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The digital advertising sector is urging the government to give them relief in goods and services tax rates amid the corona crises. The Internet and Mobile Association of India (IAMAI) has raised concerns on behalf of the digital advertising sector demanding GST rates View the post GST impact on online advertising business in India. Also, […]
Today, the Rajasthan High Court refused the demands made by the Department of Goods and Services Tax for Rajasthan opposite to the company of Ultratech Cement for unpaid dues of Binani Cement. Binani Cement had faced huge losses in the preceding financial year, and so was not able to repay the loans taken from Bank […]
In the wake of the country’s current situation where the entire economy has collapsed due to the COVID-19 outbreak, the Indian government has taken another big step favoring the businesses and taxpayers. The government on Wednesday declared that it is going to release ‘Custom Refunds’ for around 1 lakh businesses including MSMEs View the impact […]
Goods and Service Tax (GST) is applicable to the salaries of the individuals posted as directors in the company, says Authority of Advance Ruling (AAR). Directors being the employees of the company have TDS and PF deductions from their salaries as per the laws applicable to their services. In the application filed by a Clay […]
The startups in India have written a letter to the office of the Finance Minister of India, Mrs. Nirmamla Sitharaman, asking for liquidity support because of the lockdown announced by the government after the outbreak of COVID-19. The letter stated that more than half of the startups will go bankrupt because of the lockdown if […]
In this pandemic time when our country is fighting against Coronavirus Outbreak, the medical organizations have asked the government to think about eliminating GST on sanitizer products and masks 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 […]
AAR is an acronym of Authority on Advance Ruling in Karnataka, In a recent matter, AAR stated that the tax invoice can be issued with Integrated Goods and Service Tax( IGST) to customers for the interstate transaction in the case where the goods are directly dispatched from the port of import with invoicing completed from […]
Good and Service Tax Network (GSTN) reported 10,000 new GST registrations and 8,000 refund applications on the portal during the lockdown. The report is of 10 days since the lockdown started (till 3 April). To handle the GST registrations and online applications Get to know the complete GST registration procedure online on the Indian government […]
The Gujarat High Court has granted bail to the applicant in the case of false, higher Input Tax Credit (ITC) claimed by the assessee. The applicant in the case of Amit Chandrakant Shah vs. the State of Gujarat, was granted bail on the precondition that he, Mr. Amit Chandrakant Shah, will not exploit the benefit […]
