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The Karnataka Authority of the Advanced Ruling passed a decree that vouchers shall also carry a levy of 18% GST. The reason being, they are subject to section 12(5) of the CGST Act 2017. Here, in this case, the applicant Messrs Premier Sales Promotion Private Limited is indulged in the trade of providing marketing services. […]
The Karnataka Authority of the Advanced Ruling passed a ruling that providing manpower services related to blue-collar jobs like Peons, Drivers, Data Entry Operators, Housekeeping and so on are subject to 18% of GST Grab the information of revised GST slab rates on consumer products in India, Although GST council finalized the slab rates like […]
In the previous months from April till June 2021 ‘Corona was in and GST was out’. Now the trend has reversed. ‘Corona is out and GST is in’. This assertion is based on facts and figures of the Goods and Services Tax, not an opinion. Maharashtra’s GST collection rose by nearly 38% in July 2021 […]
Tax Evasion has been prevalent from ancient times, persistent to date and will continue in future. Nevertheless, the regulatory authority can limit its intensity if they infuse the efforts aptly and by utilizing the latest technology. To date, In the April-June quarter of the present financial year, Tax evasion worth Rs1,920 crores has been recovered […]
Discipline matters a lot in tax-related issues also. If you are late you have to bear the cost in the form of a penalty. And all possible discrepancies and escalations along with consequent fines are mentioned in the various provisions section 47 and section 50 of the CGST Act 2017. However, recently, the government has […]
There have been Consecutive Appeals for allowing Provision of Ground Rent in next year but the answer has always been no. The Delhi Bench of Income Tax Appellate Tribunal in a recent ruling held that the provision of the ground rent shall not be allowed as per section 43B of the Income Tax Act 1961. […]
A short time ago, the Central Board of Indirect Taxes and Customs issued the Central Goods and Services Tax (Sixth Amendment) Rules, 2021 that amended Central Goods and Services Tax Rules, 2017. Various amendments have been made in Rule 80 of CGST Rule pertaining to Annual Return, FORM GSTR-9C and FORM GSTR-9. Here are the […]
The Honourable Madras High Court has straightforwardly directed the Goods and Services Tax Department to initiate action against those officials who are causing loss of revenue to the State Exchequer. Recently Shri GE Govindaraj, the petitioner had been seeking quashing of a 2012 notice of the Assistant Commissioner in the Arisipalayam Assessment Circle that is […]
You shall be amazed to know that since July 24, every day more than 1 lakh income-tax returns have been filed on the new web portal of the Income Tax Department. Worth mentioning here that the new website of the Income Tax Department was launched on June 7 of this year. In fact on Tuesday […]