Search results for: GST council

MSMEs who work in the Sidco industrial estate around Coimbatore city area has requested to the government to make the easy mechanism in order to receive the return on time and to make GST simple.

The Orissa High Court has instructed tax authorities not to take any substantial action against importers on the issue of advance authorization licenses for GST.

The law review panel of officers of the GST Council has recommended in its report that GST on freebies should be removed. Tax should be applicable to the gross value of such goods with the availability of input credit of tax, added the report presented by the committee.

Paint makers in India have increased prices of their products several times in the past years owing to the increase in the prices of raw materials and import duties and depreciation in the rupee value.

For starters, a trade deficit is a measure of a particular country’s trade balance i.e the value of a country’s exports and its imports.

It is a good news for private ITI students as the government has removed GST on those ITI trades (courses) which come under the Apprentice Act 1961.

Recently, due to the high load of GST return filing, GST council members have decided to extend the GSTR 3B due dates for the month of January 2019 to 22nd February 2019 from earlier 20th Feb 2019.

In a ruling made recently, the Maharashtra Appellate Authority for Advance Ruling for Goods and Services Tax (AAAR-GST) has decided that Input Tax Credit (ITC) is not available to CMS Info Systems on purchase of motor vehicles for the sole purpose of carrying cash to be used by cash management companies and supplied as scrap thereafter.

The NAA or National Anti-Profiteering Authority was set up with the sole purpose of ensuring benefits from GST rate reductions reaches the common taxpayer