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Concerning the claims raised under the Goods and Services Tax (GST) Act, holding firms are involved in litigation. In these, those companies are included which extended corporate guarantees to their subordinate companies in India. According to government officials, it is estimated that the total demand over the past three months to be a few hundred […]
The product of Dhathri Ayurveda Private Limited called “Dhathri Dahasamani”, which is used as a flavour and taste component in drinking water, would get categorized as Mixed Condiments and Mixed Seasonings under the Heading 2103 90 40 of the First Schedule to the Customs Tariff Act, 1975, drawing a 12% GST, the Kerala Authority for […]
The Kerala Bench of the Authority for Advance Ruling, in the case of IN RE: M/S. CHOICE FOUNDATION – 2023 (7) TMI 570 – AUTHORITY FOR ADVANCE RULING, KERALA, ruled that because the assessee and the joint venture are two separate entities in the means of taxation, the supply of services to the joint venture […]
The financially strapped Kerala government intends to request that the Central government consider waiving the royalty on earth/boulders and refunding the State Goods and Services Tax component for the National Highway projects in the state—the Ernakulam Bypass and Kollam-Shenkottai NH. The State has already asked the Centre to waive the proposed 25% State share of […]
In the GST mechanism, an individual is not bound to register if his aggregate revenue in the financial year is below 20 Lakhs. As per the law, the supplier needs to register once his turnover exceeds 20 Lakhs and start paying taxes from that point. However, in some cases in Karnataka, officials have made tax […]
In consideration of the suggestions of the 50th Goods and Services Tax (GST) Council, the Central Board of Indirect Taxes and Customs (CBIC) has released Circular No. 199/11/2023-GST on 17th July 2023, to simplify the taxability of services given by an office of an organization in one State to the office of that organization in […]
The 51st GST Council meeting on the date August 2nd, 2023 was conducted via video conferencing in New Delhi with Union Finance Minister Nirmala Sitharaman, presiding over the meeting with Union Minister of State for Finance Pankaj Chaudary, Revenue Secretary Sanjay Malhotra, and several state ministers. The gaming industry is quite disappointed with the GST […]
In the matter of M/s. M.B.M. Steels vs. The Assistance Commissioner (ST), the Madras High Court stated that if the taxpayer received an inward supply from a non-existent taxpayer, the petitioner should be given an opportunity for a personal hearing before pursuing recovery action. The petitioner is a dealer of hardware and has a GST […]
For the case of the University of Calicut, the Kerala Authority of Advance Ruling (AAR Kerala) held, E-Activity/ Services furnished through the university to affiliated colleges and students would be levied with GST. The University of Calicut is a legal university appointed under the Calicut University Act 1975. With the purpose of teaching and affiliating, […]
