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Services rendered abroad would amount to export of service and hence GST will not be applicable on such transactions
The honourable Bombay High Court in the case of Jar Productions Private Limited Vs. The Union of India & Ors. {WRIT PETITION NO.1143 OF 2021} has held that the GST will not be applied upon the export of service transactions . Some relevant observation of the court...
NIL rate of Interest for filing GSTR-8 for certain class of registered persons
The Central Board of Indirect Taxes and Customs (CBIC) issued notification thereby provides for the rate of interest per annum to be ‘Nil’, for the class of registered persons, who were required to furnish the statement in FORM GSTR-8, but failed to furnish the said...
Club Entrance/ Admission Fees forming part of the corpus ,Annual Subscription Fees or Maintenance Fees are liable for GST
The Maharashtra Advance Authority for Ruling (AAR) has upon the advance ruling application filed by the M/s Navi Mumbai Sports Association , has ruled that the Entrance/ Admission Fees forming part of the corpus ,Annual Subscription Fees or Maintenance fees collected...
The Input Tax Credit is allowable on Insurance Services: CESTAT
Learn more here The Ahmedabad Bench of Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has allowed Cenvat Credit on Insurance Services. Some relevant finding of the tribunal is : “As regards the other services such as group Medi-claim Insurance, Group...
The serving of notice in case of inspection of the premises of the assessee is mandatory as per Rule 25 of the Central Goods & Service Tax Rules, 2017.
The honourable Delhi High Court in the case of MICRO FOCUS SOFTWARE SOLUTIONS INDIA PRIVATE LIMITED Vs. UNION OF INDIA & ANR. has observed that “The order whereby the application for revocation was rejected which is, as noticed above, the order dated 18.12.2021, shows...
Whether ITC is allowable in case suppliers subsequently found to be fake or bogus?
The honourable Calcutta high court in the case of Sanchita Kundu & Anr.Vs.The Assistant Commissioner of State Tax, Bureau of Investigation, South Bengal & Ors. has given judgement in favour of the assessee . The court while remanding back the case to the respondent...