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The GST council, in a recent meeting, has put a clarification on the grey area that annuity paid for ‘service provided in the form of access to a road or a bridge shall be exempted from GST. In India and most of the developing economies across the globe, Road construction projects are operated by the […]
The Maharashtra AAR on May 24 held that the activities of the liaison office of supplying services as an intermediary that connects Indian Business with Dubai Head Office falls within the purview of commercial activities and consequently subject to GST. The implications for the aforesaid ruling are that the above-mentioned entity shall have to register […]
The meeting of the 43rd GST council is scheduled for forthcoming Friday. Various stakeholders from the legislature and executive machinery shall participate in it. In addition, states shall also be represented in this meeting. It is much awaited as it shall deliver much valuable decision that includes but are not limited to. Merging GST Slabs […]
Inside the GST regime, one of the problems is if the credit can be refused to the purchaser of goods and services for the fault of the supplier for non-payment of taxes post to collecting the tax amount through the purchaser. Important Provisions Towards the ITC the major law is Section 16 of the CGST […]
In another breakthrough, The Madras High Court has recently passed a ruling that shall be a lesson for those sellers who escape from paying that tax which buyer has paid, but the seller has not deposited in government exchequer. It is a relief for genuine buyers also. As per the contemporary GST law, buyers can […]
During the second wave of Corona, offices are being shut down and production of goods and services has been significantly hit. However, Good news for corporate taxpayers facing trouble in filing returns. The Government of India has taken the initiative to grant relief in the way returns are filed. So there is no tax concession […]
It is important to file the returns for every trader who used to import or export their things manufactured or non-manufactured. There are some of the objectives and guidelines are given by the government which everyone needs to learn on the behalf of filing the taxes. The GST assessee is needed for various objectives in […]
It has been held by The Karnataka Authority of Advance Ruling (AAR) that 18% GST shall be levied on Handling, Supervising, and Transportation “ of agricultural produce that belongs to the Food Corporation of India. Karnataka State Warehousing Corporation, the applicant, submitted to the aforesaid Honourable Court that they were established by the State Government […]
Since from 1st April 2021 it is important for the GST assessee who posses the turnover exceeds 5 cr in the before fiscal year, to file 6 digits HSN Code (Harmonised System of Nomenclature Code), or as the case may be, SAC (Service Accounting Code) upon the invoices provided for the supplies of taxable goods […]
