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According to the Indian tax department’s understanding, India-based back offices of multinationals are just brokers and commission agents just rendering services while not coming into the definition of exporters.
In the recent AUTHORITY FOR ADVANCE RULINGS, ODISHA bench, it was taken as a decision that the input tax credit claims will be allowed for all the properties having maintenance as a part of the business.
In a mass movement strategy, now most of the reputed FMCG and IT firms are likely to file petitions in the court of Mumbai and Delhi to seek more clarity on the anti-profiteering clause of the GST.
In a recent move to eradicate Illegal financial transactions happening across the nation, the government took a strict decision to deactivate a staggering 11.44 lakh permanent account numbers (PAN) on 27th July. The deactivation of PAN cards were done in the light of multiple Pan cards allotted to single person.
Now the travel agents who are into the online ticketing business and providing other services on the E-Commerce portals are considered as E-Commerce operators by the CBEC. The GST Council and the Central Board of Excise and Customs decided that the travel agents will have to deduct 1% tax collected at source (TCS) from the customers and will have to deposit it with the tax department.
The finance ministry is planning to set up an Anti-Profiteering Body to deal with fraud price hikes and to clear confusion over the new GST prices of goods and services.
Latest GST Circulars/orders from the official head office of CBEC and commissioner GST is available up to date for the notification purpose of GST India. The Goods and service tax is the biggest reform by the Indian government to tackle the complex tax rate structure that was followed until now. It has been assumed that […]
GST notification is a source for all the latest updates and notifications regarding Central, Integrated, Union Territory and their respective taxes applicable. The following latest notifications with accordance with proper laws, rules, and rates is a must for every trading and business unit and will keep the tradition in a proper managerial way. Goods and […]
GST Helpline Contest 2017 Steps to Participate and Win Contest: 1. Download GST Helpline App from Play Store: http://bit.ly/gsthelpline (For iPhone users: http://bit.ly/itunes-gst) 2. Rate and Review GST Helpline App on app store 3. Join Discussion Forum in the GST Helpline App 4. Login and Answer the same question (Asked in The Image) 5. The […]
