The original invoice should contain all the details as mention in Rule 46 of CGST Rules, 2017 and it must be signed either physically or digitally. Hence, it cannot be considered as an original invoice just by putting a signature on photocopy of the original invoice that was issued earlier.
As per sr. no. 54 of Notification no. 12/2017 – CT(Rate) dated 28.06.2017, services relating to cultivation of plants or agricultural produce by way of supply of farm labour is exempted from GST.
As per Sr. No. 3 of Notification no. 12/2017 – CT (Rate) dated 28.06.2017; pure services excluding works contract service is provided to the Government, Local authority, Governmental authority or Government entity by way of any activity in relation to any function entrusted to a Panchayat under article 243G of the Constitution or in relation to any function entrusted to a Municipality under article 243W of the Constitution then, it will be exempted from GST. However, if the contract of services is along with goods and such contract results into Composite supply of goods and services i.e. Works Contract Services then the implications are discussed as under: 1. If value of supply of goods is not more than 25% of the total value of the composite supply provided to the Government or Local authority or a Governmental authority or a Government Entity by way of any activity in relation to
GST will not be applicable where residential plots are sold as per clause 5 of Schedule III of CGST Act, 2017. Plots are generally sold by developing basic amenities or facilities like common roads, compound wall, drainage system, club house etc. Where any extra development charges are collected for such amenities or facilities then as per the GST Rules for Residential Plot Sales, GST @ 18% will be applicable on such extra development charges. In the case where the amount collected is only towards sale of plot and no additional charges are collected, there shall be no GST applicable on such amount collected for sale of residential plots.
Treatment in case of Cancellation of Services and return of Goods Circular No. 137/07/2020 – GST dated 13.04.2020 – Treatment in case of cancellation of service / return of goods Nature of Supply Original Event Document issued Subsequent Event Treatment suggested in Circular Services Advance Received Tax Invoice Contract cancelled before Supply of Service a) Credit note to be issued u/s 34 for reduction of tax liability (upto September of next financial year) b) Adjust tax against output tax and where there is no output tax, refund can be claimed under ‘Excess payment of tax’ Services Advance Received Receipt Voucher Contract cancelled before Supply of Service a) Refund voucher to be issued b) Adjust tax against output tax and where there is no output tax, refund can be claimed under ‘Excess payment of tax’ Goods Supply of Goods Tax Invoice Goods Returned a) Credit note to be issued u/s 34
GST_Treatment of amount recovered or refunded in pursuance of assessment or adjudication proceedings
The Central Government of India has amended the Public Provident Fund (PPF) Scheme, 1968 and National Savings Certificate (NSC) (VIII-Issue) Rules, 1989. The summary of impact of such ammendment is as under: The accounts held under such schemes by Indian residents are deemed to be closed with effect from the date they become non-residents of India (NRI). The interest shall be paid at the rate applicable to the Post Office Saving Account (POSA) (i.e 4% instead of 7.8% ) from the date of deemed closure/ encashment up to the last day of the month preceding the month in which the same is actually closed/ encashed.
27 useful charts of Service Tax 2016-17
21 useful charts of Tax Compliance
