Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
A 5% GST on pre-packaged and labelled jaggery is to be levied, Karnataka Authority of Advance Ruling (AAR) mentioned. The two-judge bench of M.P. Ravi Prasad and Kiran Reddy T. uncovered, all sorts of jaggery, pre-packaged and labelled, are covered by S. No. 91A of GST Notification No. 1/2017 Central Tax (Rate) dated June 28, […]
Extracts from the GST-related amendments that were included in the Finance Bill for 2023 (Budget 2023-24), which Union Minister of Finance Mrs Nirmala Sitharaman submitted to the Loksabha on February 01, 2023. Except for those in clause 142, modifications proposed in the Finance Bill, 2023 will go into effect on the date they are announced, […]
Finance Bill 2019-20 revises the Central Goods and Services Tax (CGST) Act with retrospective effect by inserting a new proviso in section 50(1) to compute the interest on late GST payments. Due to this amendment, there is now an arbitrary and illegal distinction between the balance in the electronic credit register (ECrR) due on cash […]
A unified national market for goods and services was intended to be created by the Goods and Services Tax (GST), which was established with the claimed goal of rationalizing India’s indirect tax environment. The three pillars of this “one nation-one tax” strategy were ‘ease of doing business’, economic expansion and pricing rationalization. A strong dispute […]
An Explanation About E-invoice E-invoices are digital documents that are exchanged between buyers and suppliers and validated by the tax portal of the government. An e-invoicing system is a digital process of preparing business-to-business (B2B) invoices and showing them through the Goods and Services Tax Network (GSTN). Business invoices are reported to the GST portal […]
Through the Finance Bill, 2023, the government is likely to make changes to the Goods and Services Tax (GST) law that will prevent businesses from receiving tax credits for the purchases of goods and services that they make on behalf of the community as part of their corporate social responsibility (CSR) obligations. According to two […]
18% GST is subjected to be paid on the forest permit fee, the Telangana Appellate Authority for Advance Ruling (AAAR) stated. The two-member bench consists of B.P. Naga Siva Kumari tracked, the permit fees obtained via the forest council would be utilised by forest officials to track the activity of mining, assess quantity and type […]
Finance Minister Nirmala Sitharaman, while presenting Union Budget 2021 referenced Rabindranath Tagore and stated that ‘faith is the bird that senses the light and sings while the morning is still black’. As another union budget release approaches, the market and residents remain hopeful and await budget pronouncements with bated breath, under the shadow of another […]
The Telangana Authority of Advance Ruling (AAR) ruled that an 18% GST would be levied to renting immovable property to an Educational Institution which was enrolled under section 12AA of the Income Tax Act 1961. The petitioner M/s. Bollu Siva Gopala Krishna asks for an advance ruling on the problem of whether the rental of […]
