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A clarification for the determination of the place of supply has been provided by the Central Board of Indirect Taxes and Customs (CBIC). Through the trade and field formations, the board has obtained the representations asking for clarifications about the determination of the place of supply for the case of the supply of the service […]
The clash between the government and the industry regarding profiteering issues intensifies, as the Delhi High Court (HC) has notified the Competition Commission of India (CCI). The HC has instructed CCI to adhere to the given framework for assessing the extent of profiteering. These notices were issued with a show cause notice issued by CCI […]
Delhi’s GST revenue has achieved a significant increase of nearly 17% during the first half of the current fiscal year compared to the same period in 2022-23. This positive trend has instilled hope in the government, as it anticipates exceeding its estimated collection. According to data, during the initial two quarters of 2023-24, the Delhi […]
Due to substandard government-operated hospitals and a shortage of doctors, healthcare has become a significant industry in India. The proliferation of numerous corporate hospitals and small nursing homes across the nation means that seeking treatment is largely a matter of personal choice and financial means. As of July 2022, hospitals have been brought under the […]
A Division Bench of the Supreme Court recently rendered a significant decision on appeals arising from judgments of the Telangana, Gujarat, and Bombay High Courts. These appeals concerned the validity of the VAT Amendment Act in their respective states, particularly in the context of Section 19 of the Constitution (101st Amendment) Act of 2016. This […]
The Government of Delhi issued notification No. 34/2023-State Tax, F. 3 (14)/Fin. (Exp-I)/2023-24/DS-I/916 on 25.10.2023, providing Goods and Services Tax (GST) registration exemption for vendors who operate through e-commerce platforms for intrastate supplies. The Lieutenant Governor of the National Capital Territory of Delhi, under Section 23(2) of the Delhi Goods and Services Tax Act, 2017 […]
The Punjab Excise and Taxation Department (PETD) is currently scrutinizing approximately 700 boutiques throughout Punjab due to their non-compliance with GST payments and the issuance of obligatory customer invoices. Among these boutiques, there are 40 prominent establishments located in Patiala, Ludhiana, and other districts, each boasting annual turnovers in the lakhs, yet failing to adhere […]
The Finance Ministry’s recent notification stated that the GST mechanism for corporate guarantees will apply prospectively. Following the GST Council’s suggestions dated October 7, a corporate guarantee provided by a parent company to its subsidiary for a bank loan will be subject to an 18% GST. This recommendation was made during the GST Council meeting […]
The central and state GST authorities have issued a demand notice to the companies belonging to sectors like consumer durables, smartphones, insurance, service providers, etc. LIC obtained one notice for Rs 290.5 cr in September as per the report. HDFC Life Insurance has been served a notice for failing to pay GST, with an outstanding […]
