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In a recent finding conducted by the Belagavi Enforcement Wing of the Commercial Taxes Department in Karnataka, a prominent group has been exposed which was operating multiple coaching institutes in Vijayapura district. The authority has imposed charges of evading Goods and Services Tax (GST). Further searches have also been done in other commercial coaching facilities […]
Businesses providing incentives to their dealers, in the form of gold coins, could face tax consequences under the goods and services tax (GST) on the grounds of a decision by the Karnataka Authority for Advance Ruling (AAR). In the Orient Cement case, the AAR noted that these incentives given by companies to dealers should be […]
For the last four consecutive fiscal years, there has been seen consistent upward growth in the number of income tax returns filed by taxpayers in Karnataka state. This upward trend indicates the increasing awareness of tax adherence in the population. In the fiscal year 2019-20, a noticeable 38.18 lakh individuals filed their income tax returns, […]
The authority for advance rulings (AAR) in Karnataka held that a 12% GST is to be levied on the rent paid towards the paying guest (PG) and the hostel accommodations that do not similar to the residential dwellings. AAR at the time of hearing the case of Srisai Luxurious Stay LLP stated that merely the […]
As per the Central Board of Indirect Taxes and Customs (CBIC) notification for termination of GST registration on non-filing of tax returns, the Karnataka High Court in its order directed the petitioner, Annadurai Muniswamy, to submit a revocation application. The petitioner filed the writ petition under Article 227 of the Indian Constitution and challenged the […]
According to the latest GST notification on GST registration revocation the High Court of Karnataka has permitted to file the cancellation of the application, an application would get filed outside the time limit can be applied again when the cancellation of the registration was incurred prior to the date 31.12.2022. Read Also: Rajasthan HC: Assessee […]
Karnataka has set a record by collecting net GST collection of Rs. 14,593 crore. Although Karnataka has secured second position after Maharashtra which has a total GST collection of Rs. 33,196 crores, the state has again surpassed Gujarat (Rs. 11,721) and Tamil Nadu (Rs. 11,559) and put them in third and fourth position respectively. Telangana […]
The Karnataka Authority for Advance Ruling (AAR) ruled that the supply of goods to another country’s customer should not be considered a supply of goods or a supply of services. The applicant is involved in two transactions, according to M.P. Ravi Prasad and Kiran T. Reddy, who make up the two-person bench. The first involves […]
The Goods and Service Tax (GST) is not applicable for consideration paid on sales of property plots, according to a recent ruling by the Karnataka Appellate Authority for Advance Ruling (AAAR) under GST. In order to convert her three acres of property from agricultural to residential use, applicant Rabiya Kanum formed a small plot and […]
