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The GST law would pose the major purpose of the tax which is to get collected merely on the value-added. A method is there in India via which the tax suffered at the before time would be permitted to get lessened from the tax subjected to get paid on the supplies. The same prevents the […]
The GST council’s 48th meeting would have incorporated amendments in the SUV segment in India. Under the guidelines, Mahindra Thar has been removed from the SUV category, resulting in less tax. Mahindra Thar is a market leader and is the top-rated 4X4 SUV available in the market at present. In 2020, Mahindra Thar obtained a […]
The traders, particularly those who function on a low scale, would seek that the State Government leave the practice test purchase that the commercial tax department performed, under provisions of the Goods and Services Tax. In Tiruchi district, the department performed Test Purchases at about 165 outlets over a 3-week period complying with the issuance […]
The Maharashtra Authority of Advance Ruling (AAR), no Input Tax Credit (ITC) is available on goods and services used for the construction of the pipeline that has been laid outside the factory. The two-member bench of M. Rammohan Rao and T.R. Ramnani sees that, under the explanation to Section 17 of the GST Act, “plant […]
The Maharashtra Authority of Advance Ruling (AAR) held that the transfer of monetary proceeds via IVL India to the petitioner IVL Sweden shall be obligated towards the payment of the integrated goods and services tax beneath (the RCM) reverse charge mechanism. The two-member bench of M. Rammohan Rao and T.R. Ramnani sees that excluding the […]
The Maharashtra Authority of Advance Ruling (AAR) stated that the supply of Tata garbage tipper vehicles to Municipalities draws 28% GST. The two-member bench of M. Rammohan Rao and T.R. Ramnani sees that the garbage tipper vehicles could be utilized for the purpose of goods transportation. The starting words of Entry 8704 are “Motor Vehicles […]
The Delhi High Court decided to investigate if the GST department can perform indirectly what the insolvency law averts it from accomplishing directly. When the goods and services tax council refuses the GST input tax credit to the customers of the insolvent entity on the basis of the unpaid dues of the latter. The matter […]
The GST council issued recommendations at its 49th meeting regarding GST compensation, the gst appellate tribunal, the gom report on capacity-based taxation and special composition scheme for certain commodities, GST rates, and additional trade facilitation measures. On February 18, 2023, in New Delhi, the GST Council’s 49th meeting was presided over by Smt. Nirmala Sitharaman, […]
The homebuyers who cancel the buying of the under-construction home post furnishing the purchase cost and goods and service tax (GST) shall obtain a refund via the government. In the 48th GST council meeting, no mechanism would be there to claim for the tax refund that is delivered via unregistered purchasers in matters in which […]
