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The journey of implementing Goods and Services Tax that started on July 1, 2017 has impacted the lives of the population of India across the length and breadth of Industry. One of the Modi-Governments’s biggest focuses in its agenda is the Goods and Services Tax 2017. Today on the fourth anniversary of GST, there is […]
In a country where the Right to Education is in force, The cost of education in India is skyrocketing since the last few years and it is an item of main expenditure in the checklist of the parents. In an attempt to ease the burden of heavy fees on the parents, the government has waived […]
Inside the rules of relaxations consisting of late fee reductions, and extended last dates for furnishing the return, shall assist the assessee’s who has affected from the 2nd wave of covid-19. The department on Friday stated that an amnesty policy beneath which the returns of the previous tax periods from July 2017 till April 2021 […]
Every country expects that its native people “who reside abroad mostly” should invest in the domestic economy to boost the growth and development of the country. So is the case with India. India expects the injection of funds from Non-Resident Taxable Person (NRTP) Who is NRTP? In layman terms, An NRI that supplies goods and […]
The Madras High Court has issued the directive to the concerned GST authorities for permitting the advantage of refund claim as legitimate export incentives cannot be rejected. Here, the petitioner is BNP Paribas Global Securities Operations Private Limited who has filed 3 refund claims for different periods of time. And subsequently, the three refund claims […]
Hoteliers, for stand-alone restaurants, have requested the government to reduce the hiked Goods and Services Tax (GST) on commercial liquefied petroleum gas (LPG) cylinders, otherwise, it would lead to an unwanted hike in the prices of food items. Recalling history in a hurry, Between December last year(2020) and March(2021) this year, the price of a […]
Input tax credit (ITC) benefit stated by the Madras High Court cannot be denied even if the column is mistakenly filled The applicant is the owner of Ram Auto and is a dealer in two-wheelers. He was enrolled under the taxpayer beneath Tamil Nadu Value Added Tax Act, 2006. The applicant held ITC to raise […]
At present time, GST at 5% applicable on Rice bran (before oil extraction) and crude rice bran oil but de-oiled rice bran oil are out of the GST radar. However, now the Department of Food and Public Distribution is suggesting North Block to levy GST at 5% on de-oiled rice bran (DORB). As per a […]
There is confusion in every GST-enrolled individual and professional furnishing of GST returns in the current times to which the policy is to be taken, QRMP policy, or the monthly 3B system such as in Income Tax, the incorporation of the new income tax slab regime in lower tax price done by the government and […]
