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Treatment of Job Work in GST and Form ITC-04

    

Paver blocks laid down for parking of cars to avoid quicker wear & tear due to accumulation of water & dust amounts to construction of immovable property and not eligible for GST Input: Says AAR

    

Rule 36(4) - Buyer's ITC at the mercy of supplier?

    

High Court stayed interest, penalty and further investigation of other products of Whirlpool in response to writ filed by them.

    

Poultry Meal to attract 5% GST whereas Poultry Fat to attract 12% GST: Says AAR

    

GST on lease premium charges, annual lease rentals and maintenance charges paid on lease of land for own bulding construction is restricted and not eligible for ITC as per section 17(5)(d): Says AAR

    

Supply of food to Hospital on outsourcing basis to hospital patients shall be chargeable to 5% GST with no input w.e.f. 27.07.2018: Says AAR

    

GST Profiteering of Rs. 1,57,200 established in the case of supply of Duracell Battery AA/6 by respondent.

    

Revocation of GST Registration Applications

    

GSTR-4 Offline utility is now available on GST Portal

    
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Finance Bill

Govt substitutes the sub-rule 3 of Rule 11 of Goods and Services Tax Settlement of Funds Rules w.e.f. 04.06.2018. After substitution sub-rule 3 reads as under:

"(3) At any point of time in any particular financial year, the Central Government may, on the recommendations of the Council, provisionally settle any sum of integrated goods and services tax collected in that particular financial year which has not been settled so far which will be adjusted in the subsequent month(s)/year(s), based on the returns filed by the taxpayers."

Therefore, Central Government is now empowered to provisionally settle the unsettled amount of IGST collected in that financial year. However, which will be adjusted in the subsequent month(s)/year(s), based on the returns filed by the taxpayers."

Read Rule 11

Read all rules of Goods and Services Tax Settlement of Funds Rules

 


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Published by

TaxReply

on Jun 6, 2018


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