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The Maharashtra Authority of Advance Ruling (AAR) received the application from the manufacturer of the transformers that were supplied to Indian Railways stating that the transformers are included under HSN‘8504’ and Sr. No. 371 of Schedule III of the notification 1/2017, that invited the levy of Goods and Service Tax (GST) at 18%. The applicant […]
Recently, the senior officials for the Finance Ministry of India have announced that hacking the government GST database and its associated infrastructure present on the GST Network (GSTN) can lead to an imprisonment of 10 years. The finance ministry declared the GST database and its associated architecture as “protected systems” under the Income Tax Act. […]
High Court set foot in the conclusion made by the Kerala based Authority for Advance Ruling (AAR) to weed away the argumentative confusions related to composite supply under the GST regime. Experts assume that the ruling will become guidelines to conclude the cases associated with composite litigation. The case is related to Abbott HealthCare which […]
The Delhi High Court underlined that the Goods & Services Tax (GST) regime intents to facilitate the assessees and not to make them suffer due to technical failures & faults so the software system should be maintained & regularly updated with the amendments in rules & regulations. Delhi HC said that the rights of individuals […]
The government is looking upon reforming the set of provisions regarding tax that is allotted to the intermediary service providers (ITs) making it tax-exempt. Included in the list are services from BPO, export services, IT/IT-enabled services and various back-office assistance extended to foreign organizations. The issue will be a subject of discussion in the next […]
Protein Powder with Vitamins and Minerals manufactured by any applicant will fall under HSN Code 3004, said Himachal Pradesh Authority for Advanced Ruling (AAR). Thus attracting 12% Goods and Service Tax rates Grab the information of revised GST slab rates on consumer products in India, Although the GST council finalized the slab rates like 5%, […]
Constitutional lawfulness of the National Anti-profiteering Authority (NAA) has been challenged by some real estate developers due to the absence of judicial members as a part of authority while condemning the interest levied by NAA on penalties. Around 50 real estate developers throughout India had received notices from NAA on account of not passing the […]
The Central government, in a recently passed order (Order No. 09 /2019-Central Tax), has provided the provision to remove the difficulties in regards to appealing to the Appellate Tribunal against orders, examining the record of any order passed by the Appellate Authority by the Commissioner, and difficulties in timely filing of appeal/application because of the […]
Now the government has given another relief to the homebuyers by ordering the builders to return the additional GST taken from them. The Tamil Nadu Real Estate Regulatory Authority (TNRERA) has recently ordered this to builders community. But on the contradictory, it has ruled down the issues that the homebuyers can claim the input tax […]
