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The Karnataka Appellate Authority of Advance Ruling (AAAR) held on AAR ruling held that the ‘Landfill-pit is a civil-structure, not plant and machinery, no (ITC) is available. The petitioner is the owner of Mother Earth Environ Tech Pvt. and does the business of solid waste management. They furnish the services towards the treatment, storage, and […]
Bangalore Wholesale Cloth Merchant Association asked the central government to refuse the idea of a GST surge towards the garments and textile industries from 5% to 12%. The government from January 2022 has surged the GST on finished goods like garments, textiles, and footwear from 5 to 12 per cent. The traders formed an association […]
In the times of Diwali, the traders in the city of Indore are all being very happy due to their blockbuster sales on the Festival but the same happiness change into sadness among the traders as their businesses are drawn under the surge in the GST. Apart from an increase in GST rates imposed on […]
Policyholders do not have the major intention about the personal accident insurance covers. However, it is an essential cover for the majority of the people it is not being purchased normally. If in the union budget 2022 they mentioned that provide the tax deduction towards the premium furnished to buy the Personal accident insurance then […]
Recently the AAAR again held the decision on the fact GST not applicable on notice payment and allowed canteen services ITC. The judgement of the AAAR Madhya Pradesh has been done in the regarding of M/S. Bharat Oman Refineries Limited [Advance Ruling No. MP/AAAR/07/2021 dated November 8, 2021]. The reversed fact is done on multiple […]
GSTR 9, based on Table 8A, is a significant section for the taxpayers in that it has auto-populated features along with the eligible ITC details concerned with the complete financial year from the relevant GSTR 2A/2B return. Also, note that the left-out section’s columns and fields in Table 8 are to be filled up with […]
The Central Board of Indirect Taxes and Customs (CBIC) urged the field officers to assist in the revision of GST collections from October 2021 that poses the 2nd highest since the government has started the indirect tax rectification in 2017. The indirect tax council asked the senior councils to assist the field officers to ask […]
GST council asked the fast-food chain Subway for its franchisee chain in India, Punjab and Haryana high court to provide a final order held in favour of the fast-food chain that enables them to furnish the reply and make the submissions on law and advantages. The concern came to knowledge when the GST council summoned […]
The tough struggle upcoming for GST council for taking a reformative decision is that it can prepare for GST rate rationalization by the means of fitment community nominated by a GoM on the GST rate of rationalization to acknowledge the increase in the slab of 5% to 7% and 18% to 20%. “The group of […]
