It’s a very common question while filing GSTR-3B, which Inputs to be considered whether as per GSTR-2A which stood as on the date of filing GSTR-3B or as per the Inputs available in GSTR-2B for the respective Month. Some people are…
Category: GST
GST Council decisions on rate changes on supply IN 35th GST Council Meeting
The 35th GST Council Meeting was held here today under the chairmanship of Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman. This was the first meeting of the Council after the swearing in of the new Government. The meeting was…
Major Changes in GST effective from 01.02.2019
Following Amendments would take effect under GST from 1st Feb 2019. Upper limit of turnover for opting composition scheme shall be raised from Rs. 1 Cr to Rs. 1.50 Cr. A Composite dealer(in goods) shall be allowed to supply services (other than…
Advance Ruling- What should be the rate of GST on works contract for constructing a civil structure for a Govt entity
Following Advance rulling passed by the WEST BENGAL AUTHORITY FOR ADVANCE RULING GOODS AND SERVICE TAX in the case of ITD Cementation India Ltd on 08.01.2019 1.The Applicant is stated to be supplying works contract service. He has entered into an agreement with Inland Waterways Authority of India (hereinafter the IWAI)…
Advance Ruling GST-Whether ITC is admissible on lease rental paid for the pre-operative period for the land on which a hotel is being constructed
Following Advance rulling passed by the WEST BENGAL AUTHORITY FOR ADVANCE RULING GOODS AND SERVICE TAX in the case of GGL HOTEL AND RESORT COMPANY LIMITED on 08.01.2019 The Applicant, stated to be in the hospitality and real estate business…
Issues to be addressed by GST Council on 32nd GST Council Meet
Issues to be addressed by GST Council on 32nd GST Council Meet Extending the Composition scheme to small service providers. The rate of tax and threshold limit to be proposed — Law Committee and Fitment Committee. Tax rate on lotteries…
Formation Of GoM As Recommended By The GST Council
The GST Council in its 31st meeting held today at New Delhi has approved the proposal to form a 7 Member Group of Ministers to study the revenue trend, including analysing the reasons for structural patterns affecting the revenue collection…
Detailed Recommendation of GST Council on 31st GST Council Meet
Recommendations made during 31stMeeting of the GST Council The GST Council in its 31st meeting held today at New Delhi made the following policy recommendations: There would be a single cash ledger for each tax hea The modalities for implementation…
Amendments proposed in 31st GST Council Meet
In-Principle approval given for Law Amendments during 31st Meeting of the GST Council The GST Council in its 31st meeting held today at New Delhi gave in principle approval to the following amendments in the GST Acts: Creation of a Centralised Appellate…
Reduction in GST rates/exemptions on services on 31st GST Council Meet
Reduction in GST rates/exemptions on services: GST rate on cinema tickets above 100 shall be reduced from 28% to 18% and on cinema tickets upto Rs. 100 from 18% to 12%. GST rate on third party insurance premium of goods carrying…