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The Tuesday announcement on GST exemption on medicines for rare diseases does not seem to give much relief to those who need the treatment, according to health activists. They say these medicines are unreasonably expensive, and only a few can afford to import them. Finance Minister Nirmala Sitharaman on Tuesday declared a GST Council resolution […]
Buying a bigger utility vehicle that consists of an SUV and MPV (multi-purpose vehicle) shall cost higher. The UVs especially those that are more than 4 meters would seem to witness a rise in the prices by 2% with the 50th GST council surging the cess from the present 20% to 22% which is a […]
The West Bengal Authority for Advance Ruling (AAR) noted that on the services of loading and unloading of imported unprocessed “Toor” and “Whole Pulses” and “Black Matpe”, Goods and Services (GST) is not exempted. The applicant, Sona Ship Management Pvt. Ltd. is in the business of stevedoring and cargo handling for the past 30 years […]
The GST Council is expected to define multi-utility vehicles (MUV) and crossover utility vehicles (XUV) in order to collect a 22 per cent compensation cess over and above the 28 per cent GST slab rate, according to the sources. The council will make it clear in its next meeting which will be held on July […]
The Delhi Government has issued a new notification stating the process for revoking a cancelled Goods and Services Tax (GST) registration. According to notification no. 03/2023-State Tax released on June 21, 2023, registered individuals have the opportunity to request the revocation of their cancelled registration for which the deadline is June 30, 2023. The Lieutenant […]
Before July 1, 2023, the GST Network would be linked to India’s ambitious Accountant Aggregator (AA) financial data exchange network. Government personnel who were in knowledge of the development reported it. The technological link between taxpayers and the government is the GST Network or GSTN. The change enables taxpayers to grant lenders or credit providers […]
The Bombay High Court (HC) chaired by Justice Abhay Ahuja and Justice Nitin Jamdar ordered the Sales tax department to review the Goods and Services Tax (GST) Input Tax Credit (ITC) application for refund. It was also ordered by the High Court to assess the evidence that the petitioner presented along with the invoices and […]
The Delhi High Court has recently made a ruling. The case is related to the Goods and Services Tax (GST). The Delhi High court bench is headed by Justices Vibhu Bakhru and Amit Mahajan. That a person is not obligated to pay any penalty when their GSTIN registration was cancelled. And this started from the […]
The Madras High Court has ruled that mistakes are not done deliberately or with any intention. The modification, as a matter of fact, would allow relevant reporting of the ITC and turnover. This will permit the claims to be presented accurately by the applicant. The single bench of Justice Anita Sumanth has learned that the […]
