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Goods Transport Agency (GTA): The transportation services of goods by road under Notification No. 12/2017-Central Tax (Rate) dated 28.06.2017 (sr.no.18), are free from GST Services (Heading 9965): (a) By road, except for the services of: A Goods Transport Agency (GTA) A courier agency (b) By internal waterways. Therefore, till now, the goods transportation by road, […]
While addressing a joint session of Loksabha and Rajyasabha on June 20, the President of India, Mr Ram Nath Kovind said that my government will continue to take effective measures further in wake of simplification of the GST rule. Further, he said that the government is working towards to make Indirect tax simpler and effective. […]
The 35th GST council meeting has been live since today 21st June 2019 and the newly appointed Union finance minister Nirmala Sitharaman is set to discuss and initiate the council meeting for the first time in her position. There are some important suggestions and discussions backed by tax experts which are to be taken in […]
Society of Indian Automobile Manufacturers (SIAM) has recommended that to reduce the tax rates on electronic vehicles from 12 percent to 5 percent under GST to promote such vehicles in India, apart from providing one-time Income Tax (I-T) deduction of 30 percent on prices of e- vehicles for non- financed buyers.
More than a hundred amendments, GST circulars and notifications issued by the government since the beginning of GST regime has made the GST act ambiguous and this led to the gripe regarding time limit by Tax and legal consultants. In addition to the crucial amendment in the GST Act in February 2019, more than 200 […]
In this article, we discuss the GSTR-9 offline utility (v2.1) in Excel format, provided by the government GST portal. The GSTR-9 is an annual return form for all regular taxpayers, which they must file at the end of every year. The GSTR 9 annual return form consists of all the transactional details of the whole […]
Recently the sources from reputed media publishers stated that the same can come into effect from 17th November itself due to the government trying to pursued non-filers to file their GSTR 3B return. However, one must assume the effective date from 21st November as the notification has been issued to the general public and taxpayers. […]
In the upcoming 35th GST Council meeting, there is a possibility that electronic billing on a real-time basis will become mandatory for the large businessmen, wholesale businessmen are uncomfortable with the likelihood. Though it may become mandatory for the businesses whose turnover is 50-100 million or more, it will also be of great value to […]
In a bid to improvise the goods and services tax regime, the authorities are looking at every method to make it successful and more productive. Many of the industry experts have made some insights in the indirect tax regime and have come up with multiple suggestions ranging from GST evasion to future course. Let us […]
