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The Central Board of Indirect Taxes and Customs (CBIC) urged the field officers to assist in the revision of GST collections from October 2021 that poses the 2nd highest since the government has started the indirect tax rectification in 2017. The indirect tax council asked the senior councils to assist the field officers to ask […]
GST council asked the fast-food chain Subway for its franchisee chain in India, Punjab and Haryana high court to provide a final order held in favour of the fast-food chain that enables them to furnish the reply and make the submissions on law and advantages. The concern came to knowledge when the GST council summoned […]
The tough struggle upcoming for GST council for taking a reformative decision is that it can prepare for GST rate rationalization by the means of fitment community nominated by a GoM on the GST rate of rationalization to acknowledge the increase in the slab of 5% to 7% and 18% to 20%. “The group of […]
India can perform the essential improvisation of GST structure as it is turning five in the subsequent year of July, the compensation to states arrives at an end. The revamping of the tax slab and diminishing the exemptions can be acknowledged towards the single tax which was released on 1st July 2017. The latest regime […]
Land deals are exempted from goods and services tax (GST) as ruled by the Authority for Advance Rulings (AAR), Telangana except for the works contracts within the agreement of the buyer and seller. The work contract comes under the service contractor which might indeed consist of the supply of goods in the implementation of the […]
The Central Board of Indirect Taxes and Customs mentioned the rise in GST rate from 5 to 12 per cent on Fabrics, Apparel, and Footwear initiated from January 2022. The major thing under the urged rise is to rectify the issues of the inverted duty framework as being seen through the small textile value chain […]
Upon the purpose of how the tax council is applying data analytics and technology, as focused from the rules that have been provided towards the investigation of GST returns in Kerala. Commissioner of the state GST has ordered to the tax council the risks involved and the hardships along with the process that was explained. […]
Directing towards the current “legal and regulatory framework” concerned to ship leasing and financing exercises in India is “less favourable” with respect to the hubs all over the world like Panama, Dubai and Singapore, a statement tendered to the International Financial Services Centres Authority (IFSCA) at GIFT City has suggested the revision in the GST […]
GST council has initiated to provide the notices to various firms post revealing the mismatch in the tax credits when verified deeply via analytics tools made in the GSTN software. The tax department’s analytics department has seen these differences inside the returns furnished through the firms. The GST platform permits the firms to set off […]
