GST Articles

Decoding GST on remuneration paid to directors

Anirban Sinha 15 April 2020 at 10:51

Taxability on remuneration paid to the Directors

GST Classification of Ayurvedic Beauty and Make-up Preparations

Deepali Mishra 13 April 2020 at 11:02

GST Classification of Ayurvedic Beauty and Make-up Preparations. The rate of tax of products covered under the head of Medicaments is 12%, the same product when seen with the eyes of cosmetics corresponds to 18% and even 28% in certain cases.

E-way Bill rules: Vehicle detention and confiscation procedures

Hemant Kumar Gupta 13 April 2020 at 11:02

Vehicle without e-way bills can be confiscated. Section 68 of the CGST Act, 2017 read with Section 129 of CGST Act, 2017 read with Rule 138B of CGST Rules, 2017 gives the right to the respective officer to intercept the vehicle and check the documents relating to goods being carried in the vehicle.

Update on foreign trade policy 2015-20

Pradeep Jain 13 April 2020 at 11:02

The Central Govt. has made following changes, with immediate effect in respect of Foreign Trade Policy 2015-20 vide notification no. 57/2015-2020 dated 31st Mar..

Is GST payable under RCM on Director's Remuneration or not?

CA Umesh Sharma 13 April 2020 at 11:02

Is GST payable under RCM on Director's Remuneration or not? The Director's remuneration in case of employee director does not fall under the purview of supply itself, and hence, RCM provisions are not applicable to it.

Composite and Mixed Supply under GST

CA Sudhir Halakhandi 10 April 2020 at 13:55

Composite Supply and Mixed Supply differ from one another. Composite supply means the supply of two or more goods naturally bundled together. Mixed supply means two or more individual supplies of goods or services, or any combination thereof, made in conjunction with each other.

GST on Directors Remuneration

Rohit Kumar Singh 10 April 2020 at 10:37

There is no need to pay GST on remuneration paid to directors. If the director and the Company have entered into an agreement/Contract and the director is engaged in full-time employment of the Company. an advance ruling is not applicable to similarly placed other taxable persons in the State. It is only limited to the person who has applied for an advance ruling.