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Search results for: supply under gst

Philips to Pay Penalty as Per NAA

Philips to Pay Penalty as Per NAA for Not Giving GST Benefits to Consumers

As per recent updates received yesterday, Philips India was found guilty by the GST anti-profiteering authority for not providing benefits of the GST rate Grab the information of revised GST slab rates on consumer products in India, Although GST council finalized the slab rates like 5%, 12%, 18% and 28% cut which is estimated over […]

CGST Collection Dropped 87 Percent in April 2020

CGST Collection Dropped 87% in April 2020 Due to COVID-19

According to some data revealed recently, The CGST collection for April month was reported Rs 5,934 crore which is 87% less as compared to the same month last year’s collection (Rs 46,848). The Official data is concerned with the month of March in which only a few days are under lockdown. Some analysts also expressed […]

Companies Requested to Reduce GST Rates

Consumer Companies Requested to Reduce GST Rates to Boost Demand

Companies are going through a tough time due to fewer to no customers, lack of liquidity, and restrictions. Companies and representatives are looking at Government for some rate-cut in GST and now some Consumer-facing companies including makers of biscuits, Ayurveda products, soaps, and shampoos reached the government and requesting to reduce the goods and services […]

GST Analytics Wing to Identify Risky Suppliers

CBIC Dept Asked GST Wing to Identify Risky Suppliers Due to Fraud Credit

The CBIC had early received some complaints from exporters that in some cases the Integrated Good and service tax (IGST) refunds are being held for over 6 months. In this matter, the Central Board of Indirect Taxes and Customs (CBIC) recently directed the GST risk management wing to identify risky suppliers to exporters and submit […]

GST Rate on Licensed Software’s DVDs and CDs

High GST Rate Applicable for Licensed Software’s DVDs & CDs: AAR

So DVDs and CDs are in the news again, Actually, AAR (Authority for Advance Rulings) Get to know about AAR (Authority for Advance Rulings) under GST India along with its mechanism. Also, we have described its objectives, powers, orders. Read More Tamil Nadu released order and clarifies that the Licensed Software’s CDs and DVDs can’t […]

GST Applicable - Landscape and Garden Maintenance Work

Development of Landscape & Garden Maintenance Work for Govt. Undertakings Will Attract GST

The Appellate Authority of Advance Ruling (AAAR), Karnataka released an order dated 04 May 2020 and ruled that the maintenance and landscape development of gardens for government undertakings come under subcontract work and thus the GST will be applicable on it. M/s The Nurserymen Cooperative Society LTD, Lalbagh, Bangalore is the applicant in this matter […]

GST Levy Terms on Disposal of Capital Goods

GST on Disposal of Company’s Capital Goods or Assets in CGST Act 2017

Capital Good – Defined Under CGST Act 2017 As mentioned under section 2(19) of the Central Goods and Service Act 2017, Capital Goods under GST are termed as goods whose value is capitalized (recorded as an asset) in the Books of Accounts which can either be claimed by the assessee as the Input Tax Credit […]

AAR - Software without Customization Under Supply of Goods

Software without Customization to be Categorized Under “Supply of Goods”: AAR

The Authority of Advance Rulings, Karnataka ruled that the sale of software that is not created for a specific client and does not have feature of customization will be sold & categorized as “Supply of Goods Get to know GST provisions and rules on the free supply of goods. Also, we have included rules regarding […]

Delivery Challan Under GST

Delivery Challan Under GST with Format and Issuing Method

Meaning of Delivery Challan Under GST Delivery challan is also known as a delivery slip or a dispatch challan. It is an important document created for the transportation of goods from one place to another which may or may not result in sales. Delivery challan under GST is sent along with the goods and it […]

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