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Summary of GST Circulars dated 17.6.21

By VKGCA
June 17, 2021
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The government released GST Circulars on 17.06.2021, thereby resolving disputes in relation to the following matters: Status of Anganwadis for GST purpose and taxability of input service of serving food to educational institute based on who sponsors it. Taxability of the following:a) Annuity received as consideration for construction of Road/ Bridgeb) Services rendered by the […]

Amendments with respect to Provident Funds

By VKGCA
May 24, 2021
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The Finance Act, 2021 brought certain amendments with respect to taxation of Provident Fund Interest Income. The very purpose behind such amendment was to tax interest income earned against the employee contribution, considering the fact that the rate of interest offered in the case of Provident Funds is relatively higher and the same induced people […]