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Olivol Body Oil takes care of the skin but does not cure it, West Bengal Authority of Advance Ruling (AAR) under GST held. Under tariff heading 3304 Olivol Body Oil is covered. The bench of Tanisha Dutta and Joyjit Banik witnessed that Olivol body oil is known as a preparation for the care of skin, […]
As per the Central Board of Indirect Taxes and Customs (CBIC), the enrolled businessmen on the GST network portal in Punjab’s Bathinda should show their GST number on their premises and if they do not follow then they need to pay a fine of Rs 50,000. For the GST verification, the CBIC is running the […]
Businesses providing incentives to their dealers, in the form of gold coins, could face tax consequences under the goods and services tax (GST) on the grounds of a decision by the Karnataka Authority for Advance Ruling (AAR). In the Orient Cement case, the AAR noted that these incentives given by companies to dealers should be […]
Through the common GST portal, the (Goods and Services Tax Network) GSTN issued Advisory No. 601 on August 31, 2023, concerning the introduction of an Electronic Credit Reversal and Re-claimed statement. The government has released the notification about the changes to form GSTR-3B, specifically Table 4, to ensure accurate reporting of Input Tax Credit (ITC) […]
GST Revenues from domestic transactions (including import of services) are 14% higher Year-on-Year Rs 1,59,069 crore is the collected gross GST revenue for the month of August 2023 out of which CGST is Rs 28,328 crore, SGST is Rs 35,794 crore, IGST is Rs 83,251 crore (containing Rs 43,550 crore collected on goods import) and […]
In the case of Singla Exports v. Central Board of Indirect Taxes and Customs & Ors [W.P.(C) 2732 of 2023 dated August 09, 2023], the Delhi High Court overruled the order of the cancellation of the GST registration due to inadequate reasons in the auto-generated order. Main Facts: The petitioner, M/s. Singla Exports decided to […]
The Appellate Authority for Advance Ruling (AAAR), Uttar Pradesh branch has affirmed that the training provided to commercial pilots to acquire Aircraft Type Ratings (ATRs) is not considered a “qualification” but rather is considered just a “Course Completion”, therefore it is ineligible for Goods and Services Tax (GST) exemption. This decision was taken when an […]
Approximately 200 companies, including McDonald’s India, L’Oreal, Colgate Palmolive, Castrol, Saint-Gobain, Whirlpool, Mastek, and Domino’s Pizza, have obtained notifications from state authorities requesting taxes for the period before the Goods and Services Tax (GST) was implemented. These companies are contesting the taxation of the same item as both “goods” and “services” and have taken their […]
The Allahabad High Court, under Section 129 of the GST Act, has overruled a penalty imposed by the authority, on the basis that the absence of an E-way bill constitutes a minor technical error and does not give an adequate reason for tax evasion, especially when no other differences are noted. The petitioner, as per […]
