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The supply of aircraft-type rating training is eligible for GST Karnataka Authority for Advance Ruling (AAR) stated. The two-member bench of M.P. Ravi Prasad and Kiran T. Reddy sees that the supply of aircraft type rating training services to commercial pilots, with the training curriculum authorized by the Directorate General of Civil Aviation for receiving […]
The 50th Goods and Services Tax (GST) Council meeting is in progress today, on July 11th, 2023. Chaired by Union Finance Minister Nirmala Sitharaman, this meeting holds paramount importance in discussing crucial taxation issues. It is important to note that the information shared is reflective of the present circumstances. We will continue to provide you […]
The Ministry of Finance is actively reviewing the consideration to provide relaxation in the current GST structure, therefore the hotel and restaurant sector may soon receive GST relief. With the benefit of input tax credits (ITC), the Goods and Services Tax (GST) on the hotel and restaurant sector might be raised from 5 per cent […]
The seamless flow of (ITC) is the foundation of a robust Value-Added Tax (VAT) architecture. Let’s suppose goods or services are purchased via company A whether a manufacturer, service provider, or trader, for the purpose of their business, vendors who imposed VAT would be available as a set-off to Company A for the adjustment against […]
On the service charges, the provision in the law allows the restaurants to impose the GST, as stated by the Finance Ministry. The same indication would arrive as a legality dispute of the services of the service charges would be litigated in Delhi High court. If the restaurants would be qualified for the GST charge […]
Under Reverse Charge Mechanism (RCM), the Odisha Authority of Advance Ruling (AAR) held that GST should be levied on renting the residential premises on rent as a guest house. Case Fact Petitioner Opinion An advance ruling has been filed by the petitioner on whether the rented residences would be utilised as a guest house through […]
To promote the sale of under-construction properties, real estate professionals and developers are urging the government to rationalize the Goods and Services Tax (GST) on those properties. As buyers must now pay stamp duty, registration fees, and the GST, the selling of houses that are still under construction has dropped. Sales of property that is […]
All IGST, drawback and other benefit refunds are halted, and all export shipments are subject to scrutiny when the Import Export Code warning of the risky exporter is activated. The export enterprises suffer significant losses as a result of the refund suspension, which also has an effect on the Indian economy. Here, we’ll talk about […]
State Finance Minister Devendra Fadnavis has extended the Maha Vikas Aghadi (MVA) government’s amnesty scheme for the payment of tax, interest, penalty, and late fee arrears that existed before the Goods and Services Tax was put into effect. In his first budget speech, Fadnavis referred to the legislation as the Maharashtra Settlement of Arrears of […]
