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The Andhra Pradesh Authority for Advance Ruling (AAR) ruled that the money covered from employees for canteen and transportation would not be subject to the GST. The applicant is an apparel manufacturer named Brandix Apparel India Private Limited. The firm exports apparel outside India. To provide the canteen services to the factory employees, a third-party […]
The Gujarat Authority for Advance Ruling (AAR) ruled that support in deduction made by the applicant from workers who get food at work would not be regarded as a “supply” under the GST Act. The applicant would receive the input tax credit (ITC) on the GST collected by the service provider of the cafeteria facilities […]
As per the recent ruling from the Authority of Advance Ruling (AAR) the employers are now relieved from the process of deduction of GST on the subsidy-based meal amount received from the employees. Zydus life sciences approached the AAR’s Gujarat bench to get clarification on the GST deduction on the food amount bought from the […]
Recently the AAAR again held the decision on the fact GST not applicable on notice payment and allowed canteen services ITC. The judgement of the AAAR Madhya Pradesh has been done in the regarding of M/S. Bharat Oman Refineries Limited [Advance Ruling No. MP/AAAR/07/2021 dated November 8, 2021]. The reversed fact is done on multiple […]
It is 18% GST which is being charged on all the outdoor and industry catering services. The caterers urged that the GST tax levy of 18% on outdoor and industry catering services should be brought down to 5%
Chairman of Pension Fund Regulatory and Development Authority (PFRDA) Hemant Contractor said that many small businesses which are registered under GST (Goods and Services Tax) have attracted the working people which do not have any retirement savings plans to pensions.
After a slow year, the sale of fast foods in India is back on track to be better than ever before. The sales of quick service restaurants (QSRs) are reportedly breaking the records this year.
The ambitious goods and services tax may try to reach the prospect of salaries of employees as the implication of GST on the canteen food have given a hint on the changes hovering over the salary structure of the employees.
Input tax credit in GST, As defined by section 2 (57) of the MGL (Model GST Law) and section 2 (1) (d) of the IGST Act, Input tax is related to a taxable entity which means the (IGST and CGST) in respect of CGST Act and (IGST and SGST) in respect of SGST Act is levied on every supply of goods or any services on the entity which is used by it or which is intended to to be consumed in the course of the business and subsumes the tax payable under sub-section (3) of section 7. In a simple way, input tax credit defines that an entity can reduce the taxes it paid on the inputs at the time of paying the taxes on output.
