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The GST fitment committee’s advice to enhance the tax on solar modules up to 5% to 12 % has forwarded trembling all over the renewable energy industry, as an organization is anxious that if it causes various projects unviable. Apparently, the charge of GST on all solar panels is 5 %. It was finalized since […]
The Madras High Court held that the GST Authorities can implement the investigation beneath section 70 with proceedings beneath section 6(2)(b) of the CGST Act. The petitioner, Kuppan Gounder P.G.Natarajan, is the Managing Director of a Company enrolled beneath the Indian Companies Act, 1956, that is involved in the transportation business. The petitioner seeks to […]
The upcoming council meet under GST shall decide the destiny of the national anti-profiteering authority (NAA) whose tenure ends in Nov. Apart from that, the department will also discuss extending the concessional rates towards the medicines concerned to the drugs which consist of Remdesivir in the next 3 months. FM Nirmala Sitharaman has decided that […]
The refund shall be furnished to the credit that collects on inputs beneath the inverted duty for the GST regime said Supreme court. As per the order, the Madras High court placed it alongside the order of the Gujarat high court. The appeal has been acknowledged which the GST department urged to go through again […]
The West Bengal AAR held that the ITC is not permitted upon the invoices for Jan to March-2020 to which the supplier has filed the FORM GSTR-1 and FORM GSTR-3B. The applicant is the owner of Eastern Coalfield ltd which produces and supplies the coal and obtained the services from M/s Gayatri projects ltd and […]
The Kerala High Court ordered the GST Authority to bring back the GST registration as the receipt of the building tax was not being acknowledged. Advocate Aji V. Dev mentioned the refusal of the order of the enrollment and furnished that respondents have implemented the law beneath subsection (2) of section 29 of the CGST/SGST […]
GST law supports the free flow of the input credit. It is used to permit tax-free transactions and removes the rollover effects. Amnesty is directed towards forgiving the crime or the act of forgiveness for the previous offences. From the compliance of the old dictionary, Amnesty means “a fixed period of time during which people […]
The GST-Authority for Advance Rulings (AAR) provided the ruling for Puranik builders which seems to influence the builders as well as buyers as it raises the price. The AAR urged that the other charges obtained through the builder beneath the sale agreement shall not be composite supply and needs to be levied GST at 18%. […]
In positive news coming from every corner of the nation, the union finance ministry has highlighted some of the good jumps in GST collections from 3 developed states of India. Talking about Kerala. From the past period i.e August 2020 the state, Kerala had set a 31% rise in GST collection which is a new […]
