Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
As per a recently released order, AAR stated that a separate Goods and Service Tax (GST) registration is not necessary for another state for continuing the contract in that state. The Order clearly states that if an entity has a proper GST registration then /he/she/they don’t need separate GST registration to execute the contract in […]
AAR is an acronym of Authority on Advance Ruling in Karnataka, In a recent matter, AAR stated that the tax invoice can be issued with Integrated Goods and Service Tax( IGST) to customers for the interstate transaction in the case where the goods are directly dispatched from the port of import with invoicing completed from […]
Goods and Services Tax (GST) rate cut has been sought for the white goods by the concerned sector from the Budget 2020 along with the incentives for manufacturing goods locally from the same. “Make in India” incentives are sought for the consumer durable from 1st February i.e. with the application of the Budget in order […]
Proposals for Goods and Services (GST) rate cuts on Active Pharmaceutical Ingredients (APIs) in consonance with pharma formulations have been put forth by Industry body Confederation of Indian Industries (CII). Additionally, the demands for exempting all goods obtained by drug manufacturers for research and development from GST has also been made by CII in its […]
The composition levy scheme is an optional scheme for small taxpayers to reduce their tax burden in the easiest, legal and convenient way. It is a voluntary scheme by the Central Board of Indirect Taxes These types of taxes paid on Consumption by the consumer but they do not pay directly to the government (unlike […]
In the midst to scenario where tax governance is concerned over the issues of GST, Finance Minister Nirmala Sitharaman has called for a meeting of tax practitioner association, MSME sector representatives ICAI representatives collectively to talk about the kind of grievances each group is facing and what is the solution for the same? In the […]
In the case of poor demand situations, most producers opt for bringing prices down as a natural response. Then, why India’s automobile industry is demanding for cuts in GST rates besides owning for a slash in prices. The GST Council only will make a final decision on this at its meeting on Friday. Fundamentally, the […]
Goods and Services Tax (GST) report prepared by the Comptroller and Auditor General (CAG)’s has hoisted many concerns. However, according to tax professionals, many relevant facts have not been thought through by the government auditor. CAG raised concern on GST of same nature being contingent to diversified tax rates by illustrating the applicability of distinctive […]
In the Rajya Sabha, the Hon’ble Union Home Minister Sh. Amit Shah has passed a resolution to amend the Article 370 of the Indian constitution that offers ‘privileges of special autonomous status’ to the State of Jammu & Kashmir. By making amendments in Article 370, the special state right of Jammu & Kashmir has been […]
