lipped from: https://taxguru.in/goods-and-service-tax/gst-rent-residential-commercial-property.html From the Goods and Services Tax (GST) perspective, renting of residential and commercial property is treated as a ‘supply of service’. The present
Category: GST
RCM on supply of Security Services
Clipped from: https://taxguru.in/goods-and-service-tax/rcm-supply-security-services.html Reverse Charge Liability on supply of security services (security personnel) Reverse charge mechanism (RCM) basically imposes the obligation on the recipient of services
GST Refund claim By Unregistered Person
lipped from: https://taxguru.in/goods-and-service-tax/gst-refund-claim-unregistered-person.html Circular No 188/20/2022-GST, Dated: 27.12.2022 Circumstances where unregistered person can claim refund of GST paid: – 1. Construction Contracts: – Where an unregistered buyer who
Why is the GST Tribunal a non-starter? – The Hindu BusinessLine***
Clipped from: https://www.thehindubusinessline.com/opinion/why-is-the-gst-tribunal-a-non-starter/article66343216.ece The absence of a viable appellate authority is a major lacuna of the GST regime that needs to be addressed immediately Appellate tribunal:
Subsuming electricity into GST | Business Standard News*******
Clipped from: https://www.business-standard.com/article/economy-policy/subsuming-electricity-into-gst-123010300936_1.html This will reduce costs for businesses, eliminate cross-subsidy and reduce the inefficiencies in the use of electricity by the agriculture and residential sectors
Why is the GST Tribunal a non-starter? – The Hindu BusinessLine***
Clipped from: https://www.thehindubusinessline.com/opinion/why-is-the-gst-tribunal-a-non-starter/article66343216.ece The absence of a viable appellate authority is a major lacuna of the GST regime that needs to be addressed immediately Appellate tribunal:
Loose ends in the draft | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/loose-ends-in-the-draft/2935891/ The govt has done well to fast-track online gaming regulations, but certain provisions need to be fine-tuned MeitY appears to have made up
GST buoyancy: On GST revenues in December – The Hindu***
Clipped from: https://www.thehindu.com/opinion/editorial/gst-buoyancy/article66331268.ece December’s revenues signal some post-festive fervour in the economy At almost ₹1.5 lakh crore, Goods and Services Tax (GST) inflows in December 2022
Five areas for small businesses to look at for GST compliance | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-2023-five-areas-for-small-businesses-to-look-at-for-gst-compliances-in-the-new-year/2932650/ Ease of doing business for MSMEs: Recent changes in GST have indicated the government’s plans for 2023. The authorities are strict in revocation
Food-beverages prepared in a restaurant to attract 5% GST, rules Gujarat AAR – The Hindu BusinessLine***
Clipped from: https://www.thehindubusinessline.com/economy/food-beverages-prepared-in-a-restaurant-to-attract-5-gst-rules-gujarat-aar/article66330047.ece The levy is irrespective of whether it is consumed inside the restaurant or takeaway Food & beverages prepared in a restaurant will attract
AAR & AAAR Weekly Round-Up***
Clipped from: https://www.taxscan.in/aar-aaar-weekly-round-up-6/241337/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=AAR%20&%20AAAR%20Weekly%20Round-Up By Taxscan Team – On January 1, 2023 11:37 am This weekend summary provides an analytical synopsis of the most major stories about the Goods and
25 Important Income Tax High Court Judgments of 2022***
Clipped from: https://www.taxscan.in/25-important-income-tax-high-court-judgments-of-2022/241279/ By Manu Sharma A S – On January 1, 2023 2:57 pm The Himachal Pradesh High Court had held that, the assessee-Kangra Central Co-operative Bank Limited
TDS deductible u/s 194C in case of Common Area Maintenance charges
Clipped from: https://taxguru.in/income-tax/tds-deductible-194c-case-common-area-maintenance-charges.html Johnson Watch Company Pvt. Ltd. Vs ACIT (ITAT Delhi) ITAT Delhi held that as common area maintenance (CAM) charges are for maintenance of
Now, claim refunds on cancelled flat booking, insurance policy – The Hindu BusinessLine*****
lipped from: https://www.thehindubusinessline.com/economy/now-claim-refunds-on-cancelled-flat-booking-insurance-policy/article66313313.ece The process requires the buyer to get temporary registration on the GST portal to claim the refund Experts say the government should consider
Change in GST Registration Rules notified by CBIC: Mobile Number and Email to be verified by OTPs
Clipped from: https://www.taxscan.in/change-in-gst-registration-rules-notified-by-cbic-mobile-number-and-email-to-be-verified-by-otps/239181/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Change%20in%20GST%20Registration%20Rules By Manu Sharma A S – On December 27, 2022 5:42 pm The Central Board of Indirect Taxes and Customs (CBIC) has notified the amendments to the Central Goods and Services
GST officers to seek details of all invoices in case of ITC mismatch | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/gst-officers-to-seek-details-of-all-invoices-in-case-of-itc-mismatch-122122700999_1.html The CBIC issued circular clarifying guidelines on recovery proceedings for the period 2017-18 and 2018-19 GST officers will have to seek details of
input tax credit: Govt tweaks GST rules for claiming input tax credit – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/govt-tweaks-gst-rules-for-claiming-input-tax-credit/articleshow/96549862.cms Synopsis The ministry has inserted Rule 37A in Central Goods and Services Tax rules to give effect to the new provision. GST taxpayers will
No service tax on discount allowed to dealer by Vehicle Manufacturer
lipped from: https://taxguru.in/service-tax/service-tax-discount-vehicle-manufacturer-dealer-cestat.html B M Autolink Vs C.C.E.-Kutch (Gandhidham) (CESTAT Ahmedabad) We find that the fact is not under dispute that the appellant being a dealer
Uncertainty over implementing e-invoicing for businesses with turnover of more than ₹5 cr – The Hindu BusinessLine***
Clipped from: https://www.thehindubusinessline.com/economy/uncertainty-over-implementing-e-invoicing-for-businesses-with-turnover-of-more-than-5-crore/article66304260.ece Experts say time needed for preparation The Central Board of Indirect Taxes and Customs (CBIC) is yet to come out with a notification
CBIC panel to dispose of pending pre-GST cases–***
CBIC panel to dispose of pending pre-GST cases https://economictimes.indiatimes.com/news/economy/policy/cbic-panel-to-dispose-of-pending-pre-gst-cases/articleshow/96464742.cms Download Economic Times App to stay updated with Business News – https://etapp.onelink.me/tOvY/135dde21 The Central Board of