9 Important Points of 20% ITC Under GST of rule 36(4)

166 ViewsAs per circular 123/42/2019 1.IGST paid on Imports (goods & Services ) -Restriction does not apply 2.ITC availed under RCM – Restriction does not apply. 3. Credits received from ISD – Restriction does not apply. 4.Restriction shall not apply for each supplier but shall be on consolidated value. 5. The taxpayer may have to ascertain the […]

Levy of GST on the service of display of name or placing of name plates of the donor in the premises of charitable organisations receiving donation or gifts by individual donors.

182 ViewsCircular No. 116/35/2019-GST F. No. 354/136/2019-TRU Government of India Ministry of Finance Department of Revenue (Tax research Unit) Room No. 146, North Block, New Delhi, the 11th October, 2019 To: The Principal Chief Commissioners/ Chief Commissioners/ Principal Commissioners/ Commissioner of Central Tax (All) / The Principal Director Generals/ Director Generals (All) Madam/Sir, Subject: Levy […]

Clarification on issue of GST on Airport levies.

194 ViewsCircular No. 115/34/2019-GST F. No. 354/136/2019-TRU Government of India Ministry of Finance Department of Revenue Tax research Unit Room No. 146G, North Block, New Delhi, the 11th October 2019 To, The Principal Chief Commissioners/ Chief Commissioners (All)/ The Principal Commissioners/ Commissioner of Central Tax (All) / The Principal Director Generals/ Director Generals (All) Madam/Sir, […]