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Search results for: Goods and Services Tax

Fitment Committee Proposal to GoM on GST Rate

Be Ready for 2% More GST Rate As Per Fitment Committee Proposal

The tough struggle upcoming for GST council for taking a reformative decision is that it can prepare for GST rate rationalization by the means of fitment community nominated by a GoM on the GST rate of rationalization to acknowledge the increase in the slab of 5% to 7% and 18% to 20%. “The group of […]

CBIC Circular for GST Refund Issues

Extra Money Now Refundable in Cash Ledger After Filing an Application

Those people who have the money in the cash ledger to furnish the GST will be able to avail their money post 2 years of the date of filing the tax, the action which makes the flow of cash easier for the businesses. As in the present times, the taxpayers are not able to avail […]

IFSCA Council Suggestion for GST and SEZ Laws

IFSCA Advises New Amendments in GST & SEZ Act on Ship Leasing

Directing towards the current “legal and regulatory framework” concerned to ship leasing and financing exercises in India is “less favourable” with respect to the hubs all over the world like Panama, Dubai and Singapore, a statement tendered to the International Financial Services Centres Authority (IFSCA) at GIFT City has suggested the revision in the GST […]

No Need for GST Registration in Other State

KA AAR: No Separate GST Registration for Infrastructure Project

Karnataka bench of the GST Authority for Advance Rulings (AAR) ruled that a distinguished GST registration is not needed in the state the place of supply through the subcontractor who implements the infrastructure project. Towards simple executing of the business in its ruling, the bench specified that the subordinate can raise the invoice by charging […]

Trademark Agent Registration Process for CS

Easy Registration Procedure for CS As a Trademark Agent

A trademark agent or attorney is a permitted verified professional who suggests complete legal concerns of the Trademark filings, registration, and objections. To hold the trademark agent it is essential to clarify the exam accompanied by the Trademarks Registry called the Trademark Agent Exam. A company Secretary shall get privileged from the Trademark Agent Exam. […]

46th GST Councill Meeting

GST Council 46th Meeting Updates on Textile Industry

The 46th GST Council meeting has been chaired by FM Nirmala Sitharaman in New Delhi with the presence of all states’ finance ministers and other members. The council members have opposed the new 12% GST rate on textile products so they have deferred the hike tax rate and will discuss it in the next meeting. […]

WB AAR Order for Supply of Piped Cooking Gas

WB AAR Defines Cooking Gas Via PIPE As GST Composite Supply

West Bengal’s Authority for Advance Rulings (WBAAR) specified that the supply of the cooking gas via pipelines from the gas banks to the residential place shall be the supply of the services and to be provided within the facility and management services AAR has specified it a name as the composite supply beneath GST in […]

18 Percent GST Rate for Ice Creams

18% GST Levy on Ice Creams Instead 5% Sold in Restaurants

The government declared that the same rate of goods and service tax (GST) will be liable to apply on the ice cream whether it is sold inside the restaurant or outside the same. 18% must be entitled to pay as a GST on ice creams despite when it is sold inside the restaurants. In the […]

GST Portal New Functionality on ITC Claiming

New Feature of GST ITC Claiming Which Not Reflected GSTR 2A/2B

The latest feature has been updated on the GST portal in which the assessee can avail of the ITC despite it is not shown in GSTR-2A or 2B which is a bigger advantage to assessees. To support the importers of goods along with the recipients of the supplies via SEZ search bill of entry that […]

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