GST Archives - Page 5 of 18 - All About Finance

GST on Services of Business Facilitator (BF) or a Business Correspondent (BC) to Banking Company

January 9, 2019 by Taxclick Team

Circular No. 86/05/2019- GST F. No. 354/428/2018-TRU Government of India Ministry of Finance Department of Revenue Tax research Unit **** Room No. 156, North Block, New Delhi, the 1st January, 2018 To, The Principal Chief Commissioners/ Chief Commissioners/ Principal Commissioners/ Commissioner of Central Tax (All) / The Principal Director Generals/ Director Generals (All) Madam/Sir, Subject: … Read more

Clarification on GST rate applicable on supply of food and beverage services by educational institution

January 9, 2019 by Taxclick Team

Circular No. 85/04/2019- GST F.No. 354/428/2018-TRU Government of India Ministry of Finance Department of Revenue Tax research Unit **** Room No. 156, North Block, New Delhi, the 1st January, 2019 To, The Principal Chief Commissioners/ Chief Commissioners/ Principal Commissioners/ Commissioner of Central Tax (All) / The Principal Director Generals/ Director Generals (All) Madam/Sir, Subject: Clarification … Read more

Clarification on issue of classification of service of printing of pictures covered under 998386

January 9, 2019 by Taxclick Team

Circular No. 84/03/2019-GST F. No. 354/428/2018-TRU Government of India Ministry of Finance Department of Revenue Tax research Unit **** Room No. 146G, North Block, New Delhi, the 1th January 2019 To, The Principal Chief Commissioners/ Chief Commissioners/ Principal Commissioners/ Commissioner of Central Tax (All) / The Principal Director Generals/ Director Generals (All) Madam/Sir, Subject: Clarification … Read more

Applicability of GST on Asian Development Bank (ADB) and International Finance Corporation (IFC)

January 9, 2019 by Taxclick Team

Circular No. 83/02/2019- GST F. No. 354/428/2018-TRU Government of India Ministry of Finance Department of Revenue Tax research Unit ***** North Block, New Delhi, Dated the 1st January, 2019 To, The Principal Chief Commissioners/ Chief Commissioners/ Principal Commissioners/ Commissioner of Central Tax (All) /The Principal Director Generals/ Director Generals (All) Madam/Sir, Subject: Applicability of GST … Read more

Applicability of GST on various programmes conducted by the Indian Institutes of Managements (IIMs)

January 9, 2019January 9, 2019 by Taxclick Team

Circular No. 82/01/2019- GST F. No. 354/428/2018-TRU Government of India Ministry of Finance Department of Revenue Tax research Unit **** Room No. 146, North Block, New Delhi, the 1st January, 2019 To: The Principal Chief Commissioners/ Chief Commissioners/ Principal Commissioners/ Commissioner of Central Tax (All) / The Principal Director Generals/ Director Generals (All) Madam/Sir, Subject: … Read more

Central Goods and Services Tax (Amendment) Act, 2018- Clarification regarding section 140(1) of the CGST Act, 2017

January 9, 2019January 9, 2019 by Taxclick Team

Circular No. 87/06/2019-GST F.No. 267/80/2018-CX.8 Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs New Delhi, the 2nd Jan, 2019 To The Principal Chief Commissioners/ Chief Commissioners/ Principal Commissioners/ Commissioner of Central Tax (All) The Principal Director Generals/ Director Generals (All) Madam/ Sir, Sub: Central Goods and Services … Read more

FAQ’s on Form GSTR-9

December 5, 2018 by Taxclick Team

The IDTC of ICAI has released GST FAQs on Form GSTR 9 – Annual Return, which is as below:- FAQ’s on Form GSTR-9 – Annual Return DISCLAIMER The views expressed in this write up are of the author(s). The Institute of Chartered Accountants of India may not necessarily subscribe to the views expressed by the … Read more

Joint Development by Land Owner and Builder/Developer

November 24, 2018 by CA Yashwant Kasar

In some cases, the land owner and builder/developer may have a joint venture for the construction project. In some cases, they may form a separate legal entity or they may operate as UJV (Unincorporated Joint Venture). In such cases, GST will be payable. Para 2.7 of CBI&C Circular No. 151/2/2012-ST dated 10-2-2012 states as follows … Read more

Transferor of TDR or development rights to land to builder will be liable to pay GST

November 24, 2018 by CA Yashwant Kasar

Purchaser Of Flat Is Not Liable To Tax Even If He Sales Before Occupation Or Completion The Purchaser of flat is not liable to tax even if he sales before occupation or completion, for two reasons – He is not supplying construction service, as deeming provision requires supply of construction service He is not in … Read more

GST for Builders and Developers

November 24, 2018 by CA Yashwant Kasar

Introduction Works Contract Service is a specie of construction service. This activity has special relevance as it has been a very litigation prone issue. Earlier, after introduction of service tax on services, complexities of ‘works contract’ increased as issue of valuation, TDS and reverse charge made this issue complex. After introduction of GST and abolition … Read more