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Regarding an application filed by the application, the Maharashtra Authority of Advance Ruling (AAR) stated that “Goods and Service Tax (GST) given by any co-operative housing society toward the maintenance charges, which is paid by its members are not eligible to claim the Input Tax Credit (ITC) in the case of replacement of existing elevator […]
The Maharashtra Authority of Advance Ruling (AAR) received the application from the manufacturer of the transformers that were supplied to Indian Railways stating that the transformers are included under HSN‘8504’ and Sr. No. 371 of Schedule III of the notification 1/2017, that invited the levy of Goods and Service Tax (GST) at 18%. The applicant […]
The government is turning over its mind towards the proposal of corporatizing the Ordnance Factory Board (OFB) and reviewing the goods and services tax (GST) on the products offered by the organization. Implementation of higher GST rates As per the recent update, The central government is planning to do changes in the slabs of Goods […]
Courier companies are seeking relief from Goods and Services Tax Rule 138E that barricades them from generating the e-way bill. Under the end-to-end logistics model, the courier companies like DHL, FedEx and UPS face extreme pressure due to the Rule 138E as these companies receive the goods passed from customs for those who place the […]
The administration currently decided to reset Goods and Service Tax collection targets. The current targets set by the government are Rs. 1.15 lakh crore for February and Rs. 1.25 Lakh crore for March, which are higher than the GST collections of December The government finally crossed the 1 lakh crore mark of GST revenue from […]
The current ruling needs to stress the misfortune caused to India due to world politics. For instance, chaos in West Asia or any other oil fertile nation of the world will directly affect the oil supply in the consuming nations like India, leaving the country depressed with the burden of oil requirements for its natives. […]
Government is pressing pedals for making ever-stringent laws against fraudulent claims, making bogus claims for input tax credit a non-bailable offence at the end of recipients of goods and services is one such step which is going to be introduced in the February 1 budget, that would occlude revenue leakages. Proposals have been made to […]
High Court set foot in the conclusion made by the Kerala based Authority for Advance Ruling (AAR) to weed away the argumentative confusions related to composite supply under the GST regime. Experts assume that the ruling will become guidelines to conclude the cases associated with composite litigation. The case is related to Abbott HealthCare which […]
Businesses are preparing their systems for the commencement of petrol GST e-invoicing. Amidst the resonance of e-invoicing all over the nation, a specific relaxation to e-commerce companies could be seen. The giant e-commerce hubs such as Amazon and Flipkart might get the grant to upload e-invoices on behalf of their registered suppliers under Goods and […]
