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The petitioner via opting to pay the GST at a lower rate by not claiming the ITC on the goods and services used in his supplies has renounced his right to claim for the input tax credit, the Telangana Authority of Advance Ruling (AAR) mentioned. The bench of S.V. Kasi Visweswara Rao and Sahil Inamdar […]
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 […]
GST is payable for providing renting services for buildings to the Government Social Welfare College Boys Hostel and in municipalities the Telangana Authority of Advance Ruling (AAR) stated. The bench of S.V. Kasi Visweswara Rao and Sahil Inamdar has notified that the petitioner is furnishing renting of buildings to GHMC and municipalities, and there is […]
The Authority of Advance Ruling (AAR Telangana) for the case of M/s. Avinja Biotechnologies Private Limited. has held that the GST Rate of 18% is applicable on Bio Fertilizer and Herbal Supplement. M/s. Avinja Biotechnologies Private Limited.H.No. 14, AOC Center, Plot No 3-43-141, Mohammedi Enclave, Wellington Road, West Marredpally, Hyderabad, Telangana- 500026(36AATCA9073F1Z7) has applied FORM […]
The Authority of Advance Ruling (AAR), the Telangana branch has ruled that there will not be any ITC available on test-drive vehicles when kept in a workshop as a replacement vehicle. The two-member bench comprising S.V. Kasi Visweswara Rao and Sahil Inamdar has noted that the applicability of Input Tax Credit (ITC) relies on the […]
The GST Authority for Advance Ruling, in a recent ruling, exempted GST on compensation that is paid to sub-contractor as an out-of-court settlement. As per GST provisions, complying with the obligation to evade an act, abide by an act or situation, or do an act constitutes a GST-taxable supply of service. High courts have given […]
The Telangana Authority for Advance Ruling (AAR), which is presided over by S.V. Kasi Visweswara Rao and Sahil Inamdar, decided that paper-based corrugated sheets are subject to a 12% Goods and Services Tax (GST). The matter was submitted by the applicant M/s. S S R K Plastics Private Limited, producers of paper-based corrugated sheets in […]
The Telangana Authority of Advance Ruling (AAR) ruled that an 18% GST would be levied to renting immovable property to an Educational Institution which was enrolled under section 12AA of the Income Tax Act 1961. The petitioner M/s. Bollu Siva Gopala Krishna asks for an advance ruling on the problem of whether the rental of […]
