Category: GST

Exemption to One time upfront amount by State Government Industrial Development Corporations etc.-Explanation

Exemption to One time upfront amount by State Government Industrial Development Corporations or Undertakings to industrial units-Explanation The CBIC vide Notification No. 12/2017- Central Tax (Rate) dated 28/06/2017 had exempted the intra-State supply of services of “One time upfront amount (called as premium, salami, cost, price, development charges or …

CBIC Modifies interception/inspection procedure for goods, specifies 6 conditions when action u/s 129 not be initiated for error in invoice/e-way bill

CBIC Modifies interception, inspection and detention procedure for goods, specifies 6 conditions when action u/s 129 not be initiated for error in invoice/e-way bill Circular No. 64/38/2018-GST CBEC/20/16/03/2017-GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs GST Policy Wing *** …