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Manufacturing of teicoplanin and caspofungin under drugs & medicines must levy a 5% Goods and Service Tax, the Telangana Authority for Advance Ruling(TAAR) has ruled. The petitioner Stanex Drugs & Chemicals Private Limited is one of the fastest developing pharmaceuticals in India, It was founded in the year 2004 and has seen unparalleled development and […]
Rental/leasing charges for industrial equipment supplied with operators dropping under HSN Codes: 84151090 would draw a 28% Goods and Service Tax, the Telangana Authority for Advance Ruling ( TAAR ) ruled. The petitioner Ventair Engineers, manufactures machinery and equipment and is in the business of manufacturing refrigerating or freezing equipment for industrial use. They furnish […]
The Kerala High Court ruled the delectable Malabar Parota will taste better than the popular flatbread and will draw a 5% GST rather than 18%. Through this, the court has turned down orders by the State’s Authority of Advance Ruling (AAR) and Appellate Authority for Advance Ruling (AAAR). A single judge bench of Justice Dinesh […]
The Delhi High Court has awarded relief of as low as 5% Integrated Goods and Service Tax (IGST) towards importing dialysis machines by Fresenius Medical Care India Private Limited (FMC India). Dialysis machines covered under HSN Codes 9018 and 9031 are exposed to be taxed at 5%, essentially awarding a significant rebate of 7% on […]
GAIL chairman Sandeep Kumar Gupta mentioned that the government should consider more stringent policy interventions if the country wishes to achieve its objective of exceeding than doubling the share of natural gas in the energy mix to 15% by 2030. The government must mandate the use of natural gas in refineries and steelmaking, and make […]
It is important to buy a house and is a long-term investment of money. This article gives information on different GST rates and how they apply when buying flats that are either under construction or ready to use. In these transactions, GST needs to be acknowledged. Knowing whether or not GST is applicable will affect […]
The Madras High Court ruled that Ao’s classification of Harpic and Lizol under the 28% GST slab rate is without consideration. The bench of Justice Mohammed Shaffiq noted that when complaints are raised, a duty is cast on the assessing authority to apply its mind to the objections and deal with each one of them. […]
The Indian Auto LPG Coalition (IAC) has asked the Central government to diminish the Goods and Services Tax (GST) on Auto LPG from 18% to 5%, supporting equality with recent tax adjustments in the natural gas sector. This request pursues the decision of Andhra Pradesh to cut the Value Added Tax (VAT) on Natural Gas […]
Traveling is favoured by all some people like to travel domestically and others prefer to travel abroad. But before travelling, everyone used to plan their trip at their convenience, however, sometimes they ignored the other related expenses such as GST rates on services by travel agents and tour operators. It is due to that we […]
