Indirect Tax Laws - May 2023

Vasudev is a mining contractor. He has crossed the threshold limit for registration in the preceding financial year 2022-23 and is now duly registered under GST in the State of Gujarat. He has undertaken following transactions during the month of April, 2023: S. | Particulars Value of supply No. in (exclusive of taxes) (a) | Vasudev is an operating member in mining and exploration 15,00,000 services at Aliabet Oilfield, Bhavnagar, Gujarat. He has provided certain services to the Joint Venture…

(Proprietor Ms. Diva), a registered supplier in Ludhiana (Punjab) under GST law, has made the following supplies in the month of February 2023: (i) | Supply of designer silk dresses packed in designer boxes to a boutique in Mumbai, (Maharashtra) as per contract entered with the boutique amounting to 25,00,000. (ii) Supply of 600 kits (at 7 1,000 each kit) amounting to % 6,00,000 to Mrs. Arora in Amritsar (Punjab). Each kit consisted of 1 silk dupatta, 1 sari brooch…

(a) Explain in brief whether the below mentioned independent cases of supply of services provided are exempt or taxable under GST as per the provisions of GST law including notifications issued thereunder: (i) Himalayan Wanderers Campsite, a registered entity under GST, has fixed up various tents in Shimla, for lodging purposes being offered to tourists and trekkers. The details of tents rented by Himalayan Wanderers Campsite on 8" December, 2022 is as under: No. of tents rented | Amount of…

EverYoung Manufacturers LLP, a registered supplier under GST is engaged in manufacturing of ayurvedic cosmetic products within the State of Gujarat. It provides the following information for the month of January, 2023 Particulars for the month of Rate of | Rate of | Value of supply January,2023 CGST| SGST| (excluding GST) Outward supply of skin care products 2.5% 2.5% 50,00,000 Outward supply of skin care products 6% 6% 50,000 Inward supply of Inputs for skin care 6% 6% 35,00,000 products…

Pvt. Ltd. self-assessed its tax liability as ¢ 1,15,000 for the month of May 2022, but failed to make the payment. Subsequently the Department initiated penal proceedings against KK Pvt. Ltd. for recovery of penalty under Section 73 for failure to pay GST and issued show cause notice on 12! September 2022, which was received by KK Pvt. Ltd. on 17"" September 2022. KK Pvt. Ltd. deposited the tax along with interest on 27 September 2022 and informed the department…

Blue Berry Traders, a registered person under GST, issued a tax invoice on 1% August, 2022 to M/s Blue Lagoon Traders without any underlying supply of goods or services amounting to Input Tax Credit (ITC) involved of ₹30 lakh. M/s Blue Lagoon Traders avails ITC on the basis of the said tax invoice. The department issued a show cause notice to M/s Blue Lagoon Traders on 1st April, 2023 specifying the amount of tax along with interest payable thereon u/s…