In its recent 51st meeting, the GST Council proposed some important changes to the CGST Act 2017 and IGST Act 2017. These changes are aimed at bringing more clarity to the taxation of certain activities like casinos, horse racing, and online gaming.
In this backdrop, the latest circular 199/11/2023 was issued regarding ISD mechanism, tax on the input services procured by HO for branches as well as clarifying on services supplied between branch offices of entity in different states.
GSTR-1 and GSTR-3B are two types of GST returns that businesses registered under the Goods and Services Tax (GST) regime in India need to file to comply with tax regulations.
One more set of notifications have been issued under GST, even as we await the 51st GST Council Meeting to be held on 2nd August 2023.
Clarification on taxability of transactions between an office of an organization in one State to the office of that organization in another State, both being di...
EV Vehicles charging stations to provide ‘battery charging service’ and not supply or distribution of ‘electricity’ – liable to GST @ 18%
An e-way bill is a document generated electronically on the government portal by businesses or individuals who are responsible for the transportation of goods worth more than a specified value from one place to another.
GST-ITC: Time barring period for claiming & Reclaiming - Impact of AP High Court decision in THIRUMALAKONDA PLYWOODS Vs THE ASSISTANT COMMISSIONER(2023-VIL-472-AP) dated 18th July 2023
This tax will be applied to the funds collected by gaming companies from consumers, leading to increased costs for players. As a result, consumers will bear the burden of this tax. This is likely to discourage consumers from participating in online gaming, thereby negatively impacting the industry's overall growth.
Analysis of Rate Notifications issued post 50th GST Council Rate Decisions
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