3 ViewsNow Tobacco and tobacco products, pan masala and Gutka will attract compensation cess on the basis of the retail price instead of a current ad valorem levy. The centre on Friday proposed an amendment in the Schedule of the GST (Compensation to States) Act, 2017in the finance bill which capped the GST Compensation Cess […]
HSN listing from GSTN
6 ViewsHSN listing downloaded from GSTN as on 26.03.2023. Source: GSTN – Home – Services – User Services – Search HSN Code
Sale of small plots of land with development work is not taxable under GST
5 ViewsThe AAAR, Karnataka, in the matter of M/s. Ms. Rabia Khanum [KAR/AAAR /02/2023 dated February 14, 2023] has upheld the advance ruling passed by AAR, Karnataka and held that the amounts received by the assessee due to the consideration, advance received on the sale of small plots which have the development work are not […]
The Whole Gamut of Year End Finalization
7 ViewsCA Nitin Bhuta from Mumbai has conducted a knowledge session on 24.03.2023 via Zoom & YouTube on the subject “The Whole Gamut of Year End Finalization”. The topics covered are : The PPT prepared and presented by CA Nitin Bhuta is given below for your reading and reference.
Your restaurant bill is less in GST regime — govt explains with figures
8 ViewsThe goods and services tax (GST) on restaurant bills could be confusing for many customers. At times restaurants are also accused of generating fake GST bills even if they do not come under the purview of the GST Act, or collecting the tax without a valid GST number. However, the Press Information Bureau has […]
Discontinuation of the GST compensation could adversely affect Delhi’s revenues, finance minister Kailash Gahlot
4 ViewsA day after presenting his maiden budget, Gahlot said in an interview with TOI that Delhi had taken a hit of nearly Rs 12,000 crore due to the GST measure. “If we don’t ramp up our revenue generation, it will be challenging to complete the big projects that we have announced. We will have […]
Lok Sabha approves setting up of GST Appellate Tribunal to solve disputes
7 ViewsLok Sabha on Friday cleared changes in the Finance Bill to pave the way for setting up of an appellate tribunal for resolution of disputes under GST. Currently, taxpayers are filing writ petitions before high courts in the absence of the appellate tribunal. As per the amendments proposed in the Finance Bill 2023, which […]
GST appellate tribunal may be headed by a former Supreme Court judge
10 ViewsThe Goods and Services Tax (GST) Appellate Tribunal is likely to be headed by a former Supreme Court judge or a former Chief Justice of a High Court and its framework may permit the resolution of disputes involving dues or fines of less than Rs. 50 lakh by a single-member bench. Amendments to the […]
Judgement on cancellation of registration – Notice treated as vague and reckless
6 ViewsSr.No.035625-03-2023 Citation – 2023-VIL-189-ALHM/s VIRAJ POLYMERS PRIVATE LTD Vs STATE OF U.P. AND 3 OTHERSDate of Order – 16-03-2023HIGH COURT OF ALLAHABAD The registration was cancelled after not replying to the initial notice. The reason for cancellation was that the firm was not found existence in the business place. The petitioner filed an application […]
Amendments w.r.t. GST in the Finance Bill, 2023 passed by Lok Sabha today
14 Views(Author can be reached at [email protected]) DISCLAIMER: The views expressed are strictly of the author and A2Z Taxcorp LLP. The contents of this article are solely for informational purpose and for the reader’s personal non-commercial use. It does not constitute professional advice or recommendation of firm. Neither the author nor firm and its affiliates […]