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Supply of medicines, drugs, consumables, food to in-patients of a hospital to be composite supply, exempted from GST: KAAR

Supply of medicines, drugs, consumables, food to in-patients of a hospital to be composite supply, exempted from GST: KAAR
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Saurabh agarwalSpandana pharmaDarshan boraKarnataka authority for advance rulingAdvance rulingIndirect taxesEconomic laws practices

GST needs ADR for dispute resolution

The Alternative Dispute Resolution mechanism provides a way to resolve disputes between taxpayers and the Government without having to go through formal litigation The Goods and Services Tax (GST) was introduced to rationalize the indirect tax system in India, thereby creating a common national

Services taxSettlement commissionAppellate authority of advance rulingAuthority of advance rulingAlternative dispute resolutionAppellate tribunalsSabka vishwasLegacy dispute resolutionVivad se vishwas schemeAdvance rulingAppellate authorityWay forwardAdvance rulingsGst needs adr for dispute resolution

Indirect Tax Cases Monthly Round Up: January 2024

Supreme Court Hiring Of Motor Vehicle Or Cranes Is Not Sale Of Goods If Control Over Equipment Is Retained By Contractor, VAT Can t Be Levied: Supreme Court Case Title: M/s. K.P. Mozika v.

Tamil naduUttar pradeshState of uttar pradeshState of goaWest bengalState of jharkhandHimachal pradeshAndhra pradeshIndia generalMadhya pradeshLivelaw gauMs mittal footcareBihar foundaryJawahar lal jainMadhaviben jitendrabhai rupareliyaChandrashekhard chitnis anr

ITC Admissible On Sale And Buyback Transactions When Payment Is Settled Through Book Adjustment: AAR

The West Bengal Authority of Advance Ruling (AAR) has held that in cases of sale and buyback transactions, the input tax credit is admissible in respect of goods purchased from outsourced vendors when.

Tanisha duttaJoyjit banikBengal authority of advance rulingWest bengal authorityAdvance rulingWest bengalIndian accounting standardUyback transactions

Budget 2024 expectations: 13 ways the FM can simplify matters for taxpayers: CII

The Interim Budget 2024, will be presented by the finance minister, Nirmala Sitharaman, on February 1, 2024. A few key steps as suggested by CII that would help to rationalise and simplify taxes are as follows.

Nirmala sitharamanCentral processing centreInterim budgetAnnual informationGoods actStatutory corporationsMutual fundsAnnual information statementIncome tax rulesElectric vehiclesSecurity depositFaceless unitFaceless appealsAdvance pricing agreementAdvance rulingDispute resolution scheme