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18 Percent GST Rate on Sale of TDR and FSI

Maharashtra AAAR: 18% GST Rate is Applicable on Sale of TDR & FSI

The Maharashtra Appellate Authority of Advance Ruling (AAAR) declared the AAR’s governing and endured that 18% GST rate Grab the information of revised GST slab rates on consumer products in India, Although the GST council finalized the slab rates like 5%, 12%, 18% and 28%. Read more is leviable on sale of Transferable Development Rights […]

No GST on Services for Conducting Examination

Services Accompanied to Board of Examination Cannot Induce GST, KAR AAR

The outer agencies providing the services to the board of examination in concern to conduct the examination cannot induce Goods and Services Tax (GST) said by Karnataka AAR “It is an undisputed fact that the process of conducting the examination is not limited/restricted to the test centre. The examination is an incomplete activity without assessment. […]

Two New Features to Make GST Filing Easier

GST Portal got two New Features to Make GST Filing Easier

Common taxpayers will experience a whole new level of ease this month while filing monthly GST returns. The GST Network ( GSTN ) now has some important features on the portal related to link returns, these features are aimed to simplify the filing process of GSTR-3B Get to know details on GST return 3B form […]

Hassle-Free GSTR 3B on GST Network

Filing GSTR 3B will be Hassle-Free as GST Network will Compute ITC

Over one crore taxpayers will get benefits of the recent positive changes introduced on the GST Portal. One of the major changes is that now filing of GST monthly returns will be hassle-free from this month, as GSTN or the IT backbone of the Indirect tax system has added two major functionalities. A total of […]

States Decline GST Council Proposal

States Reject Govt Proposal of GST Council Borrow to Fill Revenue Shortfall

Punjab, Delhi, Kerala, Telangana, and West Bengal are 5 states which are not ruled by the Bharatiya Janata Party (BJP). On Monday, August 31, 2020, all these 5 states rejected the proposal of the Central Government that has been suggested in the 41st GST Council Meeting Get all updates of the GST Council 41st Meeting […]

Stop Penalizing Dealers for Fake GST Billing

Stop Penalizing Dealers on the Basis of Fake GST Billing

Due to a rise in bogus billing and fake GST, the experienced ones are expressing the concern for the innocent businessmen who have no involvement over these scams but still get penalised. These businessmen had done an actual purchase with the traders who further got the purchase from anyone in the chain of people who […]

Govt Strategy to Fix ITC Loopholes

GoM Agreed to Fix ITC Loopholes by Linking Between GSTR 1 and 3B Form

The Good and Services Tax (GST) Council is going to remove a plan that was announced last year to enter into a new format of tax returns and to continue with the existing system with some reforms and amendments to overcome the flaws. A source revealed that a meeting of GOM has been organized last […]

Work Contracts Applicability on Immovable Property

AAR: Immovable Properties with No Distinct Goods and Services Levy Work Contracts

The Authority of Advance Ruling (AAR) Maharashtra came up with a ruling that clarifies that immovable properties with no distinct goods and services will attract Work Contracts. The said ruling comes into a case where Prasa Infocom & Power Solutions Private Limited is the applicant. And it is engaged in the business of providing data […]

GST for Coal Handling and Distributor Charges

Coal Handling & Distributor Charges to Attract 18% GST for Supplies: AAR

The Authority of Advance Ruling (AAR), Madhya Pradesh, has ruled that Coal Handling and Distributor Charges to Attract 18% Goods and Services Tax Grab the information of revised GST slab rates on consumer products in India, Although the GST council finalized the slab rates like 5%, 12%, 18% and 28%. Read more if such transaction […]

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