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Search results for: Goods and Services Tax

All 2020 GST Notification for Taxpayers

2020 GST Notification for Central, Integrated Tax & UT Rate

The taxpayers are considered to be very important by the GST authorities as the department has offered notification based circulars with complete due dates with the particularly mentioned tax rates of every particular tax base, Central Tax and rates, Integrated Tax and Rate, Union Territory Goods and Services Tax (UTGST) and rates. Below you can […]

GST Rates on Air Conditioners and Spare Parts

GST Rate on Air Conditioners and Spare Parts with HSN

In this post, you can easily find out the GST rate for air conditioners and their spare parts, including the appropriate HSN code in India. On the GST execution, the tax rates were being diminished for the majority of the electronic goods except for air conditioners and large screen TVs, which now come beneath the […]

Karnataka AAR Order in Case of M/s Pankaj Enterprises

GST AAR: Transaction Value is Supply Taxable Value Otherwise Refused U/S 15

The Karnataka Authority of Advance Ruling ( AAR ) ruled that the transaction value is the taxable value of supply unless cancelled and revealed beneath section 15 Goods and services tax act. The petitioner M/s Pankaj Enterprises is an individual and has no enrolment beneath GST, however, he poses to execute the business as a […]

E-Vehicles Charging Services, 18% GST or Exempted?

Tax-Free or Attract 18% GST Rate on EV Charging Services

India supports the global electric vehicle (‘EV’) 30@30 campaign. By 2030, the country is seeking to have at least 30% of new vehicle sales. There is a need for an accessible and robust network of EV charging infrastructure to address the mentioned ambitious target. The functioning of an EV relies on the battery installed in […]

Solution for Businesses As Per New GST Norms

New Amendments in GST Norms and Their Systematic Solution

In recent times, the Goods and Services Tax (GST) law has experienced important GST amendments. It just surges the mandatory reconciling of the GST data in a more regular way to prevent the differences amid GSTR-1, GSTR-3B, and GSTR-2B. The same rises the challenges to the new business which would be addressed through the technology. […]

ITAT Delhi Order Related to Technical & Managerial Services

Goods’ Analysis Before Shipment Not Treated as ‘Technical & Managerial Services’, ITAT

The Income Tax Appellate Tribunal (ITAT) Delhi bench ruled that under Section 9 (1) of the Income Tax Act, 1961 the activity of inspection and investigation of goods prior to shipment would not be considered as technical and managerial services. Before that the commissioner of the income tax Appeals CIT(A) proved the additions built to […]

Upcoming Improvement in GSTR-1 & IFF

List of Improvements in GSTR-1 and IFF on Portal for Taxpayers

The Goods and Services Tax Network ( GSTN ) has stated the GSTR-1/IFF enhancements on GST Portal. The statement provided by GSTN mentioned that the statement of the outward supplies in form GSTR-1 is to be filed through all the normal assessees on monthly or quarterly grounds subjected to it. The quarterly GSTR-1 filers are […]

GST AAR Order for Shilpa Medicare LTD

GST: Business Transfer from Another State Deemed “Supply of Services”, AAR

Despite when the firms move their business from one state to the other would now face tax issues because this will be acknowledged as a supply and encounter the GST. A recent ruling via Authority for Advance Ruling (AAR) upon the transfer of the business from one state to another through a similar firm would […]

SFT Compliance By Genius software

Simple Guide of SFT Compliance Via Genius Tax Software

Know About Statement of Financial Transaction Statement of Financial Transaction (SFT) poses the report of the mentioned financial transactions by the particular individual along with the stated reporting financial institutions. These people who enrol, maintain or record these particular financial transactions are compulsory to submit SFT to the income tax authority or these people authority […]

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