Value of Taxable Supply means the value on which GST tax is calculated by multiplying tax rate with such value. This value commonly known as ‘Taxable Value’ i.e. the value on which GST is collected. It may be…
CBIC through its Order no. 02/2018-GST dtd 30.03.2018 (F.No. 354/03/2018-TRU) has clarified that the GST rate on all food and beverages served in trains, railway stations/platforms will be taxed at uniform rate of tax of five percent (5%).…
Press release 17th April, 2018 Subject: Clarification on the manner of filing the quarterly return by composition dealers in FORM GSTR-4 Doubts are being raised about the manner of filing the quarterly return by composition dealers in FORM GSTR-4. In…
CBIC on 15.03.2018 through its circular CIR-37/11/2018-GST has issued various clarifications on concerns over refund against exports of goods or services or both. Further, on 26.10.2018, CBIC has issued circular CIR-70/44/2018-GST and on 31.12.2018, circular CIR-79/53/2018-GST to clarify further issues. Clarifications…
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