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gst: Fintech, IT/ITeS companies with tripartite pacts under GST scanner

gst: Fintech, IT/ITeS companies with tripartite pacts under GST scanner
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Abhisheka rastogiBombay high courtஅபிஷேக ரஸ்டோகிகுண்டு உயர் நீதிமன்றம்

Review GST sop s timing, urges industry

Review GST sop’s timing, urges industry Updated: Updated: GST Council set to decide on rate cuts for crucial COVID-19 related vaccines, medicines, equipment Share Article AAA ,08/06/2021.Oxygen cylinders being monitered by a health worker at the Samudrika Convention Centre of Cochin Port Trust in the city which has been converted into a Covid19 treatment centre. Photo:H VIBHU. | Photo Credit: VIBHU H GST Council set to decide on rate cuts for crucial COVID-19 related vaccines, medicines, equipment While the GST Council meets on Saturday to discuss tax cuts on critical COVID-19 related material including vaccines, medicines and equipment, industry donors are urging a rethink on the timing for the applicability of the Integrated GST (IGST) exemption announced on imported relief supplies after the council’s last meeting.

Mahesh jaisingRajat boseAbhisheka rastogiSiddharth suranaAbhishek jainShardul amarchand mangaldas coKhaitan coDelhi high courtWhile the councilDeloitte indiaShardul amarchand mangaldasராஜாத் போஸ்அபிஷேக ரஸ்டோகிஅபிஷேக் ஜெயின்ஷார்துள் அமர்சந்த் மங்கல்தாஸ் இணைகைதன் இணை

GST only on horse race commissions: Karnataka HC

GST only on horse race commissions: Karnataka HC SECTIONS Share Synopsis Horse Racing clubs can pay goods and services tax on commissions instead of the full betting amount, the Karnataka High Court ruled on Friday, giving relief to these organisations that have long argued against the levy on the full amount. Horse Racing clubs can pay goods and services tax on commissions instead of the full betting amount, the Karnataka High Court ruled on Friday, giving relief to these organisations that have long argued against the levy on the full amount. “The petitioners are liable for payment of GST on the commission that they receive for the service that they render through the totalisator and not on the total amount collected in the totalisator,” Justice M Nagaprasanna said in the order. The petitioners in the case were the Bangalore Turf Club and the Mysore Race Club.

Justice nagaprasannaAbhisheka rastogiRajat mohanJusticem nagaprasannaMysore race clubKhaitan coKarnataka high courtBangalore turf clubHorse racingMysore raceFull betting amountKhaitan amp coGst councilஅபிஷேக ரஸ்டோகிராஜாத் மோகன்மைஸாயர் இனம் சங்கம்

Input tax credit blocked for even minor lapses

The tax department is claiming that there could be circular trading or other frauds in many of these cases as tax credits are not tallying, but legal experts say blanket rejection of tax credit will lead to litigations and increase cash flow issues of companies.

Abhisheka rastogiKhaitan coGst frameworkTax departmentInput tax creditஅபிஷேக ரஸ்டோகிகைதன் இணைவரி துறைஉள்ளீடு வரி கடன்வரி செலுத்துவோர்

Delhi HC asks government to place issue of IGST on oxygen concentrators in Friday GST council meet

Delhi HC asks government to place issue of IGST on oxygen concentrators in Friday GST council meet SECTIONS Delhi HC asks government to place issue of IGST on oxygen concentrators in Friday GST council meetBy Share Synopsis The issue of IGST on oxygen concentrators may already be addressed by the GST council on Friday. The council could look at doing away with the 12% IGST on oxygen concentrators imported by individuals in the upcoming GST council meeting, ET reported on May 25. Agencies The Delhi High Court was hearing a matter where a company had dragged the government to court over IGST oxygen concentrators specifically imported for donation to state and central governments.

Nirmala sitharamanAbhisheka rastogiIndian armyIndian navyKhaitan coServices taxDelhi high courtDelhi high court onIntegrated goodsBombay high courtsMinister nirmala sitharamanGst council meetIgst on oxygen concentratorsGst council meetingGst councilOxygen concentrators