Clipped from: https://www.financialexpress.com The AAR has also concluded that sale of developed plots will be covered under the clause ‘construction of a complex intended for sale
Category: GST
ITC cannot be availed on GST paid for hiring vehicles for employee transportation – The Economic Times
Clipped from: https://economictimes.indiatimes.com/ The AAR in its ruling said since the applicant failed to cite any law under which the service of providing transportation facility to
Supreme Court stays Delhi HC’s order on more time to file Cenvat credit – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com Final hearing on the AGR issue will be in the SC on Tuesday Final hearing on the AGR issue will be in the
Goods supplied to an overseas customer by an overseas vendor of an Indian firm will attract IGST, says AAR – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com After a number of exporters opted for the duty drawback option, they discovered that the IGST paid by them on inputs was much
GST trouble for aviation, hospitality and travel companies – The Economic Times
Clipped from: https://economictimes.indiatimes.com As per the GST framework, the burden of tax payments on certain services and raw materials used in the input or making of
Interest on PPF, savings to be used for calculating GST registration: AAR – The Financial Express
Clipped from: https://www.financialexpress.com/money/interest-on-ppf-savings-to-be-used-for-calculating-gst-registration-aar/1996315/ For businesses and individuals, they are required to obtain GST registration if their aggregate turnover is Rs 20 lakh or more, under the
authority for advance ruling: Goods purchased, sold overseas liable to GST in India: AAR – The Economic Times
Clipped from: https://economictimes.indiatimes.com Experts said the ruling on supplies goods bought from abroad and sold to a customer in another country without entering the Indian territory
Allow airlines to use GST credit on spares for economy-class operations, say experts – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/ The pandemic has led to significant losses for the aviation sector which was already suffering due to competitive prices – – The pandemic
Adjudication must be completed in prescribed time limit, says expert | Business Standard News
Clipped from: https://www.business-standard.com/article/sme/adjudication-must-be-completed-in-prescribed-time-limit-says-expert-120061501284_1.html If adjudication is not completed within the prescribed time limits, it will be deemed that no SCN was issued, say expert The Taxation
जीएसटी —लाख दुखोकी एक .. | अग्रलेख लोकसत्ता
Clipped from: https://www.loksatta.com/agralekh-news/loksatta-editorial-on-issue-with-goods-and-services-tax-zws-70-2187497/ वस्तू आणि सेवा कराची ‘ऐतिहासिक’ अंमलबजावणी सुरू झाली त्यास पुढील महिन्यात तीन वर्षे पूर्ण होतील स्वातंत्र्योत्तर भारतातील सर्वात मोठी कर सुधारणा म्हणून गौरविण्यात
AAR ruling on higher GST on frozen parotta triggers debate – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com The absence of a common item like parotta in the HSN Code is the root cause for confusion The decisions of the Authority
AAR ruling on higher GST on frozen parotta triggers debate – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com The absence of a common item like parotta in the HSN Code is the root cause for confusion The decisions of the Authority
GST compensation an imperative–economic times
Clipped from: https://economictimes.indiatimes.com The Centre must deliver on its promise to compensate the states for five years from 2017-18 for any shortfall in goods and services
Companies will have to reverse tax credit availed on goods destroyed due to Covid-19 lockdown – The Economic Times
Clipped from: https://economictimes.indiatimes.com Retailers are coming back to companies and saying they are unable to sell the products. Many FMCG and pharma companies that had paid
GST council meeting updates: GST Council Meet: Relief for small taxpayers – The Economic Times
Clipped from: https://economictimes.indiatimes.com The 40th GST Council meeting was held today under the chairmanship of Finance Minister Nirmala Sitharaman. This was the first meet of the
MSME: Government gives leeway to MSMEs from penalties, interest for GST non compliance – The Economic Times
Clipped from: https://economictimes.indiatimes.com Industry trackers say that the government is trying to do a balancing act as it needs more revenue through GST but also doesn’t
Parotas are not rotis and will attract 18% GST, says authority – The Economic Times
Clipped from: https://economictimes.indiatimes.com A firm wanted parotas to be classified under the product description of ‘Khakhara, or roti’. MUMBAI: A non-finicky eater couldn’t care less if
ITC refund will be allowed for certain supplies even without invoice: CBIC | Business Standard News
Clipped from: https://www.business-standard.com GSTR-2A is a purchase return auto-generated by the GST system based on the transaction between a business and its supplier. The CBIC in
Salaries paid to company directors not to attract GST: CBIC – The Economic Times
Clipped from: https://economictimes.indiatimes.com “The part of director’s remuneration that are declared as ‘salaries’ in the books of a company and subjected to TDS under Section 192
Why is India’s tax administration not in sync with MSMEs and exporters? – The Financial Express
Clipped from: https://www.financialexpress.com As a comparison, one should bear in mind that 12 million entities are GST-paying businesses, of which not more than 500,000 are registered
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