The fitment committee of the Goods and Services Tax (GST) Council, comprising revenue officials from both the Central and state departments, is anticipated to give an explanation regarding the “ground clearance” criteria and how GST will be levied on utility vehicles (UVs). A ground clearance ...
GST Circular 25/2024 dated 11-9-2024: Clarification on availability of input tax credit in respect of demo vehicles. GST Circular 26/2024 dated 11-9-2024: Clarification on place of supply of data hosting services provided by service providers located in India to cloud computing service providers...
· Used vehicles, seized and confiscated goods, old and used goods, waste and scrap Who should pay GST under the RCM? The person who receives the goods and services is the one who must pay GST under the RCM. But it is vital that the supplier of the goods and services mentions that th...
On the e-way bill front, the government of Maharashtra has released new instructions for the issuance of FORM GST DRC-07 for vehicles detained under the provisions of the e-way bill. This surely affects and concerns the businesses that are into supply chain management. Since e-invoicing is ...
The minority (Gageler CJ and Jagot J) dismissed the appeal, finding that the appellant used the vehicles for a purpose other than for holding as trading stock – namely for the purpose of displaying them as part of a tourist attraction. The decision has potential ramifications for the ...
Financial institutions have to claim their ITCs for capital property based on the actual extent of their use of the property in commercial activities. Passenger vehicles and aircraft Corporations follow the above rule for claiming ITCs on passenger vehicles and aircraft. ...
suitable for small vehicles used to convey persons confined to wheelchairs. The chair is fitted on the horizontal part of a tube bent at right angles, the lower vertical part of which can be raised or lowered, and releasably attached to a vertical socket on the vehicle wall. - The ...
Transportation of goods without a valid tax invoice can be a reason for the detention of goods and vehicles and fines will be also imposed Customers may deny accepting and/or pay goods if a valid tax invoice is not available as this would affect the receiver’s eligibility to receive ITC be...
No need to pay GST on Handloom Spacecraft (including satellites) and suborbital and spacecraft launch vehicles exempted from paying GST No GST applicable for – Parts of goods of heading 8801 Hearing aids is exempted to pay GST No GST payable on sale of Indigenous handmade musical instruments ...
Chapter 87 : Vehicles other than railway or tramway rollingstocks,and parts and accessories thereofView Full Chapter Chapter 88 : Aircraft;spacecraft and parts thereofView Full Chapter Chapter 89 : Ships, boats and floating structuresView Full Chapter ...