Category Archives: GST

No Levy or collection of GST on Ocean Freight

Recently Hon’ble Gujarat High Court in the landmark judgment in case of [2020] 113 taxmann.com 436 (Gujarat) M/s. Mohit Mineral Pvt. Ltd. v. UOI has held that no GST shall be leviable under Integrated Goods and Services Tax Act, 2017, … Continue reading

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GIST OF NOTIFICATIONS ISSUED ON 30th SEPTEMBER, 2019

CBIC has issued various rate notifications, to give legal effect to the decisions taken in the 37th GST council meet conducted on 20th September, 2019. Below mentioned is the gist of the rate notifications issued on 30th September, 2019 which … Continue reading

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Clarifications in respect of option exercised under section 115BAA of the Income- tax Act, 1961 inserted through The Taxation Laws (Amendment) Ordinance, 2019- reg.

The Taxation Laws (Amendment) Ordinance, 2019 (the Ordinance) has been promulgated by the President of India on September 20, 2019. The Ordinance, infer alia, inserted a new section 115BAA in the Income-tax Act, 1961 (the Act) with effect from April … Continue reading

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RECOMMENDATIONS IN 35TH GST COUNCIL MEETING

In the 35th Council Meeting held on 21.06.2019, the following recommendations were made:

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Some Major Changes through the GST Amendment Acts

More than a year long journey of this landmark reform GST was no less than a roller coaster ride. However, the government has been making its constant efforts to pave out ways to make compliance under this law easier. And … Continue reading

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