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Because of the recent increase in the GST rate on some daily essentials everyday marketing would see a shift. The rise in the price seen in some items is labelled food items, packaged food items weighing up to 25 Kg per pack, or retail packs. Before the revision of GST rate was exempted, currently, a […]
The Delhi Appellate Authority for Advance Ruling (DAAAR) ruled that the supply of goods to outbound international travellers comes beneath the supply on which GST will be levied and upholds the order of Delhi AAR. The petitioner M/S Rod Retail Private Limited who used to supply the sunglass hut’ to international outbound passengers from the […]
The Andhra Pradesh Authority for Advance Ruling ruled that the construction of a 20 MT Cold Storage building for the primary processing centre beneath the Mega park scheme attracts 12% GST. The applicant, M/s YVR, and Co are in the construction work of commercial/industrial buildings and civil structures. Some of the civil works contracts were […]
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 […]
The new provisions for the MSME sector are expected to cause a lot of trouble for micro, small & medium enterprises across the country, as they must become more compliant in terms of filing returns, or might have to pay penalties otherwise. This is also expected to affect the business of the MSME sector by […]
There are much more things that have been made by scientists and from their work, particularly regarding the covid pandemic condition. However various scientists are being thought about the future of their research post to the announcement of the government for the amendment in the GST rate of 5% on the technical testing equipment related […]
To restrict the fake ITC claim and tax evasion, the CBIC would reveal nearly 40,000 GST returns for 2018-19 relying on the risk parameters for the scrutiny. The same shall be the 2nd batch of GST returns that will be liable for investigation post to CBIC has shown 35000 GST Identification Number (GSTINs) (allocated to […]
Under HSN 8703 if an e-rickshaw is supplied without the battery classified as an electrically operated motor vehicle The West Bengal bench of the Authority for Advance Rulings (AAR) ruled that a three-wheeled electrically operated vehicle. The petitioner AMWA moto LLP would be the entity involved inter-alia in the business as the wholesaler of the […]
