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Stern action if GST returns are not filed, warns Chief Commissioner
17 Aug

Taxpayers should file their GST returns for 2017-18 by August 31 and failure to do so will attract very severe consequences, including hefty penalty.< ...

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ADTOI demands GST exemption for domestic tourism
17 Aug

The Association of Domestic tourist Association of India (ADTOI) has demanded exemption of Goods and Services Tax (GST) for domestic tourism to encour ...

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Tamil Nadu: New industrial policy to suit GST regime on the anvil
17 Aug

Tamil Nadu government is in the process of formulating a new industrial policy to suit the present tax regime.
 “Since the current policy is V ...

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No GST on Cost of Tools supplied by Original Equipment Manufacturer Free of Cost
16 Aug

The Karnataka Authority of Advance Ruling (AAR) has ruled that, Goods and Services Tax (GST) not applicable on cost of tools supplied by Original Equi ...

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North eastern states witness over 30% growth in Apr-Jul GST collection
16 Aug

North eastern states registered over 30 per cent growth in GST collection during the first four months of the current fiscal 2019-20, much more than t ...

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PM Modi to take call on GST cut, economic revival package
16 Aug

Prime Minister Narendra Modi is set to meet the finance ministry to take a call on a possible stimulus package to revive the slowing economy.
The f ...

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No GST on Cost of Tools supplied by Original Equipment Manufacturer on Free of Cost
16 Aug

Facts of the case: §  The applicant is involved in the manufacture and sale of plastic moulds, press tools, jigs/fixtures/ gauges, injection ...

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Government may reduce GST on Automobiles
14 Aug

Sales slowdown facing the Indian automobile industry continues to worsen as revealed by the sales statistics in July 2019. These figures show that the ...

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Awareness meet on filing GST returns
14 Aug

An awareness meeting on filing of Goods and Service Tax Annual Return for 2017-18 by completing forms GSTR-9,GSTR-9A and GSTR-9C was conducted by the ...

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CBIC looks for public feedback to curb GST evasion by etailers
14 Aug

Before it amends Customs laws, the Central Board of Indirect Taxes and Customs (CBIC) is seeking public feedback on curbing duty and GST evasion alleg ...

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Poorer states leave industrialised peers behind in GST collection rates
14 Aug

Heartland states such as Bihar, Uttar Pradesh, Madhya Pradesh and Odisha showed improved performance in goods and services tax (GST) collection for 20 ...

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GST is no longer a dampener for housing sector
13 Aug

 Budget proposals are a clear positive for the housing sector, especially the affordable home category. This is a solid growth segment, and is cu ...

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No GST relief likely for auto sector
13 Aug

Automobile companies, who were banking on a Goods & Service Tax (GST) cut to bail them out from the slowdown that has gripped the sector, are like ...

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Glazed rakhi due to removal of GST, this time climbed glass, beads, stone
13 Aug

New Delhi is looking bright in the markets a year after all types of clusters are exempted from GST. Traditional rakhi makers and dealers have used gl ...

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GST: ‘Sub-optimal’ number of returns filed concerns CBIC, suggests outreach programmes to guide taxpayers
12 Aug

Even as the last date to file GST annual return and reconciliation statements is just around the corner, there aren’t many taxpayers who have been abl ...

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TV panel sales dip; manufacturers ask govt to lower GST, scrap import duty
12 Aug

Following some initial surge in demand during the ICC World Cup, TV panel sales have again witnessed a decline and manufacturers are now asking the go ...

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GST boost in real estate on finance ministry’s radar
12 Aug

The Union government is planning to incentivise homebuyers and create demand in the sluggish real estate sector with a slew of measures, including a p ...

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Need to bridge GST revenue gap: Thakur
10 Aug

CCTV cameras would be installed on the premises of all the 18 bottling plants of liquor situated in the state of Himachal  to check illegal trans ...

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GST Refunds, Subsidies, Payroll Incentives - Tamil Nadu’s Early Bird Offer For EV Players
10 Aug

 Tamil Nadu is planning to offer incentives to electric vehicle makers in order to increase EV adoption in India. The incentives to be offered wi ...

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State GST Act will continue in Jammu & Kashmir for the time being: Experts
09 Aug

The state goods and services tax (GST) will continue, says the Jammu and Kashmir re-organisation legislation, but according to officials and experts, ...

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FMCG companies seek tax relief on dealer discounts to lift sales
09 Aug

FMCG manufacturers, typically, offer discounts on the printed price to consumers to boost sales. The fast-moving consumer goods (FMCG) industry has pe ...

