Powerd By SAG INFOTECH
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In Dec 2020, GST revenue has received gross Rs 1,15,174 crore where Rs 21,365 cr is from CGST, 27,804 cr from SGST, Rs 57,426 cr from IGST and other includes Rs 27,050 cr received from the import of goods and Rs 8,579 crore on cess along with Rs 971 cr received on the import of […]
The Kerala Appellate Authority of Advance Ruling (AAAR) ruled that no acknowledged rate of 12% GST relevant for work engagement services supplied to the Kerala State Electricity Board. According to the given order, the implementation of civil works of Pazhassi Sagar Small Hydroelectric project to the petitioner, R.S. Development and Construction Pvt. Ltd. the Kerala […]
The Odisha Authority of Advance Ruling (AAR) held that 18% GST will be applied to the construction of the Director’s Bungalow and the construction of staff or faculty quarters in IIT, Bhubaneswar. In the IIT Campus, Bhubaneswar the applicant, M/s NBCC (India) Limited has been awarded the construction of Directors Bungalow, staff Quarters, Faculty Quarters. […]
The Odisha Authority of Advance Ruling (AAR) held that there will be no Goods and Service Tax (GST) on the grounds of reverse charge which is applied to the Supply of service to Odisha Power Transmission Corporation Limited. The petitioner is the owner of the Electric power company service limited (TEPSCO) which is a Japan-based […]
The central government has inserted a rule to prevent fraud from claiming an input tax credit under the GST. Now, businesses having a monthly turnover above ₹ 50 lakh will require to pay at least 1% of their GST in cash. Latest Changes for New Rule Under 86B of CGST Act Recently there was a […]
GST enrollment will be done for the individual only on the grounds of the verification. So to reduce the bogus GST invoices the government has notified the recommendations of the law committee of the GST department. There are four objectives that the law committee has been notified such as stiffening of the confirmation process for […]
All over the country, the Directorate General of Goods and Services Tax Intelligence (DGGSTI) in the previous month has arrested 100 persons and recorded 3479 entities inside 1161 cases in the concern of illegally claiming the input tax credit(ITC) through the bogus GST invoices and causes the government tragedy. Despite lower revenue collection. Latest Update […]
In the Bombay High Court a writ appeal has implied asking the arrest procurements beneath the goods and services tax (GST) laws. GST Input tax credit (ITC) A complete guide for understanding the basics of input tax credit and it calculation with detailed examples under GST (Goods and Services Tax) India. Read more , has […]
The validity of unloading the goods post expiry of the E-way bill may be extended for 8 hours to reach its destination prior to getting expired e-way bills declared by Karnataka High Court. The applicant is the owner of Hemanth Motors who is a dealer in TVS motors and the taxpayer enrolled beneath the plan […]
