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Gujarat Authority of Advance Ruling (AAR) held that Petronet’s activity of re-gasification of LNG owned via its enrolled GST customers amounts to providing service by Job Work and 12% GST payable. The petitioner is the owner of Petronet LNG ltd furnished that the same gives re-gasification services to its clients on the LNG owned through […]
The GST council and government had released some of the best and exciting amendments and changes to bring forward the most required features to the GST applicability for the common people as well as organizations alike. Some GST amendments in compliance are late fee relaxation, lowering down of provisions doubts and more. You can check […]
The Karnataka Appellate Authority of Advance Ruling (AAAR) held on AAR ruling held that the ‘Landfill-pit is a civil-structure, not plant and machinery, no (ITC) is available. The petitioner is the owner of Mother Earth Environ Tech Pvt. and does the business of solid waste management. They furnish the services towards the treatment, storage, and […]
Bibek Debroy, chairman of the Economic Advisory Council to the Prime Minister (EAC-PM) urge a forum as per the Goods and Services Tax (GST) Council for the expense based with all – Union, states, and local bodies. India’s Inflation rate hit a 12 year high but the biggest hardship is for the revival of the […]
Bangalore Wholesale Cloth Merchant Association asked the central government to refuse the idea of a GST surge towards the garments and textile industries from 5% to 12%. The government from January 2022 has surged the GST on finished goods like garments, textiles, and footwear from 5 to 12 per cent. The traders formed an association […]
The latest guidelines are been circulated towards the GST assessees by the Finance ministry. As per the report, the assessee whose annual aggregate turnover (AATO) held with Rs 5 cr is not needed to furnish the reconciliation statement in Form GSTR-9C towards the FY 2020-21. GSTR-9C form is an annual GST reconciliation statement inside it […]
In the times of Diwali, the traders in the city of Indore are all being very happy due to their blockbuster sales on the Festival but the same happiness change into sadness among the traders as their businesses are drawn under the surge in the GST. Apart from an increase in GST rates imposed on […]
The simplicity of business operation for MSMEs In October month the electronic invoicing system (e-invoicing) completed its one-year journey. Towards the micro, small and medium enterprises (MSMEs) business faces the rise and fall through this journey. The framework is tough to work on for the newly arrived people. E-invoicing has been executed by the Indian […]
In the covid pandemic education and learning becomes a basic thing and with the young kids, the picture books have become attractive in homes. The Madhya Pradesh bench of the GST-Authority for Advance Rulings (AAR) urge to find out that if the home learning kit box’s books whose purpose towards the preschoolers is to make […]
