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The Supreme Court (SC) rendered the Centre and the Goods and Services Tax Council to provide the advisory to states for executing a digital system for all communication sent by GST officers to the assessee. This decision, if executed would draw clarity and accountability to the indirect tax administration and ensure that the assessee would […]
Under section 9(5) of the Central GST Act, 2017 the Goods and Services Tax ( GST ) portal has enabled Table 3.1.1 in GSTR-3B for reporting supplies. In the former month, the GST made a new table 3.1.1 in GSTR-3B form. As per section 9(5) of the CGST Act, 2017, an Electronic Commerce Operator (ECO) […]
GST e-invoice compliance: Wef October 1 the e-invoicing for businesses with an aggregate turnover of Rs 10 cr or more, under the goods and services tax, or GST regime would become essential. The government has reduced the limit from Rs 20 cr at the current time in a bid to manage the revenue leakage and […]
A Group of ministers would need to see towards the rate rationalization by the Goods and services tax council is thinking to maintain an 18% and 28% slab and ending a 12% slab. People who know about the development, the majority of the members of the group learn that a 12% slab accounts for nearly […]
The Goods and Services Tax Network (GSTN) has issued an advisory on the forthcoming revisions in the GSTR-3B return for the assessee. On 5th July 2022, the government vides notification no 14/2022 – Central Tax would be notified with some amendments in Table 4 of Form GSTR-3B needing the assessee to notify the details on […]
In an exemption to various taxpayers who have missed the statutory last date, the Supreme Court has mandated the Goods and Services Tax Network (GSTN) to permit a 2-month additional window from September 1, 2022, to October 31, 2022, to claim the transitional credit. GST TRAN-1 form and TRAN forms were drawn to permit the […]
In an order passed by the Andhra Pradesh Authority for Advance Ruling (AAR), it has been clarified that there should be no levy of goods and services tax on the printing of pre and post-examination items, as well as the scanning and processing of exam results are free of tax. The ruling was passed in […]
The Karnataka Appellate Authority for Advance Ruling ruled that Goods and Services Tax (GST) is leviable on reimbursement of the stipend to trainees on the grounds of the industry partner. The petitioner, the Teamlease Educational Foundation, an authorized National Employability Enhancement Mission (NEEM) facilitator partners through several trainers and Employers/Companies/Industry (industry partners) for imparting training […]
Various advantages such as free beverages, canteen facilities, free parking space, journal subscriptions or even group medical insurance furnished via businesses to its employees for the contractual agreement between the two, are not for Goods and Services Tax (GST). The same GST circular on the taxability of the perquisites to the employees would be provided […]
