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To lessen the tax for the tour and the hospitality sector, the GST council’s fitment committee recommended imposing the tax on the margins incurred by the tour operators at an appropriate rate. A 5% GST would be imposed on the total tour cost without any utility of the ITC. The panel recommended a regularisation of […]
A division bench of the Madhya Pradesh High Court has held that the authority for advance ruling (AAR) under GST cannot be sought after the initiation of assessment proceedings when the department issued a show-cause notice. The Petitioner, Saisanket Enterprise, is a Works Contractor engaged in executing works related to the construction of the irrigation […]
Karnataka Chief Minister Basavaraj Bommai-led group of ministers (GoM), GST council has set up the same in the former year to recommend the methods towards increasing the revenue by rationalizing tax rates and amending the anomalies in the tax framework, seems to meet on June 17. Ministers would discuss the proposal to transfer the rate […]
A 5% GST shall be needed to file on turmeric in its whole form as it comes under the agricultural produce said Maharashtra Appellate Authority of Advance Ruling (AAAR). The two-member bench of Rajeev Kumar Mital and Ashok Kumar Mehta sees that the farmers who had the first supply of turmeric in the whole form […]
Inside the indirect tax system, the GST began to remove the inefficiencies. The GST has been able to achieve some of its goals while there is much more yet to be done, particularly when it is being the question of the smaller business entities. This new system has thrown up prior to facing the challenges, […]
The West Bengal Authority for Advance Ruling ( AAR ) ruled that transfer of the going concern service is a supply and draws NIL GST. The applicant, Cosmic Ferro Alloys Limited is engaged in the making of Ferroalloys and cold-rolled formed sections in its two units. The applicant’s poses to sell one of its units […]
The Gujarat Appellate Authority of Advance Ruling (AAAR) consisting of Seema Arora and Milind Torawane held that there should be no GST subjected to furnished on the occupational health check-up service by the hospital as it comes beneath the health care services. The appellant, M/s. Baroda Medicare Private Limited is running 3 multi-speciality hospitals under […]
The GSTN added a 6% tax rate in the item details section of all the tables of the form GSTR 1, excluding HSN table 12 on the GST portal. A new tax rate of 6% IGST or 3% CGST including 3% SGST has been made on specific goods vide Notification No. 02/2022 on 31st March […]
GST collection crosses Rs 1.40 lakh crore mark 4th time since the start of GST; 3rd month at a stretch since March 2022. Rs 1,40,885 cr is the total GST revenue collection in the month of May 2022 of which CGST is Rs 25,036 cr, SGST is ₹32,001 crore, IGST is ₹73,345 crore (along with […]
