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The Apex court admitted that the petition furnished by the GST department with respect to the order of the Odisha High court in which the High court ruled that ITC would be available for the paid GST during the construction of the immovable property for the purpose of rent. The applicant, M/s Safari Retreats Pvt […]
The Goods and Services Tax wing of the Central Board of Indirect Taxes and Customs (CBIC) performs investigations with respect to various insurance companies. There are different life and non-life insurers to whom the tax authorities have taken out the search operations. From the source, it has been revealed that the tax investigations were the […]
Under Section 195 of the Income-tax Act, 1961 (ITA), when you have bought the property from a non-resident Indian (NRI) then you are required to deduct tax (TDS). The tax should be deducted while performing any payment to NRI for buying the property. The same would indeed get applied for the case when the advance […]
The government has made a decision to make the scrapping of the IGST on ocean freight and the same proposal is under consideration for the GST council in the next meeting. The particular decision is made to consider the supreme court order on the scrapping of IGST on ocean freights. This has made a sigh […]
Taking the decision to stop the GST theft, the Kerala government will incorporate a mobile application in which people would enable to upload the original bills and could have the chance to win prizes. Through the help of the Lucky bill mobile app, the state government seeks to raise the collection of taxes since people […]
Because of the recent increase in the GST rate on some daily essentials everyday marketing would see a shift. The rise in the price seen in some items is labelled food items, packaged food items weighing up to 25 Kg per pack, or retail packs. Before the revision of GST rate was exempted, currently, a […]
To restrict the fake ITC claim and tax evasion, the CBIC would reveal nearly 40,000 GST returns for 2018-19 relying on the risk parameters for the scrutiny. The same shall be the 2nd batch of GST returns that will be liable for investigation post to CBIC has shown 35000 GST Identification Number (GSTINs) (allocated to […]
The government stated that there is no Goods and Services Tax (GST) on the funeral, burial, crematorium, or mortuary services. The press Information Bureau (PIB) articulated that the social media post which claims to affect there would be the GST on these services was guiding negatively. But, for the works contract or the issued contracts […]
There will soon be a rise in the bill of the patient, with the GST council deciding to impose a 12% GST upon the service of collection of biomedical waste through these hospitals. The same tax load would be passed on to the patients by the hospitals. GST council will withdraw the exemptions on the […]
