Category: GST Advance Ruling Authority

Vehicles that were bought and leased before July 1, 2017, would be subject to GST at a rate equal to 65% of the applicable GST rate

Posted on By Chandan Tiwari No Comments on Vehicles that were bought and leased before July 1, 2017, would be subject to GST at a rate equal to 65% of the applicable GST rate

In order to provide relief to old/existing leases of motor vehicles, GST Council in its 22nd Meeting held on the 6th October, 2017 in the national capital took several decisions in respect of motor vehicles purchased and leased prior to 1st July, 2017. These decisions are as given below:- a) Leasing of vehicles purchased and…

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CGST, GST, GST Advance Ruling Authority, GST Filing, GST Intelligence, GST On Trust, GSTR-1, GSTR-3B, IGST, SGST

HOW WILL IT HELP CONSUMERS?

Posted on By Chandan Tiwari No Comments on HOW WILL IT HELP CONSUMERS?

Today consumers have no idea about the extent of taxes they pay on goods. If you get a bill after buying merchandise which gives the extend of VAT you have paid, it is an understatement of the actual tax you have paid. Remember, well before merchandise reached the retail outlet, the central government has collected…

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GST, GST Advance Ruling Authority, GST Filing, GST Intelligence, GST On Trust, GST Rates, GST Registration, GST Revenue Collection, GSTR-1, GSTR-3B, ICSI, IGST, Marketing, Media