Powerd By SAG INFOTECH
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Through the Finance Bill, 2023, the government is likely to make changes to the Goods and Services Tax (GST) law that will prevent businesses from receiving tax credits for the purchases of goods and services that they make on behalf of the community as part of their corporate social responsibility (CSR) obligations. According to two […]
It is essential for the registered individual to issue the tax invoice before or during the removal of goods for the supply of the recipient. To supply the services, the GST invoices could be provided prior to or post to the time of supply. Moreover, the e-invoicing system would have been executed within the phased […]
Scrutiny notifications and intimations have been circulated recently, suggesting that the department is requiring taxpayers to reverse the excess input tax credit claimed in Form GSTR 3B as compared to credits shown in GSTR 2A. How reliable are such communications? Is the taxpayer compelled by law to reverse such credits? We shall go over the […]
The Telangana Authority of Advance Ruling (AAR) ruled that an 18% GST would be levied to renting immovable property to an Educational Institution which was enrolled under section 12AA of the Income Tax Act 1961. The petitioner M/s. Bollu Siva Gopala Krishna asks for an advance ruling on the problem of whether the rental of […]
On the services that have been provided twice, the assessee does not compel to file the taxes, Rajasthan High Court ruled. The division bench of Justice Pankaj Mittal and Justice Subha Mehta stated that the applicant’s supply of manpower to the company in the state of Rajasthan is either an inter-state transaction as per CGST+RGST […]
There should be no GST levied on the scanning and processing of exam results, said Andhra Pradesh Authority for Advance Ruling recently, in an application filed before it. The mentioned ruling was incurred by the Authority of Advance Ruling when an application was furnished to it by M/s. Universal Print Systems, the petitioner held within […]
The most effective word in the world would be Free and the another closer would be Discount. Since people like to feel that they had saved money while doing a purchase of goods or claiming services at a discount and would go with a good deal. You too felt good when you bought the food […]
The main motive is to write this article to shortlist some basic and important GST questions with answers for businesses. These questions are very common and taxpayers might be stuck when working for GST compliance. Question 1: Does GST Apply to Education and Allied Services? Answer: A person runs a bus transport service in which […]
No GST shall be applicable to the government incentives provided to the banks for motivating the practice RuPay debit cards and low-value BHIM-UPI transactions, under the finance ministry. The cabinet ministry has authorized a Rs 2,600-crore incentive program for banks to facilitate RuPay debit cards and low-value BHIM-UPI transactions in the current year. “As recommended […]
