Finally, the snail paced GST Bill issue stood in line for consideration and passage in Rajya Sabha on Wednesday in the expectation that congress and all the big parties would give their shoulders to the deep impacting taxation scheme.
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Finally, the snail paced GST Bill issue stood in line for consideration and passage in Rajya Sabha on Wednesday in the expectation that congress and all the big parties would give their shoulders to the deep impacting taxation scheme.
The supply of disposable paper cups draws 18% GST, the West Bengal Authority of Advance Ruling (AAR) ruled. The bench of Tanisha Dutta and Joyjit Banik witnessed that a disposable paper cup is made out of paper and often coated with plastic or wax to prevent liquid from leaking out or soaking through the paper. […]
Concerning monthly GST collections, Uttar Pradesh has overtaken Tamil Nadu by recording a 19% rise in tax revenues in April. As per the information, by 19% the GST collections in Uttar Pradesh increased to Rs 12,290 crore in April 2024, becoming the 4th largest contributor after Maharashtra, Karnataka, and Gujarat. Tamil Nadu, which saw a […]
The judgment in Golden Mandir Retail Pvt. Ltd. Vs Asst. Commissioner (ST) (FAC) by the Madras High Court related to an assessment order on 29.12.2023, focusing on Discrepancy Nos.1, 2, 10, and 11. The applicant is engaged in textiles and Hyundai Motor Vehicles business and challenged the levying of taxes, penalties, and interest established on […]
The Indian Institute of Technology, Hyderabad mentioned that it will extend all possible support to the Telangana Commercial Taxes officials in investigating the current GST returns scam excavated through the department and continue to furnish all data as requested with time. IIT-H in a report mentioned that a project was sanctioned by the Government of […]
To develop an internal method desired to eliminate duplicate Goods and Services Tax ( GST ) notices sent to companies and individuals already under investigation by state goods and services tax authorities is been directed by the Central Board of Indirect Taxes ( CBIC ) to its field officers. Some instances show that the taxpayers […]
The order by the GST and Central Excise Superintendent for lack of jurisdiction is been quashed by the Lucknow bench of Allahabad High Court. The bench of Justice Alok Mathur sees that as per the circular, February 9, 2018 issued by the Government of India, Ministry of Finance, and Department of Revenue, the power of […]
GST shall be assessed on the export of pre-packaged and labelled rice up to 25 kg to foreign buyers, Andhra Pradesh Authority of Advance Ruling (AAR) held. The bench of K. Ravi Sankar and B. Lakshmi Narayana noted that the ultimate buyer is away and the commodity is being pre-packed for an unknown ultimate buyer. […]
Supply of medicines, drugs, and consumables including food to furnish health care services to in-patients being treated in a hospital will be deemed as a composite supply under the GST system. Consequently, no GST shall be levied on it, Karnataka’s Authority for Advance Ruling (KAAR) stated. Spandana Pharma a Bengaluru-based company, went before AAR to […]