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The 50th Goods and Services Tax (GST) Council meeting is in progress today, on July 11th, 2023. Chaired by Union Finance Minister Nirmala Sitharaman, this meeting holds paramount importance in discussing crucial taxation issues. It is important to note that the information shared is reflective of the present circumstances. We will continue to provide you […]
28% GST is subjected to be paid on the supply of PVC floor mats for cars, the Gujarat Authority for Advance Ruling (AAR) ruled. The floor mats used for four-wheel motor vehicles (cars) supplied via the petitioner are principally for use in motor vehicles, the two-member bench of Amit Kumar Mishra and Milind Kavatkar witnessed. […]
On the service charges, the provision in the law allows the restaurants to impose the GST, as stated by the Finance Ministry. The same indication would arrive as a legality dispute of the services of the service charges would be litigated in Delhi High court. If the restaurants would be qualified for the GST charge […]
For streamlining and expediting the issue resolution procedure for GST, a 4-member appellate tribunal is proposed to be set up in each state. There are two technical members (one officer each from the centre and states) and two judicial members in every state appellate tribunal. A division bench including two members shall decide the appeals […]
As we arrived at the last month of the accounting year (March 2023), it reveals some essential facts that are needed to be considered in the current month in order to have an easier operation in the subsequent year without taking the assistance of the former year. Below mentioned are the points that need to […]
The purchaser would not be qualified for claiming the ITC on the subject of purchases that the seller made, who would have released its tax liability, Punjab Authority of Advance Ruling (AAR) stated. No registered individual would be eligible to get the ITC for any supply of goods or services or both until the tax […]
Personal hearings must be allowed in all cases before assessments are finalized, with the exception of those in which the assessee’s position is meant to be accepted by the department, according to a ruling by the Madras High Court. The single justice bench Anitha Sumanth stated that the officer committed a grave error by proceeding […]
A new feature has been added to the GST Portal by the Goods and Services Tax Network (GSTN), which is the technological foundation of the GST system in India. With the use of a mapping tool, this function enables taxpayers to geocode their primary business address, which transforms the address into geographic coordinates (latitude and […]
In the three months since it assumed responsibilities under the Goods and Services Tax (GST) system, the Competition Commission of India (CCI) has not been able to resolve a single anti-profiteering complaint. An official source claims that the CCI’s work is being hampered by the lack of a quorum because meetings at the organization require […]
