FAQ’s on GST audit FAQ’s on GST audit and audit report. Q.1: Who is liable for GST Audit? Ans. Section 35(5) provide for GST audit in case the turnover is more than prescribed limit. Rule 80(3) provide for threshold of turnover as Rs. 2 Crore.
Original order of GST AAR of Caltech Polymers: GST AAR of Caltech Polymers is one of the important AAR for supplies to employees.The original text of AAR is here: Sub:- GST Act, 2(}1’Z – Advance Ruling U/s 98 – whether recovery of food .~ expenses
Original order of GST AAR for NALCO: Original order of GST AAR for NALCO. This ruling is important in the sense that it provide for the eligibility of ITC for expanses incurred on residential accomodation for employees. The text of original order is reproduced here.
Updated Notification No. 12/2017 till November 2018: Updated notification No. 12/2017 is reproduced here. This notification covers the list of exempted services in GST. Sl. No. Chapter, Section, Heading, Group or Service Code (Tariff) Description of Services Rate (per cent.) Condition (1) (2) (3) (4)
GST Case 5- Indian Institute of Management Can you imagine a student at IIM Bengaluru paying fees for his Post Graduate Programme (PGP) along with 18% GST and his friend at IIM Kolkata paying his fees for the same course without GST? Well if we
Original order of GST AAR of M/s Indian Institute of Management Following is the original order of GST AAR of M/s Indian Institute of Management. In which the question tax liability of the services provided by the applicant is raised. ORDER UNDER SUB-SECTION (4) OF SECTION
Original order of GST AAR of M/s Maini Precision Products Ltd. Following is the original order of GST AAR of M/s Maini Precision Products Ltd. in which the case applicability of tax rate is raised by the applicant. ORDER UNDER SUB-SECTION (4) OF SECTION 98 OF
Procedure in Respect of Return of Expired Drugs or Medicine The pharmaceutical sector was valued at US$ 33 billion in 2017. The country’s pharmaceutical industry is expected to expand at a CAGR of 22.4 per cent over 2015–20 to reach US$ 55 billion. India’s pharmaceutical
Original order of GST AAR of Nash Industries: THE AUTHORITY ON ADVANCE RULINGS IN KARNATAKA GOODS AND SERVICES TAX VANIJYA THERIGE KARYALAYA, KALIDASA ROAD GANDHINAGAR, BENGALURU – 560 009 Advance Ruling No. KAR ADRG 24 / 2018 Dated : 25th October, 2018 Present: 1.
GST AAR Case 4- Nash Industries (I) (P.) Ltd. GST AAR Case 4- Nash Industries (I) (P.) Ltd. an initiative by CA Arpit Haldia. Query: Whether the amortized cost of the tool has to be added to arrive at the value of the goods supplied