Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
The government is considering easing GST rules for the re-export of leased planes, in what would offer a major boost to airline financials hit hard by the covid-induced turbulence. The ministry of civil aviation and the finance ministry are studying a plan to ensure that carriers do not face any hardship from customs authorities from […]
The Madras High Court ruled that the GST council must discuss the causes towards blocking Input Tax Credit (ITC) to the assessee. The applicant is the owner of HEC India LLP urging the respondents to allow the applicant to debit a sum of Rs 47,30,457 through its electronic credit ledger displayed in the ledger. The […]
The Telangana Authority of Advance Ruling (AAR) specified that the GST is liable to pay on e-procurement services furnished to the Government. The petitioner, Telangana State Technology Services Limited (TSTSL) Telangana State Public Sector Undertaking and TSTSL is a Service Agency to the Telangana Government and its Departments relating to Information Technology as well as […]
Goods and Service Tax Network (GSTN) has opted the decision to improve the performance of the system and then provides relief to the assessee and council through the way of interest auto-computation facility, active EVC even for companies/LLPs, the search facility for advance ruling, and others. Towards the returns, the GSTR-3B/CMP-8/GSTR-5 automatic computation of interest, […]
The government declared that the same rate of goods and service tax (GST) will be liable to apply on the ice cream whether it is sold inside the restaurant or outside the same. 18% must be entitled to pay as a GST on ice creams despite when it is sold inside the restaurants. In the […]
The industry has asked that interest be paid on the inappropriate input tax credit, which was profited however not used under the goods and service tax (GST) administration, be returned. Meanwhile, in the recent meeting, the GST Council liberated these credits from interest rates from July 1, 2017, when GST was entered. Although, it did […]
The upcoming more meetings of the GST Council would take countries into new indirect tax governance convenient to the ambition of providing a clear tax system with the least exclusions and fewer rates. Sources working on the GST rate rational stated that a three-rate tax structure may become an actuality early next commercial later the […]
The FICCI is set for a conclave organization with the minister panel of 4 from south Indian states and would discuss the tax sharing formulae particularly related to the goods and services tax scheme along with some other issues of the GST in a conference. The conclave called ‘South India GST Conclave’ will be an […]
The Central Board of Indirect Taxes and Customs (CBIC) published the directions upon issuance of Show Cause Notices (SCNs) within the said time. A brief analysis to sought the trend for the event of GST evasion and fraudulent ITC claim registered along with the number of SCNs given with respect to the FY 2017-18 (w.e.f. […]
