Taxability in GST and Service Tax Services proved by the Government to business entities including by way of grant of privileges, licences, mining rights, natural resources such as spectrum etc. against payment of consideration in the form of fee, royalty etc. are taxable under…
Goods & Services Tax (GST) authority cannot raise demand or initiate recovery of interest on late payment of tax without adjudication in case of a dispute, a High Court has ruled. Amid lockdown, a division Bench of Jharkhand High Court, using video conference, delivered judgment…
The Punjab government on Tuesday sought from the Centre an interim compensation of Rs 3,000 crore for the month of April in view of “alarming resource gap” and also demanded permission for sale of liquor to mobilise excise revenue. Pointing to the alarming resource gap between…
The GST law requires an entity to obtain registration for TCS in each State /UT, where it has an obligation to collect TCS. The ECommerce operators were facing a challenge of having to obtain registration as TCS deductors in some States/ UTs as they…
The central government on April 9 granted exemption from basic customs duty (BCD) and health cess on the import of goods like face and surgical masks, ventilators, testing kits and personal protective equipments (PPE) BCD and health cess with immediate effect to tackle the COVID-19…
“It’s at full speed, even in this remote working situation. And we’re making every attempt to make sure all of those discussions that we were part of, we are executing upon. As of now, we have everything fully mobilised,” Parekh said. NEW DELHI: Infosys is “extremely mobilised”…
CBIC has issued Circular No.22/2020-Customs on Circular No.22/2020-Customs w.r.t. IGST refunds on exports-extension in SB005 alternate mechanism SB005 is an error due to Inconsistent Invoice Number between GST Returns and Shipping Bill. Kind reference is invited to Board`s Circulars 08/2018- Cus dt 23.03.2018, 15/2018- Cus…
GST Portal has enabled GST Returns to be filed via EVC for all type of entities, now GST Returns of LLP and Private Limited Companies can be filed Via EVC Mode as well. Snapshot of functionality available on portal.