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Service Notice Under GST and IT Act

All About Service of Notice Under GST Regime & Income Tax Act

When a person reaches court seeking a legally required court order in a notice against another party or parties that may affect them and also deliver the same notice to other parties in a permitted way then the complete process is known as service of notice under GST (Goods and Services Tax) . A court […]

GST on Transfer of a Running Business

Capital Assets with Transferring Running Business will Attract GST: AAR

The Authority of Advance Ruling (AAR), Andhra Pradesh, has held that GST will be applicable on a transfer of any running business to another state along with the capital assets for a monetary consideration. The ruling was provided by the authority in the case of the applicant, Shilpa Medicare Limited, dealing in the business of […]

18% GST on Renting Accommodation

Renting of Accommodation for Commercial Purposes to Attract 18% GST: AAR

The Authority of Advance Ruling (AAR), Andhara Pradesh, has held that all kinds of rent of accommodations for the use of commercial purposes will attract a GST (Goods and Services Tax) at the rate of 18% and such transactions will be covered under the “Rental or leasing services involving own or leased non-residential property” head. […]

12 Percent GST Rate for Fusible Interlining Cloth

Fusible Interlining Cloth will Attract 12% GST Rate: WB AAAR

A ruling has been passed by the Appellate Authority of Advance Ruling (AAAR), West Bengal and it states that the fusible interlining cloth can’t be considered as a woven fabric thus it will attract 12% GST Rates Grab the information of revised GST slab rates on consumer products in India, Although GST council finalized the […]

GST Applicability for Power Utility Transactions

GST to be Charged for Power Utility Transactions Except for T&D: AAR

The AAR Tamilnadu, ruled that only the transactions related to distribution and transactions of the power utilities sector will be exempt from Goods and Services Tax (GST) Check out the latest official updates under GST (Goods and Services Tax) by the CBIC department. Also, we include notifications & circulars/orders regularly. Read more. All the other […]

28 Percent GST Rate

28% GST on Manufacturing of Emulator, Pressure Gauge, Change Over Switch & Timing Advance Processor

The Advance Authority of Ruling (AAR), Gujarat has ruled that the manufacturing of emulator, pressure gauge, change over switch, and timing advance processor will attract a GST (Goods and Services Tax) at 28% rate Grab the information of revised GST slab rates on consumer products in India, Although GST council finalized the slab rates like […]

Advance Tax Collections Decline

Covid Impact: Massive Decline in Advance Tax Collections

The collection of advance tax has seen a massive decline resulting in more than 30% reduction in the Gross Tax Collections. The dip shows that the businesses have been impacted very harshly by the coronavirus lockdown. All the companies and other “big” assesses are required to pay an advance tax On June 15th, 2020, the […]

Covid Impact GST Act God

Covid’s Impact on GST Mop-up is an ‘Act of God’: Centre

The centre described the current abnormal situation as an “act of God” and also indicated that there was no insurance for the growth of 14% in the GST Collections during this situation. In July 2017 when the GST was introduced, the centre provided insurance to States against any “revenue loss”, if the growth of revenue […]

IGST Applied on Ex-Factory Inter-State Supplies

AAR Telangana: IGST will be Applied on Ex-Factory Inter-State Sales

Telangana State Authority for Advance Ruling (AAR Telangana) in an advance ruling ruled that Integrated Goods and Service Tax (IGST) will be applied to ex-factory inter-State sales. The advance ruling was requested by the applicant, M/s. Penna Cement Industries Limited. The applicant had filed an application in form GST ARA-01 under Section 97(1) of the […]

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