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GST, Tamil Nadu state department has allotted a circular to permit updated registration to monitor and prevent bill traders. In the case of preventing the bill traders while permitting the new enrollments beneath GST, the Tamil Nadu Government as the portion of taking the precise corrective actions, authorizing the Jurisdictional Proper Officers viz., AC, STOs, […]
Rent or leave and license fees to obtain via the owner of a residential flat, despite when these flats are let out to the corporate entities towards the user via the news employees shall not be levied with GST. the same ruling was being given by the Authority for Advance Rulings (AAR), Maharashtra. Residential flats […]
The finance ministry is been working on the process to solve the GST issues which the states raise during preventing the discrepancies in the tax regime. The process would be discussed with the states during the subsequent 47th GST council meet which is expected to be held in June. The plan consists of an issues […]
An empowered group of ministers (GoM) seeing towards rationalizing the rate might be asked for reducing GST exemptions on the specific goods and services and rectifying the inverted duty framework in the subsequent 47th GST council meeting. The ministerial panel might be conducted before the council meeting and might postpone its rate rejig concern till […]
The West Bengal Authority for Advance Ruling ( AAR ) ruled that transfer of the going concern service is a supply and draws NIL GST. The applicant, Cosmic Ferro Alloys Limited is engaged in the making of Ferroalloys and cold-rolled formed sections in its two units. The applicant’s poses to sell one of its units […]
In a provision that increases the space of small companies via e-commerce, small online sellers might be privileged from GST enrollment and the discussion is amid the union and state governments on the same subject. “Tax experts specified that Representations have come from the industry and trade to bring parity between online and offline sellers […]
The National Anti-profiteering Authority (NAA) seems to integrate with the competition commission of India (CCI) as the tenure of the GST authority is expired going near to 400 cases of dues prior to it dealt with the customer complaints about not obtaining the tax cut advantages. The same shall arise by year-end and all the […]
The Central Board of Indirect Taxes and Customs (CBIC) would ensure that the rising number of GST audits has the purpose to rectify the quality of GST returns furnished does not load on the businesses. Audit of the books of accounts and the other major documents of the businesses beneath GST law has gained speed, […]
The government and the Insolvency & Bankruptcy Board of India (IBBI) have provided a process to share the information on the companies that suffer the insolvency action as the customs and the GST wings are missing the last date to furnish the claims, which results in extended laws. The suppliers to the companies, customs, and […]
