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The 50th Goods and Services Tax (GST) Council meeting is in progress today, on July 11th, 2023. Chaired by Union Finance Minister Nirmala Sitharaman, this meeting holds paramount importance in discussing crucial taxation issues. It is important to note that the information shared is reflective of the present circumstances. We will continue to provide you […]
This article will aware of the TDS claim process if credit is not reflected in 26AS, AIS and TIS forms. There is Section 205 of the Income Tax Act of 1961 that gives you rights in certain situations. For example, if you are paying 60% tax on your income but your adequate tax liability is […]
28% GST is subjected to be paid on the supply of PVC floor mats for cars, the Gujarat Authority for Advance Ruling (AAR) ruled. The floor mats used for four-wheel motor vehicles (cars) supplied via the petitioner are principally for use in motor vehicles, the two-member bench of Amit Kumar Mishra and Milind Kavatkar witnessed. […]
The main reasons for the rise in GST-related offences in the nation today are tax evasion, fake invoices for goods that haven’t been delivered, cyber frauds using Goods and Services Tax (GST) identification numbers, creation of shell companies, fabrication of business transactions, failure to deposit required taxes with authorities, and illegitimately claiming input tax credit […]
The GST on paratha has been a hotly debated topic for Indian customers. Due to their varied compositions, roti and paratha are subject to various GST rates. In this post, let’s examine the specifics of the CBIC GST rate and the GST on the paratha. Why is the 18% GST Rate on Paratha While Roti […]
Through the Finance Bill, 2023, the government is likely to make changes to the Goods and Services Tax (GST) law that will prevent businesses from receiving tax credits for the purchases of goods and services that they make on behalf of the community as part of their corporate social responsibility (CSR) obligations. According to two […]
The Apex court sought the revenue department to furnish the information on the total number of show cause notices furnished to claim the GST exemption for the cases in which the exports would have been done before the imports, and in which the high courts (HCs) have provided the interim orders. The information would have […]
According to the Gujarat Authority for Advance Ruling (AAR), the nonprofit organization’s afforestation activities are GST-exempt. The two-person bench of Amit Kumar Mishra and Milind Kavatkar noted that mangrove plantation efforts fall within the category of charity activity. Since the applicant is a charitable trust registered under Section 12AA of the Income-tax Act of 1961, […]
In accordance with the most recent government regulation, all email addresses and cellphone numbers associated with PANs must be validated at the time of GST registration using an OTP. Additionally, starting with those enrolling from Gujarat, biometric-based Aadhaar authentication, as well as risk-based physical verification, have been implemented. On December 26, 2022, the Central Board […]
