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The bid for boosting the state’s economy and gives the employment to the migrant people who have returned files during the rise of lockdown, the Uttar Pradesh council has declared a promotion policy which boosts the investment for the backward region of Purvanchal (eastern UP), Madhyanchal (central UP) and Bundelkhand. The industrial units will be […]
GST (Goods and services tax) is a major tax reform implemented in India on 1st July 2017 across all the states. The new tax scheme has subsumed around 17 indirect taxes of both central and state levels. It is said that the goods and services tax will end the currently prevailing cascading effects of taxation […]
Due to COVID-19, the Punjab government has collected 38% Goods and Service Tax (GST) in its first four months as compared with the last year. According to the Taxation dept, the total collection of both the SGST and IGST Get the brief introduction of SGST, IGST and CGST. We have mentioned their full forms, meanings […]
Rs 87,422 crore GST revenue has been collected in July out of which SGST counts on Rs 21,418 crore, CGST is 16,147 crore, IGST is Rs 42,592 crore which includes Rs 20,324 crore that is negotiated on import of goods and Cess stood at Rs 7,265 crore which includes Rs 807 crore collected on goods […]
The Authority for Advance Ruling (AAR) of Andhra Pradesh stated that renting the Non-A/C buses for Andhra Pradesh State Road Transport Corporation (APSRTC) will attract Goods and Services Tax at 18% rate Grab the information of revised GST slab rates on consumer products in India, Although the GST council finalized the slab rates like 5%, […]
The collection of Goods and Services Tax (GST) for June 2020 has seen a downfall as compared to that in June 2019. The GST collected for June, amounted to ₹ 90,917 crore (CGST- ₹ 18,980 crore SGST- ₹ 23,970 crore IGST- ₹ 40,302 crore Cess- ₹ 7,665 crore)the departments have already settled ₹ 13,325 crore […]
The Advance Authority of Ruling (AAR), Gujarat has ruled that the manufacturing of emulator, pressure gauge, change over switch, and timing advance processor will attract a GST (Goods and Services Tax) at 28% rate Grab the information of revised GST slab rates on consumer products in India, Although GST council finalized the slab rates like […]
The Authority of Advance Ruling of the Telangana State has ruled that GST (Goods and Services Tax) will be applicable on Ice Cream, its allied products and milkshakes. The judgement was taken in the case of an application filed by M/s Sri Venkateswara Agencies. The applicant is a partnership firm, who are registered distributors of […]
Telangana State Authority for Advance Ruling (AAR Telangana) in an advance ruling ruled that Integrated Goods and Service Tax (IGST) will be applied to ex-factory inter-State sales. The advance ruling was requested by the applicant, M/s. Penna Cement Industries Limited. The applicant had filed an application in form GST ARA-01 under Section 97(1) of the […]
