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The Apex court sought the revenue department to furnish the information on the total number of show cause notices furnished to claim the GST exemption for the cases in which the exports would have been done before the imports, and in which the high courts (HCs) have provided the interim orders. The information would have […]
The Maharashtra Authority of Advance Ruling (AAR) stated that the supply of Tata garbage tipper vehicles to Municipalities draws 28% GST. The two-member bench of M. Rammohan Rao and T.R. Ramnani sees that the garbage tipper vehicles could be utilized for the purpose of goods transportation. The starting words of Entry 8704 are “Motor Vehicles […]
The Telangana GST AAAR held, no GST exemption would be there on the sub-contract services to the educational boards. The two-member bench of B.V. Sivanaga and Neetu Prasad sees that the GST exemption is available when the services are furnished to the educational institution for the services concerned with the admission to or the conduct […]
The Reserve Bank of India (RBI) comprises the GSTN as an information provider concerned to finance beneath the AAF (Account Aggregator Framework). The latest move has the motive to ease the flow of cash as per the lending to micro, small and medium-sized enterprises (MSMEs). The council’s revenue shall be the regulator of the GSTN […]
A day prior to the central Finance minister Nirmala Sitharaman starting the customary pre-budget meets with the stakeholders, the confederation of Indian Industry (CII) asked for a reduction in the personal rates of the income tax for reviving the demand. The same can provide the advantage to nearly about 5.83 cr people who become part […]
The Central Board of Indirect Taxes and Customs (CBIC) published a thorough explanation on submitting information regarding the reversal ITC and ineligible ITC as well in August 2022. State GST authorities have asked assessees to furnish true and proper details of ineligible Input Tax Credits (ITC) and reversals. This is significant since the GST return […]
Dr Amit Mitra, Former Finance Minister of West Bengal on Wednesday wrote to Union Finance Minister Nirmala Sitharaman aiming for an urgent Goods and Services Tax (GST) Council meeting, which he pointed out had not taken place in the last four and a half months. He was one of the founding members of the GST […]
At the end of the next year, the centre would have intended to set the GST appellate tribunals (GSTATs) in the country with the principal bench in New Delhi to solve the issues concerning the indirect tax and facilitate doing business and increase the collection of taxes. Despite the launch of the GST, the country […]
The GST wing of the Central Board of Indirect Taxes and Customs (CBIC) would have issued GST show-cause notices to various tax-evading entities underpaying taxes. Under reports, the department would provide more than 20,000 notices to the defaulters. For the concern of tax evasion in FY 2017-18, nearly 20,000 notices were issued post-scrutiny of the […]
