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It was carried by the West Bengal Authority For Advance Ruling (AAR) that the supply of baby carriers with hip seats cost less than Rs.1000 per piece would draw a Goods and Services Tax (GST) of 5% while these carriers cost more than Rs.1000 per piece shall draw GST at 12%. The Application for Advance […]
GST Network mentioned the monthly returns data for July and August 2017, the start of the Goods and Services tax incorporation has been restored on the portal. The GSTN mentioned that it is executing its data policy, under which the data for the assessments would be retained for 7 years. Therefore the GST returns data […]
The Central Goods and Services Tax (CGST) Act has introduced a new section 128A, to decrease the tax loads and proposes relief for the assessees towards tax obligations made between July 1, 2017, and March 31, 2020. This amendment permits people with tax obligations to settle their debts without facing extra interest or penalties, as […]
The 55th Goods and Services Tax (GST) Council meeting held on 21st December 2024 by the Union Finance Nirmala Sitharaman made some essential decisions about taxes on vehicles and GST rates. They declared that corporations will have to pay an 18% GST rate on the profit for selling their used electric vehicles (EVs) and older […]
The GST department’s Adjudicating Authority (AA) in relief for Tata Sons has dismissed a GST demand of over Rs 1500 crore to the company for a settlement deal with Docomo. The order of AA will act as a precedent for the companies involved in arbitration. There is an option of contesting for the department before […]
The Andhra Pradesh Authority for Advance Ruling (AAR) mentioned that Natural Fibre Composite (NFC) Board manufactured using raw materials, and bonded together using Polyvinyl Chloride (PVC) resin as a bonding agent draws a Goods and Services Tax (GST) of 12% as per its GST classification. Advance Ruling application under Section 97 of the Central GST […]
The Madhya Pradesh High Court carried that Goods and Services Tax (GST) authorities cannot invoke penal provisions of the Indian Penal Code (IPC) when the alleged offence comes within the GST Act [Deepak Singhal v. Union of India and Others]. A Bench of Justices SA Dharmadhikari and DV Ramana quashed criminal proceedings initiated against a […]
The Madras High Court in the matter of Tvl. Norton Granites & Properties Private Ltd. v. Assistant Commissioner (ST), dismissed the petitioner’s claim for a GST refund. The petitioner, Tvl. Norton Granites is involved in the KG Foundation for construction services and levied a GST of 18%. The applicant assuming the applicable GST rate was […]
The Andhra Pradesh High Court said that the National Company Law Tribunal (NCLT) order prevails over Goods and Services Tax (GST) demand, even if the state government is not informed concerning the pending NCLT proceedings. The Division Bench of Justices R. Raghunandan Rao and Harinath N. marked that “the contention of the department that the […]
