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Search results for: GST impact

Assocham Seeks Industrial Fuel Under GST

Assocham: Govt Should Consider CNG & LPG Under GST for Low-Cost Production

Gandhinagar, Oct 14 (PTI) Assocham seeks from the center to draw industrial use CNG and LPG beneath the compliance of GST so as to make the cost of production low. As these natural gases which are practised as fuel in various industries do not cover beneath GST at the current times, the entrepreneurs shall not […]

Orissa HC Rule for GST Deposits by Cash Ledger

Orissa HC Favors Cash Ledger for Depositing GST Dispute Appeals

The Orissa high court has notified that deposits needed to be proffered for appealing in a debate under the goods and services tax (GST) has to be refunded via cash ledger only. Professionals say that this could influence that business that has massive input tax credit sprawling unused. The order was notified in a case […]

WB AAR Order for Supply of Piped Cooking Gas

WB AAR Defines Cooking Gas Via PIPE As GST Composite Supply

West Bengal’s Authority for Advance Rulings (WBAAR) specified that the supply of the cooking gas via pipelines from the gas banks to the residential place shall be the supply of the services and to be provided within the facility and management services AAR has specified it a name as the composite supply beneath GST in […]

GST Refund on Interest Paid for Ineligible ITC

Industry Seeks GST Refund on Interest Paid for Blocked/ Ineligible ITC

The industry has asked that interest be paid on the inappropriate input tax credit, which was profited however not used under the goods and service tax (GST) administration, be returned. Meanwhile, in the recent meeting, the GST Council liberated these credits from interest rates from July 1, 2017, when GST was entered. Although, it did […]

Problems of GST Amnesty Scheme

Issues of GST Amnesty Scheme As Per Section 16(4) for Taxpayers

GST law supports the free flow of the input credit. It is used to permit tax-free transactions and removes the rollover effects. Amnesty is directed towards forgiving the crime or the act of forgiveness for the previous offences. From the compliance of the old dictionary, Amnesty means “a fixed period of time during which people […]

18 Percent GST Rate for Other Charges

Maharashtra AAR: 18% GST on Other Charges Received by Builder

The GST-Authority for Advance Rulings (AAR) provided the ruling for Puranik builders which seems to influence the builders as well as buyers as it raises the price. The AAR urged that the other charges obtained through the builder beneath the sale agreement shall not be composite supply and needs to be levied GST at 18%. […]

How to Reply GSTR 3B and 2A Mismatch Notice?

How to Respond GST Notice for GSTR 3B & GSTR 2A Mismatch?

Even after 4 years of GST implementation and over a thousand notifications and circulars, we are still facing a lot of problems in GST on-site maintenance or in the department’s working. Due to the issues and continuous changes many times, businesses and professionals face a lot of problems. This is unfortunate to say that even […]

GST Exemption for Hostel Rent

MH AAR: GST Exemption for Hostel Rent of up to INR 1k Per Day

The Maharashtra Authority of Advance Ruling (AAR) ruled that Goods and Service Tax (GST) is privileged on Hostel Rent of less than Rs. 1000 per day for one Student. The applicant is the owner of M/s. Ghodawat Eduserve LLP used to furnish commercial training and coaching services to his students who appear for the 11th […]

Delhi Medical Oxygen Production Promotion Policy 2021

Delhi Govt Allows Full GST Reimbursement Under Oxygen Production Promotion Policy 2021

Recently the Delhi government promoted the Medical Oxygen Production Promotion Policy 2021 and said that they will be offering 100% reimbursement of GST which would, in turn, increase oxygen production. This promotion would help new enterprises to manufacture the oxygen or expand the current running oxygen suppliers to create a healthy stock of oxygen in […]

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