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As per the recent ruling from the Authority of Advance Ruling (AAR) the employers are now relieved from the process of deduction of GST on the subsidy-based meal amount received from the employees. Zydus life sciences approached the AAR’s Gujarat bench to get clarification on the GST deduction on the food amount bought from the […]
The Gujarat Bench of the Authority for Advance Rulings (AAR), the activity of fabrication & mounting of Tanker and Tripper on chassis provided and owned by the principal is a supply of Service and must be levied with 18% of GST. M/s. Hasmukhlal Jivanlal Patel, petitioner would be involved in building bodies of various vehicles […]
The Authority for Advance Rulings (AAR), Gujarat bench ruled that GST does not get applied to the provision of transportation and canteen utilities via third parties to the employees under the contract. The petitioner, M/s SRF Limited is a multi-business chemicals conglomerate involved in manufacturing industrial and speciality intermediates. The petitioner’s business portfolio covers fluorochemicals, […]
In the month of September, the GST collection surged to Rs 1.47 lakh cr because of the combined effects of the surged cost of goods and services the higher demand for them, the raised tax compliance by the traders, and the festive season. The collection has been rose by 26% with respect to the identical […]
The Ahmedabad income tax appellate tribunal (ITAT) Bench, arranging the appeals furnished via both the taxpayer and the revenue, ruled that the interest income from the staff loans and advances along with the fixed deposits and the advances would be treated as the income of the business. The tribunal sees that when seven appeals out […]
The Karnataka Authority for Advance Rulings (AAR) held that the heads could not impose the GST on the assessee to sell the land plots securing the basic infrastructure. The same comprises levelling the land and installation of sewage lines which are essentials. The GST law has held land out of its reach with a mention […]
The Allahabad High Court held that the e-way bill would not be essential for the intra-city movement of goods, held the order by the appellate authority. But the same ruling would bind the applicant and respondent to the same could be directed in the identical case in different courts. The GST e-way bill would be […]
A new Central Government policy has been opposed by the red brick manufacturers in Gujarat which affects the sale of the commodity. They have the fear that the same shall reduce its usage and lastly their lives get affected by the action. Seeing the protest against the new GST compliance, the Gujarat Brick Manufacturers Federation […]
GST council shall not change anything in the tax slabs in the present fiscal year. Higher inflation diminishes the actions taken on an urgent basis as the purpose of the revenue neutral rate (RNR) will inevitably direct to higher rates for a large number of items and lastly their prices hikes. GoM on the GST […]
