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The Indian government has stated that it is not planning to impose Goods and Services Tax (GST) on UPI transactions exceeding Rs 2,000. This clarification follows media reports suggesting that the government was contemplating the introduction of GST on such transactions. The Finance Ministry stated, “The claims…are completely false, misleading, and without any basis. Currently, […]
In an issue, cab booking through mobile apps like Uber and Ola, the Delhi High Court on Wednesday upheld the central government’s decision of imposing GST on auto rickshaw rides that are booked through ride-sharing apps by passengers. Holding that the decision to charge GST did not violate any fundamental rights, a division bench comprising […]
A group of ministers (GoM) verifying the GST rates would ask for the elimination of the exemptions on given services, which consists to remain in cheap hotel rooms, hospital rooms exceeding a tariff limit, and the service given by the financial sector and the food safety regulators. Concerning the increase in the revenue-neutral rate (RNR) […]
The Maharashtra AAR on May 24 held that the activities of the liaison office of supplying services as an intermediary that connects Indian Business with Dubai Head Office falls within the purview of commercial activities and consequently subject to GST. The implications for the aforesaid ruling are that the above-mentioned entity shall have to register […]
Rajasthan High court has canceled the classification provided through the Union government that had permitted the council to impose the goods and services tax (GST) on a particular section of the power supply. There is zero GST rate Grab the information of revised GST slab rates on consumer products in India, Although GST council finalized […]
In recent times, the finance ministry circular has again announced that the resident welfare association having 20 lakh or more annual turnover or if they charging INR 7500 per month must pay GST on certain conditions. Also, the Maharashtra Appellate Authority for Advance Ruling (AAAR) for GST has stated the same for all the RWA. […]
Latest in the news, Government has made it clear in its pitch that, goods and services tax or GST will be imposed on the exchange of services from one state to another. If the scale of the services provided by the office in one state goes to the office in another state than the responsible […]
Arvind Subramanian, Chief Economic Advisor, said moving upward, the GST rate brackets would reduce in number and products like petroleum are expected to come under the ambit of Goods and Services Tax in relation to the collaboration of the states on the issue.
The Federation of Telangana Chambers of Commerce and Industry (FTCCI) has outlined the importance of bringing petrol and diesel under GST while hailing the Goods and Services Tax (GST) rate rationalisation as a landmark step for a simpler and more inclusive tax regime. FTCCI leaders, led by its president R.Ravi Kumar, while asking for a […]
