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5 Percent GST Rate to be Charged on Poha Bran and Fried Gram

5% GST Rate to be Charged on Poha Bran & Fried Gram: Karnataka AAR

The Authority of Advance Ruling (AAR), Karnataka, ruled that 5% GST will be charged on the Poha Bran & Fried Gram, 2.5% State Goods and Services Tax & 2.5% Central Goods and Services Tax on each of the items. However, if the fried gram is not branded, then it will be exempted from both kinds […]

Extra 12.5 Percent to Taking Bills Without Delivery of Goods

CIT’s Decision for Extra 12.5% of Taking Bills Without Delivery of Goods: ITAT

The Income Tax Appellate Tribunal (ITAT) has seconded the decision of the Commissioner of Income Tax (CIT) about an additional 12.5% for taking the bills without any delivery of the goods. Vijay B Shah, the Karta of a Hindu Undivided Family (HUF), indulges in a business of trading of iron and steel. The assessing officer […]

10 Percentage Share in Gross GST Revenue to Dealers

10% Share in Total GST Revenue Than the Freebies to Dealers: Chamber of Chd Industries

The Chamber of Chandigarh Industries on Wednesday sent a written recommendation to Trade and Industry Administration, Chandigarh in general and MSMEs, in particular, stressing on extending 10% share in the gross revenue collection to dealers, businesses rather than giving freebies (relaxations) to the taxpayers, amid the corona crises. The statement also included the extension of […]

April & May GST Collection Decreased

April & May GST Collection Decreased Considerably Due to COVID-19

In India, the COVID-19 pandemic has adversely affected the Goods and Service Tax collection. GST collection for the month of March and April have considerably fallen along with the decrease in the number of electronic permits and GST e-way bill generation Know the details on blocking and unblocking e-way bill feature for non-filers of GST […]

Delivery Challan Under GST

Delivery Challan Under GST with Format and Issuing Method

Meaning of Delivery Challan Under GST Delivery challan is also known as a delivery slip or a dispatch challan. It is an important document created for the transportation of goods from one place to another which may or may not result in sales. Delivery challan under GST is sent along with the goods and it […]

CAs Can't Mention Fees or Free of Charge in Ads

ICAI: Chartered Accountants Can’t Mention Fees or Free of Charge in Ads

The Institute of Chartered Accountants of India (ICAI) has prohibited the Chartered Accountants to quote any kind of fee details or ‘Free of Charge’ in any kind of advertisement of the services published by them. The Institute of Chartered Accountants Get the details of top 10 chartered accountant coaching centers that are located in India. […]

5% Rebate on Property Tax in Bangalore

Due Date Extended for Availing a 5% Rebate on Property Tax in Bangalore

The constant demand from the public has made BBMP extend the deadlines for availing a 5% rebate on property tax from earlier April 30 to current May 31, 2020. New due dates were announced nearly a month after the Directorate of Municipal Administration gave a similar extension to all the urban local bodies, excluding the […]

CBDT Defers GST, GAAR Reporting

CBDT: Companies Immune to GST & GAAR Audit Reports Till Mar 2021

The Income Tax Department once again postponed the requirement for the companies to give the details of GST and GAAR in their audit reports. The department has deferred the compliance until 31 March 2021 which means until the said date all the GST registered companies Get to know the complete GST registration procedure online on […]

GST & Custom Duty - INR 10,000+ Cr Refunded

More Than INR 10,000 Crores Refunded Under GST & Custom Duty

The Central Board of Indirect Taxes and Customs (CBIC) has refunded a total of more than Rs. 10,700 crores as refund under the Goods and Services Tax (GST) and Customs. The refund amounts for the period from 8th April 2020 to 23rd April 2020. The CBIC has done a marvellous job in refunding the claims […]

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