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Chhattisgarh Housing Board services were recently ruled ineligible for Goods and Service Tax at a zero rate, Chhattisgarh Authority for Advance Ruling (AAR) stated. Call Me Services, the applicant, offers auxiliary services for businesses as well as contract staffing, security guards, and manpower supplies. The applicant has been given a contract by the Chhattisgarh Housing […]
The Central Board of Indirect Taxes and Customs (CBIC) issued notice to the revised Goods and Services Tax (GST) rates and Customs duties as per the recommendations of the GST Council Meeting (Read Key Highlights). The revision notification revises the GST rate of Rab, other than pre-packaged and labelled (Liquid Jaggery), “Jaggery of all types […]
The GST Network (GSTN) announced a new GST portal option on February 25, 2023, allowing all Goods Transport Agencies (GTA) to choose to pay GST on a forward charge. The revision follows the CGST rate announcement number 3/2022, which was published on July 13, 2022, the previous year. In addition to the reverse charge option, […]
Under the Indian GST Act, assessment is a crucial step in the process. It deals with confirming and figuring out a taxpayer’s tax liability. The GST authorities perform assessments under the GST to make sure that taxpayers are adhering to the Act’s requirements and paying the right amount of tax. Self-assessment is used in the […]
On Saturday, the J&K Finance Department issued an order requiring contractors to verify the validity of their GSTINs and GST-3B returns before receiving any contracts or payments. This may be done via the Peridot App, which is accessible on the Play Store, or by contacting the State Taxation Department. The commercial entities that register for […]
Tax deducted at Source (TDS) and Tax Collected at Source (TCS) are the most popular methods of tax collection. To guarantee correct adherence to the tax regulations, it is crucial to recognise the difference between TDS and TCS under the Income Tax Act 1961, since these are some big ones. Let’s get into it in […]
The Punjab and Haryana High Court declared that Chartered Accountants (CAs) or Attorneys who support businesses but aren’t engaged in the bogus latter commits shouldn’t be detained. In a case where a chartered accountant and an attorney for a firm of exporters were called in and detained, the court issued this decision. They had petitioned […]
A person who is registered as a composition taxpayer cannot generate taxable invoices, collect GST from consumers, or claim ITC on purchases, according to the Central Board of Indirect Taxes and Customs (CBIC). The explanation came in response to a popular video showing a restaurant tricking patrons even though it was a composition taxpayer under […]
The business warns that the requirement to pay GST, or the goods and services tax, of 18%, on the services of transporting products, might cause cash flow problems at a time when exports are falling. This is in response to a GST Council that suggests that the location of the service recipient should be used […]