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Auto Industry representative meet FM, urge for reduction in GST rates
09 Aug

The meetings the Finance Minister has been holding over the past few days continued with the latest one with the country’s automobile sector. The indu ...

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Maharashtra tops in GST, contributes 15% of total collection in India
09 Aug

Maharashtra has contributed Rs 1.70 lakh crore revenue that is 15% of total Goods and Service Tax (GST) collection of all India in the year 2018-19. M ...

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GST cut, road tax revision to have positive impact on auto industry: Anand Mahindra
08 Aug

Anand Mahindra, chairman Mahindra & Mahindra (M&M), has urged the government to take a few short-term measures for reviving the automotive ind ...

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Do RWAs need to pay GST on society fee?
08 Aug

Even after more than two years of its implementation, there are ambiguities that crop up regarding the implementation of the goods and services tax (G ...

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GST trouble: Businesses reporting 20 per cent revenue fall receive notices
08 Aug

GST-registered businesses that have reported decline in annual revenue by 20% or more over the previous year have received a flurry of notices over th ...

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GST on discounts puts retailers in a spot
07 Aug

Tax on discounts that manufacturers and wholesalers extend to retailers for passing on to consumers is becoming an area of confusion and possible liti ...

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ITC a puzzle for value hunters
07 Aug

ITC's Q1 performance was soft versus its FY19 show but in-line with FMCG peers said HDFC Securities.Despite over two years since the last GST hike, ci ...

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Rahul Bose, banana and JW Marriott's GST trouble: An eye-opener for the hospitality industry
07 Aug

Who takes the GST bill? The owner or manager? It is imperative to revisit the manner in which such risks are attributed under operating contracts
J ...

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Two New Functionalities available in GST Portal
06 Aug

The Goods and Services Tax ( GST ) portal has enabled two new facilities for filing Form GST ITC-04 in the official portal to furnish the details of t ...

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Pay up interest for delay in paying GST refunds: Gujarat High Court
06 Aug

The Gujarat High Court has directed the authorities to pay interest for delay in paying GST refunds. The authorities were asked to pay the interest at ...

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PUVM seeks relaxation in filing GST returns
05 Aug

The Prantiya Udyog Vyapar Mandal (PUVM) state president Anil Goel said that the limit for registration under Goods and Services Tax (GST) should be in ...

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Firms may get to raise prices after transferring GST cuts
05 Aug

Companies are free to raise prices of products and services as per their business cycle without fear of getting caught in the anti-profiteering provis ...

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Telangana: 17% growth in state GST collections
05 Aug

Telangana has registered 17% revenue growth in the state goods and services tax (SGST) collections in the first quarter of 2019-2020. In the financial ...

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CAG flags deficiencies in functioning of GST
05 Aug

The recent report of the Union Comptroller and Auditor General (CAG) on the goods and services tax (GST) does praise its rollout as a landmark achieve ...

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Navayuga in trouble for fake GST invoices
03 Aug

Navayuga Engineering Company Limited, which was asked to suspend works related to the Polavaram project by the Andhra Pradesh (AP) government, is faci ...

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PTBA writes to CM, asks him to resolve GST refund matter soon
03 Aug

The ongoing problem of delay in processing of the GST refunds has resulted in more stakeholders coming forward to raise the concern. 
The Punj ...

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GST matters: CAG hits the nail on the head. The realities back up
03 Aug

In the context of the Goods and Services Tax (GST), the art of impossible got ratified twice. First, on July 1, 2017, with its introduction and second ...

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IT companies challenge government's plan to brand BPOs as brokers & GST in court
02 Aug

Are outsourcing units and BPOs merely intermediaries and brokers or are they exporters? About a week after the government released directions that Inf ...

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Hrithik Roshan's Super 30 exempted from GST in Haryana
02 Aug

The Haryana government on Thursday exempted the Hrithik Roshan-starrer Super 30 from the state goods and services tax (GST) with immediate effect.
...

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GST collections rise marginally to Rs 1.02 lakh crore in July
02 Aug

Gross GST collections stood at Rs 1.02 lakh crore in July, marginally up from the previous month. The July 2019 mop-up was, however, 5.8 percent ...

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Cheque-bounce charge to attract GST, rules AAAR
01 Aug

The applicant approached the AAR seeking clarity on whether the bounce charges collected should be treated as supply under the GST regime. Its content ...

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Fishmeal producers plan strike over retrospective levy of GST
01 Aug

The All-India Fishmeal and Oil Manufacturers’ and Merchants’ Association has said that its members will go an indefinite strike from August 1 over the ...

