Goods and Service Tax

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GST Practitioners Exam

Reading Time: 2 minutes GST Practitioners Exam, The National Academy of Customs, Indirect Taxes and Narcotics (NACIN) has been authorized to conduct an examination for confirmation of enrollment of Goods and Services Tax Practitioners (GSTPs) in terms of the sub-rule (3) of rule 83 of the Central Goods and Services Tax Rules, 2017, vide Notification No. 24/2018-Central Tax dated
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GST on Stockbroking

Reading Time: 6 minutes GST on Stockbroking, The CBIC has published the FAQs on different topics and sectors. Following are the FAQs on Stock broking Sector under GST:- Q-1. In the case of stockbroking, whether stamp duty or securities transaction tax or other Central or State taxes would be considered as a part of the value of supply as prescribed
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GST on Insurance Sector

Reading Time: 4 minutes GST on Insurance Sector, The CBIC has published the FAQs on different topics and sectors. Following are the FAQs on Insurance Sector under GST:- GST on Insurance Sector Q-1: What is the location of the supplier of service for fund management charges in ULIP policies? Ans: The fund management charges are charges towards managing and administering the
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GST on Banking Sector

Reading Time: 27 minutes GST on Banking Sector, The CBIC has published the FAQs on different topics and sectors. Following are the FAQs on Banking Sector under GST:- GST on Banking Sector Q-1: Whether Banks are required to capture the details of ATMs in registration certificate as a ‘place of business’? Ans. No, Banks are not required to provide the
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Non disbursement of IGST Refund

Reading Time: 5 minutes IGST refund IGST refund, A number of representations have been received from the exporters/trade associations seeking resolution of problems which have hindered sanction of refund of IGST paid on exports. From time to time, Board has provided solutions to a number of issues because of which refunds were held up. However, there is still one
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Intrastate E waybill in Delhi

Reading Time: 1 minute Tamilnadu Intra State E WayBill, The  Government of Tamilnadu has notified the Tamilnadu Intra State E WayBill w.e.f. 02-06-2018 vide notification No.9_2018 stating that “In exercise of the powers conferred by clause (d) of sub-rule 14 of Rule 138 of the Tamil Nadu Goods and Services Tax Rules, 2017, Commissioner of State Tax, Tamil Nadu, hereby
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Special Refund Fortnight

Reading Time: 2 minutes Special Refund Fortnight will be organised from May 31 to June 14 in which Centre and state GST officers will strive to clear all GST refund applications received on or before April 30, 2018,” the government tweeted from the official handle for GST-related matters. Special Refund Fortnight, the Central Board of Indirect Taxes & Customs 
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Authority for Conducting exams for GST Practitioners

Reading Time: 2 minutes Authority for Conducting exams for GST Practitioners, The Central Board of Indirect Taxes and Customs (“CBIC”) vide Notification No. 24 /2018 – Central Tax dated May 28, 2018, has  decided that the National Academy of Customs, Indirect Taxes and Narcotics, Department of Revenue, Ministry of Finance, Government of India, as the authority to conduct the examination for GST Practitioners as
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GST on Farmers

Reading Time: 2 minutes GST on Farmers, The Central Board of Indirect Taxes & Customs has given Clarification on the GST implication related to farmers on 28th May 2018, according to the press release issued by CBIC“It has been reported in the certain section of the Press that certain changes have been made in GST law relating to farmers, which will
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