Central Govt. notifies
exemption from registration to job-workers engaged in making inter-State supply
of services to registered person(s), except those whose aggregate turnover
exceeds Rs. 20 lakhs in FY (Rs. 10 lakhs in special category States) or who opt
for voluntary registration; Said exemption would also not apply to job-workers
who are involved in supply of services in relation to jewellery, goldsmiths’
and silversmiths’ wares and other articles as specified at Sl. No. 151 in
Annexure to Rule 138 of CGST Rules; Central Govt. further notifies exemption
from registration to persons making inter-state supplies of specified
handicraft goods subject to threshold; Such persons would require to obtain PAN
and generate e-way bill in accordance with Rule 138 of CGST Rules; As per said
Notification, “handicraft goods” include inter alia leather articles and
footwear, carved wood products, carpets, rugs, musical instruments, folk
paintings, textile hand embroidery and theatre costumes when made by craftsmen
predominantly by hand even though some machinery may be used in the process :
Finance Ministry Notifications
Subscribe to:
Post Comments (Atom)
Supreme Court ruling holds non-compete fee is allowable as revenue expenditure
The Hon’ble Supreme Court settled the long-standing controversy surrounding the tax treatment of non-compete fees and, based on the facts ...
-
A new website launched for TDS related matters www.tdscpc.gov.in TRACES – T DS R econciliation A nalysis and C orrection E nabling S yste...
-
Section 68 -Cash credits Section 69 -Unexplained investments Section 69A - Unexplained money, etc Section 69B -Amount of investme...
-
In a landmark development that could have far-reaching implications for multinational groups operating in India, the Hon’ble Bombay High C...
-
An eminent concern within the GST framework pertains to the entitlement of Input Tax Credit (ITC) concerning expenditures associated with In...
-
LEASE-DEED (A brief Introduction) Lease defined. A lease of immovable property is a transfer of a right to enjoy such property, mad...
-
The taxation of transactions within a Hindu Undivided Family (HUF) is governed by specific provisions under the Income Tax Act, 1961. This...
-
In the case of "Maya Gopinathan vs Anoop SB 2024 INSC 334," the Hon'ble Supreme Court provided insightful guidance on the de...
-
The overall effective tax rate of a U.S. multinational corporation may have significant impact on the value of its stock. Therefore, it ...
-
Introduction The law relating to companies is laid down in Companies Act, 2013 and the rules made thereunder and t...
-
As per Income Tax Laws, any sum received or receivable in cash or kind under an agreement for not carrying business or profession is treat...
No comments:
Post a Comment