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The Gujarat Bench of Authority for Advance Ruling (AAR) ruled that the Good and Services Tax (GST) at the rate of 18% is applicable to the ‘HTP Kirloskar Power Sprayer’ manufactured by M/s. Kirloskar Oil Engines Ltd. as well as the 8-digit Harmonised System of Nomenclature(HSN) code is 8424 89 90. The petitioner, Kirloskar oil […]
Under Section 65 of the CGST Act, the Calcutta High Court ruled that as the audit proceedings would have started already, the same would be good that the proceedings must be carried to their suitable end. The Anti-Evasion and Range Office has executed the proceedings for the identical duration and would not be carried on. […]
The committee on the labour, textile, and the development of the skill seeks the requirement to rationalize the taxes on the raw material inputs to the textile that are man-made to rectify the inverted duty structure, GST council has revised the same decision after a year. In its report on the man-made fibre development, it […]
The Authority of Advance Rulings (AAR) in Haryana has said that Security Services provided by a Limited Liability Partnership shall not be treated as taxable under Reverse Charge Mechanism (RCM). Under the Goods and Services Tax(GST) Act, 2017 the petitioner has been registered and asked for the ruling as a Limited Liability Partnership that has […]
As per the recent reports, the exporters have demanded the exemption from the GST on the freight of exports after mentioning the challenges of liquidity if there is no extension of the deadline. The Federation of Indian Export Organisations (FIEO) sent a letter to the finance minister Nirmala Sitharaman on this matter and said the […]
The guidelines would have been provided for the assessment and adjudication proceedings issued by the state GST department of Tamil Nadu, it was furnished under the Tamil Nadu Goods and Services Tax Act, 2017 along with the other legacy acts for the devotion to the principles of Natural Justice. The circular furnished mentioned that “It […]
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 rise in the tax collection of goods and services is higher because of the higher inflation compared to the higher consumption mentioned by the India Ratings and Research. A private final consumption expenditure, with respect to the first quarter of 2019-20 there is a rise in the consumption which would have increased by 9.9% […]
Central Board of Indirect Taxes and Customs (CBIC) has postponed the due date to avail the ITC for FY22 from October 20 to November 30, the same is decided towards the relief of the Goods and Services assessees during the festival season. The last date to provide the credit notes along with the declaration in […]
