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The Telangana Authority of Advance Ruling (AAR) has ruled that the supply of ambulances received by the Tripura Government is liable for 28% because it is considered an interstate supply. The two-judge bench of Kasi Visweswara Rao and Sahil Inamdar held that the tax being levied on goods shall increase during supply under the provisions […]
For the two-wheeler segment, successive problems would have been surging out, through the entry-level vehicles that draw some buyers. For the same concern, a request to the GST Council has been furnished by the Federation of Automobile Dealers Associations (FADA) for considering diminishing the GST on two-wheelers from 28% to 18% to assist the same […]
Facilitate to perform businesses for MSMEs- Between offline companies and online e-commerce sellers MSME body Federation of Indian Micro and Small and medium enterprises (FISME) urged the government for equality in GST compliance to motivate more MSMEs to arrive online. The same was among the suggestions built by FISME to MSME ministries Additional Secretary & […]
The Bombay High Court ruled that the state could not impose the GST on goods and services furnished via intermediaries to its foreign customers. However, while the requirements of the Integrated GST Act have been maintained, experts are unsure whether the Integrated Goods and Services Tax may be applied to these transactions. An intermediary would […]
With respect to the GST input tax credit refund claimed on the inputs of electric vehicle manufacturing, the Orissa high court filed a writ petition before it rendered the refund of the balance claim amount. The stated observation was incurred by the Orissa High Court when the writ petition was furnished before it via the […]
The tax officials are investigating a section of automobile dealers who have allegedly issued fake invoices without offering any service which is an unlawful action under goods and services tax (GST law). The authorities are going to ask the car dealers to prove that general insurance companies have received their services. According to a business […]
The Rajasthan Authority of Advance Ruling (AAR) has held that the 18% GST is liable for the supply of precast manholes using steel and cement. The bench comprising two judges, Umesh Kumar Garg and Mahesh Kumar Gowla has noted that precast manholes and rises are movable property. So, the supply of precast manholes and rises […]
What is GST Section 17? ITC (Input Tax Credit) Apportionment and Blocking of Ineligible GST Credits are covered in Section 17 of the CGST Act, 2017. GST was implemented to prevent cascading taxes and to ensure a consistent flow of input tax credits with the complete supply chain. The primary and foremost strength of the […]
Data analytics is being used by the GST officers to make sure the whole supply chain in a specific sector is paying sufficient GST or if there is a missing link, said an official. The Directorate General of GST Intelligence (DGGI) has taken a stance and made efforts to find out about tax evasion at […]
