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)
Taxation of Intangible assets acquired through business restructuring.
1. Background 1.1 When a company aims to acquire another company's business through amalgamation or demerger, assets or ...
-
LEASE-DEED (A brief Introduction) Lease defined. A lease of immovable property is a transfer of a right to enjoy such property, mad...
-
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...
-
Particulars in Part 1 and Part 2 of Step-2 of registration form are required to be exactly the same as reported in the TDS statement. Plea...
-
· Mumbai ITAT in the case of Mukesh Harilal Mehta held that Exemption U/S 54 cannot be denied merely due to mistake by the developer.
-
Earlier this year, the Mauritius Government approved the amendment to the India – Mauritius tax treaty, aligning it with the proposal of th...
-
This Tax Alert summarizes a recent instruction issued by the SEZ Division, Department of Commerce, clarifying various concerns relating t...
-
Slump sale is transfer of one or more business undertakings for a lump sum consideration, without assigning individual values to the each...
-
This Tax Alert summarizes a recent judgement of the Delhi High Court (HC) [1] dealing with the issue of denial of input tax credit (ITC) ...
-
Introduction The law relating to companies is laid down in Companies Act, 2013 and the rules made thereunder and t...
-
An eminent concern within the GST framework pertains to the entitlement of Input Tax Credit (ITC) concerning expenditures associated with In...
No comments:
Post a Comment