Trader of second-hand gold in form of lumps or irregular shapes cannot avail GST chargeability under margin scheme

11 ViewsThe AAR, Karnataka, in the matter of M/s. White Gold Bullion Pvt. Ltd. [Advance Ruling no. KAR ADRG 20/2023 dated May 15, 2023] ruled that purchasing second hand gold in the form of jewellery / parts of jewellery, from unregistered individuals and selling to registered / unregistered dealers, after melting in the form of lumps / […]

Excise and Taxation dept embraces AI to boost state revenue

13 ViewsThe Excise and Taxation Department is taking a bold step towards increasing revenue and strengthening its capacity by embracing modern techniques, including the utilization of Artificial Intelligence (AI). With approval from the Cabinet, the department is set to implement the Revenue Enhancement and Capacity Augmentation project, aimed at mitigating revenue losses associated with the […]

Attitude of Commercial Taxes (GST) Department is not acceptable : Jammu Traders

17 ViewsTraders Federation President Deepak Gupta while addressing a press conference on Friday in the presence of Yashpal Gupta, President Retailers Federation, Anoop Mittal, President Kanak Mandi Traders Association, Prithvi Gupta, Former General Secretary Chamber of Commerce and Industry Jammu and Sham Lal Gupta, Former Sr. Vice President Traders Federation Ware House-Nehru Market (Regd.) Jammu […]

No GST exemption on accommodation to pilgrims outside religious place by charitable trust: Gujarat AAR

15 ViewsA charitable trust providing accommodation to pilgrims visiting Ambaji Temple in a building located outside the boundary of the religious place will not get GST exemption, rules Gujarat’s Authority for Advance Rulings (GAAR). The applicant Ahmedabad based Nandini Ashram Trust provides accommodation to pilgrims who visit the Ambaji Temple and the room rent is […]

GST not paid by some Mizoram contractor

24 ViewsMizoram taxation minister said that there are reports about contractors in the state not paying GST and urged state taxation officials to take note. Addressing a function organized by the taxation department in Aizawl, minister said efforts should be made to ensure that all those who are eligible are registered under GST. Earlier on […]

Tax evasion probe against insurers, MFs widened

24 ViewsTax authorities have widened an ongoing probe against a few financial-sector companies including insurers and mutual funds, for alleged tax evasion, with both the Goods and Services Tax and the Income Tax departments planning to send more show cause notices to them. “This is an industry-wide issue that is being investigated by both the […]

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