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The collection of Goods and Services Tax (GST) for June 2020 has seen a downfall as compared to that in June 2019. The GST collected for June, amounted to ₹ 90,917 crore (CGST- ₹ 18,980 crore SGST- ₹ 23,970 crore IGST- ₹ 40,302 crore Cess- ₹ 7,665 crore)the departments have already settled ₹ 13,325 crore […]
The National Anti-Profiteering Authority (NAA) has found Whirlpool, a consumer goods provider company in India, guilty for not passing the benefits worth Rs. 4 lakhs under the GST (Goods and Services Tax) rate Grab the information of revised GST slab rates on consumer products in India, Although GST council finalized the slab rates like 5%, […]
The Authority of Advance ruling (AAR), Gujarat recently ruled that M/s. Railtel Corporation of India Ltd. doesn’t belong to any category of ‘Government Authority’, hence it will be liable to pay GST at a 12% rate Grab the information of revised GST slab rates on consumer products in India, Although GST council finalized the slab […]
The Advance Authority of Ruling (AAR), Gujarat has ruled that the manufacturing of emulator, pressure gauge, change over switch, and timing advance processor will attract a GST (Goods and Services Tax) at 28% rate Grab the information of revised GST slab rates on consumer products in India, Although GST council finalized the slab rates like […]
The Authority for Advance Ruling (AAR) Himachal Pradesh bench released ruling and cleared that input tax credit (ITC) can’t be claimed by companies for GST paid on hiring commercial vehicles for transportation of employees If companies are providing such a service then such a service is not covered under any law. The AAR Himachal Pradesh […]
The Authority of Advance Ruling (AAR), Gujarat, has ruled that GST (Goods and Services Tax) will apply to the sales of developed land sold as plots by any real state developer on which basic amenities like electricity, drainage and waterline are provided. The authority has also said that such transactions, including the sale of developed […]
In the petition of SKH Sheet Metals Components Pvt LTD, the Delhi High Court instructed the GST Authority to initiate an online portal to enable Petitioner to furnish a revised declaration TRAN-1 through electronic mode or through manual mode. In this case, SKH Sheet Metals Components Private Limited is the petitioner who has a unit […]
The GST (Goods and Services Tax) Council had decided to provide a late fees waiver facility for the assessees who have not paid their GST returns from July 2017 till March 2020 on the condition that all such assessees will file their returns from 1st July 2020 till 30th September 2020. A lot of assessees, […]
The Central Board of Indirect Tax and Customs (CBIC) issued a clarification of the refund of ITC under form GSTR-2A The CBIC has issued the notification on October 09, 2019 regarding Input tax credit limitation. Now, it is mandatory to upload complete invoices if taxpayers want full credit. Read More. The clarification has been provided […]
