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Free supplies of goods and services have been frequently used by the businesses to promote their products in the market. The situation arises when the receiver/ buyer tries to obtain good quality material at a bargained price in the market.
GST, with the hope of billions to provide a better way to transact in a business and to eliminate the cascading effects under the previous tax system, it is the biggest tax reform in India ever. Although the system is very new to all and the taxpayers are not well-versed with the new indirect tax nomenclatures, we can expect that by the time it will go flawlessly.
The sub-section (2) of section 146 of the Customs Act,1962 (52 of 1962) defines Custom house agents as the persons registered, provisionally or else, to be employed by the licensee to help him in his work as an agent. There are so many confusion regarding the Custom House Agents provisions under GST Regime, so here is the article to solve all the doubts pertaining the same.
The new GST regime will be enforcing numerous tax compliance along with the strict prosecution which will further lead to demand GST jails in every state as stated In the meeting of the Punjab State Trade Board, the State General Secretary Sunil Mehra, District President Radheshyam Ahuja, Vinod Bharti.
As the issues were raised earlier on the confidentiality of the taxpaying data, it is now again a matter in the GSTN arena that the All India Tax Advocates Forum (AITAF) has demanded an all round confidentiality and security of the details of the taxpaying data which will be uploaded by the assessees in the upcoming goods and service tax in India.
The Gujarat bench of the Authority for Advance Ruling (AAR) held that the Goods and Service Tax Input Tax Credit (ITC) was restricted to the cost of employer for canteen facility, apart from the employees contributions. The petitioner, M/s Kohler India Corporation Pvt. Ltd. is manufacturing plumbing products for kitchens & bathrooms. Their manufacturing facility […]
A Division Bench of the High Court of Telangana has explained that the GST Authority does not have the authority to issue orders for the insertion of a negative balance in the credit ledger of assessees. A writ petition was filed by Laxmi Fine Chem against the Assistant Commissioner contesting the blocking of input tax […]
The Supreme Court has asked the centre that during the investigation do not use “threat and coercion” against traders for recovery of Goods and Services Tax (GST) and instead convince them to clear the dues voluntarily. No provision is there under the law which authorises the authorities to exert force for payment of outstanding dues, […]
The matter of Landmark Cars East Private Limited (GST AAR West Bengal) is into the intricacies of GST norms for the demo cars. This blog examines the rulings of authority on input tax credits, tax rates, and classification for demo cars, offering insights into the implications for businesses. Landmark Cars East Private Limited, an authorized […]
