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Maharashtra (the state that is the largest contributor to GST exchequer across India) in addition to Madhya Pradesh has imposed lockdown-like curfew instead of complete curfew. Contrarily, other states have imposed night curfews to control the rising number of Covid cases. Due to the closing of various organizations specially profit-seeking organizations like shops, businesses, bottlenecks […]
The Karnataka Authority of Advance Ruling passed an order that no GST shall be levied on the rent received from the ‘Backward Classes Welfare Department, Government of Karnataka’. The reason attributed for the aforesaid precedent is that the hostel (rented to the ‘Backward Classes Welfare Department, Government of Karnataka’) is working for the welfare of […]
The Centre’s indirect tax exchequer surged by more than 12 percent to Rs 10.71 trillion in 2020-21 (FY 21) in comparison to Rs 9.54 trillion in the previous year although Goods and Services Tax (GST) exchequer lessened by 8 percent. The Think Tank of the industry attributed the increase in indirect tax revenue to “shoot […]
The Judgment of the Honourable Rajasthan High Court became a precedent that under the GST regime, the scope of inquiry ends if goods in transit conform with the documents. The Petitioners H.R. Enterprises submitted to the Honourable High Court on April 10 of this year that its goods and vehicle have been detained since March […]
Recently, The Orissa High Court has directed the Commissioner, GST to give clear instructions to all the tax officers for “no more notices to be sent to practising advocates” for imposing services tax/GST on legal services. The Bench of Chief Justice BP Routray and Justice Dr. S Muralidhar also commented that as per the notification […]
Although the Government has issued nearly 1.2 lakh orders under “faceless assessment schemes” to taxpayers; however, it is getting either no response or not prompt response in the majority of the cases. Consequently, the Central Board of Direct Taxes (CBDT) is seeking and expecting cooperation from taxpayers failing which, CBDT has to Issue Ex Parte […]
The Supreme Court, severely criticized the way GST has been implemented (enforced) to date and called it no longer existing as a citizen-friendly act (as it was intended in the beginning). Further, the government emphasised that officers must try to seek a balance between shielding government revenue and permitting genuine business organisations to operate. Justice […]
Interestingly, It has been held by The UP bench of the Appellate Authority of Advance Rulings (AAAR) that though the parking fee paid by employees to the employer at the workplace is subject to GST as it comes within the domain of ‘supply of service’. However; subsequently, it put limitations to its statement. The reason […]
This time, due to the lower tax deducted at source (TDS) of many individuals for FY20, Income Tax authorities have sent notices to several taxpayers. The reasons cited in notices is that while some taxpayers have not paid the apt tax on interest that is earned by them others have paid lower tax on credit […]