Blogs & Articles

The wait for liquor companies to get clarity on the taxation of Extra Neutral Alcohol (ENA), used for distilling alcoholic liquor for human consumption, is getting prolonged as the GST Act is yet to be amended. Companies assert that they are paying Value Added Tax (VAT) in some states and GST in others. Also, they are getting notices for non-payment of GST in some states and for VAT by VAT authorities in other states.

MUMBAI: The Rajasthan bench of the Authority for Advance Rulings has held that GST (Goods and Services Tax) is applicable on the rent if a residential property is used for commercial purposes by a lessee (who is registered for GST purposes).

PATNA: The Patna high court has slapped a cost of Rs 5,000 on a Goods and Services Tax (GST) officer for "forcible and illegal recovery" of percent tax amount from a person waiting to avail the statutory remedy of appeal before the GST tribunal which has not been made functional in Bihar. A division bench of Chief Justice K Vinod Chandran and Justice Rajiv Roy passed the order on Thursday while allowing the writ application filed by National Insurance Company, Patna regional office.

भारतीय रिजर्व बैंक ने कहा है कि 29 फरवरी के बाद पेटीएम पेमेंट्स बैंक लिमिटेड को कस्टमर अकाउंट या वॉलेट और फास्टैग जैसे प्रीपेड इंस्ट्रूमेंट में डिपॉजिट एक्सेप्ट करने या क्रेडिट ट्रांजेक्शन या टॉप-अप की परमिशन देने से रोक दिया गया है।