Sale of Religious Booklets, CD’s and Magazines Liable for GST, says AAR
India is a land for spiritualism. While religion in India has been a major political demarcation point, its economic viability is not unknown to many.
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India is a land for spiritualism. While religion in India has been a major political demarcation point, its economic viability is not unknown to many.
In a move to deregister dormant GST assessees, the Central Board of Indirect Taxes and Customs (CBIC) field officers have been assigned with the task to issue show-cause notices and complete the formalities at the earliest.
Any resistance offered by an individual to IT department raids over tax evasions may result in prison time for the concerned person under scrutiny.
IGST is levied on the interstate supply of goods and services as well as Indian imports and exports. Exports are zero-rated under the IGST Act.
The recent data formulated by the Income Tax (I-T) department indicates a 40 percent increase in e-filing of I-T returns. The current count of e-return filing stands at 4.37 crore as opposed to the 3.10 crore returns for the financial year 17-18 (Assessment Year 16-17).
Recently, a store in Elante mall Chandigarh was penalized for charging GST on MRP from its customers
Twitter, a microblogging site, has had its fair share of promoters and negators. Those in favour see it as an ideal platform for reaching out to millions of people, customers, as well as clients.
The Madhya Pradesh state commercial tax department had cancelled registration numbers of over 5,000 traders and dealers in the state Suo moto post failure by the later to file GST returns.
For starters, Advance Ruling under GST is written decisions/clarifications issued by tax authorities against requests from individuals or businesses on specific doubts over proposed or already undertaken supply of goods/services.