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A delegation of farmers met Union Finance Minister Nirmala Sitharaman and asked if agricultural equipment and ingredients used for the cultivation are not imposed with Goods and Services Tax (GST). State Sugarcane Cultivators Association president Kurubur Shanthakumar led the delegation and furnished a memorandum listing their demands. Mr. Shanthakumar cited that GST on the agricultural […]
Karnataka’s Authority for Advance Ruling (KAAR) mentioned that Uber, as an e-commerce operator, needs to collect and pay the GST on the passenger transportation services furnished via cab drivers via its offered platform. Also, it mentioned that the can aggregator will be obligated for GST even if its application (APP) merely connects the driver and […]
In October, Gross GST collection surged to 9% to Rs 1.87 lakh crore, the second highest collection ever, on the pick up in domestic sales and rectified complaints. Rs 33,821 crore, was the Central GST collection, Rs 41,864 crore, was the State GST collection, Rs 99,111 crore was the integrated IGST collection and Rs 12,550 […]
Goods and Services Tax (GST) is to get paid on the procurement of materials and installation of electricity distribution systems when accomplished via an electricity distribution company (DISCOM) under the works contract between the DISCOM and consumers/intending agencies, Uttar Pradesh Authority for Advance Ruling (AAR) ruled. Pashchimanchal Vidyut Vitran Nigam Limited, a subsidiary company of […]
The Goods and Services Tax (GST) Council is acknowledging waiving the premiums filed for life and health insurance from GST. Towards the insurance sector, the GST on term life insurance premiums seems to be waived for all the individuals along with the plans that comprise family members. Senior citizens who pay the health insurance premium […]
The measure to improve the Input tax credit ecosystem via an Invoice management system (IMS) may add another layer of compliance to the GST taxpayers, tax experts mentioned. As per the GST portal, the updated system has the objective of easing the assessees in matching their records/invoices vis-a-vis issued via their suppliers for claiming the […]
The Group of Ministers (GoM) has the task of easing the structure of the Goods and Services Tax (GST) and for that, the meeting will be conducted on October 20 to deliberate on rate rationalization proposals pertinent to the foods, footwear, and textile items. The reviewed items are in the 12% tax bracket. Bihar Deputy […]
The state tax department is preparing to levy the Goods and services tax (GST) on revenue generated through the transport department via the online auction of fancy (VIP) vehicle registration numbers. Also, the department is planning to impose GST on revenue made by the transport department via the license fee assessed through it from driving […]
It was specified by the Central Board of Indirect Taxes and Customs (CBIC), vide circular no. 234/28/2024-GST dated 11 October 2024 that Goods and Services Tax (GST) is waived on approved flying training courses mandated by the Directorate General of Civil Aviation (DGCA) for the issuance of completion certificates. Various representations for the GST applicability […]
