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Search results for: input tax credit

TAIPA - Inclusion of Towers Under ITC of the GST Act

TAIPA Requests Govt to Bring Tower in GST ITC Eligibility Category

The Indian Telecom tower assembly has asked the telecom department along with the finance ministry to include the towers inside the items liable to claim the input tax credit beneath the GST act. T.R.Dua, Director-General, Tower and Infrastructure Providers Association (TAIPA) comments “Currently, the telecom infrastructure providers can not avail of the Input Tax credit […]

GST on Electric Bill from Tenants

Gujarat AAR: Electricity GST Charged from Tenants Despite Free

The Gujarat authority upon an advance ruling for goods and services tax GST specified that the owners did not require to furnish GST on electricity or the charges taken from the tenants moreover, in addition, as the value of supply as per the lease agreement of immovable property rent. Gujarat AAR has been approached by […]

Request for Lower TDS and GST Rate

Need to Reduce GST & TDS Rate for Coworking Spaces in Budget 2021

Coworking office spaces have had an effective rise in past years, but currently, the rate of TDS applied to coworking services is 10% because the coworking firms provide rental services to movable as well as immovables. The TDS rates are required to be lessened so that it will give benefits to their customers in context […]

No Input Tax Credit on Demo Vehicles Used for Business Promotion

MP AAR: No GST ITC is Possible on Demo Vehicles Used for Biz Progress

The Madhya Pradesh Authority of Advance Ruling (AAR) ruled that no Input Tax Credit (ITC) is possible on demo vehicles open in the business improvement and for the constant performance of the companies The petitioner is the owner of Khatwani Sale and Service LLP is an authorised dealer of KIA for sales & services of […]

No GST on Receipt of Services if Not Imported Under RCM

Odisha AAR Held that GST Under RCM is Not Pay on Receipt of Services

The Odisha Authority of Advance Ruling (AAR) held that GST below Reverse Charge Mechanism is not payable on receipt of services if it is not imported. The petitioner is the owner of Tokyo Electric Power Company who seeks the ruling as if he is needed to be enrolled below Odisha GST Act, 2017 as well […]

18 Percent GST Rate on Sale of Machinery

Guj AAR: 18% GST Rate for Commission Income from Japan on Sale of Machinery

Gujarat Authority of Advance Ruling (AAR) has mentioned that the Selling of machinery to bring 18% GST on commission income from Japan in foreign currency. The petitioner is the owner of Dharmshil Agencies where the agreement has done with Tsudakoma Corporation, Japan to sell the machinery with respect to the specific services, they are collecting […]

DGGI Sent Show Cause Notice to Amazon

Amazon Gets Show Cause Notice by DGGI Over Illegal GST ITC Refund

The Director-General of GST intelligence (DGGI) provides a show-cause notice to e-commerce company Amazon India to avail of the input tax credit. Rs 175 cr is raised through GST intelligence, as determined from the sources. The investigation through DGGI has found errors in the computation developed by the e-commerce company. As per the sources Amazon […]

New Changes in GSTR 9 and 9C for FY 2019-20

GSTR 9 & 9C Form Changes for GST Audit in FY 2019-20 with Last Year Comparision

For Financial Year 2017-18 and 2018-19, a registered taxpayer will have the option to upload details for the duly signed entries in Table 8A to 8D in PDF format in form GSTR-9C (without CA certification). For FY 2019-20 the details of form GSTR-2A prepared by November 1, 2020, will be fetched in this table. Table […]

Know All Govt Steps to Control Fake GST Registrations

Is Govt in Form to Stop Fake GST Registrations? Check All Steps

The government is taking the actions with respect to the declarations done by the GST department written in Notification No. 94/2020 – Central Tax, which notifies the CGST (Fourteenth Amendment) Rules, 2020. The GST enrollment concerned procedure is changed by the notification besides providing extensive authority to cancel or suspend the existing enrollment of the […]

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