GST

Check what will get costlier in the coming month Goods/Services   Older rate New rate  Printing, writing or drawing ink  12% 18%  Knives, pencil sharpners, blades, forks, spoons, ladles  12% 18%  Centrifugal pumps, deep tube-well turbine pumps, submersible pumps, bicycle pumps  12% 18%  Machines for cleaning, sorting or grading, seed, grain pulses;…

The 47th GST Council meeting was held on the 28th and 29th of June 2022 in Chandigarh. Union FM Nirmala Sitharaman chaired this meeting and made key recommendations to revise rates goods and services. Further, the GST exemption list was trimmed down and modifications to the GSTR-3B format are now opened…

The 47th GST Council meeting is being held on the 28th and 29th of June 2022 in Chandigarh. Union FM Nirmala Sitharaman is chairing this meeting and may make key recommendations to revise rates for 14 goods and 22 services. Further, the GST exemption list could be trimmed down and modifications…

Central Board of Indirect Taxes and Customs has issued GST notification number 8/2022 related to waive-off interest for form GSTR 8 Non-filing through E-Commerce operators.

The new GST rate of 6% is reported online in GSTR-1. 

The CBIC department has published instruction kit no.01/2022-23 related to search, inspection, or investigation

The GST department has shared notification no.07 under section 47 related to waiving off late fees of filing the GSTR 4 form till 30th June 2022 for FY 2021-22. 

The time limit for the party to file an appeal before the AA is 3 months from the date of communication of the impugned order. But the AA may condone a delay of up to one month, if he is satisfied that there was sufficient cause for such delay.

S. 13 (8) (b) : Constitutional validity – Service provider – Deeming fiction – Export of service – The export of service by the petitioner as intermediary would be treated as intra-state supply of services under section 13(8)(b) read with section 8(2) of the IGST Act rendering such transaction liable…