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Good and services tax (GST) collections in August surged to 10% from the same period of the previous year to Rs 1,74,962 crore, according to the government’s official statement. The same rise was noted in all categories- Central GST (CGST), State GST (SGST), Integrated GST (IGST), and cess. In the previous year, the gross GST […]
The Ministry of Finance is anticipated to issue a circular for the much-expected GST Amnesty Scheme, which was suggested in the Budget 2024, sources said. The motive of the scheme is to furnish relief to the assesses by exempting the interest and penalties as per the specified conditions for the tax matters that emerged between […]
The Maharashtra Authority for Advance Ruling (AAR) in an order ruled that the work that has been completed as a part of the Jal Jeevan Mission conducted by the Government of India (GoI) before the year 2022 is to be waived from Goods and Service Tax (GST). The petitioner Geospatial Studios LLP is a partnership […]
It has been mentioned by the Tamil Nadu Authority for Advance Ruling (AAR) that health insurance services furnished via United India Insurance Company Limited to the Tamil Nadu State Government (TNSG) are waived from Goods and Services Tax (GST) under S.No.40 of Notification No.12/2017 Central Tax (Rate). It was quoted under the decision that reinsurance […]
The assessment orders have been quashed by the Kerala HC and remanded the case back on the condition of remitting Rs 10 lakhs for the GST obligations. It was remarked by the bench of Justice Gopinath P. that the registration of the applicant was cancelled in December 2021 and the applicant has also discontinued the […]
Gujarat has found a staggering Rs 52,394 crore in GST evasion since the start of the Goods and Services Tax (GST) in 2017. In the Parliament the union finance ministry has shown the data, it is from the duration 2017 to June 2024. Issues continued to be faced by the state and central GST departments […]
The petitioner Metropolitan Transport Corporation Limited is a Government of Tamil Nadu operating the business of providing passenger transportation services. As per the Goods and Services Tax Laws, this primary business activity of the petitioner falls under the exempted category. The petitioner furnished a copy of the challan on 12-02-2024 proofing the payment of application […]
The supply of Residential Flat Construction services involves the Transfer of Undivided Shares of Land can draw an 8% Goods and Services Tax, ruled by the Chennai Authority for Advance Ruling. A copy of the challan on 22.04.2023 has been furnished by the petitioner for the application fee payment of Rs 5000 under Rules of […]
Indian businesses are facing difficulties in complying with GST, particularly concerning self-invoicing and the reverse charge mechanism (RCM) for services obtained from overseas companies. To address such concerns the government via issuing circulars is taking measures but the speed of such development is not dynamic. Infosys has obtained partial relief from the demands raised by […]
