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The bench of Authority of Advance Ruling (AAR) ordered that from now on 18% GST (Goods and Services Tax) will be charged on the leasing charges of the cold storage for agricultural produce. The judgement was ruled in an application filed by M/s Gubba Cold Storage Pvt. Ltd. who deals with the storing and warehousing […]
A senior officer from Ashok Leyland recently said that Reduction in rate of GST and introducing of scrappage policy can revive the commercial vehicle sector which has been going through a tough time for quite some time now. The Hinduja Group flagship company also expects something similar, amid the current slowdown in the industry which […]
As per recent updates received yesterday, Philips India was found guilty by the GST anti-profiteering authority for not providing benefits of the GST rate Grab the information of revised GST slab rates on consumer products in India, Although GST council finalized the slab rates like 5%, 12%, 18% and 28% cut which is estimated over […]
According to some data revealed recently, The CGST collection for April month was reported Rs 5,934 crore which is 87% less as compared to the same month last year’s collection (Rs 46,848). The Official data is concerned with the month of March in which only a few days are under lockdown. Some analysts also expressed […]
Companies are going through a tough time due to fewer to no customers, lack of liquidity, and restrictions. Companies and representatives are looking at Government for some rate-cut in GST and now some Consumer-facing companies including makers of biscuits, Ayurveda products, soaps, and shampoos reached the government and requesting to reduce the goods and services […]
The CBIC had early received some complaints from exporters that in some cases the Integrated Good and service tax (IGST) refunds are being held for over 6 months. In this matter, the Central Board of Indirect Taxes and Customs (CBIC) recently directed the GST risk management wing to identify risky suppliers to exporters and submit […]
Our country was already facing an economic slowdown and the Covid-19 pandemic makes the situation worsen. Due to the continuous shortfall of Good and Service Tax (GST) caused by various reasons, the central government is now is questing ways to compensate states. The States were guaranteed to be paid for any loss of revenue in […]
There were rumours that the Government will reduce the GST rates Grab the information of revised GST slab rates on consumer products in India, Although GST council finalized the slab rates like 5%, 12%, 18% and 28% for six months to boost demand after the lockdown, but if we take some time and think about […]
As you know already that the Release of GST Collection data for April month has been postponed. And now in this matter, Finance Secretary Ajay Bhushan Pandey on 13th May stated that the clear picture of the GST collection of April month is possible only on 30th June 2020. 30th June is also the last […]
