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In a bid to boost the domestic MRO industry and make India an aviation hub, the government has announced the implementation of a uniform 5% tax (IGST) on all aircraft and aircraft parts. While addressing a press conference, Civil Aviation Minister Kinijrapu Rammohan Naidu said that all aircraft and aircraft engine parts will be covered […]
The Central Board of Indirect Taxes and Customs ( CBIC ) has now Notification No. 02/2024 – Central Tax (Rate) dated July 12, 2024, in line with the Goods and Services Tax Council ( GST Council ) proposals to waive agricultural produce exceeding 25 Kilograms or 25 Litres from GST. Earlier, GST applied to food […]
Uber and co want to clarify with the govt if they are liable for GST or not The app-based taxi service provider i.e. Uber has approached the finance ministry and GST council along with the Authority for Advance Rulings (AAR) to specify whether their businesses are obligated to tax. After the Karnataka AAR said that […]
Various foreign airlines, along with Lufthansa, Emirates and British Airways, have refused to furnish the information asked via the Indian Goods and Services Tax (GST) authorities related to ongoing investigations, as per the sources. The director general (DGGI) of GST had asked for information related to a probe into the valuation of services given via […]
The Madras High Court in a ruling addressed the issue of a mismatch between GSTR 1 statements and GSTR 3B returns in the case of Abishek Suppliers vs. Commercial Tax Officer. The decision of the court has emphasized procedural lapses and highlighted the importance of complying with the principles of natural justice. An opportunity to […]
On May 20, 2024, in the case of Excellentvision Technical Academy Pvt. Ltd. v. State of U.P. [Writ Tax No. 554 of 2023, the Allahabad High Court highlights the need for the Revenue Department to record reasons in INS-01 before initiating search proceedings under Section 67 of the Central Goods and Services Tax (CGST) Act, […]
Goods and Services Tax (GST) has been praised by the Finance Ministry which marked 7 years of its incorporation and mentioned that the same has drawn relief to the households via diminishing the taxes on significant items such as household appliances and mobile phones. Established on July 1, 2017, GST replaced around 17 local taxes […]
A bunch of petitions have been dismissed by the Allahabad High Court contesting central and state government orders/notifications extending the time duration to file the GST return for the FY 2017-18 and also extending the time limit for its investigation and audit via tax officials. Because of the COVID-19 pandemic, the time limit to file […]
Bombay HC’s Order In Case of Sanjeev Suresh Desai V/s. Union of India and Ors
