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gst rate sweet shops restaurant

Scenario on ITC for Sweet Shops & Restaurants Made Clear by GST Appellate

Confusions were prevailing in the Food industry and baseless inceptions were being drawn regarding the Sweet shops, as should be considered amongst the dine-out eatery or not. It is the GST Council which had to finally plunge in this scene and the GST Appellate brought the clear picture.

Starbucks Profiteering GST Rate Cut

Starbucks To Pay Fine For ‘Profiteering’ Under GST Rate Cut

As a result of the recent GST tax reduction, the Starbucks was expected to make relevant cost reduction on its products and supplies, but reflecting fishy, the Tax authorities have questioned about the Brand’s prices and has issued two sets of letters asking about the data to get close to the exact position.

GST Portal Compare Tax Liability Facility

GSTN Introduced Compare Tax Liability Facility for Taxpayers

On Tuesday, GSTN has declared a new facility for GST registered businesses through which comparison can be done between tax liability as filed in their form GSTR- 1 (final sales return) and as declared and paid in their return filed in form GSTR-3B (summary sales return) at a single place.

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