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GST e-invoice compliance: Wef October 1 the e-invoicing for businesses with an aggregate turnover of Rs 10 cr or more, under the goods and services tax, or GST regime would become essential. The government has reduced the limit from Rs 20 cr at the current time in a bid to manage the revenue leakage and […]
A Group of ministers would need to see towards the rate rationalization by the Goods and services tax council is thinking to maintain an 18% and 28% slab and ending a 12% slab. People who know about the development, the majority of the members of the group learn that a 12% slab accounts for nearly […]
GST revenue collection for July second highest ever and 28% higher than the revenues in the identical month of a former year. The total GST revenue collected for the month of July 2022 would be Rs 1,48,995 crore where Rs 25,751 crore CGST, Rs 32,807 crore SGST, Rs 79,518 cr IGST (including Rs 41,420 crore […]
The Andhra Pradesh authority for advance ruling (AAR) headed by Mr D. Ramesh, Member (State Tax) and Mr RV Pradhamesh Bhanu, Member (Central Tax) ruled that the procurement and drug distribution, Medicines, and additional surgical equipment by Andhra Pradesh Medical Services and Infrastructure Development Corporation (APMSIDC) does not come under pure service and not eligible […]
Prior to the protest demonstration of Apple growers in Shimla dated August 5, the government of Himachal Pradesh would have chosen a 6% subsidy on GST services that shall be given via the department of horticulture and HPMC to all the orchardists in the state who bought boxes and trays of Apple post to April […]
Because of the recent increase in the GST rate on some daily essentials everyday marketing would see a shift. The rise in the price seen in some items is labelled food items, packaged food items weighing up to 25 Kg per pack, or retail packs. Before the revision of GST rate was exempted, currently, a […]
The Delhi Appellate Authority for Advance Ruling (DAAAR) ruled that the supply of goods to outbound international travellers comes beneath the supply on which GST will be levied and upholds the order of Delhi AAR. The petitioner M/S Rod Retail Private Limited who used to supply the sunglass hut’ to international outbound passengers from the […]
The Andhra Pradesh Authority for Advance Ruling ruled that the construction of a 20 MT Cold Storage building for the primary processing centre beneath the Mega park scheme attracts 12% GST. The applicant, M/s YVR, and Co are in the construction work of commercial/industrial buildings and civil structures. Some of the civil works contracts were […]
The Goods and Services Tax Network (GSTN) has issued an advisory on the forthcoming revisions in the GSTR-3B return for the assessee. On 5th July 2022, the government vides notification no 14/2022 – Central Tax would be notified with some amendments in Table 4 of Form GSTR-3B needing the assessee to notify the details on […]
