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Hoteliers, for stand-alone restaurants, have requested the government to reduce the hiked Goods and Services Tax (GST) on commercial liquefied petroleum gas (LPG) cylinders, otherwise, it would lead to an unwanted hike in the prices of food items. Recalling history in a hurry, Between December last year(2020) and March(2021) this year, the price of a […]
CBIC said to the field officer to do prudence as well as maximum caution in attaching the assessee’s property and directed that these are the precautions that are to be acknowledged for GST evasion. Bogus invoicing and lateness of more than 3 months in depositing the tax received. Through some regulations, the CBIC had come […]
The tax council was checking out the country’s biggest Pvt hospital to find that they have to file the GST on food provided to get admitted the patients. As per the present guidelines GST will not be applied towards any service which is given by the hospitals except they are concerned with cosmetics, including cosmetic […]
India is said to induce natural gas in the goods and services tax (GST) regime to mark prices lower and uniform all over the country, commented PM Narendra Modi. “We are committed to bringing natural gas under the GST regime; I want to tell the world come invest in India’s energy sector,” he commented. He […]
At present time, GST at 5% applicable on Rice bran (before oil extraction) and crude rice bran oil but de-oiled rice bran oil are out of the GST radar. However, now the Department of Food and Public Distribution is suggesting North Block to levy GST at 5% on de-oiled rice bran (DORB). As per a […]
India’s biggest banker State Bank of India (SBI) to impose a levy on those people whose ATM transactions have failed because of not enough balance. A transaction that does not succeed because of insufficient funds in the account of the customer to furnish an additional value as a penalty. There are choices such as missed […]
The Tax Professionals Body Bhartiya Vitta Salahakar Samiti (BVSS) said in the media to the government to not remove the procurement of “GST Audit by audit professionals” that is Chartered Accountants (CAs) and Cost and Management Accountants (CMAs). The Society during showing the plan of the decision of the government stated that the grounds of […]
There is no intention of the tourism industry to seek help for the reduction in the goods and service tax towards the hotel rooms to 12%, stated by the Union Tourism Minister. The minister knew from the tax imposed on several tourism products as well as services which consist of hotels because this will affect […]
The importance of the general state of health care scheme and programs along with the overall medical infrastructure across the country which came to realize is in the year 2020. All across the world several research and development for the field of medicine and medical equipment have been put down for testing. It is not […]
