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GST Circulars

GST refund filing and claims process
GST Refund
CA. Kapil Mittal

Updated GST refund filing and claims process

Introduction In order to facilitate a smooth flow of GST refund filing and claims process, the Central Board of Indirect Taxes and Customs (‘CBIC’) has strived to implement a hassle-free refund process at every stage. In line with this objective, the GST Council, in its 31st meeting held on 22 December 2018 has rationalised and introduced several taxpayer friendly measures in the GST refund filing and claims process. In addition, several clarifications on procedural aspects of refund claims, jurisdiction, inverted duty structure, compensation claims, Input Tax Credits etc. have been issued which would bring in practical clarity on the process

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GST on various programmes being conducted by the IIMs
GST Circulars
CA. Sachin Jindal

GST on various programmes being conducted by the IIMs

[toc] Introduction With the enactment of the Indian Institutes of Management Act, 2017, GST implication on the IIMs has undergone various changes and the same has been clarified by the board vide circular no. 82/01/2019-GST dated 1st January, 2019. Phase-wise taxability of IIMs, as clarified by the board, under GST is being summarized in the current article with respect to  various programs by IIM . Period 1ST July, 2017 Till 30th January, 2018 IIMs is eligible for exemption available at sr. no. 67 to notification no. 12/2017 – Central Tax (Rate) dated 28th June, 2017. As per above serial no.

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GST on Asian Development Banks and International Finance Corporation
GST Circulars
CA. Kapil Mittal

GST on Asian Development Banks and International Finance Corporation

Introduction GST position of both the Asian Development Banks and the International Finance Corporation has been clarified by the board vide circular no. 83/02/2019-GST dated 1st January, 2019. 1. GST on Asian Development Banks (ADB) The Asian Development Banks Act, 1966 specifically provides that notwithstanding anything to the contrary contained in any other law, the Bank, its assets, properties, income and its operations and transactions shall be exempt from all the taxation and from all the customs duties. Further, the Act also exempts the Bank from any obligation for payment, withholding or collection of any tax or duty. Clarification by

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GST on service of printing of pictures
GST Circulars
CA. Sachin Jindal

GST on service of printing of pictures

Introduction GST on Service of Printing of pictures is being classified under service code 998912, however, the correct classification is service code 998386 and the same is clarified by the board vide circular no. 84/03/2019-GST dated 1st January, 2019 which is being explained in the present article. Circular no. 84/03/2019-GST dated 1st January, 2019 clarifies that the service of ‘printing of pictures’ attracts GST @ 18% (9% CGST and 9% SGST) and are classifiable under service code 998386. 1. Trade practice being followed in respect of classification of ‘printing of pictures” The service of ‘printing of pictures’ is being classified

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Supply of Food and Beverage service by the Educational Institution
GST Circulars
CA. Kapil Mittal

GST rate on Supply of Food and Beverage service by the Educational Institution

Introduction Due to the two conflicting notifications, doubt was raised with regard to the GST on Supply of Food & Beverage service by the Educational Institution to its students and the same is clarified in the current circular. The outcome of entire clarification is tabulated here under for easy understanding Case GST Applicability Foods and beverages supplied by an educational institution to its students, faculty and staff Exempt under GST vide sr. no. 66 of notification no. 12/2017- Central Tax (Rate) dated 28th June, 2017 Food and beverages supplied by any person other than educational institution based on a contractual

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Banking company is liable to pay GST on the entire value of service charges
GST Circulars
CA. Sachin Jindal

Banking company is liable to pay GST on the entire value of service charges

Introduction The board, vide circular no. 86/05/2019-GST dated 1st January, 2019, has clarified various issues with respect to services of BF or BC to the banking company and the same is highlighted in the current article. Banking company to pay GST on the entire value of service charges. Banking company is liable to pay GST on the entire value of service charges Services are provided by the BF/BC to the customers on behalf of the banking company. As per the agreement between the bank and the BC, BC cannot directly charge any fee to the customer. In fact, banks are

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Grievance Redressal Mechanism
Blog
CA. Kapil Mittal

Setting up of an IT Grievance Redressal Mechanism – Snapshots

CBIC on 3rd April 2018 via Circular no. 39/12/2018-GST decided to put in place an IT-Grievance Redressal Mechanism to address the difficulties faced by a section of taxpayers owing to technical glitches on the GST portal and the relief that needs to be given to them. Where it has been identified that there is failure in filling returns or forms with in time specified due to IT related glitch and evidence available to estabilish bonafide attempt has been made to comply with the process of filing of form or return, GST Council has delegated powers to the IT Grievance Redressal

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