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The gem and jewellery division builds notable participation towards the country’s gross economy. Similar to that there was more experience from the last year’s budget this year too the profession is seeking positive results from the budget. Allowing the present government to trust in motivating and enhancing the business running environment, we are hopeful that […]
On the Central government, the Gujarat high court has imposed a notice about the goods and service tax (GST) along with the Central Board of Indirect Taxes and Customs covering the concern of directing interest on late payment of taxes under GST. Prior to that the GST council has directed 18% will be levied on […]
After record collection in December, it is expected that the Goods and Services Tax (GST) revenues will cross INR 1.20 lakh crore in January 2021. It indicates that the efforts of the government are now paying off. According to Soumya Kanti Ghosh, Group Chief Economic Adviser of State Bank of India, GST collections will be […]
Firms who were importing the raw substance used to make the sanitizers and disinfectants laid the government to the court towards the nonavailability of the claim of advantages over the apparent typing error in the goods and services tax (GST) platform. Lower custom duty is been paid by the importers of the ‘denatured ethyl alcohol’, […]
The finance ministry shows mentioned the 13th weekly installment of INR 6k crore to the states on Monday, January 25, to bridge the GST shortage. From that Rs 5,516.60 crore was delivered to 23 states and a value of Rs 483.40 crore was delivered to the 3 Union Territories (UT) with Legislative Assembly (Delhi, Jammu […]
Due to the Covid-19 pandemic, online classes and work from home protocols become the new normal. Due to these changes, a spike has been reported in demand for digital infrastructure across each and every sector of the country. Mr. Nitin Potdar, a Corporate Partner at J. Sagar Associates, and leading the education practice of the […]
The Indian Telecom tower assembly has asked the telecom department along with the finance ministry to include the towers inside the items liable to claim the input tax credit beneath the GST act. T.R.Dua, Director-General, Tower and Infrastructure Providers Association (TAIPA) comments “Currently, the telecom infrastructure providers can not avail of the Input Tax credit […]
The Gujarat authority upon an advance ruling for goods and services tax GST specified that the owners did not require to furnish GST on electricity or the charges taken from the tenants moreover, in addition, as the value of supply as per the lease agreement of immovable property rent. Gujarat AAR has been approached by […]
RUSHIKONDA IT Park Association (RITPA) raised the voice to cut the goods and services tax (GST) upon the IT sector from 18% to 12% as it was burdening a higher taxes on the industries. “This is a crippling factor for us to scale up and we hope the Centre will reduce GST as requested by […]
