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Through stabilizing the economic activity specifically the services the government is seeking that monthly GST collection will stabilize nearly Rs 1.5 lakh cr over the subsequent months assisting the complete scenario of GST revenue at the centre as well as states. It reveals that mop-up shall be more than the record collections of Rs 1.4 […]
Revenues towards the month of October 2021 are 24% on rising with respect to the GST revenues in the corresponding month last year and 36% over 2019-20 The gross GST revenue obtained in Oct 2021 is Rs 1,30,127 cr where CGST is Rs 23,861 crores, SGST is Rs 30,421 crores, IGST is Rs 67,361 crore […]
Towards the trade and industry of the state providing the relief said by Punjab chief minister Charanjit Singh Channi specifying that the finish of 40,000 due cases of VAT, from the sum of 48,000 cases described to the financial year 2014-15, 2015-16 and 2016-17, with respect to the traders and industrialists all over the state. […]
The Supreme Court has specified that the ruling party and the GST official have decided to set the GST appellate tribunal or GSTAT. GST law has been active for 4 years however the GSTAT has not come into function yet. The assessee in its absence needs to practice the writ route in high courts which […]
The Central Board of Indirect Taxes and Customs (CBIC) rendered that the GST Officer provide show-cause notices on the grounds of the difference in ITR-TDS data and service tax returns postponement to the proper verification. Through several trade authorities and the council, the board obtained the representatives towards the instances of indiscriminate issuance of demand […]
GST council for advance rulings (Maharashtra) has not accepted the application as this was not furnished through the supplier of the goods or services however through the recipient. Another concern is that it is relevant to the supply which previously has been finished as on the application date and not a supply that was undergone […]
The government is considering easing GST rules for the re-export of leased planes, in what would offer a major boost to airline financials hit hard by the covid-induced turbulence. The ministry of civil aviation and the finance ministry are studying a plan to ensure that carriers do not face any hardship from customs authorities from […]
The Madras High Court ruled that the GST council must discuss the causes towards blocking Input Tax Credit (ITC) to the assessee. The applicant is the owner of HEC India LLP urging the respondents to allow the applicant to debit a sum of Rs 47,30,457 through its electronic credit ledger displayed in the ledger. The […]
The Telangana Authority of Advance Ruling (AAR) specified that the GST is liable to pay on e-procurement services furnished to the Government. The petitioner, Telangana State Technology Services Limited (TSTSL) Telangana State Public Sector Undertaking and TSTSL is a Service Agency to the Telangana Government and its Departments relating to Information Technology as well as […]
