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A unified national market for goods and services was intended to be created by the Goods and Services Tax (GST), which was established with the claimed goal of rationalizing India’s indirect tax environment. The three pillars of this “one nation-one tax” strategy were ‘ease of doing business’, economic expansion and pricing rationalization. A strong dispute […]
The Telangana Authority for Advance Ruling (AAR), which is presided over by S.V. Kasi Visweswara Rao and Sahil Inamdar, decided that paper-based corrugated sheets are subject to a 12% Goods and Services Tax (GST). The matter was submitted by the applicant M/s. S S R K Plastics Private Limited, producers of paper-based corrugated sheets in […]
Businessmen who have sold plots in the industrial estates of MIDC may soon receive a visit from the taxman. For these transactions, the central GST department is now collecting an 18% charge. The transactions are treated as leases, which are subject to GST because they are considered services. Since the introduction of the GST in […]
Any taxpayer could not be stopped by the taxing authorities from claiming his statutory right, as specified under this Act in the garb of technicality. A Single Bench of the Allahabad High Court, in a major exemption to the taxpayer, M/s Yash Kothari Public Charitable Trust, has ruled that offline filing of Goods and Services […]
Summary of GST PMT-06 Challan Form A single challan called Form GST PMT-06 is used to pay interest, taxes and penalties. This challan can be created online through the GSTN official portal, where you can also make payments and get immediate receipts. If you are registered for the QRMP scheme, you must use this challan […]
An Explanation About E-invoice E-invoices are digital documents that are exchanged between buyers and suppliers and validated by the tax portal of the government. An e-invoicing system is a digital process of preparing business-to-business (B2B) invoices and showing them through the Goods and Services Tax Network (GSTN). Business invoices are reported to the GST portal […]
On the Delhi-Amritsar National Highway on Saturday, Punjab Finance and Excise Minister Harpal Singh Cheema led a team of tax department employees in a special check on cars transporting commodities in an effort to arrest tax evaders. When Punjab Minister for Finance, Excise and Taxation Harpal Singh Cheema entered the Tax Department teams in a […]
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 […]
18% GST is subjected to be paid on the forest permit fee, the Telangana Appellate Authority for Advance Ruling (AAAR) stated. The two-member bench consists of B.P. Naga Siva Kumari tracked, the permit fees obtained via the forest council would be utilised by forest officials to track the activity of mining, assess quantity and type […]
