Andhavarapu Sridhar & Co, Chartered Accountants, Visakhapatnam

13/03/2023

23/02/2023

Dear All,

I am delighted to share that I have been elected as the Secretary for the Visakhapatnam Branch of SIRC of ICAI for the term 2023-24.

It's an honor to serve in this position and I'm committed to fulfill my responsibilities with the utmost dedication and sincerity in the best interests of to our members and students.

Best Regards,
CA Sridhar Andhavarapu,
Visakhapatnam.

31/12/2022

26/11/2022

స్వామియే శరణమయ్యప్ప

29/06/2022

*GST Council Meet Updates 28.06.2022*
*Tax Rates revision approved*

* Tax @ 18% on cheques, lose or in book form
* Witdrawal of exemption on services by department of posts except post cards, envelopes less than 10 gm
* Increase in GST on e-waste from 5% to 18%
* Withdrawal of exemption to services provided by RBI, Sebi, IRDAI, FSSAI
* Hotel accommodation below Rs 1,000 be taxed at 12%
* Withdrawal on GST exemption on storage and warehousing of taxable goods like sugar, natural fiber
* Withdrawal of exemption on services like fumigation of warehouses
* Withdrawal of exemption to business class air travel for northeastern states
* Withdrawal of exemptions on road and rail transport, when such services are input for business
* Withdrawal of exemption on services by way of slaughtering of animals
* Input tax credit Refund on account of inverted duty structure in edible oils, coal disallowed.
* GST Council approves to replace the term ‘branded’ with ‘pre packaged and labelled’ for retail sale to avoid disputes. (Branded cereals, food attract 5% GST currently)
* Exemption for food items, cereals sold loose or unlabeled continued.
* Tax increased LED lamps, ink, knives, blades, power driven pumps, dairy machinery from 12% to 18%
* Tax increased on milling machinery for cereals from 5% to 18%
* Tax increased on solar water heater, finished leather from 5% to 12%
* Tax increased on work contract services supplied to govt, local authorities to 18% to correct inversion
* Tax increased on specified goods for petroleum from 5% to 12% on input goods to correct inversion