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The Central Board of Indirect Taxes and Customs (CBIC) has reported different GST amendments in tax Law effective from January 1st, 2022. Below are the mentioned top 10 changes that you are urged to find out. Rectification in GST Inverted Duty Structure in Textiles Sector GST official has decided to initiate the amendments in the […]
The government has the power to furnish its recovery councils to your premises to obtain GST excluding any notice if your tax liability has been established in the necessary form is lower with respect to the invoices which is written in the outward supply form must bring. In the concerned GST framework, there are 2 […]
E-commerce operators (ECOs) such as Swiggy and Zomato shall be subjected to furnish 5% GST upon the restaurant services supplied from 1st January may be heckling with the generation of invoices on their own excluding the restaurants and third parties. In September 2021 it was circulated that the tax liability shall be on ECOs for […]
Telangana Industries Minister KT Rama Rao asked the Union government to refuse the proposed plan of GST hike from 5 to 12 per cent upon the garments and fabrics dated 1st Jan 2022. In the letter to Central textiles, Rama Rao mentioned that for the former 2 years the handloom sector passes through the tough […]
The GST council and government had released some of the best and exciting amendments and changes to bring forward the most required features to the GST applicability for the common people as well as organizations alike. Some GST amendments in compliance are late fee relaxation, lowering down of provisions doubts and more. You can check […]
The Karnataka Appellate Authority of Advance Ruling (AAAR) held on AAR ruling held that the ‘Landfill-pit is a civil-structure, not plant and machinery, no (ITC) is available. The petitioner is the owner of Mother Earth Environ Tech Pvt. and does the business of solid waste management. They furnish the services towards the treatment, storage, and […]
Bangalore Wholesale Cloth Merchant Association asked the central government to refuse the idea of a GST surge towards the garments and textile industries from 5% to 12%. The government from January 2022 has surged the GST on finished goods like garments, textiles, and footwear from 5 to 12 per cent. The traders formed an association […]
In the times of Diwali, the traders in the city of Indore are all being very happy due to their blockbuster sales on the Festival but the same happiness change into sadness among the traders as their businesses are drawn under the surge in the GST. Apart from an increase in GST rates imposed on […]
Policyholders do not have the major intention about the personal accident insurance covers. However, it is an essential cover for the majority of the people it is not being purchased normally. If in the union budget 2022 they mentioned that provide the tax deduction towards the premium furnished to buy the Personal accident insurance then […]
