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Did you not confident about the complicated laws? Finance concerns and related things are just hard to record at the fingertips as there are so many external things that are engaged in it. This article is related to the subject of GST. You would simply compute the GST in our country. What Do You Mean […]
Some of the passive incomes are said to be the income from Youtube, blogging, money from sharing video apps, and others. The same is essential to note the tax treatment from both the income tax and the GST point of view in India. The taxability of GST on YouTube and blogging income-earning shall be discussed […]
The Central Board of Indirect Taxes and Customs (CBIC) provided the amended rules for the National Risk Management Committee (“NRMC”)/Local Risk Management Committee (“LRMC”) for effective implementation of the Risk Management System in Customs and GST. As per the formation of the Directorate General of Analytics and Risk Management (DGARM), the Directorate sees forwards the […]
The Telangana Authority of Advance Ruling (AAR) has the members B. Raghu Kiran and S.V. Kasi Visweswara Rao have headed that IGST paid on imports is qualified to be claimed as an ITC towards intra-state and inter-state sales. The applicant, M/s. Euroflex Transmissions (India) Private Limited wants to furnish the imported goods from the port […]
The Bombay High Court permitting the assessee to correct Form TRAN-1, rendered the department to acknowledge the problem of whether Form TRAN-1 and other forms that will be furnished or corrected by the applicant would be entertained as per the provisions of section 140 of the Central Goods and Services Tax Act, 2017 and Rule […]
Telangana State Authority for Advance Ruling (AAR) said that the liquidated damages and penalties obtained via the petitioner because of the breach of the conditions of the contract from the contractor are subjected to tax beneath the CGST and the SGST acts. The petitioner, M/s. the Singareni Collieries ltd asks for penalties, and the liquidated […]
Industry associations IndiaTech.org, ADIF, and Nasscom have advised the government to reduce the GST compliance load on the small online sellers. They mentioned that various micro, small and medium enterprises (MSMEs) have fear concerning the transition to the online marketplace because of cumbersome tax compliances beneath the GST law. It opposes the MSMEs from approaching […]
The Jharkhand High Court bench has recently cancelled a Form GST DRC-07 summary notice issued by the GST department for not being issued in compliance with the law. The petition was filed in response to a CBIC notice dated 10.02.2020, which says that interest paid on late payment of taxes is recoverable under Section 79 […]
The Delhi High court has refused the order to revoke the GST enrollment of the assessee on the basis of the show cause notice was not intimated to the latter. The applicant, FADA Trading Private Limited specified that the show cause notice provides no information. Justice Rajiv Shakdher and Justice Poonam A. Bamba gives a […]
