Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
The Karnataka-based Authority for Advance Rulings (AAR) has ruled that Goods and Services Tax (GST) will be levied on Liaisoning services by the branch office (BO) of a foreign entity in India. It will come under taxation even if transactions between them happen without any consideration. The said decision came in a case related to […]
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 […]
The administration currently decided to reset Goods and Service Tax collection targets. The current targets set by the government are Rs. 1.15 lakh crore for February and Rs. 1.25 Lakh crore for March, which are higher than the GST collections of December The government finally crossed the 1 lakh crore mark of GST revenue from […]
Finance Minister Nirmala Sitharaman has shown a beacon of hope for the automobile dealer regarding the alteration of the GST rate on automobiles as an attempt to piece down the gloomy and stagnant scenario of automobile industries. The industry had been putting up a howl for bringing down the GST rate from 28% to 18% […]
The drawback of the input duty refund under the duty drawback scheme is that it is lower as compared to last year’s IGST refund as claimed by the exporters which further noted by the Commerce Ministry.
Goods and services tax made a lot of changes to the indirect tax structure prevalent earlier than 1st July 2017 and made huge changes to make it accurate and uncomplicated as compared to past tax projects.
The international monetary fund has regarded the goods and services tax of India as the significant tax reform and also considered it to be the milestone reform taken by the government for the betterment of the economy.
The Authority for Advance Rulings (AAR) has recently notified that GST cannot be levied on payments sent by a foreign company to its liaison offices in the country for reimbursement of various expenses.
Finally, the goods and services tax is getting strict and compliant with the use of data analytics used by the GST officers in capturing discrepancy.
