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The Karnataka Authority of Advanced Ruling passed a ruling that 18% GST is liable to be paid on the selling and manufacturing of Automatic Weighing Machines The applicant, Wave Colour Techniques is indulged in the manufacturing and supply of machines to farmers and farmer’s cluster in the domain of Grapes and Raisin Processing namely Raisin […]
This phenomenon is a sensitive and burning issue in the GST since its inception and implementation in the year 2017 “Whether the recipient are required to reverse their Input Tax Credit (ITC) due to mismatch of 2A or due to non-submission of GSTR 1 or GSTR 3B by supplier” As per Section 16 (2)(c) of […]
The Maharashtra AAR on May 24 held that the activities of the liaison office of supplying services as an intermediary that connects Indian Business with Dubai Head Office falls within the purview of commercial activities and consequently subject to GST. The implications for the aforesaid ruling are that the above-mentioned entity shall have to register […]
Yet another setback to one of the Corporate Giant Coca-Cola, India who tries to play tricky games with tax authorities due to the influence they have in the society. The writ of Hindustan Coca-Cola Beverages Private Limited (HCCBPL), a subsidiary of Coca-Cola India that challenged the show-cause notice issued to it by GST authorities relating […]
The Tripura High Court passed a ruling that the GST shall be levied on the sale of rice even if the Brand name is not registered. Here in this case the petitioner is Messrs Sarvasiddhi Agrotech Pvt. Ltd. which is a registered company and is in the trade of the supply of rice in the […]
Owing to the second Covid-19, there has been a sharp slowdown in economic activity that has resulted in a fall in a one-year low of average daily e-way bills in the month of May. As per data released by Goods and Services Tax Network, 19.4 million e-way bills under GST have been generated on its […]
Every country expects that its native people “who reside abroad mostly” should invest in the domestic economy to boost the growth and development of the country. So is the case with India. India expects the injection of funds from Non-Resident Taxable Person (NRTP) Who is NRTP? In layman terms, An NRI that supplies goods and […]
This Judgment has once again put the question mark on the authority of Goods & Service Tax (GST) officials’.The Honourable Gujarat High Court has constricted the concerned GST Official and department for taking the law into their hands and likened it to dacoity. This constriction is with respect to a petition filed by an individual […]
GST revenues for March 2021, collected in April 2021, have shot up to a record high of Rs 1,41,384 crore —14% higher than that of the previous month even in the wake up of the second wave of the Corona pandemic. Thanks to GST’s foolproof mechanism that has led to a spurt in GST collection […]
