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For starters, Advance Ruling under GST is written decisions/clarifications issued by tax authorities against requests from individuals or businesses on specific doubts over proposed or already undertaken supply of goods/services.
The CBIC has extended the due dates for Kerala taxpayers in the conditions of severe floods and disruptions. Also, The authorities have extended the GST return filing due dates in the Mahe (Puducherry) and Kodagu (Karnataka).
The Government has clarified that necessary items part of baby bags will be levied 18% GST. This comes after a few manufacturers had sought to pass wet baby wipes under a different GST code as non-woven textile material.
The Indian government has provided a search tool for finding out the business details by the means of GST number to bring transparency between shopkeeper and customers. People must use this tool while GST number search to find out the registration type of business.
In the metropolitan cities, Private Schools have bypassed government schools to become the first choice of parents when it comes to their child’s education over the last couple of years.
The National Anti-Profiteering Authority (NAA) has recently written to IndiGo and Airtel, both of which are market leaders in their respective industries, asking details of the GST input tax credit benefits occurred to the businesses of these entities and whether these benefits have created possibilities for a price reduction to end-consumers.
The multinational companies have cleared the reason for not passing the GST benefits to the consumers and the reason itself is not eligible for any approval.
The much-awaited Goods and Services Tax Appellate Tribunal (GST-AT) has been given approval from the GST Council. The GST-AT will be set up in the form of a higher judicial forum which is going to look into the redressal disputes of businesses under the new Goods and Services Tax regime.
In a recent uncovering of GST evasion, the noted Ramdev’s Patanjali Ayurved is under the scanner for not letting the GST rate reduction benefits to the consumers across the country.
