Search results for: Goods and Services Tax

Regarding an application filed by the application, the Maharashtra Authority of Advance Ruling (AAR) stated that “Goods and Service Tax (GST) given by any co-operative housing society toward the maintenance charges, which is paid by its members are not eligible to claim the Input Tax Credit (ITC) in the case of replacement of existing elevator […]

Adamant to revive the GST collection, the government has now designed the roadmap that will lead them to gather Rs. 46,000 crores under interest on late payments. Protesting against the decision of the government, tax experts said that at the time of GST (Goods and Services Tax) implementation when the government was making taxpayers switch […]

It is cleared by the Bombay high court that provisional attachment power is not a universal power given to the department and it has to be used in certain special situations. The judgment was in the middle of one long decision taken by the court in the writ petition which was filed by the M/s. […]

Recently, the senior officials for the Finance Ministry of India have announced that hacking the government GST database and its associated infrastructure present on the GST Network (GSTN) can lead to an imprisonment of 10 years. The finance ministry declared the GST database and its associated architecture as “protected systems” under the Income Tax Act. […]

The GST Council has announced that a webinar will be organized today, i.e. 5th February 2020 at 4 pm IST on the topic – GST New Returns. This webinar will be presented by Mr. Shri Kumar Vivek AVP Services who will discuss various important topics like New GST Returns, its concept, business process and benefits […]

Comparing with the numerals of January 2019, a clear hike of 12% is witnessed in the gross collection of GST for January 2020 month. The administration was able to accumulate a total of Rs. 1,10,818 crore in the very first month of the year, as declared by Union Finance Ministry on Friday. It is for […]

As per the revelations made by Punjab and Haryana High Court, all the assessee grievances linked to interest on GST will be addressed in GST Tribunal. The so-called provision was designated due to the recent petition that was filed against the demand for Rs 4,004,832 as interest on grounds of late payment of output tax. […]

The electronic sector is seeking the government to lower GST rates and remove the import duty on inputs used to manufacture appliances domestically. In Budget recommendation, CEAMA’s president, Kamal Nandi said that lowering GST on eco-friendly and energy effective electronic appliances like air conditioners and refrigerators will definitely boost the demand for such items leading […]

Proposals for Goods and Services (GST) rate cuts on Active Pharmaceutical Ingredients (APIs) in consonance with pharma formulations have been put forth by Industry body Confederation of Indian Industries (CII). Additionally, the demands for exempting all goods obtained by drug manufacturers for research and development from GST has also been made by CII in its […]