As we are all aware, the medicines, consumable etc.,administered to the inpatients are to be treated as Composite supply of healthcare services and accordingly, exempted from GST.
Recently, in Delhi, in a case, GST department has taken a view that since the medicines are given at MRP, it is to be treated as equal to deemed Collection of tax and therefore, GST to be paid on medicines etc.....
Matter now pending in Court....
There are provisions in GST Act for conducting exams for GST Practitioners. For the past several Years, no exams are conducted.
What is the reason for not conducting the exam for a long time?
There is facility to extend the period of validity of an Eway Bill.
But, after the permitted time available for extension, there is no facility to extend the time limt of an expired eway bill.
What is the remedy available in such case.
Suppose a Youtuber in India gets income from Google USA. He earns, Rs. 100.
The payment to him is after deducting 6% TDS by Google in USA. He receives the net amount ( Rs. 94) credited to his Bank Account in India.
Even if he raise GST Invoice for Rs. 100, he will get FIRC only for Rs. 94.
He can file LUT and treat his supply of Services as Export of Services without payment of Taxes. But he has to furnish FIRC for Rs. 100.
Whether he will be liable to pay GST on Rs.6 on the basis that FIRC is available only for Rs. 94.
In GST Audit for several past years, Many Taxpayers are now getting Show Cause Notices alleging that there is no proper reporting of ITC Reversals and demands are getting raised.
This allegation in many cases are baseless due to the fact that, in earlier years, the itemwise reversals Table 7 in Annual Return was not mandatory. The Instructions appended to the GSTR9 Form clearly states this.
The demands are raised by the Officers mainly due to thier ignorance about this aspect. Many Officers who are young and are into GST Audit have no clear idea about the GSTR 9 Form that was in existence at the relevanty Years.
In several cases, on informing this fact, they drop the demand.
For demand appeals, it is 1% of amount in Disputes.
For Refund appeals, Rs.100 is to be paid
After four years, GST Department while conducting audit under section 65, is proposing to demand the 1% alongwith interest.
What is the remedy available to taxpayer now?
If he now pays it with interest through DRC 03, where is the mechanism to reclaim the 1% ITC already used four years before.
What is the bset strategy to protect his ITC.
