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The Gujarat Authority of Advance Ruling (AAR) poses with Arun Richard and Atul Mehta who specified that 18% GST is subjected to pay on the car sale by the company post to using its business purposes. The petitioner, M/s. Dishman Carbogen Amcis Limited has brought a new car for Rs 80 lakhs dated 16-02-2018 for […]
An empowered group of ministers (GoM) seeing towards rationalizing the rate might be asked for reducing GST exemptions on the specific goods and services and rectifying the inverted duty framework in the subsequent 47th GST council meeting. The ministerial panel might be conducted before the council meeting and might postpone its rate rejig concern till […]
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, […]
Odisha, Kerala, Gujarat and Maharashtra GST revenue collections are shocked as per the May 2022 report by suddenly increasing and dropping big differences in last month’s same year’s percentage. The post includes all the revenue generated by state governments in the given time period. One can determine the overall GST collections and can compare them […]
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 […]
In a provision that increases the space of small companies via e-commerce, small online sellers might be privileged from GST enrollment and the discussion is amid the union and state governments on the same subject. “Tax experts specified that Representations have come from the industry and trade to bring parity between online and offline sellers […]
