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Transportation is completely halted in the lockdown period imposed by the government to contain the spread of the Coronavirus. There are still some strict restrictions on people’s traveling. Thus it is obvious that cab and autorickshaw drivers are going through a tough time. That’s why cab and autorickshaw drivers from Madurai (Tamil Nadu) urge the […]
The Authority of Advance Ruling (AAR), Karnataka, ruled that 5% GST will be charged on the Poha Bran & Fried Gram, 2.5% State Goods and Services Tax & 2.5% Central Goods and Services Tax on each of the items. However, if the fried gram is not branded, then it will be exempted from both kinds […]
The states led by the opposition parties like Punjab, Haryana, and Delhi have asked the central government to provide an extension in compensation released from the collections of Goods and Services Tax (GST) for a period of two years beyond 2022 to help the states in countering the effects of the outbreak of coronavirus. The […]
The National Anti-Profiteering Authority (NAA) recently gave its verdict saying that if the discount rate remains the same pre and post-GST reduction then it is not subject to profiteering. Here is the case of a reduction in the GST rate on Ceramics Glazed Wall Tiles, Printex Crema from 28% to 18% (valid under Notification dated […]
The experts have informed that the government is considering a policy to remove the GST payment compliances for the sectors which are impacted the most by the outbreak of coronavirus. A policy to remove any GST (Goods and Services Tax) payment liabilities for a time period of 6 months arising on the sectors which are […]
Medicines and medical kits are the life-savers and therefore it is mandatory to have an idea of what rate they are taxed at as ultimately it is going to affect the end price at which they are sold. Medicines and other medical kits for human and veterinary treatment are taxed at four tax slabs NIL, […]
Jharkhand High Court on Tuesday gave its verdict saying that though the interest liability under section 5 of the Central Goods and Service Tax (CGST) 2017 is computed automatically, the same shall be levied only after the completion of the adjudication proceedings valid under CGST Act 2017. The applicant of the case is a partnership […]
India is going through Lockdown part 2, and most of the people are working from their homes. The finance ministry a few days ago denoted some points to Infosys for improvement in the GST Network enhancement project. If you don’t know, The GST Network portal (GSTN) Read out the complete guide of official GST return […]
The government sources informed the media that the exemption of GST (Goods and Services Tax) on personal protection equipment like medical test kits, masks, sanitizers, and ventilators will neither benefit the manufacturers nor the customers. Presently, the GST is charged on masks at the rate of 5%, on ventilators and medical testing kits at the […]
