CBIC Notification No. 61/2018 Central Tax (CGST) dt. 5 Nov. 2018
CBIC issues Notification No. 61/2018 Central Tax (CGST) dt. 5 Nov. 2018 to to exempt supplies by PSU to PSU from applicability of provisions relating to GST TDS.
Tag: Exemptions
‘Custom Duty/ IGST Exemption’ for ‘Kerala Flood Relief Imports’, notified by CBIC/ Govt.
CBIC/ Central Govt. has notified exemption from 'Basic Custom Duty (BCD) and Integrated Goods and Services Tax (IGST)' for 'Kerala Flood Relief Imports' (Materials/ Consignments despatched/ imported from abroad), …
GST Exemption for Ambulance Service provided by PSPs to Govt. under NHM, clarifies CBIC
CBIC has issued a circular for clarification about GST applicability/ exemption in respect of Ambulance Service provided by Private Service Providers to the Central/ State Govt., for transportation of …
Tax Exemptions for Exporters/ E-wallet Scheme Implementation deferred by 6 months: CBEC
As per CBEC Press Release, the GST Council has recommended to extend the Tax Exemptions for Exporters for a further period of 6 months (upto 30 Sept. 2018), i.e. e-Wallet …
MCA notifies Exemption for NBFCs, PFIs from AS-22/ Ind AS-12 for 7 years (relating to deferred tax or liability)
The MCA has notified exemption for Govt. NBFCs, Public Financial Institutions (PFIs) like LIC, UTI, etc. from applicability of AS-22/ Ind AS-12 relating to deferred tax asset or liability, …
Enhanced Limits for Health Insurance/ Exempt Interest Income of Senior Citizens (Budget 2018)
While presenting Budget 2018-19, the Finance Minister Mr Arun Jaitley has proposed relief for Senior/ Very Senior Citizens by way of Enhanced Limits for Health Insurance/ Medical Expenses upto Rs. …
GST Registration Exemption for Services Supplier via E-commerce Platform notified by CBEC
CBEC has notified exemption from compulsory registration provisions applicable for suppliers providing services through an e-commerce platform, provided their aggregate turnover does not exceed Rs. 20 lakh (Rs. 10 lakh …
Exemption from GST Payment on Advance for Supply of Goods notified by CBEC
CBEC has issued Notification Exempting All Taxpayers (except Composition Dealers) from GST Payment on Advance Received for Supply of Goods, in line with recommendations of the GST Council Meeting …
GST Exemption for Admission Service to Protected Monuments from 15 Nov. 2017 notified by CBEC
The CBEC has issued Notifications for exemption from GST (CGST/ IGST/ UTGST) in respect of admission service provided by certain notified/ declared protected monuments, applicable w.e.f. 15 Nov. 2017, in line …
CBEC Notifies Quarterly GST Return/ Tax Payment by Small Taxpayers
CBEC has notified that the Small Taxpayers having Aggregate Turnover of less than Rs. 1.5 crores, who have not opted for Composition Scheme, shall be required to file GST …