Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
What is Section 15 Under GST Act? The value of the supply of goods or services or both is described in Section 15 of the CGST ACT 2017 as the “Transaction Value,” which is defined as the price actually paid or payable for the supply of goods or services or both when the supplier and […]
In the month of May, the GST collections of India surged by 11.5%, standing slowest in 6 months to cross Rs 1.57 lakh cr with the revenue from the domestic transactions rising 11% and imports which generate 12% additional taxes compared to before year. May’s revenue for the transaction that takes place in the month […]
The Uttar Pradesh Appellate Authority for Advance Ruling (AAAR) in its recent ruling, held that 18% Goods and Services Tax (GST) would be subjected to be applied to work contract services to Uttar Pradesh Jal Nigam (UPJN). The bench of Dr Uma Shanker and Ministhy S. sees that the Uttar Pradesh Jal Nigam (UPJN) is […]
Traders and industrialists have been reassured by Punjab State Goods and Services Tax (SGST) officials that they won’t be liable to pay a fine of Rs 50,000. The stated fine was levied in case of not displaying GST identification numbers (GSTIN) outside the business setup. It was a nice decision to make them aware and […]
What is GST [Section 60]? The GST regime in India would have drawn crucial revisions through the way the taxation would progressed. Section 60 of the GST Act permits a taxable person to make a provisional assessment of goods or services if they are unable to ascertain the value or rate of tax applicable. In […]
The Central Board of Indirect Taxes and Customs (CBIC) has announced Standard Operating Procedure (SOP) in order to scrutinise GST returns for FY 2019-20 onwards via releasing guidelines. Attention is drawn to Instruction No. 02/2022-GST, dated March 22, 2022, which provides a Standard Operating Procedure (SOP) for the scrutiny of returns filed for the fiscal […]
The work contract services beneath the General Construction service for long-distance underground/overland/ submarine pipelines, communication and electric power lines (cables); pumping stations, and related works service shall subject to get taxed at an 18% rate, the Telangana State Authority For Advance Ruling (AAR) stated in a ruling. The petitioner M/s. Transmission Corporation of Telangana Limited […]
The manufacturing job work of chocolates is liable to 5% Goods and Service Tax (GST), according to a decision by the Telangana Authority for Advance Ruling. The applicant, M/s Gandour India Food Processing Pvt. Ltd., is a major player among Rangareddy, Hyderabad’s chocolate manufacturers. It is renowned for offering services in the following industries: sugar-coated […]
18% Goods and Services Tax (GST) is applicable on Electrical works contracts accomplished to the government corporations the Telangana Bench of J. Laxminarayana and B. Raghu Kiran, IRS of Authority for Advance Ruling (AAR) stated. The applicant, M/s. Sealwel Corporation Private Limited has the business of executing ‘works contracts’ as described under Section 2(119) of […]
