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The financially strapped Kerala government intends to request that the Central government consider waiving the royalty on earth/boulders and refunding the State Goods and Services Tax component for the National Highway projects in the state—the Ernakulam Bypass and Kollam-Shenkottai NH. The State has already asked the Centre to waive the proposed 25% State share of […]
On Tuesday, Union Minister of State for Finance, Pankaj Choudhary said that there is no plan to remove milk and milk-based products from Goods and Services Tax (GST) because the rates are decided on the recommendation of the GST Council. There is no GST levied on fresh milk and pasteurized milk, said Chaudhary. The rates […]
In the GST mechanism, an individual is not bound to register if his aggregate revenue in the financial year is below 20 Lakhs. As per the law, the supplier needs to register once his turnover exceeds 20 Lakhs and start paying taxes from that point. However, in some cases in Karnataka, officials have made tax […]
No assessee shall need to pay the pre-deposits as a condition for filing an appeal in the GSTAT (Goods and Service Tax Appellate Tribunal), Central Board of Indirect Taxes and Customs (CBIC) stated. The notification pursuant to the principles of the Supreme Court has been issued by the board for the case of Union of […]
India’s Gross Goods and Services Tax (GST) revenue collection for the month of July 2023 has surpassed a whopping ₹1,65,105 crore, representing an outstanding 11% year-on-year rise. This significant milestone marks the fifth time that GST collection has topped the 1.6 lakh crore threshold since its implementation. The country’s economic resiliency and the successful implementation […]
In consideration of the suggestions of the 50th Goods and Services Tax (GST) Council, the Central Board of Indirect Taxes and Customs (CBIC) has released Circular No. 199/11/2023-GST on 17th July 2023, to simplify the taxability of services given by an office of an organization in one State to the office of that organization in […]
A show cause notice should comprise the foundation of the case laid on which the action would be important, ruled by the Allahabad High Court. The taxpayer would have the remedy to file answers/objections toward the related authorities in case the show cause notice is sufficient. There would be two major needs of the principles […]
An 18% GST shall be levied on the Rapigro, The Ahmedabad Bench of the Authority of Advance Ruling (AAR) stated. ‘Rapigro’ would be categorized as a Plant Growth Regulator and not a fertilizer, the bench of Amit Kumar Mishra and Milind Kavatkar witnessed. The petitioner, M/s. Isagro has the business of manufacturing the product Rapigro […]
To tighten GST compliance, tax authorities would have planned to bridge the gaps, they would have fetched nearly 15,000 entities and would have fetched the evasion of exceeding Rs 38,000 cr in past years. The same comprises the bogus GST registration cases through misusing PAN and Aadhaar information of other people for ITC claiming along […]