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Kerala to impose flood cess for two years
01 Aug

The Kerala government will levy 1% flood cess on goods and services transacted within the state. The proceeds from the cess will be used to ...

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GSTN releases offline tool of new GST return for trial run
31 Aug

Goods and Services Tax Network (GSTN) on July 30 released trial version of offline tools of GST forms related to supply of goods and services. The off ...

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'Super 30' to be exempted from state GST in Maharashtra
31 Aug

The BJP-led government in Maharashtra on Tuesday decided to exempt the film Super 30 from the state goods and services tax (GST).
The decision was ...

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Rahul Bose banana row: Nothing illegal in charging 18% GST, says hotel body
31 Aug

The Federation of Hotel and Restaurant Associations of India (FHRAI) on Tuesday reacted to a Chandigarh five-star hotel charging 18 % Goods and Servic ...

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Interest to apply only on net cash liability of unpaid GST
30 Aug

The present rate of interest on the delayed payment of tax liability is 18% per annum on unpaid GST. Such interest is charged on all modes of payment ...

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GST payers warned against relying on unscrupulous consultants
30 Aug

The Divisional officer of CGST Commissionerate in Coimbatore has nabbed a tax consultant for allegedly defrauding the department of ₹36 lakh.The consu ...

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Tax boost for EVs, GST slashed from 12% to 5%
29 Aug

In a landmark move by the government, the GST Council has brought down the GST rate on electric vehicles (EVs) to 5 per cent from 12 per cent. The mov ...

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JW Marriott Hotel fined Rs 25,000 for levying GST on bananas
29 Aug

JW Marriott was fined Rs 25,000 by the Chandigarh Excise and Taxation department for illegally levying 18 percent GST on fresh bananas served to actor ...

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Opinion | Redefinition of affordable housing, GST rate cut can boost real estate
29 Aug

Homebuyers are inundated with good news. Earlier this month, the budget proposed an additional deduction of 1.5 lakh on interest paid on loans for aff ...

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Man held in Ahmedabad for huge GST fraud
27 Aug

A man was arrested here for his alleged involvement in illegally utilising and passing Input Tax Credit of Rs 129.92 crore. With his arrest, the Preve ...

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Government is providing waiver on service tax, excise disputes
27 Aug

The Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 (‘LDS’) was introduced in the Budget this year. The scheme has been introduced with an inte ...

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Rahul Bose's expensive banana tweet puts JW Marriott in GST trouble
27 Aug

After a tweet by the actor telling about how he was charged the whopping amount of Rs 442.50 for two fresh bananas, Chandigarh Deputy Commissioner and ...

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Coaching Centres Demand Finance Minister To Reduce GST Rate
26 Aug

Representatives of major coaching institutes have met Union Finance Minister Nirmala Sitharaman and demanded to either remove the 18 per cent GST on c ...

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Assocham seeks inclusion of petroleum products in GST
26 Aug

Industry body Assocham  sought inclusion of petroleum products in GST and subsuming of some local and state taxes like stamp duty.The chamber sug ...

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GST Council meet updates: Meeting to be chaired by Nirmala Sitharaman gets postponed
26 Aug

The 36th GST Council meet slated to be held Thursday has been postponed. Finance Minister Nirmala Sitharaman was to consider the proposal to slash tax ...

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HC order could dilute Centre’s GST anti-profiteering efforts
26 Aug

A decision taken by the Delhi High Court recently has the potential to undo the government’s steps to provide the GST Anti-Profiteering Authority with ...

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Now, interest to apply only on net cash liability of unpaid GST
25 Aug

The Union Budget 2019 has provided relief to GST-registered taxpayers with several new updates. One such amendment relates to the interest on the dela ...

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36th GST Council meeting today; from electric vehicles to lottery, here's what's on agenda
25 Aug

Finance Minister Nirmala Sitharaman will chair the 36th meeting of the GST Council through videoconferencing in Delhi today. This will be the first GS ...

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BJYM to FM Sitharaman: Review 18% GST on coaching centres
25 Aug

BJYM, the youth wing of the BJP on Wednesday urged Finance Minister Nirmala Sitharaman to review the issue of 18 per cent GST on competitive exam coac ...

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Naturopathy, Yoga, Ayurveda qualify as health care, exempt from GST
24 Aug

The case came before the AAR, Goa, when Devaaya Ayurveda & Nature Cure Centre, a provider of treatment services to patients through Ayurveda, Natu ...

