Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
The Karnataka Authority of Advance Ruling (AAR) has passed a ruling that 12% Goods and Services Tax rate is applicable on import of Pharmaceutical Reference Standards prepared Laboratory Reagents. The petitioner, Kaustubha Scientific Research is a person registered as per the proviso of the Central Goods and Services Tax Act, 2017 in addition to the […]
The Tamil Nadu Appellate Authority of Advanced Ruling (AAAR) upheld the AAR’s ruling that 18% GST shall be levied on the Leasing of the pathway to an individual to their dwelling unit. Here, in this case, the applicant is the “Chennai Metro Rail Limited” which took possession of the part of the property including the […]
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 […]
The government exchequer collected from Goods and Services Tax (GST) has been on the peak/pinnacle since its journey started in July 2017 across the entire nation. The revenue collection from GST was a whopping Rs 1.24 trillion in a single month of March 2021 — a historical and a mammoth figure in the history of […]
With a total GST collection of Rs 3,340.56 crore on Feb 21, the state has increased with a 20% rise with respect to the national average of 7 pc, it is the highest among all the bigger states. In February 2020 GST collection was Rs 2,790.16 crore. In the total GST collection, the state has […]
Only on billing, no business process will be completed. Businesses will have to provide details of their sale/purchase to the prospective government and if they come under the radar of taxation, they will also have to file a tax return. The Goods and Services Tax (GST) was introduced on July 1, 2017, it replaced all […]
During the time when the government was facing less collection from the revenue in the pandemic times, moreover, the bogus cases also harm the financial term of the government and the ability to pay. The FM Nirmala Sitaraman in the 2021-22 budget urged that the provisional attachment of the assets of those who are engaged […]
After record collection in December, it is expected that the Goods and Services Tax (GST) revenues will cross INR 1.20 lakh crore in January 2021. It indicates that the efforts of the government are now paying off. According to Soumya Kanti Ghosh, Group Chief Economic Adviser of State Bank of India, GST collections will be […]
The Gujarat authority upon an advance ruling for goods and services tax GST specified that the owners did not require to furnish GST on electricity or the charges taken from the tenants moreover, in addition, as the value of supply as per the lease agreement of immovable property rent. Gujarat AAR has been approached by […]
