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The business units poting for a better and feasible GST payment system can do it till 31st March 2022 by applying it to the GST composition scheme of the government. With this scheme, the suppliers offering both goods as well as services with an annual turnover of up to 1.5 crores can pick up the […]
The Telangana Authority of Advance Ruling (AAR) mentioned that in two rulings that seeds are not being produced via agricultural and must be levied with the GST a growth that builds the issues for the agriculture sector in the subsequent times. In both, the rulings AAR mentioned that seed is treated in a separate way […]
Despite when the firms move their business from one state to the other would now face tax issues because this will be acknowledged as a supply and encounter the GST. A recent ruling via Authority for Advance Ruling (AAR) upon the transfer of the business from one state to another through a similar firm would […]
The Karnataka Authority of Advance Ruling (AAR) rendered that 18% GST on earned income through the research and training projects funded via ministries of the government of India and the state government of Karnataka. The petitioner, Sai Gopalkrishna Bhat accumulated the enrollment as a proprietary case beneath the law of Central Goods and Services Tax […]
E-commerce changed the procedure of business performed in India. Much rise in the industry would be formed through the penetration of the internet and the smartphone. As per that there is an increase seen in the sellers on the e-commerce portals. In this article, we would discuss the points that shall support the e-commerce sellers […]
The union budget 2022 has brought multiple proposals as well as amendments to the goods and services tax (GST) law and act. The Nirmala Sitharaman with his 4th union budget presentation made some GST proposals in the parliament in the Finance Bill 2022. Major Key Changes of GST in Finance Bill 2022 Let us check […]
The Bombay High court has provided the notices to the centre and Maharashtra government in context to the applicant where the subject seeks to announce as unconstitutional a provision in GST laws that provides the authority with a power to restrict the input tax credit (ITC) on the contract services inside the real estate. The […]
In India, any retailer coming under the turnover range of INR 50 Crore to 500 Crores (and more) must have to follow the below compliance as per the GST Act: Real-time GST E-invoice (SEZ, B2B) GST Credit Note/Debit Note (B2B, SEZ) GST Invoice (B2C) Bill of Supply (B2B and B2C) Dynamic QR Code for 500 […]
As retail sectors are on the path of recovery but due 2nd half of FY22 rising Omicron cases have backed out the recovery again. The retail sector is eyes on the budget for good hope in the current uncertain territory. Seeing the rise in the cases and the increasing omicron variant the government must circulate […]
