Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
The GST Budgetary Support Scheme could not be interpreted liberally Jammu & Kashmir and Ladakh High Courts stated. The new scheme furnishes some advantages through the method of budgetary support to these units which were allotted excise duty exemption beneath the former tax regime before the incorporation of the GST regime. The support of budgetary […]
An order has been directed by the Uttarakhand Authority of Advance Ruling (AAR), according to the order, availing motor vehicle rental services, GST is subject to be paid on monthly rental, overnight charges, and fuel on a mileage basis. The appellant, M/S Uttarakhand Public Financial Management Project, receives motor vehicle hire services from M/S Baba […]
The number of e-way bill generation has increased to 8.82 crores in May from 8.44 crores in April, which indicates more movement of goods. As per the PMI (Purchasing Managers’ Index) manufacturing, the result rose to a 31-month high of 58.7 in May, providing the first indication of increased goods movement. Increased bill generation may […]
The tax consultants request the SGST and CGST commissioners to redress the applications of GST registration rectification details in the emergence of the random physical verification of GST registration. The Madhya Pradesh Tax Law Bar Association and the Commercial Tax Practitioners Association wrote to CGST Commissioner Partho Roychoudhary and SGST Commissioner Lokesh Kumar Jatav on […]
What is Section 15 Under GST Act? The value of the supply of goods or services or both is described in Section 15 of the CGST ACT 2017 as the “Transaction Value,” which is defined as the price actually paid or payable for the supply of goods or services or both when the supplier and […]
In the month of May, the GST collections of India surged by 11.5%, standing slowest in 6 months to cross Rs 1.57 lakh cr with the revenue from the domestic transactions rising 11% and imports which generate 12% additional taxes compared to before year. May’s revenue for the transaction that takes place in the month […]
The Uttar Pradesh Appellate Authority for Advance Ruling (AAAR) in its recent ruling, held that 18% Goods and Services Tax (GST) would be subjected to be applied to work contract services to Uttar Pradesh Jal Nigam (UPJN). The bench of Dr Uma Shanker and Ministhy S. sees that the Uttar Pradesh Jal Nigam (UPJN) is […]
Traders and industrialists have been reassured by Punjab State Goods and Services Tax (SGST) officials that they won’t be liable to pay a fine of Rs 50,000. The stated fine was levied in case of not displaying GST identification numbers (GSTIN) outside the business setup. It was a nice decision to make them aware and […]
What is GST Section 60? The GST regime in India would have drawn crucial revisions through the way the taxation would get progressed. Section 60 of the GST Act permits a taxable person to make a provisional assessment of goods or services if they are unable to ascertain the value or rate of tax applicable. […]
