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GST Council to Remove Tax Exemptions

Council to Withdraw Few GST Exemptions and Correct Slab Rates

The GST official has decided to rectify various tax rates and withdraw the tax exemptions, excluding building a series of amendments to the enrollment and GST refund process to increase the collections of revenue. On the second and the final day of the 47th GST meeting, the officials would see into the demand from the […]

MPTLBA and CTPA GST Workshop for Traders

MPTLBA & CTPA Highlight Challenges During GST Audit by Officers

A GST expert CA Sunil P Jain mentioned that the traders and the tax consultants are suffering from the issues in CGST departmental audit as towards the GST law various discrepancies are there, and in other cases, it is found even in the departments. Various meanings are assumed, and the business found it difficult to […]

Gujarat High Court's Order for M/s Adi Enterprises

HC Directs Authority to Give IGST Refund & Interest on Ocean Freight

A division bench of the Gujarat High Court including Justice A.J. Desai and Justice Bhargav D. Karia has allowed IGST refund along with interest in the light of the recent Supreme Court decision in Mohit Minerals v. Union of India. The applicant, M/s Adi Enterprises has challenged the vires of Entry No.10 of Notification No.10/2017-IGST […]

New Margin Scheme Under GST for Tour Operators

Fitment Committee Suggests GST Council to Start Margin Scheme for Travel Agents

To lessen the tax for the tour and the hospitality sector, the GST council’s fitment committee recommended imposing the tax on the margins incurred by the tour operators at an appropriate rate. A 5% GST would be imposed on the total tour cost without any utility of the ITC. The panel recommended a regularisation of […]

CAIT Demands Consultation Before GST Council Meeting

CAIT to Council: Consultation Before Imposing GST Rate on Food Grains, Cloth

The seven cr strong traders body asks that the GST official must ask the traders prior to revamping GST rates. The suggestions incurred via the Group of Ministers (GoM) which the GST official formed must not be provided with a go-ahead in the coming meeting without any consultation with the traders, as asked by the […]

GST Council Strategies to Curb Fake Invoices

Council May Work on 3 Strategies to Restrain Fake GST Invoices

The clarifications seek the applicability of the demand and the penalty provisions on the transactions invoicing the bogus invoices. The GST officials in their next week’s meeting seem to acknowledge a proposal to draw clarity on the actions with respect to the entities engaged in Input Tax Credit claims that becomes a bigger source of […]

GoM New Proposal of GST Rates on Hotel & Hospital Rooms

GoM Submits Proposal to Levy GST on Exempted Hotel & Hospital Rooms

A group of ministers (GoM) verifying the GST rates would ask for the elimination of the exemptions on given services, which consists to remain in cheap hotel rooms, hospital rooms exceeding a tariff limit, and the service given by the financial sector and the food safety regulators. Concerning the increase in the revenue-neutral rate (RNR) […]

GST AAR's Order for M/s Garhwal Mandal Vikas Nigam Limited

AAR: No GST Levy on Shaheed Dwar, PWDs & Tourist Houses Project

The Uttarakhand Authority of Advance Ruling (AAR) including Anurag Mishra and Rameshvar Meena directed that no GST would be subjected to be paid on the work of ‘Shaheed Dwar’ at Banjarawala, Dehradun. The petitioner, Garhwal Mandal Vikas Nigam Limited, is an undertaking of the Government of Uttarakhand. The petitioner is obtaining the consideration for the […]

Madhya Pradesh HC's Order for Saisanket Enterprise

MP HC: No Help From GST AAR After SCN by Government Department

A division bench of the Madhya Pradesh High Court has held that the authority for advance ruling (AAR) under GST cannot be sought after the initiation of assessment proceedings when the department issued a show-cause notice. The Petitioner, Saisanket Enterprise, is a Works Contractor engaged in executing works related to the construction of the irrigation […]

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