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In the recent AUTHORITY FOR ADVANCE RULINGS, ODISHA bench, it was taken as a decision that the input tax credit claims will be allowed for all the properties having maintenance as a part of the business.
Vishal Parekh, regional head, South Asia, Thomson Reuters said in an interview that, in terms of GST, Corporates noticed that there are more vast changes in tax infrastructure than the changes made in basic compliance.
Through goods and services tax (GST), Rs 30,321.67 crore was earned by the state government in the second quarter in this financial year (2018-2019). As compared to the first quarter, the revenue is Rs 5,632.42, or 15.66 percent less.
Goods and services tax made a lot of changes to the indirect tax structure prevalent earlier than 1st July 2017 and made huge changes to make it accurate and uncomplicated as compared to past tax projects.
As pointed by the purchasers, a Maggi noodles merchant has gone under the scanner for not passing on the advantages of goods and services tax (GST). A complaint was upheld in the same regard by National Anti-Profiteering Authority
The Bihar Deputy Chief Minister and GST Network GoM panel head Sushil Kumar Modi hinted towards the abolishment of the highest GST rate in the slab i.e. 28% as soon as possible.