New Table 3.1.1 in GSTR-3B for reporting supplies u/s 9(5)
  • 21 Jul 2022 12:26 PM
  • New

New Table 3.1.1 in GSTR-3B for reporting supplies u/s 9(5)

Source: https://taxguru.in/goods-and-service-tax/table-3-1-1-gstr-3b-reporting-supplies-u-s-95.html

According to section 9(5) of CGST Act, 2017, Electronic Commerce Operator (ECO) is required to pay tax on supply of certain services notified by the government such as Passenger Transport Service, Accommodation services, Housekeeping Services & Restaurant Services, if such services are supplied through ECO. For reporting of such supplies a new Table 3.1.1 is being added in GSTR-3B as per Notification No. 14/2022 – Central Taxdated 05th July, 2022 wherein both ECOs and registered persons can report their supplies made under section 9(5) respectively.

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AIIMS Delhi raises private ward room rent after 5% GST levy
  • 21 Jul 2022 02:18 PM
  • New

AIIMS Delhi raises private ward room rent after 5% GST levy

Source: https://www.livemint.com/news/india/aiims-delhi-raises-private-ward-room-rent-after-5-gst-levy-11658389569599.html

New Delhi: The All India Institute of Medical Sciences (AIIMS- Delhi) has raised charges of its private ward rooms following the recent decision by the GST Council to levy a 5% tax on hospital room rent exceeding ₹5,000 per day.

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Break BJP's prison, bring people's govt in 2024: Mamata Banerjee at TMC rally
  • 21 Jul 2022 02:27 PM

Break BJP's prison, bring people's govt in 2024: Mamata Banerjee at TMC rally

Source: https://www.livemint.com/politics/news/break-bjp-s-prison-bring-people-s-govt-in-2024-mamata-banerjee-at-tmc-rally-11658392447054.html

Addressing the Shaheed Diwas (Martyr's Day) rally in Kolkata, West Bengal Chief Minister and Trinamool Congress (TMC) supremo Mamata Banerjee on Thursday attacked the Bharatiya Janata Party (BJP), saying the party is trying to break all state governments.

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No GST on items sold by Kudumbashree or small stores, says Kerala government
  • 20 Jul 2022 02:35 PM

No GST on items sold by Kudumbashree or small stores, says Kerala government

Source: https://www.livemint.com/news/india/no-gst-on-items-sold-by-kudumbashree-or-small-stores-says-kerala-government-11658274587177.html

Amid growing protest over the imposition of Goods and Services Tax (GST) on essential commodities, Kerala government said on 19 July that it does not intend to tax items sold by entities like Kudumbashree, or small stores in 1 or 2 kg packets.

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FM clarifies on GST on pre-packed or pre-labeled Food Items on Twitter
  • 20 Jul 2022 04:05 PM

FM clarifies on GST on pre-packed or pre-labeled Food Items on Twitter

Source: https://taxguru.in/goods-and-service-tax/fm-clarifies-gst-pre-packed-pre-labeled-food-items-twitter.html

The GST Council has exempt from GST, all items specified below in the list, when sold loose, and not pre-packed or pre-labeled. They will not attract any GST. The decision is of the GST Council and no one member.

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Traders’ body pitches for withdrawal of 5% GST on unbranded foodgrains
  • 20 Jul 2022 05:38 PM

Traders’ body pitches for withdrawal of 5% GST on unbranded foodgrains

Source: https://www.livemint.com/news/india/traders-body-pitches-for-withdrawal-of-5-gst-on-unbranded-foodgrains-11658317586532.html

Bengaluru: The Confederation of All India Traders (CAIT) on Wednesday wrote to chief ministers and finance ministers of all states demanding the withdrawal of the 5% goods and services tax imposed on unbranded foodgrains and other items that came into effect from Monday.

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Now, stock exchanges, people dealing in securities to pay 18% GST on Sebi charges
  • 19 Jul 2022 01:47 PM

Now, stock exchanges, people dealing in securities to pay 18% GST on Sebi charges

Source: https://www.livemint.com/companies/news/now-stock-exchanges-people-dealing-in-securities-to-pay-18-gst-on-sebi-fees-11658149467915.html

Market infrastructure institutions or persons dealing in the securities market will now have to pay a GST rate of 18% on the fees and charges paid to market regulator SEBI. The new rule has come into effect from July 18 onward. The announcement on Monday follows the GST Council's recommendation to withdraw the exemption granted to services by Sebi.

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Continued reforms helped in GST buoyancy: Nirmala Sitharaman
  • 19 Jul 2022 01:56 PM

Continued reforms helped in GST buoyancy: Nirmala Sitharaman

Source: https://www.livemint.com/politics/policy/continued-reforms-helped-in-gst-buoyancy-nirmala-sitharaman-11658153890189.html

NEW DE;LHI : As a result of continued reforms in Goods and Services Tax (GST) undertaken by central and state governments on the recommendations of the GST Council, buoyancy in GST revenue has been achieved in the recent months, finance minister Nirmala Sitharaman informed Parliament on Monday.

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‘GST on unbranded food packs good move’
  • 19 Jul 2022 02:25 PM

‘GST on unbranded food packs good move’

Source: https://www.livemint.com/industry/retail/gst-on-unbranded-food-packs-good-move-11658170178535.html

NEW DELHI : Organized players are set to benefit from the government’s move to tax unbranded, pre-packaged food products, such as rice, wheat and flour, as it creates a level playing field in the market, said a top executive at Adani Wilmar Ltd.

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