Daily Archives: June 11, 2018

No GST Exemption on renting of godown for storage of agricultural produce : GUJARAT AAR

By | June 11, 2018

AUTHORITY FOR ADVANCE RULINGS, GUJARAT Rishi Shipping., In re R.B. MANKODI AND G.C. JAIN, MEMBER ADVANCE RULING NO. GUJ/GAAR/R/2018/4 MARCH  20, 2018 Haresh Vaishnav for the Applicant. RULING 1. The applicant M/s. Rishi Shipping has submitted that the company is a Cargo Handling company operating at Kandla Port Trust under stevedoring license issued by Kandla Port and provide Cargo Handling… Read More »

No 12% GST Rate for Pumps for sewage or waste : GUJARAT AAR

By | June 11, 2018

Note : As per Notification No. 1/2017-Central Tax (Rate), CGST rates are as follow for the following entry Schedule II -6% 192. 8413 Power driven pumps primarily designed for handling water, namely, centrifugal pumps (horizontal and vertical), deep tube-well turbine pumps, submersible pumps, axial flow and mixed flow vertical pumps As per Notification No. 1/2017-Central Tax (Rate) CGST rates… Read More »

No GST exemption to Electrically operated musical instrument :GUJARAT AAR

By | June 11, 2018

Note  : Notification No 1/2017 of (Central Rate) , CGST Rates of following items are as follow SCHEDULE III – 9% 429G. 9208 Musical boxes, fairground organs, mechanical street organs, mechanical singing birds, musical saws and other musical instruments not falling within any other heading of this chapter; decoy calls of all kinds; whistles, call… Read More »

GST Rates on Lightning Arrester, Earthing Pipe , Solid Rod Earthing etc : AAR Clarify

By | June 11, 2018

Note  : Notification No 1/2017 of (Central Rate) , CGST Rates of following items are as follow SCHEDULE III – 9% Entry No 97. 3824 Prepared binders for foundry moulds or cores; chemical products and preparations of the chemi-cal or allied industries (including those consisting of mixtures of natural products), not elsewhere specified or included… Read More »

5% GST on products used in fishing/floating vessels : KERALA AAR

By | June 11, 2018

AUTHORITY FOR ADVANCE RULINGS, KERALA Saraswathi Metal Industries, In re SENTHIL NATHAN AND N. THULASEEDHARAN PILLAI, MEMBER ADVANCE RULING ORDER NO. CT/5496/18-C3 MAY  29, 2018 RULING 1. Sri. Dharsak.V.P., Saraswathi Metal Industries, Alappuzha, manufacturer of marine propeller, rudder set, stern tube set, propeller shaft and M.S. Shaft for couplings, has preferred an application for Advance Ruling on the rate… Read More »

Section 117 of Sikkim GST Act 2017 : Appeal to High Court

By | June 11, 2018

Section 117 of Sikkim GST Act 2017 [ Section 117 of Sikkim GST Act 2017 explains Appeal to High Court and is covered in  CHAPTER XVIII  APPEALS AND REVISION] [ Enforced with effect from 1-7-2017. ] Appeal to High Court 117. (1) Any person aggrieved by any order passed by the State Bench or Area Benches of the Appellate Tribunal may… Read More »

Indian Valuation Standards 2018 w.e.f 01.07.2018 : Download

By | June 11, 2018

Indian Valuation Standards 2018 The Institute of Chartered Accountants of India (ICAI) issues Indian Valuation Standards 2018 as a benchmark for Valuation Practices applicable for Chartered Accountants  Why Indian Valuation Standards 2018 issued Recognising the need to have the consistent, uniform and transparent valuation policies and harmonise the diverse practices in use in India, the Council… Read More »

Have you checked your TDS Certificate ?

By | June 11, 2018

TDS certificate Why you need TDS certificates when Form 26AS provides all information One can gather all information related to TDS in Form 26AS which is sufficient to file one’s return. This might make you doubt the importance of TDS certificates but the rationale behind introducing Form 26AS is to enable the taxpayer to cross… Read More »

CA Certificate Formats under GST Act : Compilation

By | June 11, 2018

CA Certificate Formats under GST Act CA Certificate Formats : Eligible unit received any inputs from another business premises CA Certificate Formats ; Eligible unit not received any inputs from another business premises CA Certificate Formats u/s 18(1)(a) of CGST Act/SGST Act CA Certificate Formats u/s 18(1)(b) of CGST Act/SGST Act CA Certificate Formats u/s… Read More »

Category: GST