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ICICI Bank has informed exchanges about a demand notice from the Maharashtra Goods and Services Tax (GST) department, totalling over Rs 7.47 crore. This encompasses GST and interest claims exceeding Rs 3 crore each, alongside a penalty of Rs 11 lakh. The GST audit raises concerns about the bank’s invalid input tax credit (ITC) claims […]
The introduction of GST in construction services has wielded significant influence over the industry’s dynamics. Understanding the nuances of GST within construction work is pivotal for ensuring operational smoothness and financial astuteness. Typically, construction services are subject to an 18% GST rate, yet exceptions exist. Affordable housing projects incur a minimal 1% GST rate, while […]
Banks are currently dealing with uncertainty regarding the relevancy of the Goods and Services Tax (GST) to the use of a common brand name across all their branches and subsidiaries, according to sources familiar with the matter. Some lenders have started receiving GST notices related to using their branch and subsidiary brand name, said the […]
The Karnataka bench of the Authority for Advance Ruling (AAR) recently issued a significant ruling on the applicability of GST for battery charging services provided for electric vehicles. In their ruling, the bench, comprising M.P. Ravi Prasad and Kriran Reddy T., concluded that a GST rate of 18% will be applicable to battery charging services […]
The Karnataka Authority of Advance Ruling (AAR) determined that 12% GST applies to wooden ice cream spoons and sticks. The bench of two judges, M.P. Ravi Prasad and Kiran Reddy T., have noted that heading 4419, and specifically 4419 90, covers tableware and kitchenware made of other wood or wood other than bamboo. In addition […]
The Tamil Nadu Authority for Advance Ruling (AAR) held that the mattresses provided to the educational institutions of both Karnataka State and other states are liable for 18% Integrated Goods and Services Tax (IGST). The applicant, Hosur Coir Foams Private Limited is a maker and provider of rubberized coir mattresses and bare blocks, alleges that […]
The Tamil Nadu Authority for Advance Ruling (AAR) has ruled that the services offered by a branch office to the head office or vice versa are liable for GST. However, each is required to have a separate GST registration. The services must be provided by common employees of the person. The applicant has a branch […]
There is no Goods and Service Tax (GST) levy on the 1kg supply of red gram Dal and packing it into 50 kg bags to civil supplies corporations, Andhra Pradesh Authority for Advance Ruling (AAR) ruled. The petitioner Seetharamanjaneya Dal and fried gram Mill was been involved in the business pulses and dals. The petitioner […]
The Andhra Pradesh High Court held that the term ‘any proceedings directed to in the proviso to Section 98(2) of the CGST Act/ Andhra Pradesh GST act (APGST Act) that consists within its boundary the analysis executed against the petitioner beneath the mentioned act. The bench consists of Justices U. Durga Prasad Rao and T. […]
