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The Karnataka Authority for Advance Ruling has ruled that pre-developed and pre-designed Computer Software can be seen as goods and shall be levied with 5% GST. The petitioner, M/s Keysight Technologies India Pvt. Ltd. is involved in the supply of the scientific and the technical equipment and the time based and the perpetual software license […]
Effective use of the new technology and tight compliances on the ITC by taxmen is not only assisted you to ensure the increased compliance but indeed results in a constant rise in the GST collections on a month-on-month (MoM) grounds. As per CBIC on the scrutiny of returns and the reduction in the e-invoicing limit […]
An advisory with respect to the composition taxpayers under the GST system has been issued on April 30, 2022, by the Goods and Services Tax Network (GSTN). From FY 2019-20 onwards, composition taxpayers are required to pay the liability using form GST CMP-08 on a quarterly basis, whereas they are required to file returns in […]
The way to run an e-Commerce industry will be effective through benchmarked logistics. To fulfil the need for transportation across states, eCommerce companies would lay on the logistic service providers to fulfil the need for transportation within the states. Customer satisfaction concerning the e-commerce business is been derived from logistics. While some e-commerce firms handle […]
Some of the passive incomes are said to be the income from Youtube, blogging, money from sharing video apps, and others. The same is essential to note the tax treatment from both the income tax and the GST point of view in India. The taxability of GST on YouTube and blogging income-earning shall be discussed […]
Quoting higher inflation, the Federation of Hotel and Restaurant Associations of India appealed to the GST council to rationalize the GST rates for the hospitality sector. FHRAI indeed urged the government to acknowledge the update of simple GST rules to enable the establishments to come beneath the hospitality segment to claim the ITC. The same […]
As per the provisions of section 54 of the CGST act, no GST refund of the unlisted ITC will be permitted in cases other than the i. Zero-rated supply made without payment of tax; ii. In which the credit has been collected on the basis of the tax rate on the inputs more than the […]
What is the term E-way Bill for Job Work? The outsourcing of a portion of the manufacturing process to a third-party vendor/contractor is called job work. Hence the manufactured goods are transported from the premises of the principal (the entity that allocates the task to the third party) to that of the job worker (the […]
The Kerala High court ruled that the bonafide errors in the e-way bill formats will draw a small penalty beneath the GST law. The applicant, M/s Greenlights Power Solutions, has a valid GST registration and is involved in business in electrical contract work. Concerning the work of a hospital in Assam, some goods were carried […]
