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The Authority for Advance Rulings (AAR) has announced that GST will be applied on the three-wheeler electrically operated vehicles if it is arranged with the battery packs. “A three-wheeled motor vehicle is classifiable under HSN 8703 as an electrically operated vehicle, provided it is fitted with the battery pack. Otherwise, it will be classifiable under […]
The Central Board of Indirect Taxes and Customs (CBIC) Released a notification with No. 63/2020–Central Tax on August 25, 2020. With this notification, CBIC informed that the changes which were made in Section 50 i.e inserting a proviso to Section 50(1), via section 100 of Finance (No. 2) Act, 2019 (23 of 2019) will come […]
The 39th GST Council Meeting was held on March 14, 2020, In which, the council agreed on the operationalization of Aadhaar authentication for new taxpayers. However, as per sources in the Finance Ministry, the implementation of the process was postponed amid lock-down caused by the coronavirus outbreak. With a gap, finally, the implementation process of […]
The central government has elected technical people to the Goods and Services Tax Appellate Tribunals (GSTAT) till additional orders. Revenue Bar Association (RBA) has filed an appeal which challenges the laws about the appointment along with guidelines regulating the president and peoples of GSTAT that shows the GSTAT (Appointment and Conditions of Service of President […]
E-invoice will come into action from October 2020, and after its inclusion businesses having turnover INR 500 crores or above have to generate invoices through a centralized Government portal. As per a recent update, a meeting between a high-level group of ministers will be organized where they will discuss GST E-invoicing Know the step by […]
A PIL was filed to consider AUS Ingredient Based Sanitizers under GST at 12% rate and now in this matter, the Punjab and Haryana High Court ordered GST Authorities to consider the Public interest litigation (PIL) filed for classifying the Ayurvedic/ Unani/ Siddha (AUS) Ingredient Based Sanitizers under 12% GST slab instead of 18% Check […]
Kerala’s Finance minister Thomas Issac on Friday said that a levy of 3 per cent GST on the sale of vintage gold has to be proposed to check tax evasion. As the Group of ministers has concluded to develop the e-way bill for carrying the gold within the states while applying it to the interstate […]
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 […]
In the upcoming GST council meeting, there are speculations that the gold and other gemstones will be brought under the limitations of the GST eway bill. As per the sources, the government has taken this decision in order to curb the gold theft. There are multiple sources and issues that arose in the recent past […]