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Banks move court, challenging the government’s Rs 18,000 crore GST charge
24 Aug

Banks have challenged in court the government’s Rs 18,000 crore goods and services tax (GST), levied on them for services such as wealth management an ...

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Haryana makes healthy contribution to overall GST collection says Abhimanyu
24 Aug

Haryana has made healthy contribution to the national kitty in terms of goods and services tax (GST) collection, the state's Finance, Excise and Taxat ...

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18% GST on flat owners paying monthly maintenance of over Rs 7,500
23 Aug

Flat owners will have to pay GST at 18 per cent if their monthly contribution to resident welfare association (RWA) exceeds Rs 7,500, the Finance Mini ...

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GST Council may levy GST on petroleum goods at July 25 meet
23 Aug

The GST Council appears to have taken cognizance of the long-standing demand to bring petroleum goods under the GST ambit. 
Sources told that ...

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Finance Ministry clarifies on IGST on Jewellery
23 Aug

The Ministry of Finance has exempted gems and jewellery taken for display at exhibitions abroad from Integrated GST. Till now, gem and jewellery taken ...

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Co-op society not liable to deduct TDS under GST: AAR
23 Aug

A co-operative society is not liable to deduct tax at source (TDS) from its vendors for supply of taxable goods and services, Rajasthan’s Authority fo ...

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GST Council to decide on tax cut on EVs this week
22 Aug

The GST Council, chaired by finance minister Nirmala Sitharaman, will meet on July 25 and decide on lowering tax rates for electric vehicles, official ...

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Higher GST for monthly maintenance above Rs.7,500
22 Aug

The Tamil Nadu Authority for Advance Ruling (AAR) has held that if the amount collected by a registered housing society/resident welfare association e ...

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IAF made representation to DRI over 100 Crore IGST levied
22 Aug

The Indian Air Force has made a representation before the Directorate of Revenue Intelligence (DRI) to reconsider more than Rs 100 crore of integrated ...

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18% GST to levy on back end IT services as they don't qualify as export
22 Aug

Most facilitation services the IT and ITeS sector offers at the back end, especially with respect to business process outsourcing, may attract an 18 p ...

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No GST on gems meant for exhibitions abroad
20 Aug

The gems and jewellery industry has heaved a sigh of relief, as the finance ministry has announced no IGST will be levied on gem and jewellery carried ...

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Goa demands GST compensation for 5 more years: CM
20 Aug

Chief minister Pramod Sawant said that the Goa government will ask the Centre to continue compensating states for loss of revenue incurred due to the ...

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CBIC extends due date for Filing FORM GST CMP-08
19 Aug

The Central Board of Indirect Taxes and Customs ( CBIC ) has notified the extension for filing returns by the composition dealers in Form CMP-08.
T ...

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Interest subvention to Mercedes to reduce Interest rate to consumer attracts GST- TNAAR
19 Aug

The Tamil Nadu Authority for Advance Ruling (AAR) has ruled that the interest subvention income received by Daimler Financial Services India Private L ...

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GST: Reaping best benefits requires laws and compliance structures be made simpler
19 Aug

Given the federal structure of our country, we were compelled to introduce a dual GST where the central and state governments have equal right to le ...

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GST Implications on Online fantasy gaming platforms
18 Aug

Does Mumbai-based Dream11 lure people to spend their money for quick earning by taking a chance and does this amount to gambling, betting and wagering ...

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MPs demand reduction in GST on fertilisers, tractors
18 Aug

MP in Lok Sabha demands GST on fertilisers and agriculture machinery should either be reduced to zero or brought in the lowest slab.
MP said,& ...

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TN Farmers question GST on Kudimaramathu (Repair of Water bodies) work
18 Aug

Farmers have questioned the state government’s decision to impose GST on projects implemented under the Kudimaramathu scheme. 
Farmers raised ...

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GST rate on cement, steel and other building materials: Implications on housing sector
17 Aug

The Indian cement industry is the second largest cement producer in the world. The Government of India is focusing on developing affordable housing. H ...

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IIM Bangalore gets GST exemption for all long-duration programmes
17 Aug

In order to provide a major relief for prospective students, the Indian Institute of Management Bangalore (IIMB) has been granted exemption from Goods ...

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Collection of GST on exempted product, Fine Charged
17 Aug

The district consumer redressal forum in Tirunelveli has imposed a fine of Rs. 15,000 on a restaurant and the assistant commissioner for state GST (SG ...

