The spread and wide use of digital platforms promoting the short-term accommodation rentals of private properties around the world demonstrated the existence of a gap in the legislation of the Republic of Cyprus. The issues that arose in view of the gap in the legislation for the commercial exploitation of private properties for short leasing […]
NEW DELHI: The government is taking a fresh look at exemptions in excise duty and services tax this Budget to prepare the ground for the roll out of goods and services tax (GST) by December this year. If implemented, this could mean a more expensive grocery bill as a host of packaged food items such […]
Since March 2022, the Chinese government has implemented value-added tax (VAT) credit refunds on a large scale to help enterprises in specific sectors facilitate cashflow and sustain a stable macroeconomic performance. From April to May 2022, the VAT credit refunds totalled 1.34 trillion yuan. According to the Announcement [2022] No. 21, starting from 1 July, […]
Haj and Umrah services by private tour operators will not be exempted from the Goods & Services Tax (GST) and service tax, the Supreme Court said on Tuesday and dismissed a bunch of 17 pleas. However, services provided by the Haj Committee will continue to get exemption. The matter was placed before GST Council in […]
GST Dept. issued clarification w.r.t. claiming of refund of tax wrongfully paid to the govt The GST Department issued Clarification in respect of refund of tax specified in section 77(1) of the UPSGST Act and section 19(1) of the IGST Act. The Text of the Representation Given Below: Representations have been received seeking clarification on […]
Albania: VAT Refund Process Update To print this article, all you need is to be registered or login on Mondaq.com. A new online VAT refund platform, provided by the General Directorate of Taxes, is available in Albania since 7 March 2022. This platform will be used to create, […]
Kenya: Ensuring Compliance With The Kenya Revenue Service: Tax Registration In Kenya 18 March 2022 Sidebrief Inc. To print this article, all you need is to be registered or login on Mondaq.com. In Kenya, registering for taxes is processed through the Kenyan Revenue Authority (KRA). The body is […]
The Uttarakhand High Court has stayed the operation of a Circular issued by the Revenue Authorities, to the extent it inhibits refund claims for a period of two separate (not successive) financial years and requires filing of Refund in a chronological manner. The Bench comprising of Justices Sanjaya Kumar Mishra and Alok Kumar Verma has […]
To print this article, all you need is to be registered or login on Mondaq.com. Goods and Services Tax was introduced in India in July 2017 replacing the erstwhile taxation regime of multiple taxes applicable on business transactions. As a result, Service Tax was also subsumed into the GST system. However, even after more […]
Proposed Amendment under the Finance Bill 2021 Clause 99 of the Bill seeks to amend section 7 (1) of the CGST with retrospective effect from July 1, 2017, by inserting a new sub-clause (aa). The amendment seeks to ensure levy of tax on activities or transaction involving supply of goods and services by any person, […]