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An 18% GST would be levied on the civil contracts provided by the petitioner to the Indian Institute of Technology, Madras, Tamil Nadu Authority for Advance Ruling (AAR) held. The applicant Esvee Constructions is a contractor who has been granted a contract by IIT Madras for the ‘addition and alteration of D1 type quarters 45 […]
What is Section 16 Under CGST Act? Section 16 of CGST ACT 2017 is concerned with the Input Tax Credit mechanism, which permits the assessee to offset the GST Input Tax Credit with the GST Output Tax Liability. The same shall assist in preventing the cascading effect of taxes and promote a seamless flow of […]
In a recent ruling, the Gujarat Appellate Authority for Advance Ruling (GAAAR) held that 18% Goods and Services Tax (GST) is pertinent to the services supplied via the sub-sub-contractor to sub-contractors. M/s Shreeji Earth Movers (sub-sub-contractor), the petitioner who is the work contractor and operates and performs the composite supply of works contract as specified […]
In an audacious move last year, in the 47th general meeting of the GST Council, both offline and online sellers were brought on an equal footing concerning the mandatory registration of GST. Before, online sellers needed to register for GST by selling through e-commerce. It was mandatory, regardless of their annual revenue. In the case […]
The Calcutta High Court ordered the restoration of GST Registration on the basis of the payment of revenue dues and an agreement to settle revenue arrears. To restore an invalidated GST Registration, the petitioner, Ranjan Ghosh filed a writ petition under Article 226 of the Indian Constitution. This writ petition’s primary objective is the termination […]
It was ordered by the Gujarat Authority for Advance Ruling (AAR) that 18% GST will be levied if the applicant gets a one-time premium on the allotment of completed commercial units or buildings. The one-time premium received by the petitioner on the assignment of finished commercial units or buildings is taxable under Section 7 of […]
The Gujarat Authority for Advance Ruling (AAR) ruled that support in deduction made by the applicant from workers who get food at work would not be regarded as a “supply” under the GST Act. The applicant would receive the input tax credit (ITC) on the GST collected by the service provider of the cafeteria facilities […]
The most awaited GSTR-9 and 9C amnesty scheme has been released by the CBIC. Also, they released the Central Tax Notification 07.2023 on 31st March 2023, to advise on two resolutions that advantage GST annual return filers. Note: 50th GST Council Meeting: In accordance with Section 62 of the CGST Act, 2017, the amnesty schemes […]
SAG Infotech’s blog section is a great source of information regarding the latest GST notifications for 2021. The blog bears top-quality content on Central, Integrated, Union Territory, Compensation Cess, and taxes liable to them. Every trading and business entity must have a proper understanding of the related laws, rules, regulations, and rates. Considering the importance […]
