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Interestingly the name itself Inverted Duty Refund as per GST is synonymous with its meaning. Long story short, the Inverted Duty structure is a mechanism wherein the rate of the tax on the inputs is greater than the rate of the tax on the output supplies. Consequently, in the aforesaid cases. The input tax credit […]
The government tendering decision is settled to follow the GST post to the statement of the tax ruling has stated it constitutes the supply of services. In the past ruling, the GST must be applied upon the processing fees which is 18% and it is applicable whether doing it online or offline said Maharashtra Authority […]
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 […]
Goods and services tax network (GSTN) is provided some amendment context to the QRMP policy executed on the GST portal for the assessee are provided below: Auto-populate GSTR-3B liability from Form GSTR 1 & IFF Under the QRMP policy which shows their liability via optional IFF for month 1 and month 2 of the quarter […]
The Haryana Authority of Advanced Ruling, on Monday, ruled that no GST shall be applicable on delivering training to those students who are sponsored by the central or state government. Here in this case the applicant is Messrs Sachdeva College Ltd which is engaged in the domain of providing Education. And interestingly the aforesaid education […]
The Input Tax Credit (ITC) under the mechanism of Goods and Service Tax plays a crucial role for a business and if it is mismanaged, it might adversely affect its working capital. And The GST Act 2017 has laid down a set of rules for claiming and utilizing ITC by every taxpayer. Basics of Input […]
The Tripura High Court passed a ruling that the GST shall be levied on the sale of rice even if the Brand name is not registered. Here in this case the petitioner is Messrs Sarvasiddhi Agrotech Pvt. Ltd. which is a registered company and is in the trade of the supply of rice in the […]
Often there is chaos whether GST is applicable to the foreign company or the Indian subsidiary of the foreign company. The Tamil Nadu AAAR passed a ruling that the GST is leviable on Credit card expenses incurred by employees of an Indian subsidiary of a foreign company. The appellant is “Messrs ICU Medical LLP” which […]
A special drive has been launched by The Central Board of Indirect Taxes and Customs (CBIC) for clearing all the pending GST refunds by the end of this month. This is a 15-day GST refund drive which is in parallel to the similar drive that has been launched by CBIC for the purpose of refunding […]
