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Search results for: gst

No Proper Explanation on CSR Over ITC Eligibility

Multiple AAR Decisions on CSR Confusing Firms for Getting GST ITC

Beneath the goods and services tax (GST) regime the Contradictory corporate social responsibility (CSR) judgments by the Authorities for Advance Ruling (AARs), have made confusion inside the private players who had been not happy with the laws. In recent times the Uttar Pradesh AAR ruled that CSR has to spend through the firms is liable […]

Can't Say GST Regime Citizen-friendly

SC Criticizes GST, Calls Attachment of Property as ‘Draconian’

The Supreme Court, severely criticized the way GST has been implemented (enforced) to date and called it no longer existing as a citizen-friendly act (as it was intended in the beginning). Further, the government emphasised that officers must try to seek a balance between shielding government revenue and permitting genuine business organisations to operate. Justice […]

GST Liability for Parking Fees from Staff

UP AAAR: Parking Fees at Workplace Attract GST, But at Nil Cost

Interestingly, It has been held by The UP bench of the Appellate Authority of Advance Rulings (AAAR) that though the parking fee paid by employees to the employer at the workplace is subject to GST as it comes within the domain of ‘supply of service’. However; subsequently, it put limitations to its statement. The reason […]

GST Rate for Supervising, Handling and Transportation Agriculture Produce

18% GST Levy on Supervising & Transportation Agriculture Produce Relating FCI

It has been held by The Karnataka Authority of Advance Ruling (AAR) that 18% GST shall be levied on Handling, Supervising, and Transportation “ of agricultural produce that belongs to the Food Corporation of India. Karnataka State Warehousing Corporation, the applicant, submitted to the aforesaid Honourable Court that they were established by the State Government […]

GST Rate for Gift Vouchers

Tamil Nadu AAAR: Now Gift Vouchers Also Taxable as Per GST

When it comes to whether Gift Vouchers are taxable or not, there have always been doubts. Clearing the air about whether gift vouchers are taxable or not, the Tamil Nadu Bench of the Appellate Authority for Advance Ruling (AAAR) held that ‘Gift vouchers’ are taxable and shall come within the domain of Goods and Services […]

Bombay HC Cancelled Provisional Attachment Order

GST: Bombay HC Reverses Provisional Order for Attaching Bank Account

The petitioner, in this case, is Praful Nanji Satra. He had, before CORONA Pandemic, rented out commercial premises on a license basis and received licence fees (from licensee). Petitioner is duly registered with the GST Department and It is the obligation of the petitioner to pay GST on the aforesaid license fees. However, the respondent […]

All-time High GST Collection in March 2021

Gigantic & Historical INR 1.24 Trillion GST Collection in March 2021

The government exchequer collected from Goods and Services Tax (GST) has been on the peak/pinnacle since its journey started in July 2017 across the entire nation. The revenue collection from GST was a whopping Rs 1.24 trillion in a single month of March 2021 — a historical and a mammoth figure in the history of […]

New Challenges for MSMEs Due to E-invoicing

FISME: More Challenges Yet to Come for MSMEs Due to GST E-Invoicing

The simplicity of implementing the business for MSMEs: it will not affect the businesses whose turnover is Rs 50 cr to generate the e-invoices however towards the micro and small businesses who do not invest in technology and do not have the digital systems, as per the President, Federation of Indian Micro and Small & […]

CBIC Launches Electronic Portal for GST Services

CBIC: New Common Electronic Portal for Smooth Workflow of GST Compliance

Gone are the days of struggling with complicated workflows. Now Individuals, who are related directly or indirectly to GST-related activities or compliance don’t have to wander here and there. The Central Board of Indirect Taxes and Customs (CBIC) has launched the Common Customs Electronic Portal for fine-tuning the workflow of various GST-related compliances and services. […]

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