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Tax is needed to be charged on the rent received from the Government social welfare college boys hostel, Telangana Authority for Advance Ruling (TAAR) ruled. It was noted that the petitioner is furnishing the renting of buildings to Greater Hyderabad Municipal Corporation (GHMC) and in municipalities and no direct relation is there between the services […]
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 Indian Institute of Technology, Hyderabad mentioned that it will extend all possible support to the Telangana Commercial Taxes officials in investigating the current GST returns scam excavated through the department and continue to furnish all data as requested with time. IIT-H in a report mentioned that a project was sanctioned by the Government of […]
Finance Minister Buggana Rajendranath Reddy inaugurated a GST Seva Kendram and unveiled the Vision and Mission of the Commercial Taxes Department. Additionally, he introduced a compendium comprising Standard Operating Procedures (SoP), circulars, and peer learning material linked to State tax matters. The event took place on Monday. The primary goal of the GST Seva Kendram […]
The Telangana government has started the Telangana State One-Time Settlement Scheme 2022 to relieve the locked-up revenue. According to the Commissioner of Commercial Taxes, Telangana, Hyderabad, there would be an arrear amount of nearly Rs 3000 cr due in several stages of litigation, and the amount is not able to recover. The state government has […]
When it comes to proceeds from the soon to be a year old GST, the Indian state of Telangana is setting benchmarks which other states have found hard to emulate. In a stellar performance, Telangana has created a record by collecting Rs 1,876.93 crore of IGST and SGST in April this year.
Before the Telangana state government, the Telangana and Andhra Plastics Manufactures Association (TAAPMA) requested to lessen the GST on plastics from 18% to 12%. At the time of the curtain raiser event conducted at a private hotel in Hyderabad, in association with HIPLEX, South, and Central India’s biggest Plastics Expo, organized to be held at […]
The other surcharge obtained via open-access consumers under section 42 of the electricity act 2003 shall get taxed under the GST act, Karnataka Authority for Advance Ruling (AAR) held. The two-member bench of M.P. Ravi Prasad and Kiran Reddy T. found that Chamundeshwari Electricity Supply Corporation Limited could not be regarded as a “governmental authority” […]
