[ad_1] Is a wellness centre a resort or healthcare facility? And may the providers supplied at these locations – weight discount, ayurvedic remedy or yoga – face the identical tax remedy as these supplied at prime hotels? In what is about to extend the products and providers tax (GST) burden at a number of healthcare … Read more
[ad_1] The government on Wednesday mentioned that ice cream is an ice cream whether or not it’s bought inside a restaurant or outdoors it and it ought to entice the identical share of Goods and Services Tax (GST). The federal government mentioned {that a} GST of 18% ought to be levied on ice creams even … Read more
[ad_1] Meals supply platforms and Swiggy may face Items and Companies Tax (GST) associated issues on ideas given to supply boys, surge payment, supply payment and packaging fees charged to prospects. Going forward the extra monies levied on prospects may additionally face GST for the platforms, say tax consultants. Not simply that, if the tax … Read more
[ad_1] The Calcutta High Court has dominated that items and repair tax registration can’t be cancelled if enterprise was not carried out from the premises, because of the nationwide Covid pandemic. The order was issued in case of an enchantment filed by International Value Retail in opposition to income division and GST authorities, the place … Read more
[ad_1] The federal government has collected Rs 1,17,010 crore GST for the month of September which is 23% increased than the identical interval final yr. The upper income assortment is a shot within the arm for presidency’s funds that had taken successful attributable to pandemic and has seen vital enchancment within the second quarter of … Read more
[ad_1] India has arrange a bunch of ministers to look into the speed rationalisation underneath the products and companies tax together with the present slab construction. The products and companies tax council secretariat Monday notified the establishing of two GoM, one to look into the speed construction and one other to have a look at … Read more
[ad_1] Managerial and management companies by corporate office to its group corporations/building websites registered in numerous states would entice 18 per cent GST, Maharashtra bench of AAR has dominated. B G Shirke Building Expertise Pvt Ltd had approached the Authority for Advance Ruling (AAR) searching for to know whether or not the managerial and management … Read more
[ad_1] Regardless of the Centre accumulating a whopping 74 per cent extra direct taxes thus far this fiscal on an annualised foundation at Rs 5.70 lakh crore, it has additionally borrowed an enormous 58 per cent of the budgeted quantity throughout the identical interval by promoting Rs 7.02 lakh crore price of debt securities available … Read more
[ad_1] With the advantages of unlocking measures tapering out, high-frequency indicators have turn out to be “uneven” since August, a home score company mentioned on Monday. Nonetheless, the upcoming festive season will see an increase in confidence-boosting demand, Icra Rankings mentioned, including it’s “cautiously optimistic” about it. “The efficiency of the high-frequency indicators in August … Read more
[ad_1] The GST Council on Friday accepted a proposal to deal with meals supply apps comparable to and Swiggy as eating places and levy 5 per cent GST on provides made by them. Such meals supply apps will now be required to gather 5 per cent GST, or Goods and Services Tax, from shoppers as … Read more