Knowledge Base

GST on Contribution made by RWA members| Exemption is available upto INR 7,500
No GST is applicable on contribution received upto INR 7,500 and in case of contribution received in excess of INR 7,500, GST would levy only on additional amount.
By CA. Sachin Jindal
Last update on September 10,2021
Overseas commission Agent | Not chargeable to GST under RCM
The applicant is not required to pay GST on RCM basis under section 5(3) of the IGST Act, 2017 on commission paid to the “Overseas Commission Agent:.
Last update on August 24,2021
Know all about Turnkey Project Exports from India
One of the special modes of carrying out international business is a ¨ Turnkey Project exports ¨. Generally, projects that involve rendering of services like designing, civil construction and erection and commissioning of plants/factories along with supply of machinery, equipment and materials are known as turnkey projects. In this article you can find various essential provisions related to Turnkey project exports.
By CA. Sachin Jindal
Last update on June 4,2021
Manner of calculation of Adjusted Total Turnover for GST Refund | Clarified
Considering the representation, CBEC has clarified various refund related issued vide Circular No. 147/03//2021-GST dated 12th March, 2020 where following issues are clarified:
By CA. Sachin Jindal
Last update on April 6,2021
Benefit of Sanctioning IGST refund where data has not been transmitted to IEC Gateway | Extended till 31.3.2021
1. Issue with respect to transmission of data to IEC Gateway in case of IGST refund from customs Under Goods and Service Tax, information related to exports are furnished at following two places: Summary information is given in Table 3.1(b) of GSTR-3B where details are given of Value of Export and Amount of IGST paid […]
By CA. Kapil Mittal
Last update on March 16,2021
National Anti-Profiteering Authority rules on passing on benefits of lower GST rate to home buyers
The NATIONAL ANTI-PROFITEERING AUTHORITY ruled that profiteering should be determined at the point in time and not at the completion of the project. As the developer had availed ITC during the project tenure, the developer was liable to pass on the benefits of lower GST rate to home buyers by way of commensurate price reduction.
By CA. Sachin Jindal
Last update on June 12,2019



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