GST

GST on Rent of Shop, Offices, Flats, Land etc.

In this article, we will discuss about the applicability of GST on Rental Income from renting the commercial property as well as residential property, and we will also see various examples on inter-state and intra-state transactions. Applicability of GST on Rent The basic definition of outward supply includes rental income

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GST on Cab and Taxi Services

Introduction As per the GST Act, Cab services are taxable services. When services are provided via cab aggregators like Ola or uber then also GST is chargeable. However, metered taxi and auto rickshaws are exempt from GST including Ola Auto. In this article, we will try to cover every point

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GST Council Meeting

37th GST Council meeting in held on 20th September 2019 in Goa. This meeting was much awaited by many industries as they are expecting rate cuts. The major decisions taken in this meeting are Changes related to GST returns Composition taxpayers are not required to file GSTR-9A for FY 2017-18

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GST on Commission Agents

Agent is defined in CGST act as “agent” means a person, including a factor, broker, commission agent, arhatia, del credere agent, an auctioneer or any other mercantile agent, by whatever name called, who carries on the business of supply or receipt of goods or services or both on behalf of

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GST on Import

Article 269A of constitution mandates that import of goods or services in India is considered as Inter-state trade. Therefore, import of goods or services is considered as interstate supply and is liable for payment of IGST. IGST on the import of services would be leviable under the IGST Act, the

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GST on Education Services

Education is defined as “Education is a process of training and developing the knowledge, skill and character of students by normal schooling.” Taxation of education services is a sensitive issue as it is the basic right of every person to get an education and levying GST on it have a

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How to cancel an e-Way bill

Rule 138 of CGST Rules define the provisions of the e-Way bill. A registered person needs to generate an e-way bill where the goods need to be moved from one place to another and the value of such goods is more than Rs. 50,000  in the following cases: – Sales

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Deemed Export under GST

What is Deemed Export? “Deemed Exports” refers to supplies of goods manufactured in India which are notified as deemed exports under Section 147 of the CGST/SGST Act, 2017. It is to be noted that services are not considered as deemed exports. The supplies do not leave India. The payment for

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Zero Rated Supply

As per section 2(47) of the CGST Act, 2017, a supply is said to be exempt, when it attracts nil rate of duty or is specifically exempted by a notification or kept out of the purview of tax (i.e. a non-GST supply). But when a supply is exempted from payment

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Casual Taxable Person in Goods and Service Tax

For some persons, it is hard to maintain a fixed place of business due to seasonable nature of their industry. Also, if they have to register as a regular taxable person then they have to file monthly or quarterly return on a regular basis throughout the year. This lead to

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