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18 Percent GST Rate for Street Lightning Activity

Kar AAAR: Street Lightning In Energy Performance Contract Will Attract 18% GST Rate

By setting aside the ruling of the lower authority, the Karnataka Appellate Authority of Advance Ruling (AAAR) in its recent ruling held that On-street lightning activity under Energy Performance Contract GST at 18% rate Grab the information of revised GST slab rates on consumer products in India, Although the GST council finalized the slab rates […]

12 Percent GST for Residential Housing Project Service

12% GST Rate on Contract Service for the Development of Residential Houses

The West Bengal Authority of Advance Ruling (AAR) ruled that 12% of GST is liable on the contractors to provide contract service in developing residential housing projects. The petitioner M/s Primac Projects Pvt Ltd is the owner of residential real estate Know what the experts have to say on impacts of Goods and Service Tax […]

TDS Exempted on Rent If Services on Casual Basis

ITAT: Act for Non-deduction of TDS on Rent If Accommodation Services

The Income Tax Appellate Tribunal (ITAT), the Bench of Mumbai judged that TDS should not be deducted on the rent if the accommodation services were considered on a random basis. The taxpayer Dadiba kali Pundole Esplanade House has the business auction fine promoting, publishing, documenting, executing, decorative arts, and selling arts. Under section 143(1) the […]

GST Applicable on Lease of Commercial Land or Plot

Guj AAR: 99 Years Lease of Commercial Land or Plot Attracts GST

The Gujarat authority for advance ruling stated that the 99-year lease and the annual premium on the commercial plot land are subjected to central GST as per the ruling. “…lease of the plot for 99 years by the applicant is not a sale of land but is a lease of plot/land and therefore does not […]

Dispute Resolution Mechanism

Dispute Resolution Mechanism May Active Under GST Revenue Issues

To adjoin the GST revenue gap created by the centre the states are seeing alternatives to oppose the plan in the coming 42nd GST council meeting There is a 42nd GST Council meeting scheduled in the first week of October 2020. The meeting will be mainly focused to review the options provided. Read more and […]

12 Percent GST Rate on Sprayer Pumps and Stoves

Sprayer Pumps & Stoves will Attract 12% GST Rates: AAR

The Authority of Advance Ruling (AAR) Gujarat has come up with the ruling that the Sprayer pumps will attract 12% Goods and Service Tax (GST) rate Grab the information of revised GST slab rates on consumer products in India, Although GST council finalized the slab rates like 5%, 12%, 18% and 28%, it will come […]

GST Council Consensus Over Compensation

GST Council Consensus Over Compensation Still Active

In the monsoon session of parliament, the GST administration was divided from politics, after the opponent ruled the state governments turned down the option of borrowing chosen by the central government at the cabinet meeting last month. The suggestion has been rejected by the opposition ruled states who try to fulfil temporarily through borrowing, however, plans […]

Refund Charges of E-Transactions

CBDT Announces Government Policy to Banks for the E-transactions

The CBDT has directly governed the bank for refunding the charges that are raised after the January 1st, 2020 on E-Transactions. CBDT announces that the policy declared for the government to promote e-transactions and moves for the lower cash economy. Section 269SU in the Income Tax Act Know all about the section 269su prescribed electronic […]

GST Rate 18% on Renting of Commercial Space

Commercial Space Renting in Immovable Property will Attract 18% GST Rate

In response to a recent application filed by M/s Karnataka Food and Civil Supplies Corporation, the Karnataka Appellate Authority of Advance Ruling (AAAR) maintained the order of Authority of Advance Ruling (AAAR) and stated that renting of commercial space in the immovable property will attract GST Rate 18% Grab the information of revised GST slab […]

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