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Search results for: GST regime

12 Percent GST Rate for Fusible Interlining Cloth

Fusible Interlining Cloth will Attract 12% GST Rate: WB AAAR

A ruling has been passed by the Appellate Authority of Advance Ruling (AAAR), West Bengal and it states that the fusible interlining cloth can’t be considered as a woven fabric thus it will attract 12% GST Rates Grab the information of revised GST slab rates on consumer products in India, Although GST council finalized the […]

GST Applicability for Power Utility Transactions

GST to be Charged for Power Utility Transactions Except for T&D: AAR

The AAR Tamilnadu, ruled that only the transactions related to distribution and transactions of the power utilities sector will be exempt from Goods and Services Tax (GST) Check out the latest official updates under GST (Goods and Services Tax) by the CBIC department. Also, we include notifications & circulars/orders regularly. Read more. All the other […]

FM: Focus on Easing the GST Compliance

Finance Ministry New Strategy to Ease Compliance for High GST Revenue

The government has decided that it will focus on easing down the compliance for GST (Goods and Services Tax) for the benefit of the assessments. The government thinks that easing will bring more revenues to the government. With better and easier filing and payment compliance, more taxpayers will submit the GST returns

GST Council Vice-Chairman Post

Indian States Raise Voice to Fill GST Council Vice-Chairman Post

GST Council will conduct a meeting this month, it is expected to be focused on Compensation to States but it is also set to air concerns of inadequate representation and review of the indirect tax regime These types of taxes paid on Consumption by the consumer but they do not pay directly to the government […]

GST Registration Required for Medical Stores

Medical Stores Run by Charitable Trusts Need GST Registration: AAR

The Authority of Advance Ruling (AAR), Gujarat has ruled that all the medical stores, that are providing the medicines at lower rates, amount to the supply of Goods and all the medical stores, run by any charitable trust, are required to get them registered under the Goods and Services Act 2017. The ruling was provided […]

CICU - Release Pending VAT & GST Refunds

CICU Urged Punjab Tax dept to Release Pending VAT & GST Refunds ASAP

The CICU stands for Chamber of Industrial and Commercial Undertakings, it is registered as a non-profit making society, and it represents Industry & Trade Sectors of the Punjab State since 1968. As per the recent events, the CICU reflected its disappointment to the Punjab state tax department for its inability to release the pending VAT […]

Release Pending Claims and GST Refunds

Carpet Exporters Urged Textile Minister to Release Pending Claims, GST Refunds

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 […]

GST Lease of Cold Storage

18% GST to be Charged on the Lease of Cold Storage for Agricultural Produce: AAR

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 […]

Philips to Pay Penalty as Per NAA

Philips to Pay Penalty as Per NAA for Not Giving GST Benefits to Consumers

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 […]

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