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The GST official might revise the rate, for some services or products and remove some of the exemptions in a bid to revise the instance of the inverted duty. A group of ministers (GoM) led by Karnataka Chief Minister Basavaraj Bommai would work on the 2nd round of amendments for the GST rate. “The inverted […]
GST e-invoice compliance: Wef October 1 the e-invoicing for businesses with an aggregate turnover of Rs 10 cr or more, under the goods and services tax, or GST regime would become essential. The government has reduced the limit from Rs 20 cr at the current time in a bid to manage the revenue leakage and […]
A Group of ministers would need to see towards the rate rationalization by the Goods and services tax council is thinking to maintain an 18% and 28% slab and ending a 12% slab. People who know about the development, the majority of the members of the group learn that a 12% slab accounts for nearly […]
The Andhra Pradesh authority for advance ruling (AAR) headed by Mr D. Ramesh, Member (State Tax) and Mr RV Pradhamesh Bhanu, Member (Central Tax) ruled that the procurement and drug distribution, Medicines, and additional surgical equipment by Andhra Pradesh Medical Services and Infrastructure Development Corporation (APMSIDC) does not come under pure service and not eligible […]
Because of the recent increase in the GST rate on some daily essentials everyday marketing would see a shift. The rise in the price seen in some items is labelled food items, packaged food items weighing up to 25 Kg per pack, or retail packs. Before the revision of GST rate was exempted, currently, a […]
There are much more things that have been made by scientists and from their work, particularly regarding the covid pandemic condition. However various scientists are being thought about the future of their research post to the announcement of the government for the amendment in the GST rate of 5% on the technical testing equipment related […]
The government stated that there is no Goods and Services Tax (GST) on the funeral, burial, crematorium, or mortuary services. The press Information Bureau (PIB) articulated that the social media post which claims to affect there would be the GST on these services was guiding negatively. But, for the works contract or the issued contracts […]
In the coming time, you need to pay the GST on the unsettling rentals. From July 18 2022 an 18% GST would be levied on the residential rentals all over the country made by the Finance Ministry’s revenue department. From the notification introduced a residential dwelling rented to the enrolled person beneath GST will draw […]
In an order passed by the Andhra Pradesh Authority for Advance Ruling (AAR), it has been clarified that there should be no levy of goods and services tax on the printing of pre and post-examination items, as well as the scanning and processing of exam results are free of tax. The ruling was passed in […]
