Tag: cbic clarification
CBIC Clarifications on applicable GST rates & exemptions on certain services CBIC has issued Circular No. 177/09/2022-TRU dated 3rd August 2022 issuing Clarifications regarding applicable GST rates & exemptions on certain services. The CBIC had received representations seeking clarification several issues: Accordingly, clarifications has been issued on …
Govt. allows manufacturer of Petroleum/Crude with Centralised billing/accounting one excise registration MINISTRY OF FINANCE(Department of Revenue) Notification No. 02/2021-Central Excise (N.T.) New Delhi, the 10th November, 2021 G.S.R. 787(E).––In exercise of the powers conferred by sub-rule (2) of rule 9 of the Central Excise Rules, 2017, the Central …
CBIC has issued circulars clarifying regarding applicability of GST rates on various supplies/services. The summary of the clarifications issued is as under Circular No. Subject Circular No. 149/05/2021-GST Clarification regarding applicability of GST on supply of food in Anganwadis and Schools Circular No.150/06/2021-GST Clarification regarding applicability of GST …
Clarification regarding payment of Agriculture Infrastructure and Development Cess (AIDC) by EOU under various situations Circular No. 07/2021-Customs F.No. DGEP/SEZ/09/2017(Part III)Government of IndiaMinistry of FinanceDepartment of Revenue Central Board of Indirect Taxes & Customs(Directorate General of Export Promotion) New Delhi, dated 22nd February, 2021 …
CBIC clarifications on issues faced by taxpayers in compliance of GST provisions due to spread of covid-19 virus Circular No. 137/07/2020-GST CBEC-20/06/04-2020-GSTGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Indirect Taxes and CustomsGST Policy Wing New Delhi, dated the 13th April, 2020 ToThe Principal Chief Commissioners / …
CBIC issues GST Notifications/Circular and clarify relief provided due to Corona Virus (COVID-19) CBIC has issued various Notifications and Circular to provide relief to taxpayers in view of spread of Novel Corona Virus (COVID-19). The relief was earlier announced by the Finance Ministry in a Press Conference. …
CBEC Clarification on GST refund related issues Circular No.135/05/2020-GST CBEC-20/01/06/2019-GSTGovernment of IndiaMinistry of Finance Department of RevenueCentral Board of Indirect Taxes and CustomsGST Policy Wing**** New Delhi, Dated the 31st March, 2020 To, The Principal Chief Commissioners/Chief Commissioners/Principal Commissioners/ Commissioners of Central Tax (All) The …
Clarification on apportionment of input tax credit (ITC) in cases of business reorganization u/s 18(3) of CGST Act read with rule 41(1) of CGST Rules Circular No.133 03/2020-GST F.No. CBEC-20/06/13/2019-GSTGovernment of India Ministry of Finance Department of RevenueCentral Board of Indirect Taxes & Customs GST Policy Wing*** New …
Clarification on GST issues for companies under Insolvency and Bankruptcy Code 2016 Circular No.134/04/2020-GST CBEC-20/16/12 /2020 -GSTGovernment of India Ministry of Finance Department of RevenueCentral Board of Indirect Taxes and Customs GST Policy Wing New Delhi, dated the 23rd March, 2020 To,The Principal Chief Commissioners / Chief Commissioners …
Interest calculation on delayed gst payment based on gross/net GST liability-CBIC Clarification CBIC through its official twitter handle has justified the levy of interest on delayed payment based on gross GST liability by issuing following clarification: There are some discussions in social media w.r.t. interest calculation on delayed …