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Highlights of 40th GST Council Meeting

Highlights of 40th GST Council Meeting

GST BFSI
June 16, 2020 486 0

Recommendations of GST council related to Law & Procedure The 40th Goods and Services Tax Council meeting was held on June 12, 2020, and was chaired by the Union Finance & Corporate Affairs Minister, Nirmala Sitharaman....


Why are GST taxation reforms critical this year?

Why are GST taxation reforms critical this year?

GST BFSI
June 12, 2020 202 0

Experts believe that the economy tends to take a back seat when political and religious issues take precedence over everything else. Amidst all the protests and rallies around the CAA bill, India seems to be forgetting that th...


E-invoicing in 3 Minutes

E-invoicing in 3 Minutes

GST BFSI
June 12, 2020 188 0

In her second Budget presentation, Finance Minister, Nirmala Sitharaman stressed on introducing a robust infrastructure system to facilitate the easier and efficient filing of GST returns. One of the most significant moves und...


Why is e-invoicing a game-changer?

Why is e-invoicing a game-changer?

GST BFSI
June 11, 2020 327 0

E-invoicing has officially been rolled out by the Government of India, and this new system promises to change the way we deal with the country’s largest tax reform, the Goods and Services Tax. We are already familiar with t...


India will see these reforms in the new financial year

India will see these reforms in the new financial year

GST BFSI
June 11, 2020 199 0

Another financial year is on the brink of closure and a brand new year approaches. 2020-21 is one to look out for, especially in India, because the Government is all set to introduce a plethora of reforms for its citizens. Fro...


18% GST applicable on Leased Premises for Cold Storage purpose of Agriculture Produce on Leasing Charges

18% GST applicable on Leased Premises for Cold Storage purpose of Agriculture Produce on Leasing Charges

GST BFSI
June 10, 2020 2875 0

The Authority of Advance Ruling has held a Goods and services tax rate of 18% is applicable on leasing charges on premises leased for cold storage of agricultural produce. The applicant, a business providing services of storage an...


The GST effect

The GST effect

GST BFSI
June 10, 2020 263 0

India’s biggest indirect tax reform in the last decade has been the Goods and Services Tax that was implemented in 2017. And even though it has had teething issues like confusing and cumbersome filing processing, fluctuations ...


Leased residential complexes to be used as a paying guest facility will attract GST

Leased residential complexes to be used as a paying guest facility will attract GST

GST BFSI
June 9, 2020 288 0

The Authority for Advance Ruling in Karnataka held that leading out a residential complex as a paying guest facility will attract GST. The applicant sought an advance ruling on two issues viz. whether the exemption of services by ...


GST is applicable on Landscape Development & Maintenance of Garden Work for Government undertakings

GST is applicable on Landscape Development & Maintenance of Garden Work for Government undertakings

GST BFSI
June 9, 2020 307 0

The Appellate Authority of Advance Ruling in Karnataka has held that Goods and Service Tax is applicable to landscape development and maintenance of garden work for government undertakings as it is covered under subcontract work. ...


How e-invoicing can help your business

How e-invoicing can help your business

GST BFSI
May 5, 2020 840 0

Electronic invoicing (E-invoicing or online invoicing)is a system in which B2B invoices are authenticated electronically by GSTN (Goods and Services Tax Network) for further use on the common GST portal between suppliers and buyer...


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