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The business has started after the lockdown phase due to covid-19 and also after the closing on 5 August. It is concluded that the centre has collected 2nd highest GST from Jammu and Kashmir in the last month all over the country. It means that from the last few weeks in Jammu and Kashmir there […]
The Karnataka Authority of Advance Ruling (AAR) announces that it is taxed at the rate of 5% and 12% hiring e-bikes and bicycles for rent without an operator. The Applicant, Yulu Bikes Pvt. Ltd. has the business of renting vehicles like e-bikes (Miracle), bicycles (Move) in Bengaluru, Karnataka through a technical versatility platform Under the […]
Form GST REG-01 is used to obtain the Good and services Tax (GST) registration. Today in this article we are explaining each and everything about Form GST REG 01. Applicability of Form GST REG-01 As Rule 8(1) of the Central Goods and Services Tax Rules, 2017, states that every person who wants to obtain Good […]
From Oct 15, 2020, the Central Board of Indirect Taxes and Customs ( CBIC ) has explained that the generation of the E-Way Bill facility Get to know about GST E Way bill and its generating process through online and SMS in a simple manner. Also, we have attached original screenshots of official E way […]
In the PWC report, it is written that due to the COVID-19 government might think to permit India Inc to deposit GST through cash to assist them to flow over the liquidity. The report also says that in the next phase to the industry the government can also think to refuse to take GST from […]
The Gujarat authority for advance ruling stated that the 99-year lease and the annual premium on the commercial plot land are subjected to central GST as per the ruling. “…lease of the plot for 99 years by the applicant is not a sale of land but is a lease of plot/land and therefore does not […]
To remove the 18 % GST on startups launching satellites by ISRO rockets is a good decision by the central government. This forced Indian companies to launch their own satellites by using foreign rockets. Foreign firms have been given the privilege of paying 18% GST if they wanted to launch their satellites using ISRO from […]
The 43rd GST council meeting was held via video conferencing in New Delhi with other states finance ministers. The meeting was very important as the states’ ministers demanding GST rate cut and exemption of COVID-19 supplies via official letter. The union finance ministry has discussed on GST rate on COVID-19 related medical supplies along with […]
There are several errors in the GST portal which can be noticed while working these are error in downloading the file it occurs when the time allotted of 24 hrs gets expired, application issue which occurs while processing the application by the taxpayer, some other application related issues is to be seen is the invalid […]
