Goods and Services Tax (GST) Archives

March 12, 2022 / Goods and Services Tax (GST)

Appeal under GST

Any person aggrieved with the order passed by an adjudicating authority can file an appeal in GST before the First Appellate Authority.

Who is Adjudicating Authority?
Adjudicating Authority is the authority which passes an order or decision against which we appeal.

Who is First Appellate Authority?
(i) The first appellate authority would be Commissioner (Appeals) where the adjudicating authority is Additional or Joint Commissioner
(ii) The first appellate authority would be Joint Commissioner (Appeals) where the adjudicating authority is Deputy …

January 17, 2022 / Goods and Services Tax (GST)

GST Rate Structure for Real Estate Sector

Real estate sector is one of the major economic sector for any country, especially India where this sector is getting the attention in the recent years. In this article we are going to discuss about GST implication in Real estate sector more predominantly real estate residential housing sector.

Following are some of the activities which are treated as supply for charging GST in Real Estate –

Renting of residential property
Construction of a residential complex, building including a complex or

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December 30, 2021 / Goods and Services Tax (GST)

Deadlines extended for ROC & GST compliances and its effect on Government’s revenue

ROC Compliances: Extension of deadlines
In addition to the Ministry’s General Circular No.17/2021 dated 29.10.2021, it has been decided that no additional fees will be levied for the filing of e-forms AOC-4, AOC-4 (CFS), AOC-4 XBRL, AOC-4 Non-XBRL up to 15.02.2022 and up to 28.02.2022 for the filing of or filing of e-forms MGT-7/MGT-7A for the financial year ended on 31.03.2021, in light of various requests received from stakeholders During this time, only normal fees will be charged for …

June 11, 2021 / Goods and Services Tax (GST)

Export of services under GST

The Government is always concerned about the country’s exports and therefore, they are pretty keen to pamper the exporter by incentivizing and providing certain privileges to them. On the other hand, it is the utmost duty of the government’s department to curb down the fraudster who pretend to be the exporter and defrauding the revenue by their illicit activities. Below are the provisions in GST related to export of service.

As per section 2(6) of IGST Act, 2017, “export of …

April 2, 2021 / Goods and Services Tax (GST)

E-Invoicing under GST – Provisions

Digital Technology is prevalent across every aspect of our daily lives and has transformed the way we live, communicate and conduct business. With an objective to Digitize Tax Administration & ease out the way business is conducted, the Government of India has introduced E-Invoicing for businesses in India. E-invoicing is considered as an important pillar of the digital architecture of tax administration both from tax payer’s and government’s perspective.

“E-Invoice” or “Electronic Invoice” is a form of electronic billing. It’s …

June 20, 2020 / Goods and Services Tax (GST)

Clarification on Taxability of Director Remuneration in GST

The recent ruling by GST AAR Rajasthan in the case of M/s Clay Crafts India Pvt Ltd., it was held that the Directors of the company cannot be considered as the employee of the company and thus they are outside the purview of Clause (1) of Schedule III of CGST Act, 2017 and the consideration paid by the company to the directors in any manner, whether as salary or commission, shall be taxable under GST in the hands of …

May 26, 2020 / Goods and Services Tax (GST)

Relaxation in GST due to COVID-19 pandemic

Recently, changes have been made vide CGST Notifications dated 23-3-2020 and 3-4-2020, in respect of filing GSTR-3B and GSTR-1 returns for the period February 2020 to May 2020. The extension is due to COVID-19 pandemic (Corona Virus). There is impression in some quarters that due dates of filing of GSTR-1 and GSTR-3B return has been extended. In fact, it is not so. There are only relaxations in respect of filing these returns to be filed for tax period February 2020 …

April 30, 2020 / Goods and Services Tax (GST)

GST on Tour Operator Services

‘Tour Operator’ shall mean any person engaged in the business of planning, scheduling, organizing, arranging tours (which may include arrangements for accommodation, sightseeing or other similar services) by any mode of transport, and includes any person engaged in the business of operating tours. The definition is provided by the Explanation in Heading 9985 of GST Tariff Act, 2017.

For example, Make my Trip, Expedia etc. These companies provide a complete package of tour which includes Boarding & Lodging, Transportation, Local …

January 1, 2021 / Goods and Services Tax (GST)

Decisions taken In 39th GST council meeting

Article summarises Decisions Taken In 39th Meeting of GST Council on 14th March 2020.

ANNUAL RETURN

Relaxation of MSMEs from furnishing of Reconciliation Statement in FORM GSTR 9C for the F.Y. 2018-2019, for taxpayers having aggregate turnover > Rs.5 crores.
Due date for filling Annual Return and the Reconciliation Statement for the F.Y. 2018-2019 to be extended to 30.06.2020.
Late fees not to be levied for delayed filing of the Annual Return and Reconciliation Statement forn F.Y. 2017-18 and 2018-19.

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