CIRCULAR

CIRCULAR ON GST LATE FEE AND INTEREST CALCULATION – 141/11/2020 DT. 24.06.2020

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                                                  Circular No.141/11/2020-GST   CBEC-20/06/04-2020 -GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs GST Policy Wing   New Delhi, dated the 24th June, 2020   To   The Principal Chief Commissioners / Chief Commissioners / Principal Commissioners / Commissioners of Central Tax (All)   The […]

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Clarification in respect of levy of GST on Director’s Remuneration – Circular No: 140/10/2020 – GST

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  Circular No: 140/10/2020 – GST   CBEC-20/10/05/2020 -GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs GST Policy Wing New Delhi, dated the 10th June, 2020   To The Principal Chief Commissioners / Chief Commissioners / Principal Commissioners / Commissioners of Central Tax (All)   The

Clarification in respect of levy of GST on Director’s Remuneration – Circular No: 140/10/2020 – GST Read More »

Clarification on Refund Related Issues on ITC avaliled on Imports, ISD Invoices, RCM etc – Circular No: 139/10/2020 – GST

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Circular No. 139/09/2020-GST CBEC-20/06/03-2020 -GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs GST Policy Wing **** New Delhi, Dated the 10th June, 2020 To, The Principal Chief Commissioners/Chief Commissioners/Principal Commissioners/ Commissioners of Central Tax (All)  The Principal Director Generals/ Director Generals (All)  Madam/Sir,  Subject: Clarification on

Clarification on Refund Related Issues on ITC avaliled on Imports, ISD Invoices, RCM etc – Circular No: 139/10/2020 – GST Read More »

Clarification regarding GST rates & classification (goods) – Circular No. 113 dated 11.10.2019

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Representations have been received seeking clarification in respect of applicable GST rates on the following items: (i) Classification of leguminous vegetables such as grams when subjected to mild heat treatment (ii) Almond Milk (iii) Applicable GST rate on Mechanical Sprayer (iv) Taxability of imported stores by the Indian Navy (v) Taxability of goods imported under

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GST on license fee charged by the States for grant of Liquor licences to vendors. Circular No. 121/40/2019 dated 11.10.2019

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Services proved by the Government to business entities including by way of grant ofprivileges, licences, mining rights, natural resources such as spectrum etc. against payment of consideration in the form of fee, royalty etc. are taxable under GST. Same was the position under Service Tax regime also with effect from 1st April, 2016. Tax is required

GST on license fee charged by the States for grant of Liquor licences to vendors. Circular No. 121/40/2019 dated 11.10.2019 Read More »

Clarification on the effective date of explanation inserted in notification No. 11/2017- CTR dated 28.06.2017 Circular No. 120/39/2019 dated 11.10.2019

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Representations have been received to amend the effective date of notification No.17/2018-CTR dated 26.07.2018 whereby explanation was inserted in notification No. 11/2017- CTR dated 28.06.2017, Sr. No. 3(vi) to the effect that for the purpose of the said entry, the activities or transactions under taken by Government and Local Authority are excluded from the term ‘business’. 2.The matter

Clarification on the effective date of explanation inserted in notification No. 11/2017- CTR dated 28.06.2017 Circular No. 120/39/2019 dated 11.10.2019 Read More »

Clarification regarding taxability of supply of securities under Securities Lending Scheme, 1997 – Circular No. 119/38/2019 Dated 11.10.2019

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Trade has requested clarification on whether the supply of securities under Securities Lending Scheme, 1997 (“Scheme”) by the lender is taxable under GST. 2.Securities and Exchange Board of India (SEBI) has prescribed the Securities Lending Scheme, 1997 for the purpose of facilitating lending and borrowing of securities. Under the Scheme, lender of securities lends to

Clarification regarding taxability of supply of securities under Securities Lending Scheme, 1997 – Circular No. 119/38/2019 Dated 11.10.2019 Read More »

Clarification regarding determination of place of supply in case of software/design services related to Electronics Semi-conductor and Design Manufacturing (ESDM) industry- Circular No. 118/37/2019 dated 11.10.2019

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Various representations have been received from trade and industry seeking clarification on determination of place of supply in case of supply of software/design services by a supplier located in taxable territory to a service recipient located in nontaxable territory by using the sample hardware kits provided by the service recipient. It is stated that a

Clarification regarding determination of place of supply in case of software/design services related to Electronics Semi-conductor and Design Manufacturing (ESDM) industry- Circular No. 118/37/2019 dated 11.10.2019 Read More »

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