Ministry of Finance Press note 15.07.2020. The issue of GST rate on alcohol based hand sanitizers has been reported in few sections of media. It is stated that hand sanitizers attract GST at the rate of 18%. Sanitizers are disinfectants like soaps, anti-bacterial liquids, dettol etc which all attract duty standard rate of 18% […]
Tag: GST
waiver of Late Fees of GSTR 3B via Notification No. 57/2020 dated 30.06.2020
CBIC has issued Notification No. 57/2020 on 30.06.2020 to prescribe maximum amount of penalty if GSTR3B is filed up to 30.09.2020. The said relief is for both class of taxpayers i.e. taxpayers having turnover up to Rs. 5 crores or more than 5 crores. Notification No. 57/2020 – Central Tax dated 30th June 2020 GSTR-3B – Taxpayers […]
Alcohol based Hand Sanitizers subject to 18% GST; No exemption of being ‘essential commodity’: AAR, GOA
Applicant: Springfields (India) Distilleries Fact of the case The applicant, Springfields (India) Distilleries is a registered partnership firm manufacturing Hand Sanitizers vide License issued by Directorate of Food and Drug Administration. Applicant is of the opinion that Hand Sanitizers are covered under HSN 30049087 and to be taxed @ 12% under GST. Further the applicant […]
Interest received on PPF & Saving bank accounts to be included for calculating GST registration threshold limit : AAR, Gujarat
ADVANCE RULING NO.: GUJ/GAAR/R/2020/10 Facts of the case The Applicant has submitted that he is an individual having not engaged in any business. His receipts are only from savings, personal loans and advances and deposits, which are reflected in the Income Tax Returns. The applicant has submitted his estimated receipts for the F.Y. 2018-19 is sum […]
Offences and Penalties under GST Act
अर्जुन: भगवन, सादर प्रणाम! पेनल्टी शब्द से क्या अभिप्राय हैं? कृष्ण: वत्स! एक अस्थायी सजा या धन का योग कानून के अनुसार, सजा के रूप में लगाया जाना। अर्जुन: भगवन ! क्या GST अधिनियम में कोई पेनल्टी का प्रावधान हैं? कृष्ण: अर्जुन! प्रत्येक अधिनियम में पेनल्टी का प्रावधान अवश्य होता हैं। बिना पेनल्टी के प्रवाधान […]
Cancellation & Revocation of cancellation of registration under GST
GST Came in 1st July 2017. After the GST arrival, many persons took the GST number without knowing the applicability of GST. Many taxpayers did not even know that the returns of Nil GST had to be filed. As a result of this, taxpayers started getting GST no cancellation. In this article, we will discuss […]
Parota is not Roti or chapati. Parota will attract 18% GST : AAR
APPLICANT: M/S. ID FRESH FOOD (INDIA) PVT. LTD. (AAR, Karnataka) The Applicant is a food products company involved in preparation & supply of wide range of ready to cook, fresh foods including idli & dosa batter, Parotas, Chapatis, curd, paneer, whole wheat parota and Malabar parota. The instant application pertains to classification of whole-wheat parota […]
ITC on Taxi Hiring for transportation of Employee is allowed where Transportation is obligatory under any law: HP AAR
Applicant: Prasar Bharti Broadcasting Corporation of India (All India Radio), Shimla Facts of the case The applicant is a public service broadcaster. The taxpayer avails services of hiring taxis for different purposes as mentioned below: To pick up/drop shift duty staff in odd hours, This facility is being provided in odd hours to lady employees, […]
Possibilities of errors & its solutions in GSTR-3B
When GST came in 2017, there was a provision of GSTR 1, GSTR 2 and GSTR 3 returns. GSTR-3B (i.e. a summary return) was brought for short period by the Government. What is 3B? Simple Tax return form in which Summary of sale and purchase, available input tax credit, tax payable, tax paid is to be furnished. […]