GST Intelligence team raids gym chain, finds tax evasion of Rs 50 lakh
Directorate general of GST Intelligence’s Ludhiana Zonal unit on Monday conducted searches at Ludhiana and Amritsar branches of a leading gym […]
GST Recent News, News
Advance Ruling-New
AAR has no jurisdiction to decide whether a supply is inter-State or intra-State hence the Application is rejected
Facts: M/s. Fichtner Consulting Engineers (India) Private Limited, Chennai is an Engineering consultancy organization, providing Engineering Services, mainly Design and
GST Recent News, News
Elections, crop loan waivers and flood relief may see states trip on fiscal consolidation in FY19: ICRA
Rating agency ICRA has expressed doubts over the states’ ability to tread the budgeted fiscal consolidation path during the current
GST Recent News, News
White goods companies not passing on GST benefits come under lens
India’s anti profiteering officials will look into complaints alleging that many consumer goods companies have not fully passed on a
Advance Ruling-New
Question raised before AAR not admissible as application is pending before department: AAR
Facts: M/s. Veeram Natural Products, he is a manufacturer of Aluminium foil disposable container by moulding/die punching process with Aluminium
Advance Ruling-New
AAR rejects application for classification of BIOFOS Monocalcium Phosphate imported for animal/poultry feed etc
Facts: M/s Mosaic India Pvt Ltd is registered in terms of the CGST Act, 2017, imports BIOFOS Monocalcium Phosphate and
GST Recent News, News
Last chance to claim GST Credits for previous fiscal: All you need to do within this month
The credit of GST paid on expenses against the GST collected on revenue is the heart of a ‘value added’
Important Pronouncements
‘Dharti brand hair care herbal oil’ & ‘Massage oil’ to be treated as ayurvedic medicaments for excise purpose: CESTAT
The assessee was engaged in the manufacture of ‘Dhatri Brand Hair Care Herbal Oil’ and ‘Dhatri Brand Massage Oil’. The
Notifications and Circulars
Govt. notifies exemption in respect of specified goods re-imported for repairs vide Notification No. 60/2018-Customs
The Central Board of Indirect Taxes and Customs (“CBIC”) has issued a Notification No. 60/2018 – Customs dated September 11, 2018
GST Recent News, News
Rupee to hit 73 by March 2019; fiscal target to be breached
India is the only major emerging market having a negative balance of payments (BoP) and the pressure is expected to