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The GST department has launched an investigation to determine the reasonability of the 100% refunds claimed by banks on GST paid on vendor services for ATMs.
According to the Authority for Advance Ruling (AAR) for GST in Maharashtra it is stated that the engineering, procurement and construction (EPC) activities are understood as ‘work contract’ and therefore liable to be taxed at 18 percent GST, and according to the ruling, it may hike the cost of setting up of solar plants.
The group of ministers under the Bihar deputy chief minister Sushil Kumar Modi led ministerial panel will be looking into incentivising the digital payments under goods and services tax on May 11.
In a recent decision taken by Maharashtra authority of advance ruling, it was announced that the business vehicles sold in scrap would attract GST no matter the age of the vehicle.
GST E Way Bill notifications are well around the internet as there are scheduled phases in which it is to be rolled out across the nation.
The Authority for Advance Ruling (AAR) has mandated International Passengers to pay GST on Goods purchased from shops within the Airports premises. Earlier the shops popularly known as Duty-Free shops were exempt from any form of tax.
The recent action of Supreme Court in regard sending notices to Ultratech Cement Ltd. for credit reversal is an indication of gazing on another manufacturer.
After the GST rollout, instead of elimination of cascading effects from prevailing indirect tax regime, the contractors have to pay GST two times.
Are you one of those employees who loves his or her office brunch? Well, then there is a bad news for you. No, we don’t mean that your office won’t be able to run canteen services but thanks to GST your sojourn with your colleagues in your office canteen got just a little expensive.
