With a view to remove any doubt or uncertainty regarding rate of GST applicable on supply of food and drinks in educational institutions, the Finance Ministry has clarified that : –
i. GST rate on supply of food and drinks in a mess or canteen in an educational institution attracts GST at 5% without INPUT Tax Credit (ITC).
ii. If schools up to higher secondary level supply food directly to students, then the same are exempt from GST.
Earlier, the CBEC had issued a circular in Jan, 2018 clarifying the queries seeking clarification regarding the taxability and rate of GST on services by a college hostel mess
A claim of deduction made in return, even if found inadmissible, does not automatically lead to misreporting of income -…
After holding that the cash receipts and cash payments are unexplained, ad-hoc estimation of income can not be adopted –…
Dividing total turnover by 365 days and concluding that assessee could not have made such cash sale on a single…
NERIST Arunachal Pradesh invites EoI for Empanelment of Chartered Accountant firm North Eastern Regional Institute of Science and Technology, (NERIST)…
Sibsagar University invites Expression of Interest (EOI) for Appointment of Internal Auditor Sibsagar University invites Expression of Interest (EOI) from reputed…
In a recent judgment Andhra Pradesh High Court struck down Section 147A of the Income Tax Act, 1961 as unconstitutional.…