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In response to an application filed by Premier Vigilance & Security Pvt Ltd, a company providing transportation and services to banks, the West Bengal Authority for Advance Rulings (AAR) has passed an order saying that Goods and Services Tax (GST) will be levied on reimbursement of toll charges.
The GST department of the Haryana region has recently issued circular mentioning that all the field officers must hold and block the input tax credit pertaining to certain conditions.
TDS stands for Tax Deduction at Source. Between deductor and the tax administration, it is easy to share the responsibility of tax collection. A certain regular inflow of cash is also made to the Government.
For transport carriers, Radio Frequency Identification (RFID) tag is Acquired for accomplishing e-Way bill requirements has become compulsory in UP.
So many cases came in front in the investigation where the commercial vehicle carried the consignment but without the vehicle details on E- Way Bill in Kerala.
The National Anti-profiteering Authority (NAA) was touted as the watchdog for passing benefits from GST rate reduction or ITC to end consumers.
To increase GST compliance as well as put grievances of all potential taxpayers to rest, the Banking and Financial Services Department of the Finance Ministry will launch a hundred-day special campaign in 80 districts for small and medium enterprises from November 2.
The tax on the supply of goods or services or both is GST. The registered person who is involved in the export of goods or services or taxable supply or both can utilize qualified ITC on goods or services or both used in the development of the business.
In the month of October 2018, approximately Rs 32,000 crore present in Integrated Goods and Services Tax (IGST) pool is distributed among the centre and states.
