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Tax is needed to be charged on the rent received from the Government social welfare college boys hostel, Telangana Authority for Advance Ruling (TAAR) ruled. It was noted that the petitioner is furnishing the renting of buildings to Greater Hyderabad Municipal Corporation (GHMC) and in municipalities and no direct relation is there between the services […]
Dr RV Asokan, the firebrand national president of the Indian Medical Association (IMA), was in Nagpur to install the IMA Nagpur chapter’s new team led by Dr Manjusha Giri. Dr Asokan articulated the pressing problems plaguing India’s medical sector, suggesting immediate action needs to be taken by the government. On illness, GST on healthcare is […]
GST council is speeding up to reexamine the exempting reinsurance business from GST. The same review is slated to emerge after the general elections spanning from April 19 to June 1, 2024, aimed at electing the 543 members of the lower house of Parliament, as per the report. The Council may furnish a clarification stressing […]
The problem of unsigned orders in tax matters arrived under scrutiny in a case before the Telangana High Court. The order of the Assistant Commissioner has been contested by the applicant under the CGST/TGST Act, 2017 quoting its voidness as of lack of signature. Let’s get into the insights of the detailed analysis of the […]
Manufacturing of teicoplanin and caspofungin under drugs & medicines must levy a 5% Goods and Service Tax, the Telangana Authority for Advance Ruling(TAAR) has ruled. The petitioner Stanex Drugs & Chemicals Private Limited is one of the fastest developing pharmaceuticals in India, It was founded in the year 2004 and has seen unparalleled development and […]
Rental/leasing charges for industrial equipment supplied with operators dropping under HSN Codes: 84151090 would draw a 28% Goods and Service Tax, the Telangana Authority for Advance Ruling ( TAAR ) ruled. The petitioner Ventair Engineers, manufactures machinery and equipment and is in the business of manufacturing refrigerating or freezing equipment for industrial use. They furnish […]
There might have been chances when you came across instances of the Directorate General of GST Intelligence (DGGI), issuing notices and alleging tax evasion. You might have questioned yourself what this organization is all about. In what way does it operate? In what way does the same discover the instances of tax evasion? The operations […]
The show cause notice (SCN) asking for the GST on ocean freight on transportation of goods from outside India has been quashed by the Bombay High Court. On the Supreme Court decision in the case of Mohit Minerals and observed that the verdict applies to both free on board (FOB) and the sum of cost, […]
The Madras High Court in a ruling quashed the GST DRC-07 order which confirmed the taxpayer’s demand as the taxpayer losses to provide a separate balance sheet and profit and loss account for the Tamil Nadu Branch. The council does not acknowledge the reply of the applicant, the bench noted. The applicant, Tokyo Zairyo (India) […]
