Indians and specifically women of India are very much found of gold jewellery. After the implementation of Goods and Service Tax on 1st July, 2017, the price of gold has seen some fluctuations due to the additional tax burden. Under the earlier tax regime 1% service tax was levied on the gold and 1% VAT […]
The basic reason for the implementation of ‘Goods and Service Tax’ is the removal of the cascading effect i.e. the effect of the tax on tax. Uninterrupted and seamless chain of the input tax credit is the key feature of the Goods and Service Tax. Under the current article we would understand different levies of […]
Grant of Presidential Awards to the Officers of the Central Board of Indirect Taxes and Customs (CBIC) on the eve of the Republic Day, 2019 Every year, the Officers of the Central Board of Indirect Taxes and Customs (CBIC) Department are considered for grant of Presidential Award of Appreciation Certificate for ‘Exceptionally Meritorious Service Rendered […]
In this modern growing world, human beings are suffering from various kinds of disease due to their lifestyle and habits. In today’s world, medicine is the first aid preferred for every disease. The usage of medicine is increase day by day. The current article helps to understand the GST provisions as applicable on medicine like […]
ICAI has signed a Memorandum of Understanding (MoU) with the Institute of Certified Public Accountants of Kenya (ICPAK) in Nairobi, Kenya on January 21, 2019.
In re Alcon Resort Holdings Pvt. Ltd. (GST AAR Goa) In the instant case, the applicant provides health care services by way of appropriate diagnosis, appropriate medicines as well as relevant consumables or implants as part of treatment under supervision of qualified doctors till discharge. Therefore, medicines, implants etc. used in the course of providing […]
Invoicing / billing is the most crucial part under GST. An invoice or a bill is a list of goods supplied or services provided, along with amount and taxes payable on the same. Every registered person is required to issue an appropriate tax invoice containing specific details as provided under the GST law. Through this […]
Whether the ‘Power Bank’, traded by the Applicant, is classifiable under Heading 8504 40 90 as ‘Static Converter – Others’? The ‘Power Bank’, traded by the Applicant, is classifiable under Heading 8507 as Accumulator and not as Static Converter.
Mr. M. Ravindranath Reddy Vs Mr G. Kishan & Ors. (NCLAT) Whether a landlord by providing lease, will be treated as providing services to the corporate debtor, and hence, an operational creditor within the meaning of Section 5(20) read with Section 5(21) of the ‘Insolvency and Bankruptcy Code, 2016? For an amount to be classified […]
Indian economy has witnessed an accelerated pace of domestic reforms in recent years. These reforms include, inter alia, the flexible inflation-targeting monetary policy framework, the Insolvency and Bankruptcy Code (IBC), the Goods and Services Tax (GST) and steps for enhancing foreign investments by liberalising the FDI regime and undertaking efforts to provide a conducive business climate.
