CBIC has further amended Notification No. 11/2017-Central Tax (Rate) dated June 28, 2017 ("Services rate notification"), in order to adhere to the recommendations of the 45th GST Council Meeting.
CBIC has further amended Notification No. 01/2017-Central Tax (Rate) dated June 28, 2017, as amended from time to time, in order to adhere to the recommendations of the 45th GST Council Meeting.
Finally, after facing every step of hurdle during past financial year, the final goal of every taxpayer is to assess their business records and analyze and correct the mistakes made during the past financial year either through GSTR-1 and GSTR-3B of September, 2021, following the end of financial year, being 2020- 21
The GST Council in its 45th meeting is expected to review the reductions made in the 44th GST Council meeting and discuss the compensation structure going ahead.
It has been proposed to insert the new clause ‘(aa)’, after clause (a), in Section 16(2) of the CGST Act, that provides an additional requirement to claim ITC based on GSTR-2A and newly introduced GSTR-2B.
Discussing the judicial pronouncement which states that supply of telemedicine with a medical kit containing pulse oximeter, glucometer constitutes as ‘mixed supply'.
Discussing seven important judicial pronouncements under GST on the classification of various health care services used by the healthcare industry.
Discussing judicial pronouncements that state that Sanitizers used for 'care, not cure for COVID', are not classifiable as 'Medicaments' and 'Hand-Sanitizers' taxable at 18%, denies exemption as 'essential commodity' under GST.
In the GST regime, the Government minimized the burden of tax by exempting certain health care services as welfare measures for the citizen of the country. Discussing some judicial pronouncements related to Health Care Services.
In this article, we have discussed about the ITC compliances and procedure that has to be followed by the registered taxpayers under the provisions of the GST Law as on March 31, 2021.
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"