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The Central Board of Indirect Taxes and Customs (CBIC) has exempted the interest rate towards the non-filing of GSTR 8 through some e-commerce operators beneath section 52 of the Central GST Act, 2017. Section 52 of the CGST Act, 2017 furnishes for the tax collected at the source via e-Commerce operator towards the taxable supplied […]
The Gujarat Authority of Advance Ruling (AAR) poses with Arun Richard and Atul Mehta who specified that 18% GST is subjected to pay on the car sale by the company post to using its business purposes. The petitioner, M/s. Dishman Carbogen Amcis Limited has brought a new car for Rs 80 lakhs dated 16-02-2018 for […]
Inside the indirect tax system, the GST began to remove the inefficiencies. The GST has been able to achieve some of its goals while there is much more yet to be done, particularly when it is being the question of the smaller business entities. This new system has thrown up prior to facing the challenges, […]
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 […]
The Gujarat Appellate Authority of Advance Ruling (AAAR) consisting of Seema Arora and Milind Torawane held that there should be no GST subjected to furnished on the occupational health check-up service by the hospital as it comes beneath the health care services. The appellant, M/s. Baroda Medicare Private Limited is running 3 multi-speciality hospitals under […]
The GSTN added a 6% tax rate in the item details section of all the tables of the form GSTR 1, excluding HSN table 12 on the GST portal. A new tax rate of 6% IGST or 3% CGST including 3% SGST has been made on specific goods vide Notification No. 02/2022 on 31st March […]
GST collection crosses Rs 1.40 lakh crore mark 4th time since the start of GST; 3rd month at a stretch since March 2022. Rs 1,40,885 cr is the total GST revenue collection in the month of May 2022 of which CGST is Rs 25,036 cr, SGST is ₹32,001 crore, IGST is ₹73,345 crore (along with […]
The blocking of input tax credit) under GST would be affecting businesses all over the state. As the city is the financial capital of the state, the majority of businessmen of the city would get impacted by it. In front of the state, GST commissioner Lokesh Jatav several CAs, and tax consultants asked to resolve […]
GST will turn five since its execution in India. The first half-decade of this platform is wrapped in the ups and downs with numerous hurdles. At the current time, India has seen revisions in the effective tax rate as well as rectified supply chain efficiencies. Tax compliance is seen on a technology-based monitoring system via […]
