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New TCS on Complete Sales with GST

Leviable TCS Under New Provision Accepts Complete Sales with GST

Central board of direct taxes CBDT has announced that on the sales of items and services valued over 50 lakh annually will be considered with compensation including GST which is currently charged with 0.1 % TCS. On the TCS returns the Income-tax department TGet to know about new TCS (Tax Collected at Source) rules under […]

18 Percent GST Rate on Sale of TDR and FSI

Maharashtra AAAR: 18% GST Rate is Applicable on Sale of TDR & FSI

The Maharashtra Appellate Authority of Advance Ruling (AAAR) declared the AAR’s governing and endured that 18% GST rate Grab the information of revised GST slab rates on consumer products in India, Although the GST council finalized the slab rates like 5%, 12%, 18% and 28%. Read more is leviable on sale of Transferable Development Rights […]

Fields Under GSTR 2A Related to Credit Availability

How will GSTR 2A Additional Fields Affect Taxpayers for Credit Availability?

In the context of Value added tax, the countries who have implemented VAT with credit are facing input tax credit frauds. For recovering from these issues the Goods and Services Tax (GST) law has created several anti-abuse provisions, that have the GST credit taken by the taxpayer with the GST paid by its supplier in […]

Dispute Resolution Mechanism

Dispute Resolution Mechanism May Active Under GST Revenue Issues

To adjoin the GST revenue gap created by the centre the states are seeing alternatives to oppose the plan in the coming 42nd GST council meeting There is a 42nd GST Council meeting scheduled in the first week of October 2020. The meeting will be mainly focused to review the options provided. Read more and […]

Settlement of Arrears for 2020 GST Amnesty Scheme

Kerala Govt. Discloses Guidance for Arrears Settlement of GST Amnesty Scheme

Under the Amnesty scheme 2020, Kerala GST officials provide instructions for the settlement of arrears. The province of Commissioner of KGST in the context of Kerala Finance Bill, 2020 to assure constancy in bringing out the improvements performed in different Laws and conditions with regards to Amnesty Scheme, 2020 The Indian government is planning to […]

No GST on Services for Conducting Examination

Services Accompanied to Board of Examination Cannot Induce GST, KAR AAR

The outer agencies providing the services to the board of examination in concern to conduct the examination cannot induce Goods and Services Tax (GST) said by Karnataka AAR “It is an undisputed fact that the process of conducting the examination is not limited/restricted to the test centre. The examination is an incomplete activity without assessment. […]

Delhi HC Rejects 5 Percent GST Rate Appeal on Fabrics

Delhi HC has Discarded the Appeal for Compensation of 5% GST Rate on All Type Fabrics

Under Sections 50 to 63 of the Customs Tariff Delhi high court has discarded the appeal for compensation of 5% of GST on every type of fabrics Grab the information of revised GST slab rates on consumer products in India, Although GST council finalized the slab rates like 5%, 12%, 18% and 28% as an […]

42 Percent Drop in GST Collection

Uttarakhand Reported the Sharpest Drop of 42% in GST Mop-up

Almost every state is going through a tough time due to the Covid-19 pandemic and lockdowns, but the condition of Uttarakhand seems worst among all in the case of GST Collection In April and August of the current year, the Goods and Service Tax GST revenue sees a sharp decline of 30.4% in comparison to […]

No Late Fee for GSTR 4 and GSTR 10

CBIC Removed Late Fee on Furnishing GSTR 4 & GSTR 10 Form

Central Board of Indirect Taxes and Customs (CBIC) waived off the penalty or late fee which needed to be paid by the registered taxpayer if he/ she failed to furnish the return in Form GSTR-10 Get to know the fast learning guide to GSTR 10 along with easy online return filing procedure and original screenshots. […]

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