of land but is a lease of plot/land and therefore does not […]

5 Percent GST Rate

GST Rate 5% Applied on J&K Irrigation and Control Department, WB AAR

In Jammu and Kashmir, a 5% tax is to be applied on the irrigation and flood control department said West Bengal Authority of Advance Ruling (AAR) Get to know about AAR (Authority for Advance Rulings) under GST India along with its mechanism. Also, we have described its objectives, powers, orders, etc. The Govt of Jammu […]

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. […]

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