Powerd By SAG INFOTECH
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The government used to provide the notifications for the information to furnish the yearly return in Form GSTR-9 and the settlement statement in Form GSTR-9C for FY 2020-21. So as to diminish the burden on the small assessee the government on 30/07/2021 has provided Central Tax GST Notification No. 29/2021, 30/2021 and 31/2021. From these […]
The charge of the Jammu and Kashmir Union Territory reveals that the policy for the concession of the state goods and services tax (SGST) for implementing agencies who are engaged in the development of the power projects for over 3000 megawatts (MWs) in Chenab valley. The finance department of Jammu and Kashmir UT has held […]
The Andhra Pradesh Authority of Advance Ruling (AAR) directed that 18% Goods and Service Tax (GST) is payable on Drinking water supply by movable tankers. The petitioner M/s. Vijayavahini Charitable Foundation (VCF) looks to support and aids charitable activities towards the poor in the medical relief region, education, health, vocation, livelihood, etc. beneath section 12A […]
Rajasthan high court held that GST should not be liable upon meter charges and the additional charges charged through Jaipur Vidyut Vitran Nigam Limited (JVVNL). “The Rajasthan high court at Jaipur in the concern of Jaipur Vidyut Vitran Nigam Limited vs. UO I & Ors. has canceled para 4(1) of Circular dated 01/03/2018 which clarified […]
Real estate is a never-ending option for investment and thousands of people every year invest in residential properties for a good return. Earlier in the pre GST period, there were multiple taxes applicable such as stamp duty, VAT, service tax, registration charges and that too with different rates for different states every time. However after […]
For M/s. goodwill auto’s [Advance Ruling No. KAR ADRG 44/2021 concluded on July 30, 2021], M/s. Goodwill Auto’s (Applicant) seeks the advance ruling the GST subject to that upon the cost of the diesel incurred in the form of the reimbursements for running the diesel generator (DG) which is mentioned for the furnishing of the […]
The Karnataka Authority of the Advanced Ruling passed a decree that vouchers shall also carry a levy of 18% GST. The reason being, they are subject to section 12(5) of the CGST Act 2017. Here, in this case, the applicant Messrs Premier Sales Promotion Private Limited is indulged in the trade of providing marketing services. […]
Interestingly the name itself Inverted Duty Refund as per GST is synonymous with its meaning. Long story short, the Inverted Duty structure is a mechanism wherein the rate of the tax on the inputs is greater than the rate of the tax on the output supplies. Consequently, in the aforesaid cases. The input tax credit […]
Discipline matters a lot in tax-related issues also. If you are late you have to bear the cost in the form of a penalty. And all possible discrepancies and escalations along with consequent fines are mentioned in the various provisions section 47 and section 50 of the CGST Act 2017. However, recently, the government has […]
