Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
The Allahabad High Court has reaffirmed that the cancellation of GST registration can solely occur under the provisions of Section 29 of the Goods and Service Tax Act, 2017 in conjunction with Rule 21 of the GST Rules, 2017. When it comes to the process of cancelling GST registration, no assistance or guidance should be […]
In a recent ruling, the Madras High Court has determined that the Aluminum Foil Container is subject to a 12% Goods and Services Tax (GST). The petitioner, M/s. Veeram Natural Products is a partnership firm involved in the production and distribution of Aluminum Foil Containers and Aluminum Foil in Roll Form, as well as Plastic […]
The GST Council is expected to provide clarity regarding the refund of accumulated Input Tax Credit (ITC), from the date of issuing the notification, for the construction of civil structures such as bridges and roads that are not intended for sale to buyers, as per a senior government official. The official mentioned that the clarification […]
Alternative revenue models are under consideration by the Ministry of Railways and its undertaking, the Dedicated Freight Corridor Corporation of India (DFCC), due to concerns over the current system that imposes an 18 percent goods and services tax (GST) on the corporation, according to multiple sources. A report has been prepared by the DFCC consultants […]
In the fiscal year 2018-19, Andhra Pradesh recorded a total goods and services tax (GST) revenue of 25,331 crore, with an average monthly GST revenue of 2,100 crore. Presently, the state consistently achieves monthly GST collections ranging from 3,500 to 4,000 crore. April saw Andhra Pradesh achieving a remarkable milestone by raking in 4,329 crore […]
In this post, we have discussed the recent GST changes effective from the 1st of October 2023. Sections 137 to 162 of the Finance Act, 2023 (the FA,2023) (except Sections 149 to 154) wef October 01, 2023 vide Notification no. 28/2023-Central Tax dated July 31, 2023. From August 01, 2023 Sections 149 to 154 of […]
The bus operators conducted as the companies providing via e-com portals are not included in Section 9(5) of the Central Goods and Service Tax Act, 2017, witnessed in the 52nd GST council meeting. Starting from January 1, 2022, the responsibility for paying GST on bus transportation services provided through Electronic Commerce Operators (ECOs) has been […]
New India Assurance, a public sector general insurer, has recently received the largest-ever Goods and Services Tax (GST) demand notice among all insurers. The demand notice amounts to ₹2,379 crore. The notice is based on Section 73(1) of the Central Goods and Services Tax (CGST) Act, 2017, which deals with non-payment or short payment of […]
The Madras High Court recently granted permission to a company to submit a Statutory Appeal against an Assessment Order issued by the Assistant Commissioner (ST) (FAC), despite the expiration of the appeal’s time limit. This decision was made in light of the company’s inability to access the notice on the GST portal. Justice C Saravanan […]
