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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 […]
The Orissa High Court has cancelled a GST demand issued by a state tax official, stating that it was unfair because it effectively taxed the same goods twice. The order passed u/s 73 of the Central and Odisha GST Acts for the financial year 2021-22 has been contested by the applicant, Sai Sitaram Construction, a […]
The Orissa High Court reminded tax authorities not to harass practising lawyers with notices regarding GST and service tax levies. Consequently, Chief Justice Harish Tandon and Justice B.P. Routray set aside the notices issued to a Bhubaneswar-based lawyer, which demanded service tax of ₹2,14,600 along with a penalty of ₹2,34,600 and applicable interest. It noted […]
A proposal that levies an 18% on the payment aggregators (PAs) to streamline specific small-value digital transactions might be considered by the Goods and Services Tax (GST) Council. The same proposal comprises of charging PAs 18% GST for processing transactions up to INR 2,000 made via debit and credit cards. Under the report, a final […]
The Gujarat Appellate Authority of Advance Ruling (AAAR) ruled that incentives obtained under the “Atma Nirbhar Gujarat Sahay Yojna” dated May 16, 2020, declared by the Gujarat Government can not be regarded as subsidies, and GST is subjected to be charged. The panel consisting of B V Siva Naga Kumari and Sameer Vakil has affirmed […]
The GST Council is expected to define multi-utility vehicles (MUV) and crossover utility vehicles (XUV) in order to collect a 22 per cent compensation cess over and above the 28 per cent GST slab rate, according to the sources. The council will make it clear in its next meeting which will be held on July […]
The Uttarakhand Authority of Advance Ruling (AAR) held, 18% GST shall be subjected to be applied on the cost of the diesel made to run a diesel generator. The two-member bench of Anurag Mishra and Rameshwar Meena sees the acknowledgement for reimbursement of the expenses like the price of the diesel to run the DG […]
The Andhra Pradesh Authority for Advance Ruling ruled that the construction of a 20 MT Cold Storage building for the primary processing centre beneath the Mega park scheme attracts 12% GST. The applicant, M/s YVR, and Co are in the construction work of commercial/industrial buildings and civil structures. Some of the civil works contracts were […]
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) […]
