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The Telangana GST AAAR held, no GST exemption would be there on the sub-contract services to the educational boards. The two-member bench of B.V. Sivanaga and Neetu Prasad sees that the GST exemption is available when the services are furnished to the educational institution for the services concerned with the admission to or the conduct […]
The Reserve Bank of India (RBI) comprises the GSTN as an information provider concerned to finance beneath the AAF (Account Aggregator Framework). The latest move has the motive to ease the flow of cash as per the lending to micro, small and medium-sized enterprises (MSMEs). The council’s revenue shall be the regulator of the GSTN […]
A day prior to the central Finance minister Nirmala Sitharaman starting the customary pre-budget meets with the stakeholders, the confederation of Indian Industry (CII) asked for a reduction in the personal rates of the income tax for reviving the demand. The same can provide the advantage to nearly about 5.83 cr people who become part […]
The Central Board of Indirect Taxes and Customs (CBIC) published a thorough explanation on submitting information regarding the reversal ITC and ineligible ITC as well in August 2022. State GST authorities have asked assessees to furnish true and proper details of ineligible Input Tax Credits (ITC) and reversals. This is significant since the GST return […]
Dr Amit Mitra, Former Finance Minister of West Bengal on Wednesday wrote to Union Finance Minister Nirmala Sitharaman aiming for an urgent Goods and Services Tax (GST) Council meeting, which he pointed out had not taken place in the last four and a half months. He was one of the founding members of the GST […]
At the end of the next year, the centre would have intended to set the GST appellate tribunals (GSTATs) in the country with the principal bench in New Delhi to solve the issues concerning the indirect tax and facilitate doing business and increase the collection of taxes. Despite the launch of the GST, the country […]
The GST wing of the Central Board of Indirect Taxes and Customs (CBIC) would have issued GST show-cause notices to various tax-evading entities underpaying taxes. Under reports, the department would provide more than 20,000 notices to the defaulters. For the concern of tax evasion in FY 2017-18, nearly 20,000 notices were issued post-scrutiny of the […]
Since inflation seems to surged for a longer duration and the major state elections are due in 2023, the union government might opt not to restructure the GST slabs prior to the same leaving office in May 2024, as per the officials. Post to the state assemblies elections in Himachal Pradesh in the month of […]
The Rajasthan Assembly on Thursday issued the Rajasthan Goods and Services Tax (Amendment) Bill, 2022, that asks for the registration of the companies shall not get cancelled despite the same losses to furnish the return for 6 months. Indeed the system to provide the credit notes would get started. Education minister BD Kalla has launched […]
