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The Maharashtra Authority of Advance Ruling (AAR) ruled that 12% GST was subjected to pay on the composite supply of works contract for the tunnel construction. The petitioner is the owner of Kapil Sons, is registered under the GST regime and has an operation of drilling and blasting works at various sites using Industrial explosives […]
The Pune bench of the income tax appellate tribunal ITAT mentioned that there would be no income tax subjected to pay on the software licence sale, support, maintenance because of being a non-royalty beneath the India-Singapore tax pact. The taxpayer is the owner of BMC software Asia pacific Pte ltd the company that has been […]
The Central Board of Indirect Taxes and Customs (CBIC) decided to conduct the meetings through the officials of state tax administrations in the country to surge GST collections mentioned in an official discussion. A similar meet has formerly been conducted in Karnataka towards the revenue boost plan along with that to find out the areas […]
GST surge with 18% for the government contracts shall come into compliance in January 2022 and might influence the infra projects and maintenance of the work in states. In the current times, the GST rate for the government is 12%, and the rate towards the private work contract is 18% GST rate. The same point […]
Gujarat Authority of Advance Ruling (AAR) held that Petronet’s activity of re-gasification of LNG owned via its enrolled GST customers amounts to providing service by Job Work and 12% GST payable. The petitioner is the owner of Petronet LNG ltd furnished that the same gives re-gasification services to its clients on the LNG owned through […]
The thought of the small company was started in the Companies Act 2013 to furnish specific benefits for small businesses that are functioning as private limited companies. Small companies are the supporters of the country’s economy. What is a Small Company? Small companies are said to be private limited companies, partnerships, or sole proprietorships that […]
Land deals are exempted from goods and services tax (GST) as ruled by the Authority for Advance Rulings (AAR), Telangana except for the works contracts within the agreement of the buyer and seller. The work contract comes under the service contractor which might indeed consist of the supply of goods in the implementation of the […]
Upon the purpose of how the tax council is applying data analytics and technology, as focused from the rules that have been provided towards the investigation of GST returns in Kerala. Commissioner of the state GST has ordered to the tax council the risks involved and the hardships along with the process that was explained. […]
Directing towards the current “legal and regulatory framework” concerned to ship leasing and financing exercises in India is “less favourable” with respect to the hubs all over the world like Panama, Dubai and Singapore, a statement tendered to the International Financial Services Centres Authority (IFSCA) at GIFT City has suggested the revision in the GST […]
