Post by: Arnold Thomas in Government Initiatives GST
GST on Supply of Securities under Securities Lending Scheme Due to the following two recent amendment, the GST taxability of supply of securities under Securities Lending Scheme has undergone a considerable change: Insertion of explanation to the definition of ‘Services’;…
Post by: Arnold Thomas in GST
35th GST Council MeetingThe newly appointed Finance Minister, Nirmala Sitharaman, headed her first GST council meeting on 21st June 2019 at New Delhi. Key highlights of the 35th GST council meeting is summarized hereunder:Amendment in GST registration procedureGST registration procedure is…
Post by: Chris John in GST
Appeal Against GST Registration Order The Goods and Services Department of India requires businesses with a turnover of more than INR 40 Lakhs to register itself for Goods and Services Tax (GST). Every registered taxpayer is issued with a GST…
Post by: Chris John in GST
GST Ledger Issues - Customer Care The Goods and Services Tax Department of India offers the taxpayer community a procedure for raising customer issues and complaints about all and any services provided on the official GST Portal. All matters related to…
Post by: Sinduja Shankar in GST
GST Registration Validity Extension Normal GST registration certificate provided to regular taxpayers does not have a validity period and does not expire unless cancelled. However, the GST registration for casual taxable persons and non-resident taxable persons are issued temporarily with…
Post by: Chris John in GST
Advance Ruling for Registered Taxpayers Advance ruling is an official opinion by an Authority, mostly comprising of a high-level body presided over by a retired judge of the Supreme Court of India, empowered to settle issues concerning the tax consequences of…
Post by: Chris John in GST
Advance Ruling for Unregistered Dealers The Finance Act of 1993 first brought forth the scheme of Advance Rulings, which came into effect the very same year. An advance tax ruling is a more precise version of the tax laws implemented.…
Post by: IndiaFilings in GST
GST on Free & Sample Products In a fast growing, competitive market, one of the most effective ways to gain new customers is to give away free and sample products. Providing free or sample products is a tried and tested…