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100-day plan of Modi 2.0: Strategic sales, simplifying GST slabs, credit to MSMEs
16 Aug

The Union government's 167 'transformative ideas for implementation in the first 100 days of the Modi governments second stint - that is by October 15 ...

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Telling Numbers: Growth of GST collection, from one fiscal to the next
16 Aug

The average gross GST collection in 2018-19 was Rs 98,114 crore per month, which was higher than the previous year’s average of Rs 89,885 crore, Finan ...

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Hyundai Kona Electric price could drop by up to Rs 1.40 lakh with GST reduction
16 Aug

If the proposal to slash GST on EVs from the current 12 to 5 percent is passed, the Hyundai Kona Electric’s price could be reduced by Rs 1.40 lakh.
...

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Two traders arrested for Rs 50 crore IGST refund fraud
16 Aug

The Belapur Central GST Commissionerate arrested two traders for allegedly floating over 50 shell companies to fraudulently to avail IGST refunds afte ...

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Sitharaman's first Budget gives breather for delay in payments towards GST
15 Aug

The current mechanism of filing returns is being replaced by simplified forms that would come into operation in phases.
Those paying goods and serv ...

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Amnesty offer for pre-GST litigation
15 Aug

In her Budget speech, the finance minister flagged litigation pending from the pre-Goods and Services Tax period a matter of concern, saying Rs 3.75 l ...

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Hyderabad GST wing finds Rs 6,500 crore fraud in Goa, Sikkim Casinos
15 Aug

In a covert operation launched by the director general of GST Intelligence (DGGI), sleuths from the city unearthed Rs6,500 crore tax evasion by casino ...

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Decision of Gujrat HC came for GST relief for traders filing returns
13 Aug

Two years have been completed in the country in the field of Goods and Services Tax (GST). Revolutionary 'One Nation, One Tax' is also witness to many ...

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IT department vetting GST, civic licences in Madhya Pradesh, Chhattisgarh to widen tax net
13 Aug

To widen the tax net, the income tax department has begun scrutiny of the data of traders registered with GST network as also with municipal corporati ...

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Steady decline in number of return filers in last four months
12 Aug

While number of GST registered businesses has gone up between February to May this year, the number of return filers has declined sharply.Total number ...

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Extension of tenure of NAA is not enough, more results required
12 Aug

Anti-profiteering provisions have been in force for nearly two years and at the recent GST Council meeting the tenure of the National Anti-Profiteerin ...

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Delhi government cancels GST registration of 1,282 traders for fraud
11 Aug

The Delhi government has cancelled the GST registration of 1,282 traders who were found to be involved in the issuance of fake invoices. In addition, ...

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Fine Imposed on Hotel for charging GST on exempted goods
11 Aug

The district consumer disputes redressal forum in Tirunelveli has slapped a fine of Rs 15,004 on a restaurant for charging Rs 2 as Goods and Services ...

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Appeal mechanism provided against advance ruling authority
11 Aug

Since the advent of GST Laws, trade and industry have faced multifarious issues relating to uploading of returns, availing legacy Cenvat credit under ...

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CBI unearths Rs 3.75-crore worth assets of GST officers
10 Aug

The Central Bureau of Investigation (CBI) on 09/07/2019 conducted nationwide searches in the houses of Central Government employees who allegedly are ...

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Homestays to come under GST perview
10 Aug

The state goods and service tax department on 08/07/2019 issued notices to around 50 homestays in Fort Kochi area, stating that they should come under ...

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Relief for exporters as Centre to pay ITC refund for State GST
09 Aug

Major relief to exporters, the Centre will now pay the input tax credit (ITC) refunds of state taxes, thereby reducing transaction time and costs, and ...

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Publishers unhappy with the levy of 5 % custom duty on imported books
09 Aug

The government's decision to levy 5 per cent customs duty on imported books has not found much favour with the publishing industry, which feels ease i ...

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Excise duty increase on cigarettes caused fluctuations in ITC shares
09 Aug

ITC shares fell over a percent intraday on Ju ...

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Budget 2019 changes in GST in respect of the following points
08 Aug

  • Updation of Aadhar No. is compulsory for all existing and new registrations.
     
  • Taxpayers having annual turnover of less than ₹ ...

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Amendment in Sec 50 of cgst Act (Interest on delayed payment of tax)
08 Aug

The interest on tax payable in respect of supplies made during a tax period and declared in the return for the said period furnished after the due dat ...

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Amendment in Sec 49 of cgst Act(Payment of Tax, Interest, Penalty and Other Amounts)
08 Aug

A registered person may, on the common portal, transfer any amount of tax, interest, penalty, fee or any other amount available in the electronic cash ...

