Various GST Composition Scheme and Presumptive Schemes from 01.04.2019 We had COMPOSITION scheme for GOODS manufacturer or trader – at 1% . For RESTAURANT SERVICE supplier – at 5%. Now we have , COMPOSITION SCHEME (may be called as Presumptive Scheme) FOR SERVICE PROVIDER OR GOODS + SERVICE PROVIDER – at 6% for First 50… Read More »
The facility to upload Revised Return for the returns filed manually (Paper Filed Returns) is now enabled in e-Filing. Taxpayer are required to suffix ‘0’ (Zeros) in case the acknowledgment number of the original paper filed return is less than 15 digits. Example – Paper Filed Return Acknowledgement Number is – ‘1123456211’, in eFiled return… Read More »
APPELLATE AUTHORITY FOR ADVANCE RULING, GUJARAT Rashmi Hospitality Services (P.) Ltd., In re AJAY JAIN AND DR. P.D.VAGHELA, MEMBER ADVANCE RULING (APPEAL) NO. GUJ/GAAAR/APPEAL/2018/3 JULY 31, 2018 Surendra Shetty and Mehul P. Buch for the Applicant. RULING The Appellant M/s. Rashmi Hospitality Services Private Limited submitted that it is having business of caterers and supply food, beverages and other eatables (non-alcoholic… Read More »
In re Sardar Mal Cold Storage & Ice Factory (GST AAAR Rajasthan) Appeal Number RAJ/AAR/2018-19/03 Date of Judgement : 11/06/2018 1. M/s Sardar Mai Cold Storage & Ice Factory (hereinafter referred to as ‘Appellant’) had submitted an application seeking an Advance Ruling on the Entry No. 24 of the Notification No. 11/2017 Central tax (Rate)… Read More »
No GST is chargeable on the delayed payment charges collected from the consumers for delay in payment of consideration for supply of electricity . While GST is chargeable on the cheque dishonor charges collected ( by whatever name) from the consumers. GST AAAR Rajasthan In re M/s TP Ajmer Distribution Limited Order No. RAJ/AAAR/02/2018-19 Date… Read More »
The Goods and Services Tax Network ( GSTN ) has updated a new feature in the GST portal in connection with the filing of an application for ITC accumulated due to Inverted Tax Structure. “While filing refund application of input tax credit (ITC) accumulated due to Inverted Tax Structure, the taxpayer can now enter his… Read More »
How to Utilize Input Tax Credit if no Credit of IGST
Auto Reconciliation of Input Tax Credit on GST Portal
GST Penalty if Wrong Input Tax Credit availed or utilized Section of CGST Act 2017 Particulars Penalty 122(1)(vii) Takes or utilizes input tax credit without actual receipt of goods or services or both either fully or partially, in contravention of the provisions of this Act or the rules made thereunder; Rs. 10000 or… Read More »
GST Input Tax Credit Rules Changed from 01.02.2019 इनपुट टैक्स क्रेडिट नियम बदल गए Refer GST Input Tax Credit : Free Study Material