Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
Through the Finance Bill, 2023, the government is likely to make changes to the Goods and Services Tax (GST) law that will prevent businesses from receiving tax credits for the purchases of goods and services that they make on behalf of the community as part of their corporate social responsibility (CSR) obligations. According to two […]
The Order cancelling the GST registration that was given without providing a justification was rejected by the Patna High Court (HC). Manoj Kumar Sah, the petitioner, asked the court to order the respondents to immediately restore the petitioner’s GST registration since he is prepared to provide previous years’ returns within one month of the court’s […]
Finance Minister Nirmala Sitharaman, while presenting Union Budget 2021 referenced Rabindranath Tagore and stated that ‘faith is the bird that senses the light and sings while the morning is still black’. As another union budget release approaches, the market and residents remain hopeful and await budget pronouncements with bated breath, under the shadow of another […]
There should be no GST levied on the scanning and processing of exam results, said Andhra Pradesh Authority for Advance Ruling recently, in an application filed before it. The mentioned ruling was incurred by the Authority of Advance Ruling when an application was furnished to it by M/s. Universal Print Systems, the petitioner held within […]
The main motive is to write this article to shortlist some basic and important GST questions with answers for businesses. These questions are very common and taxpayers might be stuck when working for GST compliance. Question 1: Does GST Apply to Education and Allied Services? Answer: A person runs a bus transport service in which […]
No GST shall be applicable to the government incentives provided to the banks for motivating the practice RuPay debit cards and low-value BHIM-UPI transactions, under the finance ministry. The cabinet ministry has authorized a Rs 2,600-crore incentive program for banks to facilitate RuPay debit cards and low-value BHIM-UPI transactions in the current year. “As recommended […]
The exporters would be qualified for the recovery of the utilized ITC of GST beneath the Reverse Charge Mechanism on transportation costs to the Goods Transportation Agency, said Authority for Advance Ruling (AAR) of Chhattisgarh. Under the Letter of Undertaking (LUT), the petitioner would be enrolled as an exported under the GST Act and would […]
The Goods and Services Tax Network (“GSTN”) has allowed the operation to file a Letter of Undertaking (“LUT”) for the FY 2023-2024 on the GST Portal. Under rule 96A, the letter of Undertaking or LUT would specify to be filed via form GST RFD 11 in which the exporter shows that he or she will […]
The Chhattisgarh Bench of the Authority for Advance Rulings (AAR) has declared that the 18% Goods and Services Tax rate applies to BENQ 75-inch Interactive Flat Panel Screens utilized for Data Processing. The authority, comprised of Sonal K Mishra and Rajiv Kumar Agrawal, further highlighted that the same will attract 28% if other tasks other […]
