Daily Archives: July 6, 2018

GST on Rakhi Clarified by WEST BENGAL AAR

By | July 6, 2018

GST on Rakhi ? The Applicant has to classify the goods “Rakhi” as per its constituent materials in accordance with Rule 3(c) of Rules for Interpretation of the Customs Tariff Act, 1975, as laid down in Explanatory Notes (iv) of Notification No 1/2017-CT(Rate) dated 28.06.2017 (Note (v) of 1125 –FT dated 28/06/2017 of State Tax).… Read More »

Notification No 29/2018 Central Tax : CGST (Seventh Amendment) Rules 2018

By | July 6, 2018

Notification No 29/2018 Central Tax Summary of Notification No 29/2018 Central Tax Seek to make amendments (Seventh Amendment, 2018) to the CGST Rules, 2017 vide Notification No. 29/2018 Central Tax Dated 6th July, 2018 Notification No 29/2018 Central Tax [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance… Read More »

Do expeditious adjudication for release of detained goods under GST : KERALA HC

By | July 6, 2018

HIGH COURT OF KERALA Ajith A.R. v. State Tax Officer, Trivandrum P.B. SURESH KUMAR, J. W.P. (C) NO. 16378 OF 2018 MAY  23, 2018 M.R. Sarin, Adv. for the Petitioner. V.K. Shamsudeen, Sr. Govt. Pleader for the Respondent. JUDGMENT   1. Petitioner seeks release of the goods detained by the first respondent under Section 129 of the Central Goods… Read More »

GST on subsidized Food provided to employee

By | July 6, 2018

GST on subsidized Food provided to employee We run canteen in our Plant where Food is provided to employees at subsidized rates. There is service order issued to out side contractor who prepares food in our premises. We know GST is applicable on the amount paid to contractors. But is GST applicable on the amount… Read More »

Category: GST

New GST News 06.07.18

By | July 6, 2018

New GST News 06.07.18 [ Join online GST Course by CA Satbir Singh ] New GST News GST and Income Tax Calendar July 2018 Defence against Writ Petitions/PILs relating to GST : CBIC Instructions ITC is available even if supplies made under concessional rate of 5% GST: AAR Pay GST on non tariff charges recovered… Read More »

New RBI Master Circulars on Penalties for bank branches

By | July 6, 2018

RBI Master Circulars issued on 05.07.18 RBI Master Circular : Penalties for bank branches for customer service performance Master Direction on Currency Distribution & Exchange Scheme (CDES) based on performance in rendering customer service to the members of public Master Direction on Levy of Penal Interest for Delayed Reporting / Wrong Reporting / Non-Reporting of… Read More »