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The Kerala High Court ruled that when contract rates are fixed, including GST and other applicable taxes, the contractor cannot claim GST in addition to the fixed rates. Consequently, the writ petition was dismissed. The applicant is a partnership firm involved in undertaking contracts for the construction of roads and bridges and is cited to […]
The Madras High Court Single Bench of Justice K Kumaresh Babu in a decision mentioned that the act of availing a Goods and Services Tax (GST) registration and paying tax dues post inspection could not be cited as voluntary, keeping the levying of penalty on the GST taxpayer. The writ petition was furnished contesting the […]
It was mentioned by the Andhra Pradesh High Court that the supply of solar-generating power stations is a composite supply and does not constitute a works contract. Additionally, since it is considered a movable asset, it is subject to a 5% GST. The Division Bench of Justices R Raghunandan Rao and Maheswara Rao Kuncheam noted […]
The Apex court putting to rest a 15-year-old dispute carried that coconut oil in small packages can be categorized as edible oil, and will, thus, draw lower taxes compared to non-edible ones. The Supreme Court said that if the coconut oil is packaged in small bottles and labelled for use on hair then it shall […]
For all the taxpayers Multi-Factor Authentication (MFA) for using the updated versions of the E-Way Bill and E-Invoice Systems will be obligatory from April 1 next year, as per the GST portal advisory. There will be an updated provision for limiting the e-way bill generation. MFA starting January 1, 2025, will become obligatory for the […]
The Allahabad High Court rendered the State Goods and Service Tax Authorities to not take action towards any assessment year in which the Central Goods and Service Tax Authorities have taken action earlier. The applicant has approached the HC under Article 226 of the Constitution of India against the measures taken via the State and […]
The Kerala bench of the GST Authority for Advance Ruling (AAR) cited that the concessionaire agreement between the AAI and Adani Thiruvananthapuram International Airport Ltd is not a ‘transfer of business’, but a supply of services and therefore is obligated to GST. The judgment of the Kerala AAR ruling is opposite to the rulings passed […]
A new ‘GSTN e-Services’ app, has been introduced by the Goods and Services Tax Network (GSTN) and is on the Play Store, which has the purpose of facilitating tax compliance for traders, businesspersons, and merchants. The same app permits the users to track the history of transactions linked to their GST Identification Number (GSTIN). Through […]
A State Bank of India (SBI)-led committee to motivate the co-lending between commercial banks and non-banking financial companies (NBFCs) has suggested removing the 18% GST. As per the source, the SBI-led co-lending committee has furnished the report before the finance ministry where it suggested that no GST is to be levied on the co-lending related […]
