– Reimbursement of securities/shares by the Indian subsidiary on a price-to-Price tag foundation will neither be regarded as items nor as solutions.

2. When electrical energy use of equipment more info isn't readily available, the manufacturer may possibly get electric power intake for every hour calculated by way of Chartered Engineer and upload the certification received from Chartered Engineer.

having said that, this clarification also calls for implementation of the acceptable system to be able in order that ITC isn't missing during the fingers of coverage providers on account of non-compliance via the non-network garages.

the place invoice(s) issued by non-network garage contains an amount of money in surplus in the accepted declare cost

In instances of source of prolonged guarantee is OEM or possibly a third party rather than the original supplier currently being a seller, these types of an extended warranty is taken into account a different offer of expert services and liable to GST. 

On this context, ambiguities ended up lifted with regard to applicability of area thirteen(eight)(a) of the IGST Act for dedication of PoS which promotions with PoS for services furnished by banks, monetary establishments to its account holders.

it truly is clarified that in the manufacturing procedure there may be distinctive devices getting used which include just one for filling of offers, An additional for Placing seal around the packages and Yet another for ultimate packing.

knowledge these improvements is crucial for companies to be certain compliance and improve their GST administration procedures. under, we delve into the numerous notifications and circulars issued as a result of the 53rd GST Council Conference suggestions:-

By standardizing the start day for that appeal time period, The federal government seeks to reduce ambiguity and facilitate a smoother, more predictable appeals course of action. This amendment reflects The federal government’s energy to Increase the lawful framework and greatly enhance administrative effectiveness throughout the tax procedure.

because these expert services are without consideration, there has been dispute regarding the valuation of those supplies, accordingly the clarification is issued.

this sort of expert services had been being valued According to the provisions of Rule 28 of CGST Rules, which existed before the sub-rule was inserted.

Suppose the telecom operator/purchaser of the proper to implement any all-natural means pays instalments about the agreement time period for spectrum/all-natural source allocation because of the Division of Telecommunications (DoT) or the government. some time of offer varies as follows:

– Invoices are certainly not issued on or just before the required date or the day of completion with the event specified in the deal – about the date of provision in the mentioned services (i.e., the owing date of payment According to the deal), or maybe the date of receipt in the payment, whichever is earlier.

The government is employing biometric-dependent Aadhaar authentication nationwide in phases. This initiative aims to reinforce stability and streamline processes, making certain efficient verification of identities for a variety of companies throughout India.