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The Authority of Advance Ruling (AAR), Madhya Pradesh, has held that the services of fabrication of the body on chassis of a vehicle as provided by the customer, will attract 18% GST (Goods and Services Tax). The ruling was provided by the AAR amid an issue raised by the applicant, M/s VE Commercial Vehicle Limited, […]
A ruling has been passed by the Appellate Authority of Advance Ruling (AAAR), West Bengal and it states that the fusible interlining cloth can’t be considered as a woven fabric thus it will attract 12% GST Rates Grab the information of revised GST slab rates on consumer products in India, Although GST council finalized the […]
The AAR Tamilnadu, ruled that only the transactions related to distribution and transactions of the power utilities sector will be exempt from Goods and Services Tax (GST) Check out the latest official updates under GST (Goods and Services Tax) by the CBIC department. Also, we include notifications & circulars/orders regularly. Read more. All the other […]
The collection of Goods and Services Tax (GST) for June 2020 has seen a downfall as compared to that in June 2019. The GST collected for June, amounted to ₹ 90,917 crore (CGST- ₹ 18,980 crore SGST- ₹ 23,970 crore IGST- ₹ 40,302 crore Cess- ₹ 7,665 crore)the departments have already settled ₹ 13,325 crore […]
The Authority of Advance Ruling (AAR), Gujarat has ruled that all the medical stores, that are providing the medicines at lower rates, amount to the supply of Goods and all the medical stores, run by any charitable trust, are required to get them registered under the Goods and Services Act 2017. The ruling was provided […]
The Authority of Advance Ruling (AAR), Gujarat, has ruled that GST (Goods and Services Tax) will apply to the sales of developed land sold as plots by any real state developer on which basic amenities like electricity, drainage and waterline are provided. The authority has also said that such transactions, including the sale of developed […]
Due to ongoing Coronavirus pandemic situations across the globe, almost all the countries are going through a very rough phase. The global economic recession has brought every country to their knees and made them think about an urgent economic revival strategy. Here in India, prime minister Shri Narendra Modi has come up with a much […]
The collection of advance tax has seen a massive decline resulting in more than 30% reduction in the Gross Tax Collections. The dip shows that the businesses have been impacted very harshly by the coronavirus lockdown. All the companies and other “big” assesses are required to pay an advance tax On June 15th, 2020, the […]
The officials are pressurizing the government to rework the Goods and Services Tax (GST) slabs and increase the rates of GST. The officials have also been suggesting that the government should correct the inverted duty structure on fertilizers, footwear, and garments as there are signs of high economic activity in the sectors. The suggestions were […]
