GST is a destination based tax applicable on all transactions involving SUPPLY of goods and services for a consideration subject to certain exceptions. Some activities/ transactions are beyond the scope of GST, i.e., GST will not apply to them as they are neither supply of goods nor services in the first instance. Schedule III of the CGST Act covers activities or transactions which can be neither treated as the supply of goods nor the rendering of services also known as non-supplies. This schedule deals with those goods/services other than.
- Alcoholic liquor of human consumption.
- Items for which applicability of GST has been deferred (petroleum crude, High Speed Diesel, Aviation Turbine Fuel, Motor Spirit and Natural Gas).
Apart from Schedule III, the government has also notified some activities vide notifications and issued clarification by way of circulars to classify certain transactions as non-supplies.
To summarise, in this newsletter we talk about the following:
- Non Supplies Under GST
We take you through the facts of the case, provisions of the law and the ruling made by the concerned authority.
- Effect Of ITC Claimed Due To Cancellation Of GST Registration Of Suppliers – Sanchita Kundu & Anr vs The Assistant Commissioner of State Tax, Bureau of Investigation, South Bengal & Ors – High Court of Calcutta.
- GST On Ocean Freight – Union of India vs. Mohit Minerals Pvt Ltd – Supreme Court of India.
Important Notifications and Circulars for the month of June 2022
Every newsletter shall include the calendar for the month. We have highlighted the GST due dates that you need to be aware of for your easy reference!