Sakshi Srivastava

Transactions among related persons and other activities of the ‘GST Schedule I’ will be treated as Supply even if made without consideration. GST will apply to the transaction. These are registered in the Schedule I of the CGST Act. The businesses are conducted generally between parties that are associated or between any agent and a […]

The Goods and Services Tax Network has helped in downloading Input Tax Credit (ITC) – invoice wise information of Table 8A of Form GSTR-9 (AnnualReturn). Details of Table 8A of Form GSTR-9 A facility/feature is available to the taxpayer so that they can download the details and documents of Table 8A of Form GSTR-9 in […]

Numerous interpretational issues lead to unintended disputes between taxpayers and tax administration and in order to provide certainty to taxpayers and to avoid future litigation, ‘Advance Ruling’ is one of the most prevalent Dispute Resolution Mechanism. It helps the applicant in planning his activities which are liable for paying for GST Registration, well in advance. […]

Since the Pre-GST period, the taxability of gift coupons and vouchers under GST are not considered as unlawful claims but it has been based on the subject of the lawsuit. The SC in the case of “Sodexo SVC India Pvt. Ltd.”, held that Sodexo’s meal vouchers could not be subject to Octroi or Local Body […]

12% of GST applicable on manufacturing and supplying of different parts of Railway that includes knuckle, toggle, lock etc. as per the rulings stated by the Karnataka Authority of Advance Ruling. Applicability of GST on EPC Contract is 18% concerning the power distribution to the government entity as ruled by the Telangana Authority of Advance […]

Are you planning to start a Café business in India? However, you should know that starting a café business is no runaway. You are required to think sessions on choosing the right location, hiring the right employees, and marketing the restaurant just right. To open a cafe, one must fulfil with all the Licenses and […]

The indirect tax inference on Motor Vehicle Renting Services has always driven the attraction because of its complicated abatement/ exemption treatment in the other law. In recent years, the Motor Vehicle Renting Services (also known as rent-a-cab facility) has increased in bounds and boundaries. Nowadays, even a common man is aware and is frequently using […]

The Madras HC allowing the appeal in favor of the revenue board, held that the striking of the Company Name from the Register of Companies could not affect Assessment if no records presented to strike off the name from Income Tax Department. The assessee, M/s.Tarachanthini Services Pvt. Ltd. is engaged in the investment business and dealing […]

Trade license is compulsory and is ruled by the Municipal Corporation of the respective state where the business proposes to be set. The licensing as well as the Enforcement Department of the municipal corporation of the concerned state issues a general Trade license for starting of the business. Separately from the Trade license, the health department […]

Inward supply of goods and services which have been exported or on inputs or input services used in products and services shipped. Note that if the goods are exposed to export duty, the refund will not be permitted. Input tax credit is not utilized due to output supplies being exports or zero-rated supplies. Input tax […]

GTA under GST means any person who provides service concerning the transport of goods by road and issues consignment note, by whatever name called. What are the rates for GTA under GST? Goods Transport Agency has the option to charge Goods and services tax at the rate of 2.5% or 6% CGST (equal SGST and […]

GST Act defines the expression “Adjudicating Authority” as the competent authority to pass any order or decision under the GST Act such as Appeals under GST. Still, it does not include the Board, the First Appellate Authority and the Appellate Tribunal. Thus, in a way, any decision or order passed under the Act is an […]

The (CBIC) Central Board of Indirect Taxes and Customs has permitted the Functionality to file for revocation application for cancelled GST Registration. In a recommended issued by CBIC, said that “Given the Removal of Order No. 01/2020 dated 25.06.2020, the limitation on filing revocation application, in case it was rejected, has been removed. Aggrieved taxpayers can apply for […]

Several licenses and registrations are required for starting and operating a hotel business in India. Many of the grants and registrations must be obtained before beginning the hotel and renewed though the hotel is functioning.  Additionally, most licenses require the hotel to meet specific rules or criteria for maintaining validity. Therefore, Entrepreneurs in the hotel […]