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Rajasthan’s GST AAR ruled that the Rajasthan Housing Board is exempt from GST for services it provides regarding any function entrusted to it under Article 243 W. A bench which consists two-member, Umesh Kumar Garg and M.S Kavia held that the Rajasthan Housing Board is protected under the definition of “government authority.” Read Also: GST […]
The GST law would pose the major purpose of the tax which is to get collected merely on the value-added. A method is there in India via which the tax suffered at the before time would be permitted to get lessened from the tax subjected to get paid on the supplies. The same prevents the […]
The GST Council approved decriminalizing specific crimes and doubled the limit to the launching prosecution beneath the tax act to Rs 2 cr, however, kept the limit at Rs 1 cr for bogus invoicing. The department, for the SUVs (sport utility vehicles), charges a 22% compensation cess over the 28% GST and would have chosen […]
The Karnataka GST AAR has ruled that “satin rolls” and “taffeta rolls” that measure 19mm to 40mm are subject to a 12% GST rate under tariff heading 5807 10 20. Judicial members, Sri. Kiran Reddy T and DR. M.P. Ravi Prasad monitor that polyester yarn is used in the manufacture of taffeta rolls to protect […]
N K Singh, Chairman, of Fifteen Finance Commission, mentioned that the concern about the effective operation of the GST council could be repeated in the other sectors of the Indian economy, such as agriculture, the social sector, and the economy with digital links. The participation of the Indian states is essential to meet India’s net […]
Particularly in the rise of medical cases during and post-pandemic, the insurance sector was in demand. Experts see that the 18% GST is higher on health and term insurance and the same must be reduced. Much more people shall take health and term insurance for their medical security if the government cancels the 18% GST […]
The government of Goa rendered all of its departments to rework the infrastructure project cost via computing the GST at 18% in between the withdrawal of the concessional rate of 12% for the contracts of the government. The finance department has circulated a notice to all state departments and agencies. The same mentioned that the […]
Introduction of GST Forms TRAN-1 and TRAN-2 GST law comprises the information provisions to take forward the ITC made via the GST-enrolled individuals in the course prior to the date 1st July 2017. These credits (left-out credits) were taken forward or claimed in the GST forms Tran-1 and Tran-2 [T1 and T2] to be filled […]
The Telangana GST AAAR held, no GST exemption would be there on the sub-contract services to the educational boards. The two-member bench of B.V. Sivanaga and Neetu Prasad sees that the GST exemption is available when the services are furnished to the educational institution for the services concerned with the admission to or the conduct […]
