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No ITC for Construction- Notification No. 12/2017

No refund of unutilized ITC will be allowed input tax credit shall be allowed for IGST in construction of a complex, building etc. (works contract). Except in cases where the entire consideration has been received after issuance of completion certificate or after its first occupation, whichever is earlier.

Panchayat services- Notification No. 11/2017

  Constitutional services of the Panchayat are not covered under GST.

All about OIDAR Services

All about OIDAR Services Online Information and Data Access or Retrieval Services Business today takes a variety of forms, with many of them residing on the internet. Many of such business do not require human intervention, the products of these businesses are available immediately for download or streaming. These businesses have eliminated the infrastructure and operational overheads for launching e-products and can typically run into several thousands of dollars.Read more

Impact of GST on Housing Society Resident Welfare Association (RWA)

Supply of service by RWA (unincorporated body or a registered non- profit entity) to its own members by way of reimbursement of charges or share of contribution up to an amount of Rs. 5000 per month per member for providing services and goods for the common use of its members in a housing society or a residential complex are exempt from GST. Further, if the aggregate turnover of suchRead more

No GST on Annual subscription/fees charged as lodging/boarding charges by educational institutions from its students for hostel accommodation

Services provided by an educational institution to students, faculty and staff are fully exempt. Educational institution has been defined as an institution imparting (i) pre-school education and education up to higher secondary school or equivalent; (ii) education as a part of a curriculum for obtaining a qualification recognized by any law for the time being in force; (iii) education as a part of an approved vocational education course. Thus,Read more

Tax in reverse charge on gold ornaments

Section 9(4) of the CGST Act, 2017 mandates that tax on supply of taxable goods by an unregistered supplier to a registered person will be paid by the registered person under reverse charge mechanism. This provision, however, must be read in conjunction with section 2(105) read with section 7 of the CGST Act, 2017. Section 2 (105) defines supplier as a person supplying the goods or services. Section 7Read more

Password for Provisional ID not received

The issue faced here relates to Provisional ID being received by an assessee but requisite password for future use was not received. The issue was forwarded to CBEC Mitra Helpdesk wherein it was clarified that in case the password to the Provision ID has not been issued it might be a case where Registration Certificate had been cancelled. If the Provisional ID was cancelled, or assessee has been unableRead more

Applicability of the Margin Scheme under GST for dealers in second hand goods in general and for dealers in old and used empty bottles in particular

Rule 32(5) of the Central Goods and Services Tax (CGST) Rules, 2017 provides that where a taxable supply is provided by a person dealing in buying and selling of second hand goods i.e., used goods as such or after such minor processing which does not change the nature of the goods and where no input tax credit has been availed on the purchase of such goods, the value ofRead more

Position regarding applicability of GST on Legal Services provided by individual Advocates including Senior Advocates and a Firm of Advocates

There are points being raised about the applicability of GST on legal services provided by advocates – whether it is in forward charge or reverse charge. It may be mentioned that there is no change made in taxation of legal services in the GST era. In this context, it is further clarified that legal service has been defined to mean any service provided in relation to advice, consultancy orRead more

Provisions related to registration under GST regime

As per the GST laws, one is required to take registration on or before 30th July 2017. All traders are requested to register now without waiting for the last date. If one is carrying-out any business and have an Annual Aggregate turnover in the preceding Financial Year exceeding Rs. 20 lakh (Rs. 10 lakh in Special Category States), you need to register in all the States/Union Territories from whereRead more

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