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Amendment Sec 31A
08 Aug

 The Government may, on the recommendations of the Council, prescribe a class of registered persons who shall provide prescribed modes of electro ...

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GST on Electric Vehicles Reduced to 5 Percent, Tax Benefits Upto Rs 1.5 Lakh on EV Loan
06 Aug

To make EVs affordable for consumers, government will provide additional income tax deduction of Rs 1.5 lakh on the interest paid on the loans taken t ...

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Simplified return form for GST registered businesses in offing
06 Aug

We are further simplifying GST regime. A simplified single monthly return being rolled out, taxpayers with annual turnover less than 5 crore need to f ...

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Reducing pre-GST load - Budget follows theme of minimum and relevant changes
06 Aug

The selective focus on driving “Make in India” has been continued to give a boost to the domestic industry. This has been done by using a three-pronge ...

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Arcade game in mall attracts 28% GST and go-karting 18%
05 Aug

If you enjoy speed driving, albeit in a gaming zone at your neighbouring mall, you will continue to bear the higher GST rate of 28%. In an order made ...

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Businesses to declare mismatch in GST returns form, outward supplies in annual returns
05 Aug

The Finance Ministry said that any mismatch in GST monthly sales return and outward supply details will have to be reported in annual return form and ...

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Luxury Carmakers Demand Reduction In GST Rates
05 Aug

Luxury carmakers have been demanding to reduce the GST rates on vehicles ever since the GST council had increased the cess to 25 per cent. Rohit Suri, ...

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No Input Tax Credit for GST paid on expenses incurred on promotional schemes
04 Aug

Input Tax Credit (ITC) will not be available on the Goods and Services Tax (GST) paid on expenses incurred towards promotional schemes, an order by th ...

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Sanitaryware industry urges Centre to cut GST to 5%, help improve hygiene
04 Aug

The sanitaryware industry has urged the Centre to rationalize Goods and Services Tax (GST) to 5 per cent from the existing 18 per cent to pare down th ...

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SIAM Asks Budget Council To Reduce GST Rates And Incentivise R&D Expenses
04 Aug

SIAM is demanding the government to bring the passenger vehicle segment under 18 per cent GST bracket form current 28 per cent which will help carmake ...

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Tax and Interest to be paid on item not declared in return earlier
04 Aug

The Finance Ministry on Wednesday issued a slew of clarifications regarding the filing of annual returns under the Goods and Services Tax (GST) in a b ...

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Agri-warehousing companies seek GST waiver ahead of Union Budget
03 Aug

Days ahead of the Union Budget, agri-warehousing companies have sought waiver of the 18 per cent GST imposed on such services to boost the farming com ...

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High expectations in the business world from the upcoming budget(05/07/2019) of Modi government
03 Aug

Finance Minister Nirmala Sitharaman is set to present Union Budget 2019 on July 5 and the expectations are high in the world of businessmen that this ...

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Amnesty offered on 20,000 pre-GST cases
03 Aug

The Gujarat government on 02/07/2019, in the modified state budget for the year 2019-20, declared an amnesty scheme to fast-track the resolution of ov ...

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GST may become two-tier tax with merger of 12%, 18% slabs
02 Aug

Former finance minister Arun Jaitley said policymakers could merge the 12% and 18% slabs under the goods and services tax going forward as revenue i ...

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National Anti-profiteering Authority gets teeth to probe beyond scope of DG’s complaint
02 Aug

The move comes on the heels of GST Council, the apex decision making body for the levy, extending the tenure of the NAA by two years. 
Ind ...

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June GST revenue collection at Rs 99,939cr; slips below Rs 1 lakh cr for the first time since February
02 Aug

Revenue collection from the Goods & Services Tax (GST) for June stood at Rs 99,939 crore. It slipped below Rs 1 lakh crore for the first time si ...

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Single rate GST not possible in a country with poor people
02 Aug

A single rate under the Goods and Services Tax (GST) is not possible in a country with poor people, former Union Finance Minister Arun Jaitley wrote ...

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Government to introduce further reforms in GST on 01/07/2019 to mark 2 years of rollout
01 Aug

Second anniversary of implementation of historic tax reform of Goods & Services Tax as 1st July is celebrated as the "GST DAY".Kicking off celebra ...

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As GST turns two, businesses seek further simplification, subsidy support
01 Aug

Two years after India’s biggest indirect tax reform rolled out on 1 July 2017, businesses and traders, both big and small, still have a long wish list ...

