Rule 96 CGST Rules 2017 Summary of Rule 96 CGST Rules 2017 ( Rule 96 CGST Rules 2017 explains Refund of integrated tax paid on goods exported out of India and is covered in Chapter X – Refund : Inserted by the Central Goods and Services Tax (Second Amendment) Rules, 2017, w.e.f. 1-7-2017 Amended by Central Goods and Services Tax (Third Amendment) Rules, 2017, Central… Read More »
Notification No. 61 /2017 Dated 12th July, 2017 Method for Fair market value of unquoted equity share prescribed vide Notification No. 61 /2017 Dated 12th July, 2017 MINISTRY OF FINANCE (Department of Revenue) [CENTRAL BOARD OF DIRECT TAXES] NOTIFICATION New Delhi, the 12th July, 2017 INCOME-TAX G.S.R. 865(E).—In exercise of the powers conferred by section 50CA and sub-section… Read More »
ROSL Advisory to the System Managers / Assistant System Managers of all Customs Locations The ROSL scroll generation has been started. The System Managers are requested to instruct the DC/ AC (Drawback) to follow the procedure given below: 1. Temporary ROSL Scroll of smaller amounts (10-15 Cr.) to be generated, so that rejections, if any,… Read More »
Services provided by the Housing Society Resident Welfare Association (RWA) not to become expensive under GST; There is no change made to services provided by the Housing Society (RWA) to its members in the GST regime. There are some press reports that services provided by a Housing Society [Resident Welfare Association (RWA)] will become expensive… Read More »
No GST on Annual subscription/fees charged as lodging/boarding charges by educational institutions from its students for hostel accommodation; Services provided by an educational institution to students, faculty and staff are fully exempt from GST. There are some reports that GST@18% will be levied on annual subscription/fees charged for lodging in hostels. This is not true. … Read More »
GST Forms Composition Forms Sr No Form No Description 1. GST CMP-01 Intimation to pay tax under Section 10 (composition levy) (Only for persons registered under the existing law migrating on the appointed day) 2. GST CMP-02 Intimation to pay tax under Section 10 (composition levy) (For persons registered under the Act) 3. GST CMP-03 Intimation… Read More »
Rule 95 CGST Rules 2017 Summary of Rule 95 CGST Rules 2017 ( Rule 95 CGST Rules 2017 explains Refund of tax to certain persons and is covered in Chapter X – Refund : Inserted by the Central Goods and Services Tax (Second Amendment) Rules, 2017, w.e.f. 1-7-2017 Amended by Central Goods and Services Tax (Fourteenth Amendment) Rules, 2017 Central Goods and Services Tax (Fifth… Read More »
Rule 94 CGST Rules 2017 Summary of Rule 94 CGST Rules 2017 ( Rule 94 CGST Rules 2017 explains Order sanctioning interest on delayed refunds and is covered in Chapter X – Refund : Inserted by the Central Goods and Services Tax (Second Amendment) Rules, 2017, w.e.f. 1-7-2017.) Rule 94 CGST Rules 2017 Order sanctioning interest on delayed refunds 94. Where any interest is due… Read More »
Rule 93 CGST Rules 2017 Summary of Rule 93 CGST Rules 2017 ( Rule 93 CGST Rules 2017 explains Credit of the amount of rejected refund claim and is covered in Chapter X – Refund : Inserted by the Central Goods and Services Tax (Second Amendment) Rules, 2017, w.e.f. 1-7-2017.) Rule 93 CGST Rules 2017 Credit of the amount of rejected refund claim 93. (1)… Read More »
Rule 92 CGST Rules 2017 Summary of Rule 92 CGST Rules 2017 ( Rule 92 CGST Rules 2017 explains Order sanctioning refund and is covered in Chapter X – Refund : Inserted by the Central Goods and Services Tax (Second Amendment) Rules, 2017, w.e.f. 1-7-2017.) Rule 92 CGST Rules 2017 Order sanctioning refund 92. (1) Where, upon examination of the application, the proper officer is… Read More »