Brief: Taxability on various promotional instruments like gift vouchers, coupons, cards etc. as to what are the nature of the same and what will be the tax implications on the same. Meaning: Some of the instruments are defined as follows: Vouchers: Voucher in terms of…
RCM on services of Directors Section 7 of the CGST Act provides an inclusive definition of supply that includes all forms of supply of goods or services or both such as sale, transfer, barter, exchange, license, rental, lease or disposal made or agreed to…
CBIC vide Notification No. 37/2020 – Central Tax Dated 28th April, 2020 has notified that Rule 87(13) of The CGST Rules, 2017 shall be applicable from 21st April 2020 Know every thing about functionality and FAQ Full text of the Notification: "In exercise of the…
HIGH COURT OF ALLAHABAD Jindal Pipes Limited. v. State of U.P. Full Facts: The Movement of Goods was for 980 Kilometers (Kms) however E-Way Bill stated 90 Kms. Goods seized after intercepted on 20th, August 2018. The petitioner deposited amount towards Tax and penalty…
Relevant Legal Provisions Section 31(3)(f) of The CGST Act, 2017 | Requirement of Self-Generated Invoice “a registered person who is liable to pay tax under sub-section (3) or sub-section (4) of section 9 shall issue an invoice in respect of goods or services or both…
Case Study: Procedure to be followed for Activity of sending / taking the goods out of India for exhibition or on consignment basis (hereinafter referred to as said activity) for export promotion. Such goods sent / taken out of India crystallise into exports, wholly…
CBIC wide Circular No. 113/32/2019-GST Dated,11th October, 2019 has Clarified various Representations in respect of Classification and applicable GST rates on the following items: (i) Classification of leguminous vegetables such as grams when subjected to mild heat treatment Thus, it is clarified that such leguminous…
Taxability in GST and Service Tax Services proved by the Government to business entities including by way of grant of privileges, licences, mining rights, natural resources such as spectrum etc. against payment of consideration in the form of fee, royalty etc. are taxable under…