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Dealers to get input tax credit on GST for the post-sale discounts
01 Aug

Dealers will have to pay 18 per cent goods and services tax (GST) on the post-sale discount that their company gives to them if it asks them to do pro ...

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Govt. uses GST alerts for better compliance
29 Aug

An independent director of a large public sector company recently received a message that there was a mismatch in GST return filed by the state ...

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Sitharaman urged to bring cigarette taxation to pre-GST level
28 Aug

The Federation of All India Farmer Associations (FAIFA) has urged Finance Minister Nirmala Sitharaman to correct an error in cigarette taxation under ...

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How GST may lead to increased tax outgo for insurance companies
28 Aug

If the value of insurance premium not subjected to tax is treated as exempt, the insurance companies will be liable to substantial tax credit reversal ...

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ACMA pitches for uniform GST rate of 18% on all auto components
28 Aug

Automotive component industry body ACMA Thursday asked the government to ensure a uniform GST rate of 18 per cent on all auto components as part of me ...

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GST Council mandates e-ticketing for cinemas, industry players say no impact on business
27 Aug

During the 35th GST Council meeting, electronic ticketing system was made mandatory for multiplexes. The move is to keep a check on possible Goods and ...

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GST taxpayers will get 'risk scores'
27 Aug

The goods and service tax (GST) authorities will soon draw up a list of taxpayers with ‘risk scores’ that will decide the level of audit scrutiny they ...

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Importers do not need state-wise registration under GST regime
26 Aug

Importers with godowns or those which store goods at customs warehouses in different states got relief from the advance authority of ruling (AAR) unde ...

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Finance Minister, planning to link GST's e-way bill system to NHAI's Fastag system
26 Aug

The government has proposed to add Fast Bank system with e-way bills and logistics services. The Government expects that it will be possible to monito ...

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Inter-state office services to come under GST net
25 Aug

The government is set to make it clear that services provided by an office of an organisation in one state to another office in another state will fac ...

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GST Council to consider reducing tax on electric vehicles
25 Aug

The GST Council will consider reducing tax on electric vehicles, which are seen as more environment-friendly, and the matter is pending before it, Min ...

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Anti-profiteering investigation to do Mock purchases, premise visits planned to check B2B invoices
25 Aug

Taxmen could carry out ‘mock purchases’, visit premises and check invoices issued by top 20 goods and services suppliers as part of anti-profiteering ...

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GST Council grappling with how to impose uniform tax rate on lotteries
24 Aug

The fate of uniform or differential rates of GST on lotteries may be decided on the basis of an advice by the Attorney General K K Venugopal following ...

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Government to build case with proof
24 Aug

GST officers have one more task — conduct mock purchases to identify businesses that are not passing on benefits of lower taxes to consumers. With sev ...

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GST uncut, no simple steps to returns
24 Aug

As the government attempts a tightrope walk to enhance tax revenues, there is increasing disappointment in trading and business circles.At its 21.06.2 ...

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Govt unveils tough rules to prevent GST evasion
22 Aug

The Goods and Services Tax Council, led by finance minister Nirmala Sitharaman on 21.06.2019 introduced more stringent norms to check tax evasion and ...

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Last date to file annual tax returns under GST extended to August 31
22 Aug

The 35th GST council on 21.06.2019 extended the date for filing annual returns under the Goods and Services Tax (GST) regime by two months to August 3 ...

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GST Council takes decisions to ease registration, returns filing
22 Aug

The Goods and Services Tax (GST) Council at its 35th meeting on 21.06.2019 took a number of decisions aimed at easing the registration and returns fil ...

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Auto, real estate companies may not get relief at GST Council meet
21 Aug

Issues related to the tax structure for solar projects, reduction in tax rate on electric vehicles, and more are expected to be discussed during Sitha ...

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Government identifies 5,106 ‘risky exporters’ who have fraudulently claimed GST refunds
21 Aug

According to government, such fraudulent claims of Integrated GST (IGST) refunds by exporters could exceed Rs 1,000 crore. The government on 20.06.201 ...

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Simple GST filing, collateral-free loans in traders’ wishlist for Nirmala Sitharaman
21 Aug

Traders’ body Confederation of All India Traders has sought simplification in filing the Goods and Services Tax (GST) return and also an extension in ...

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Govt. intensifies 5106 risky GST exporters
21 Aug

The government on Thursday said it has identified 5,106 “risky exporters” so far who have claimed GST refunds based on bogus invoices, and would man ...

