GST Update Magazine Month of July-2020 || GST Magazine Update (Digital)

•        Rule 3. Intimation for composition levy

•        Rule 4. Effective date for composition levy

•        Rule 5. Conditions and restrictions for composition levy

•        Rule 6. Validity of composition levy.

•        Rule 7. Rate of tax of the composition levy

•        What is a works contract?

•        Works Contract – the position in VAT & Service Tax

•        Position under GST

•        Works Contract ITC

•        Position Maintenance of records:

•        Rate of GST

•        Valuation

•        Place of Supply in respect of Works Contract

•        More than One year (expiry) of the date of issue of tax invoice not eligible for credit

•        Sale of capital goods or plant and machinery after taking input tax credit

•        Rule 40. Manner of claiming credit in special circumstances

•        Solize India Technologies Private Limited Advance Rulling No. KAR ADRG 25/2020 (AAR, Karnataka )

•        ID Fresh Food (India) Pvt. Ltd Advance Rulling No. KAR ADRG 38/2020 (AAR, Karnataka)

•        Nagri Eye Research Foundation. ADVANCE RULING NO. GUJ/GAAR/R/2020/08 (AAR, Gujrat)

•        Seeks to make eighth amendment (2020) to CGST Rules

•        Seeks to extend the due date for filing FORM GSTR-4 for financial year 2019-2020