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Search results for: Goods and Services Tax

Request for Lower TDS and GST Rate

Need to Reduce GST & TDS Rate for Coworking Spaces in Budget 2021

Coworking office spaces have had an effective rise in past years, but currently, the rate of TDS applied to coworking services is 10% because the coworking firms provide rental services to movable as well as immovables. The TDS rates are required to be lessened so that it will give benefits to their customers in context […]

Extension for GST Compensation Period

Rajasthan Govt. Requests Center to Extend GST Compensation Timeline

The center is proposed by the Rajasthan government to prolong the duration of authorization of goods and services tax (GST) exemption to states for 5 years from 2022 to June 2027, concerning the weak fiscal situation of the states in the lockdown. The states urged a rise in the centers’ share about the sponsored policy […]

Exporters vs DRI Over GST Exemption Notices

Exports Filed Appeal in Many High Courts Over GST Notices from DRI

The exporters have dragged revenue intelligence (DRI) that is India’s main anti-smuggling intelligence firm to several courts concerning notices upon carrying dreadful claims of GST privileges. It might be a temporary advantage for the assessee said, Tax experts. Exporters had received notices from DRI for dreadful claiming of Goods and Services Tax privileges in which […]

No Input Tax Credit on Demo Vehicles Used for Business Promotion

MP AAR: No GST ITC is Possible on Demo Vehicles Used for Biz Progress

The Madhya Pradesh Authority of Advance Ruling (AAR) ruled that no Input Tax Credit (ITC) is possible on demo vehicles open in the business improvement and for the constant performance of the companies The petitioner is the owner of Khatwani Sale and Service LLP is an authorised dealer of KIA for sales & services of […]

Demand Lower GST Rate

Indian Staffing Federation Wants GST Rate Cut from 18% to 5%

To the government, the Indian staffing Federation questioned to lessen the goods and services tax on staffing firms with respect to 18% to 5% as well as seeking separate industry status for the sector to assist them alleging specific privileges. “Staffing companies generate employment and in a majority of the cases, these are low-level jobs […]

Not Accepted Automatic Adoption of GST Circulars

MH will Not Auto-adopt GST Circulars from the Central Department

In a case of resistance of the authority of the Center on GST matters, the Maharashtra government has decided that the state will have the final say in the applicability of the circulars defining the rules on indirect tax issues. A circular dated January 12 issued by the Maharashtra Goods and Service Tax Department (MGSTD) […]

18 Percent GST Rate for Employees If Skipping Job

Pay 18% GST If Employee Exits Without Completing Notice Period

The Gujarat Authority for Advance Rulings (GAAR) has stated that an employee who is leaving a company without completing their notice period will have to pay 18% Goods and Services Tax (GST) on the recovery of salary. This decision comes into a case related to the Ahmedabad-based export company “Amneal Pharmaceuticals” which took an advance […]

DGGI Sent Show Cause Notice to Amazon

Amazon Gets Show Cause Notice by DGGI Over Illegal GST ITC Refund

The Director-General of GST intelligence (DGGI) provides a show-cause notice to e-commerce company Amazon India to avail of the input tax credit. Rs 175 cr is raised through GST intelligence, as determined from the sources. The investigation through DGGI has found errors in the computation developed by the e-commerce company. As per the sources Amazon […]

GST Payable on Common Maintenance Fund and Deposit

Gujarat AAR Order for Pay GST on Common Maintenance Fund & Deposit

The Gujarat AAR held that GST payable on the common maintenance fund or deposit negotiated through the members. The petitioner is the owner of The capital commercial co-op (service) society ltd which is enrolled under Commercial Co-Operative service society which gives maintenance service to their members. Inside the monthly maintenance fees, Recurring basis, and Common […]

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