GST UPDATE

Desk of CA. Praveen Sharma

Series- 405

GST Updates

1- MIDC plot transfers to the third party under the GST scanner.

2- Traders' Body terms GST one of the most complicated taxation systems, urges FM for review.

3- Supplier of two separate contracts to a firm to pay GST on both: Guj AAAR. A company receiving separate orders from the Adani group for inverter duty transformers and supervision services is liable to pay GST on the entire project.

4- 50% of India's poorest pay nearly two-thirds of GST.

5- Odisha only State that clocked GST growth rate. Patnaik-led State achieves growth rate in GST revenues without any compensation in the post-GST period.

Regards

CA. Praveen Sharma

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