Tag: Clarifications
Union Finance Minister Shri Arun Jaitley, in reply to a query in Rajya Sabha, has said that the organized traders and unorganized sellers in Textile Sector have not been …
CBEC has clarified that hotel room accommodation, including in 5-star hotels, having a declared daily room tariff of INR 7,500 or below, will attract GST @ 18% and that …
The CBEC has clarified the position regarding applicability of the Margin Scheme under GST for dealers in second hand goods in general and for dealers in old and used …
The CBEC has clarified certain issues relating to applicability of GST based on Reverse Charge Mechanism (RCM) in the case of legal services provided by Advocates. Further, CBEC has asserted that …
Gifts, by an employer to his employee, having aggregate value of upto Rs 50,000/- per year, are outside the ambit of GST, i.e. exempt from GST. However, gifts above …
The Ind AS Transition Facilitation Group (ITFG) of ICAI has so far considered various issues received from members/ stakeholders and has issued Clarification Bulletins #1 to 10 thereon, from …
Govt. allows change in MRP (through stamping, stickers or online printing) on unsold stock as on 30 June 2017, i.e. prior to GST implementation w.e.f. 1 July 2017, for …
he CBEC has clarified that CGST rate of 5% will not be applicable on the supply of goods unless the brand name or trade name is actually registered with …
The CBEC has clarified various issues relating to jurisdiction and online furnishing of Bond/ Letter of Undertaking at Common GST Portal in Form GST RFD-11 under the CGST Rule …
CBDT has clarified that each instalment is a separate transaction and hence installments paid against a loan shall not be aggregated for the purposes of determining applicability of the provisions …