GST Solutions

GST Solutions GST Solutions delivers wide range of GST Advisory, Taxation, Audit and Administration services to all industries including MSME.
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30/11/2022

Amendment in section 16 of the CGST Act, 2017 (Eligibility and conditions for taking input tax credit)
A new clause (ba) has been added in sub-section (2) to provide that input tax credit with respect to a supply can be availed, only if such credit has not been restricted in the details communicated to the taxpayer under section 38.
Sub-section (4) has been amended to provide for an extended time for availment of input tax credit by a registered person in respect of any invoice or debit note pertaining to a financial year up-to 30th of November of the following financial year.

30/11/2022

Section 111 of the Finance Act, 2022 substitutes section 50(3) of the CGST Act, 2017 retrospectively, with effect from 1st July, 2017, so as to provide for levy of interest on input tax credit wrongly availed and utilized.

30/11/2022

Section 110(c) of the Finance Act, 2022 amends section 49 of the CGST Act, 2017 to allow transfer of amount available in electronic cash ledger under the CGST Act of a registered person to the electronic cash ledger under the said Act or the IGST Act of a distinct person.

24/08/2022

CBIC has clarified that location charges or preferential location charges (PLC) paid upfront in addition to the lease premium for long term lease of land constitute part of upfront amount charged for long term lease of land and are eligible for the same tax treatment, and thus eligible for exemption under Sl. No. 41 of notification no. 12/2017-Central Tax (Rate) dated 28.06.2017.

24/08/2022

Applicability of GST on sanitation and conservancy services supplied to Army and other Central and State Government department :
CBIC has clarified that if such services are procured by Indian Army or any other Government Ministry/Department which does not perform any functions listed in the 11th and 12th Schedule of the Constitution, in the manner as a local authority does for the general public, the same are not eligible for exemption under SL. No. 3 and 3A of Notification No. 12/2017-CT(R) dated 28.06.2017.

24/08/2022

CBIC has issued a Circular No. 164/20/2021-GST dt. 06.10.2021 clarifying that w.e.f effect from 6.10.2021, the ice Cream parlors are required to pay GST on supply of ice-cream at the rate of 18% with ITC.

26/06/2022

The government has notified the Goods and Services Tax (GST) Compensation cess extension to March 2026. Finance ministry has confirmed, the period of extension through a gazette notification on June 25, 2022.

21/05/2022

Owing to difficulties being faced by the taxpayers in availability of Form GSTR-2B for the month of April 2022, the due date of payment of tax in Form GST PMT-06, for taxpayers registered under Quarterly Return and Monthly Payment Scheme, for the month of April 2022 has been extended till 27.05.2022.

21/05/2022

Owing to difficulties being faced by the taxpayers in availability of Form GSTR-2B for the month of April 2022, the due date for furnishing of return in Form GSTR-3B for the month of April 2022 has been extended till 24.05.2022.

21/03/2022

As per the recent judgement of the Honorable Gujarat High Court, GST can not be levied on "Exam Services". Government cannot levy GST on services provided to educational institutions for conducting exams as “examination is an essential component of education”.

19/02/2022

In view of enlargement of the "Scope of Supply under section 7" of the CGST Act, 2017, GST will be applicable on the membership fees collected by a club from its members because the club and its members are distinct persons and the fees received by the CLUB, from its members are nothing but consideration received for supply of goods / services as a separate entity. The principles of mutuality, is not applicable, in view of the amended Section 7 of the CGST Act, 2017 and therefore, the CLUB shall have to pay GST on the said amount received from its members.

14/02/2022

Central government is all set to use Blockchain Technology to curb fake billing and GST claims. In the first phase, this Technology will be used for "Warehousing and Monitoring of Goods Movement". Using this technology, the government intends to catch immediately, those suppliers, who submits fake claims, especially those cases, where a fake supply of goods takes place on paper without actual movement of goods.

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