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One more chance needs to be provided to a septuagenarian woman, who failed to appear for a personal hearing relating to a ₹1,95,11,160 demand raised against her firm, the Delhi High Court asked the Customs Department. The applicant is the sole proprietor of the firm, who has a dealership agreement with M/s. Hindustan Petroleum Corporation […]
The Andhra Pradesh Authority for Advance Ruling (AAR) has held that maintenance charges for flow meters do not form a composite supply with the supply of recycled water and are hence subject to tax at 18%. The petitioner, M/s Greater Visakhapatnam Smart City Corporation Limited (GVSCCL), has submitted an application for an Advance Ruling u/s […]
The Federation of Telangana Chambers of Commerce and Industry (FTCCI) has outlined the importance of bringing petrol and diesel under GST while hailing the Goods and Services Tax (GST) rate rationalisation as a landmark step for a simpler and more inclusive tax regime. FTCCI leaders, led by its president R.Ravi Kumar, while asking for a […]
The 56th GST Council meeting in New Delhi, chaired by Finance Minister Nirmala Sitharaman, focused on amending GST slabs, easing compliance, and executing next-generation GST reforms. FMCG, auto, and cement sectors are expected to benefit under the proposed tax cuts, ensuring relief for consumers. The first day of the meeting on 3rd September revolved around […]
The Karnataka garment and hosiery sector is calling for significant changes in the Goods and Services Tax (GST) structure. Industry representatives are urging the GST Council to establish a uniform 5% tax rate on apparel and hosiery products and to include petroleum products within the GST framework. They argue that the existing system of multiple […]
In the first quarter (Q1) of the 2025–26 financial year, the GST collection of the state of Andhra Pradesh is Rs 8,860 crore, reflecting a growth of 3.40%. Total tax collections in Q1 (including all sectors) arrived at Rs 13,361 crore, compared to Rs 13,096 crore in 2024–25, indicating a growth of 2.02%, showing a […]
The Allahabad High Court asked the New Okhla Industrial Development Authority (NOIDA) to compensate the taxpayer Rs. 19,22,778, which was charged to the taxpayer as tax and penalty in proceedings u/s 73 of the Goods and Services Tax Act, 2017. The petitioner gives his property on rent in Gautam Budh Nagar(Noida). The rent received from […]
Under the Goods and Services Tax (GST) regime in India, the e-way bill is a significant compliance possess. It ensures the facilitated movement of goods and averts tax evasion. The blog provides a detailed overview of GST intra-state e-way bill prerequisites for tax professionals, including threshold limits, exemptions, notifications, and other relevant details. GST E-Way […]
The Ministry of Heavy Industries (MHI) has supported the proposal by the Society of Indian Automobile Manufacturers (SIAM), assisting in their request for lessening a reduction in GST rate on CNG-powered two-wheelers from the existing 28 per cent to 18 per cent and then to 12 per cent in stages. Bajaj Auto can be the […]
