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The Authority of Advance Ruling of the Telangana State has ruled that GST (Goods and Services Tax) will be applicable on Ice Cream, its allied products and milkshakes. The judgement was taken in the case of an application filed by M/s Sri Venkateswara Agencies. The applicant is a partnership firm, who are registered distributors of […]
At Present time, agents are liable to pay 18% GST on the invoices as per the GST law, and due to the epidemic situation caused by COVID 19 a huge spike in the number of the bad debts has been reported. In this matter on Tuesday, June 9, 2020, the Domestic Air Cargo Agents Association […]
Telangana State Authority for Advance Ruling (AAR Telangana) in an advance ruling ruled that Integrated Goods and Service Tax (IGST) will be applied to ex-factory inter-State sales. The advance ruling was requested by the applicant, M/s. Penna Cement Industries Limited. The applicant had filed an application in form GST ARA-01 under Section 97(1) of the […]
COVID-19 Pandemic is causing a lot of damage to the world, due to it most of the industries have been put on halt and carpet exporters are struggling to recover and regain their strength in the global market. They recently requested the Government to expedite the release of pending duty drawback claims and GST refund […]
The government launched a feature for filing the NIL GST Returns in Form GSTR 3B through SMS on Monday. The feature was added to make the tax compliance easier for the assessments. The assessees can now file their return through SMS instead of filing them online by logging in to their accounts on the common […]
The bench of Authority of Advance Ruling (AAR) ordered that from now on 18% GST (Goods and Services Tax) will be charged on the leasing charges of the cold storage for agricultural produce. The judgement was ruled in an application filed by M/s Gubba Cold Storage Pvt. Ltd. who deals with the storing and warehousing […]
A senior officer from Ashok Leyland recently said that Reduction in rate of GST and introducing of scrappage policy can revive the commercial vehicle sector which has been going through a tough time for quite some time now. The Hinduja Group flagship company also expects something similar, amid the current slowdown in the industry which […]
Due to the Lockdown and COVID-19 Pandemic state governments are having a tough time to collect revenue, and by observing that the Central government had earlier released GST Compensation of INR 1,15,096 crore for the period of April to November 2019 and today additional INR 36,400 crore GST Compensation has been also released. Today, GST […]
As per recent updates received yesterday, Philips India was found guilty by the GST anti-profiteering authority for not providing benefits of the GST rate 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% cut which is estimated over […]
