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Transitional Credit Under GST is Mandatory

Madras HC has Held that Time Limit Under GST Transactional Credit, Mandatory

The High Court of Madras has held that the time limit under GST Transactional Credit is not a directory but mandatory. This ruling is the opposite of that issued by Bombay HC, which the Supreme Court has ut under stay. Transactional credit is the credit collected from central excise and service tax (the older indirect […]

Service Notice Under GST and IT Act

All About Service of Notice Under GST Regime & Income Tax Act

When a person reaches court seeking a legally required court order in a notice against another party or parties that may affect them and also deliver the same notice to other parties in a permitted way then the complete process is known as service of notice under GST (Goods and Services Tax) . A court […]

GST on Transfer of a Running Business

Capital Assets with Transferring Running Business will Attract GST: AAR

The Authority of Advance Ruling (AAR), Andhra Pradesh, has held that GST will be applicable on a transfer of any running business to another state along with the capital assets for a monetary consideration. The ruling was provided by the authority in the case of the applicant, Shilpa Medicare Limited, dealing in the business of […]

Supply of Goods on Behalf of a Registered Person

Interstate Trade to Include Goods Supplied on behalf of a Registered Person from Another State to a Place in the Home

The Authority of Advance Ruling (AAR), Goa, has held that all kinds of supply of goods or services Get to know GST provisions and rules on the free supply of goods. Also, we have included rules regarding ITC reversal on free supplies of goods and services made on the behalf of a registered person from […]

GST on Maintenance is Valid

GST on Maintenance Charges is Confirmed, AAR to Nariman Point CHS

AAR Maharashtra surprised Nariman Point cooperative housing society (CHS) with an advanced ruling and stated that GST will be applicable and need to be collected on maintenance charges if it surpasses the threshold limits. Thus activities of Nariman CHS towards its members were “taxable supplies” under the GST Act Get to know GST provisions and […]

FM: Focus on Easing the GST Compliance

Finance Ministry New Strategy to Ease Compliance for High GST Revenue

The government has decided that it will focus on easing down the compliance for GST (Goods and Services Tax) for the benefit of the assessments. The government thinks that easing will bring more revenues to the government. With better and easier filing and payment compliance, more taxpayers will submit the GST returns

Claim IT Exemption on New Tax Regime

CBDT Allowed Employees to Claim IT Exemption on Conveyance Allowance Under New Tax Regime

The Central Board of Direct Taxes (CBDT) released a notification recently and made some changes in Income Tax rules to provide some exemptions that can be availed by the employees. The new rules due the amendments permitted individuals to claim exemptions for allowance to manage the cost of travel, daily expenses on transfer, and tour […]

No GST on Security Services and Manpower to Govt

NIL GST on Security Services & Manpower Supplied to Govt Authorities: AAR

The Authority of Advance Ruling (AAR), Gujarat, has ruled that any corporate providing security services and/or supplying manpower to the Central, State or Local Governments or any other government authority is eligible to claim an exemption of GST (Goods and Services Tax) for providing such services if the authority over the services are provided to […]

Officials Favor Increasing GST Rates

Govt. Tax Officials in Favor of Increasing GST Impositions

The officials are pressurizing the government to rework the Goods and Services Tax (GST) slabs and increase the rates of GST. The officials have also been suggesting that the government should correct the inverted duty structure on fertilizers, footwear, and garments as there are signs of high economic activity in the sectors. The suggestions were […]

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