Online bond platforms may offer overseas-regulated products and tax-specific bonds subject to disclosures, compliance safeguards and revised complianc...
Corporate guarantee valuation permits actual ascertainable commission while barring retroactive application and extended-period penalties for bona fid...
Proper-officer jurisdiction under UPGST penalty provisions upheld; participation on merits prevents bypassing the statutory appellate remedy through w...
Transitioned CENVAT credit may validly satisfy mandatory pre-deposit requirements for legacy service tax appeals through Electronic Credit Ledger debi...
Building-plan sanction charges require statutory authority; unauthorised fees and GST were quashed, while labour cess must follow prescribed collectio...
Pure-agent exclusion fails where hotel booking facilitators receive third-party services themselves, making entire customer consideration taxable as r...
This circular clarifies GST rates and classification for certain goods based on recommendations of the 53rd GST Council meeting. Key points are: Solar cookers using solar and grid electricity attract 12% GST under heading 8516. All types of sprinklers, including fire water sprinklers, attract 12% GST under heading 195B. Parts of poultry-keeping machinery under 8436 91 00 attract 12% GST. The definition of "pre-packaged and labelled" excludes agricultural produce packages over 25 kg/litre from 5% GST levy. For supplies to/by government agencies for subsidized distribution from 1.7.2017 to 17.7.2022, issues are regularized subject to conditions like certification and ITC reversal. The circular provides clarity on GST rates and classification, regularizing past issues with conditions.
This circular clarifies GST rates and classification for certain goods based on recommendations of the 53rd GST Council meeting. Key points are: Solar cookers using solar and grid electricity attract 12% GST under heading 8516. All types of sprinklers, including fire water sprinklers, attract 12% GST under heading 195B. Parts of poultry-keeping machinery under 8436 91 00 attract 12% GST. The definition of "pre-packaged and labelled" excludes agricultural produce packages over 25 kg/litre from 5% GST levy. For supplies to/by government agencies for subsidized distribution from 1.7.2017 to 17.7.2022, issues are regularized subject to conditions like certification and ITC reversal. The circular provides clarity on GST rates and classification, regularizing past issues with conditions.
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