High Court held that Lottery is an actionable claim, is taxable under GST law
Fact: Teesta Distributors (“the petitioner”) was engaged in selling paper lotteries of various States within the State of West Bengal. […]
Important Pronouncements
GST Recent News, News
Patanjali sales fall for first time since 2013 on GST, supply chain issues
Baba Ramdev’s intention to make Patanjali the biggest fast-moving consumer goods (FMCG) company in India has hit a snag as
GST Recent News, News
Can govt make up for shortfall in GST revenue collections?
Meeting the budgeted fiscal deficit target for the year looks difficult, especially in light of unimpressive revenue collections from the
Important Pronouncements
DGCEI can investigate PAN India service-tax matters despite assessee’s registration with multiple Commissionerates
Facts: M/s. National Building Construction corporation ltd (“the assessee”) was engaged in carrying out civil work and construction for various
GST Recent News, News
Exporters facing significant shrinkage in their working capital under GST; their ability to take new orders are restricting: World Bank
Exporters are facing significant shrinkage in their working capital under the new system which is restricting their ability to take
GST Recent News, News
Rs 29,088 cr indirect tax evasion detected during April-Oct
The investigation arm of the Finance Ministry has detected tax evasion worth Rs 29,088 crore in 1,835 cases during April-October period of the
GST Recent News
GSTN enabled the Annual Return Tab for filing GST Annual Return GSTR – 9, Utility may be expected very soon
The Due date for filing Form GSTR – 9 i.e. (Annual Return) for the F.Y 2017-18 is December 31, 2018
Advance Ruling-New
AAR: Ancillary services relating to Industrial plot lease taxable @18%
Fact:- M/s Punjab Small Industries & Export Corporation Limited (“the applicant”) is a State Government owned Industrial Development Undertaking is
Advance Ruling-New
AAR: Frozen meat supplied to Indian army in HDPE bags without mentioning weight/quantity packed not considered as ‘unit container’ supply
Fact: – M/s. M.U.N. AGRO INDUSTRIES (“the Applicant”) are the supplier of Frozen meat of Sheep and Goats at various
GST Recent News, News
Explained: Why GST Council needs to rationalise various AAR rulings
A recent ruling by the Maharashtra Authority of Advance Rulings (AAR) could upset a large part of India’s back office