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Search results for: Goods and Services Tax

Transitional Credit Under GST is Mandatory

Madras HC has Held that Time Limit Under GST Transactional Credit, Mandatory

The High Court of Madras has held that the time limit under GST Transactional Credit is not a directory but mandatory. This ruling is the opposite of that issued by Bombay HC, which the Supreme Court has ut under stay. Transactional credit is the credit collected from central excise and service tax (the older indirect […]

Service Notice Under GST and IT Act

All About Service of Notice Under GST Regime & Income Tax Act

When a person reaches court seeking a legally required court order in a notice against another party or parties that may affect them and also deliver the same notice to other parties in a permitted way then the complete process is known as service of notice under GST (Goods and Services Tax) . A court […]

Supply of Goods on Behalf of a Registered Person

Interstate Trade to Include Goods Supplied on behalf of a Registered Person from Another State to a Place in the Home

The Authority of Advance Ruling (AAR), Goa, has held that all kinds of supply of goods or services Get to know GST provisions and rules on the free supply of goods. Also, we have included rules regarding ITC reversal on free supplies of goods and services made on the behalf of a registered person from […]

Atmanirbhar Scheme for SMBs

Only One-Third of Small and Medium Businesses to Use Atmanirbhar Scheme

According to the research conducted by Kantar. A market research firm, only one-third of the Small and Medium Businesses (SMBs) are willing to use at least one benefit under the new Aatmnirbhar Scheme (Self-Reliant Scheme) launched by the Prime Minister of India, Narendra Modi. The survey found that these SMB owners were more interested in […]

No GST on Security Services and Manpower to Govt

NIL GST on Security Services & Manpower Supplied to Govt Authorities: AAR

The Authority of Advance Ruling (AAR), Gujarat, has ruled that any corporate providing security services and/or supplying manpower to the Central, State or Local Governments or any other government authority is eligible to claim an exemption of GST (Goods and Services Tax) for providing such services if the authority over the services are provided to […]

GST Liable on Foreign Dealings

GST Liable on Foreign Dealings of Goods: AAR Gujarat

The Authority for Advance Ruling (AAR), Gujarat said that any Indian company, which is purchasing the goods from one country and selling it to another, is liable to pay GST (Goods and Services Tax) for such transaction even if such goods do not enter the territory of the Indian sub-continent.  Under the application filed by […]

Vocal for Local Campaign for SAG Infotech

Vocal for Local: Choose SAG Infotech for Best Indian Tax & GST Software

Due to ongoing Coronavirus pandemic situations across the globe, almost all the countries are going through a very rough phase. The global economic recession has brought every country to their knees and made them think about an urgent economic revival strategy. Here in India, prime minister Shri Narendra Modi has come up with a much […]

Officials Favor Increasing GST Rates

Govt. Tax Officials in Favor of Increasing GST Impositions

The officials are pressurizing the government to rework the Goods and Services Tax (GST) slabs and increase the rates of GST. The officials have also been suggesting that the government should correct the inverted duty structure on fertilizers, footwear, and garments as there are signs of high economic activity in the sectors. The suggestions were […]

CICU - Release Pending VAT & GST Refunds

CICU Urged Punjab Tax dept to Release Pending VAT & GST Refunds ASAP

The CICU stands for Chamber of Industrial and Commercial Undertakings, it is registered as a non-profit making society, and it represents Industry & Trade Sectors of the Punjab State since 1968. As per the recent events, the CICU reflected its disappointment to the Punjab state tax department for its inability to release the pending VAT […]

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