GST on gifts and perquisites to employees

As per Section 7 of CGST Act 2017, supply includes the activities specified in Schedule I, made or agreed to be made without a consideration. Schedule-I provides a list of activities which are treated as supply even if made without consideration. Point No. 2 of this schedule is reproduced below :- “Supply […]


Entitlement of ITC on maintenance of Township, Guesthouse, Hospital etc.-AAR

Odisha Authority for Advance Ruling -GST has issued an important order in case of Advance Ruling sought by M/s National Aluminium Company Ltd {‘NALCO’} in respect of its entitlement to take credit of ITC on various goods and services used for maintenance of applicant’s township, guest house, hospital, horticulture in […]


Internal Auditor is not eligible for GST Audit-ICAI 1

The Institute of Chartered Accountants of India (ICAI) has issued an announcement for its members clarifying that a CA/CA firm working on the assignment of ‘internal audit’ is not eligible to accept the assignment of ‘GST Audit’ simultaneously. Following is the text of such announcement:- Announcement Sub. : Internal Auditor […]


GST on Residential program or camp meant for advancement of religion, spirituality or yoga

Notification No.12/2017-Central Tax (Rate) dated 28th June 2017 exempts services provided by entity registered under Section 12AA of the Income-tax Act, 1961 by way of charitable activities from whole of GST vide entry No. 1 of the notification, which specifies that:- “services by an entity registered under Section 12AA of Income-tax Act, 1961 by way of […]


Tax Deduction at Source (TDS) under GST w.e.f. 1 October 2018

CBIC recently issued a notification CGST-50/2018 on 13.09.2018 notifying the date applicability of provisions of ‘Tax Deduction at Source’ (TDS) under GST laws. 1st October 2018 has been appointed as date from which such provisions are required to be followed. In this article, we will understand the various provisions concerned to TDS […]