Petition for seeking approval of Change in Law event, i.e., enactment of the Integrated Goods and Services Tax Act. For more information please see below link:
Petition for (i) approval of ‘Change in Law’; and (ii) consequential relief to offset the financial/ commercial impact of the ‘Change in Law’ event i.e., increase in the rate of GST from 5% to 12% – EQ Mag
Petition for (i) approval of ‘Change in Law’; and (ii) consequential relief to offset the financial/ commercial impact of the ‘Change in Law’ event i.e., increase in the rate of GST from 5% to 12%. For more information please see below link:
GST cut on electric vehicle sold without battery pack to 5% – EQ Mag Pro
EVs attract a 5 per cent GST, while lithium-ion batteries fall into the 18 per cent GST bracket, at present. In what may bring cheer to OEMs selling electric vehicles without a battery or providing Battery as a Service (BaaS) model, the Goods & Services Tax (GST) Council has fixed the tax rate at 5 […]
GST payable on Liquidated Damages recoverable from Belectric India on account of delay in Commissioning, qualify as a ‘Supply’: AAR – EQ Mag Pro
The Telangana Authority of Advance Ruling (AAR) has ruled that GST payable on Liquidated damages recoverable from Belectric India on account of delay in commissioning, qualify as a ‘supply’. The applicant, M/s. Achampet Solar Private Limited is engaged in production and distribution of electricity obtained from solar energy. They have engaged M/s. Belectric India (P) […]
Solar Developer Allowed GST Compensation on ‘Change in Law’ Grounds – EQ Mag Pro
GST on Specified Renewable Energy Devices and parts increased from 5 per cent to 12 per cent – EQ Mag Pro
New Delhi : The GST Council on Friday decided to continue concessional rate on certain drugs for treating Covid till year-end and lower duty on key anti-Cancer drug Keytruda to 5 per cent while deferring plans to include diesel and petrol in the GST ambit…Read More…
GST Council Secretariat suggests Council consider possibility of including petroleum products – EQ Mag Pro
The Goods and Services Tax (GST) Council Secretariat has suggested the Council look into the possibility of bringing petroleum products and aviation turbine fuel (ATF) under the ambit of GST, sources told CNBC-TV18 on Monday. The Secretariat has suggested the GST Council deliberate and make recommendations to include petroleum products and ATF under GST, sources […]
MERC Dismiss Tata Power’s Petition for GST Compensation
Tata Power Renewable Energy Limited (TPREL) filed a petition to Maharashtra Electricity Regulatory Commission (MERC) seeking Goods & Services Tax (GST) compensation. The commission released its final decision on this case on April 30, 2021 in which TPREL’s plea was dismissed. TPREL filed the initial petition on January 23, 2021 and later filed an amended […]
MERC Dismissed TPREL’s Plea for GST Compensation
Case of Tata Power Renewable Energy Limited seeking compensation due to increase in costs on account of change in rate of Goods & Services Tax amounting to a Change in Law event in terms of the Power Purchase Agreement dated 27 July 2018, executed with Maharashtra State Electricity Distribution Company Limited. For more information please […]
SC on Loan Moratorium LIVE Updates: Apex court says complete interest waiver not possible, can’t allow moratorium extension
SC on Loan Moratorium: A Supreme Court bench comprising of three judges said judicial review is not possible on economic policy matters. The Supreme Court has pronounced its judgment on a batch of pleas related to the six-month loan moratorium period, stating that it cannot allow waiver of complete interest and extension of the moratorium. […]