Exports under GST are defined as goods or services sent from our country to another country against monetary consideration and realization of foreign exchange earnings. These are referred to as zero rated supplies. The issue emerging is related to refund of input tax credit in case …
The Central Board Indirect Taxes and Customs (CBIC) has extended due dates of the GST Returns, i.e., GSTR-1, GSTR-7 and GSTR-3B in Jammu and Kashmir. As per Notifications no.’s 57 to 61 dated 26-11-2019, it has been clarified that the due date has been extended, “For …
The Central Board of Indirect Taxes and Customs (CBIC) has notified Transition Plan under Goods and Services Tax ( GST ) for those persons whose principal place of business or place of business lies in the erstwhile State of Jammu and Kashmir till the 30th day …
The ministry of finance plans to come up with lottery scheme to lure consumers to pay GST (Goods and Service Tax). This scheme is similar as the scheme introduced by Delhi government to reward consumer for paying VAT (value added tax), named “Bill Banao, inaam pao” …
Frauds under GST :As there was a practice of claiming false input tax credit under the erstwhile tax regime by generating false invoices the same doing is witnessed under the GST regime. The central goods and service tax department has arrested 4 persons for indulging in …
GSTR 9 & 9C has been Extended to 31.12.2019 for FY 2017-18. CBDT enters into 26 “Advance Pricing Agreements (APA)” during the current Financial Year (2019-20) Punjab sanctions Rs 97 Crore for GST & VAT Refund
Facts of the case: The Applicant, Shri Vijay B. Shirke is duly registered under the GST. He owns horses and the horses owned by the applicant participate in the races organized at different clubs. The horse races take place at Royal Western India Turf Club (RWITC) …
Facts of the case: M/s Shri Keshav Cement and Infra Limited, the applicant is engaged in the business of manufacturing of cement and has two manufacturing units – one each at Kaladgi and Lokhapur. The Applicant has recently installed a captive solar electricity power plant which has …
The CBIC has released a copy of Central Goods & Services Tax Rules, 2017 (“CGST Rules”) for the convenience and easy reference of the trade and industry. The copy has been updated with new amendments till October 9, 2019. Download updated CGST Rules: CGST Rules 2017
