E-PaperAdvance Ruling News
Advance ruling: A useful tool for achieving tax certainty
An advance ruling helps a taxpayer to obtain the required clarity on taxability of a transaction in advance thereby enabling it to avoid future disputesUnder the GST, an advance ruling can be obtained with respect to registration requirement, classification, determination of time and value of supply, admissibility of input tax credit of tax paid and determination of the liability to pay tax
4 min read30 Aug 2019Vehicle owners to pay 18% GST on pollution check
The Goa bench of the AAR passed the ruling on an application filed by Venkatesh Automobiles on whether the service provided for issuing Pollution Under Control certificate on behalf of the state government is exempted from GST.
1 min read23 Oct 2018Streamlining of GST compliance fast becoming a long row to hoe
The pace at which applications are being filed is alarming, considering that it has only been 15 months since Goods and Services Tax (GST) has been implemented
1 min read17 Sep 2018Producers plan legal battle after GST rate for solar power projects fixed at 18%
Higher tax rate on solar projects becomes a cost for the producers, inflating the final price of solar power
2 min read13 Sep 2018GST: Setting up a centralized advance ruling authority—the sooner the better
Rising instances of contradictory verdicts on similar issues by authorities of various states is defeating the very purpose of advance rulings
2 min read4 Jul 201828% GST to be levied on e-rickshaw tyres
E-rickshaw tyres will attract 28% GST as they are registered as 'motor vehicles' under the Motor Vehicle Act, according to the order of the Authority for Advance Rulings
1 min read13 May 2018Delhi HC sets aside AAR decision on Jaypee-Formula One royalty issue
The HC said a payment by Jaiprakash Associates for use of Formula One World Championship logos and symbols to promote the Grand Prix couldn't be considered royalty
1 min read30 Nov 2016Transfer of foreign-owned IP not taxable in India: Delhi HC
The Delhi HC on Monday ruled that transfer of intangible assets like intellectual property whose owners were not based in India could not be taxed in the country
3 min read28 Jul 2016Tax concerns: many a slip between perception and reality
The government's scorecard on tax policy so far has certainly been good, but not bold enough to exorcise the spectres of the past
4 min read25 May 2015AAR clears air on taxing foreign software firms
AAR clears air on taxing foreign software firms
2 min read2 Feb 2010Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared