GST Articles
GST not payable on volume discount where no GST adjustment is made: AAR
Synopsis: The Hon'ble AAR, Karnataka in the case of M/s Kwality Mobikes (P) Ltd. inAdvance Ruling No. KAR ADRG 7/2019 decided on September 24, 2019 has held tha...
Interaction with GST expert CA Sushil Goyal
This is an excerpt from the interaction of CA Sudhir Halakandi with GST Expert CA Sushil Goyal
Renting of Motor Vehicles - RCM
Among the other decisions taken in 37th GST Council Meetings held on 20th September 2019, liability to pay tax on reverse charge basis on service of renting of motor vehicles is also decided and made effective through notification no 22/2019 Central Tax (Rate) dated 30th September 2019 w.e.f. 1st October 2019
Refund under Inverted Duty Structure and Verdicts
The article discusses on the Refund under Inverted Duty Structure and Verdicts
Seats for railway coaches taxable @18% GST: AAR
The Hon'ble AAR, Punjab in the matter of M/s. Sutlej Coach Products Pvt Ltd. held that 'Seats for Railway Coaches' supplied to Rail Coach Factory falls under Heading 9401, liable to GST at 18%, and cannot be classified at 5% under HSN 8607 as parts of Railway.
Ineligible ITC subjected to reversal under GST
If the dealer has taken ineleigible input tax credits, the same requires to be revered voluntarily to avoid penal action by the department. The relevant provisions quoted are under the CGST act only and hence relevant references under SGST/ UGST/ IGST act(s) shall be referred.
FAQ on view notices/orders and file reply to the issued notice in GST
FAQ on view notices/orders and file reply to the issued notice in GST
GST rate on royalty paid to obtain license for mining services
GST Update on applicable rate of GST on royalty paid to obtain license for mining service. The AAR recently held that the applicable rate of GST on the royalty paid under a mining lease agreement with the government attracted a GST rate of 18% under the reverse charge mechanism.
How GST E-invoice will work!
The GST Council approved the standard of e-invoice in its 37th meeting held on 20th Sept 2019
All about Form GST PMT-09
Now form GST PMT-09 is available on the Common Portal, which enables a registered person to transfer any amount of tax, interest, penalty, fee, etc. available in electronic cash ledger, to the appropriate tax or cess head.
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