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The Gujarat Authority of Advance Ruling (AAR) held, that no GST will be charged on the employee’s portion of canteen charges. In a two-member bench of Amit Kumar Mishra and Atul Mehta, GST is imposed on the amount representing the contractual worker portion of canteen charges, which is collected and paid to the canteen service […]
Through the motive to make it effective for the one’s income assessees, the centre would work to rectify the 2-year former exceptions free income tax regime, furnishing fewer tax rates post to the failure of the new system to attain the benchmark. Finance Ministry, seems to remove the old personal income tax regime, that provides […]
18% GST would be imposed from 18th July 2022, on the lease rent furnished for the rental residential dwellings to enrolled individuals beneath GST. The amendment is on the suggestions of the 47th GST council meeting, conducted on 29th June 2022. For learning the revisions for the common man on the basis of the change, […]
Recently the Karnataka Authority for Advance Rulings (AAR) made the decision for their institutions that function as per the municipally entrusted code to be under the government authorities and would be applicable with the 18 per cent GST. The Indian Hume pipe company which is also the applicant, in this case, mentioned that the contract […]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT), ruled that a domestic transaction through an affiliated party does not a described domestic transaction under section 92BA. The petitioner, Giraffe Developers Pvt Ltd has a construction business. While in the investigation assessment, the assessing officer assessed the total income of Rs NIL post to set […]
LLP Amendment Act, 2021 has drawn various amendments to LLP act, 2008, and is executed for the first time. These changes would be made to draw the provisions of LLP act 2008 in the line with that of the companies act 2013. The same would be targeted to promote the ease of conducting the imitative […]
The government stated that there is no Goods and Services Tax (GST) on the funeral, burial, crematorium, or mortuary services. The press Information Bureau (PIB) articulated that the social media post which claims to affect there would be the GST on these services was guiding negatively. But, for the works contract or the issued contracts […]
The GST network would provide the utility to withdraw refund applications on the GST portal. Through the same, users could withdraw the applications for the mistakes while claiming a refund. The new utility would lessen the chances of rejection of the GST refund applications via the GST dept on the basis of errors or defects. […]
A Limited Liability Partnership (LLP): specifies that a business in which at least two partners are needed and there would be no threshold on the max number of partners. The liabilities of the partners are limited within the extent of the capital contribution performed by each partner in LLP. LLP would be another corporate business […]