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Sitharaman's 1st GST council meet as FM today
21 Aug

Finance Minister Nirmala Sitharaman will chair her first meeting of the GST council on 21 June which, among other things, would consider extending t ...

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Tax body seeks extension of GST return filing by four months
20 Aug

Tax and legal consultants on 19-06-2019 complained about the time-limit of three months given to file the GST returns for 2017-18 as hundreds of ame ...

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Odds may stack up against GST on lotteries at Council meet on 21.06.2019
20 Aug

The issue of the goods and services tax (GST) rate on lottery may turn acrimonious in the GST Council meeting on 21.06.2019, with Kerala Assembly pass ...

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Experts urge GST Council to tax 'bidi' at 28% to 'save millions of lives'
20 Aug

Public health groups along with doctors and economists have urged the GST Council to classify 'bidi' as a demerit good and levy the highest 28 per cen ...

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GST on electric vehicles may be reduced to 5%
19 Aug

India may cut the goods and services tax (GST) on electric vehicles to 5% from 12% to provide a stimulus to the sector that’s a high priority for the ...

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Consumer appliance makers seek lower GST on large-screen TVs, air-conditioners, refrigerators
19 Aug

Consumer electronic goods makers have sought lowering the GST rate to 12 per cent on appliances like large-screen televisions, air-conditioners and re ...

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Fraud prompts govt to act tough on errant exporters
19 Aug

The government has decided to crack down on errant exporters who it suspects have been showing inflated exports and low income, as well as ...

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Government rules out bringing oil products under GST for now
18 Aug

The Centre has virtually ruled out including petroleum products within the ambit of GST immediately turning down repeated demands from the aviated sec ...

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Real estate sector pitches for increased bank funding, reintroduction of ITC in GST
18 Aug

In its wishlist for the upcoming budget, the first one to be presented by the new government, the real estate sector has pitched for increased bank fu ...

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GST return filing: These are the major changes in the process from July
18 Aug

As proposed by the GST Council, a trial run of the new return filing mechanism called the GST 2.0 is expected to be launched starting July 2019. A ful ...

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GST Council may give 1-year extension to anti-profiteering authority
17 Aug

Council to also take a call on setting up a combined bench for all north-eastern states as well as one bench to deal with appeal cases in six Union Te ...

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Tax practitioner wants to extend GST annual return deadline
17 Aug

Tax practitioners from Gujarat have written to central and state governments that it is not possible to file GSTR-9, the annual return of GST within t ...

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ED wants GST violation booked as PMLA offence
17 Aug

The Enforcement Directorate (ED) has written to the government to include violations of Central Goods & Services Tax (CGST) Act in the scheduled o ...

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Karnataka wants GST compensation extended beyond 2022
17 Aug

As Karnataka  will have limited scope to mobilise additional revenue beyond 2022, there would be a steep fall in our revenues by the end of ...

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builders pulled up for not passing GST gain to homebuyers
17 Aug

In a setback for real estate developers, the National Anti-Profiteering Authority has held that homebuyers cannot endlessly wait to  get t ...

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Traders union CAIT releases White paper on GST
15 Aug

CAIT said in the paper that various items like auto parts, aluminium utensils etc., are not of luxurious nature (and) should be taken out from 28% tax ...

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GST On Cars, Bikes needed To Be Brought Down
15 Aug

The run-up to India's annual financial statement, the Union Budget, has begun. The spotlight is now on India's first full-time woman finance minister, ...

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Credit mismatch to be avoided while filing GSTR-9
15 Aug

For credit that has already been claimed in the GSTR-3B return, as well as credit claimed in the auto-generated GSTR-2A return, it is imperative that ...

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GST credit: A extreme need to incorporate learnings from the past
14 Aug

The provisions on input tax credit under the GST have been well-defined and are more comprehensive than the erstwhile regime. However, there are still ...

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GST commissioner to arrest tax evaders
14 Aug

Since the GST law provides a commissioner the power to arrest a person in case he has reasons to believe that the tax evasion is likely to be more tha ...

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Commercial hit due to unfavorable 'GST' provisions
14 Aug

The provisions for goods and service tax (GST) 's sanitary latrine and food service industries have been unfavorable, they have to face big business c ...

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Cut in GST rate on footwear to promote growth
13 Aug

The council has sought reduction of GST rate to 12 per on footwear priced above Rs 1,000. Leather exporters in the country have urged the finance mini ...

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GST can be reduced on many products including AC, industry wants tax concession in view of slowdown in economy
13 Aug

Government can give another relief to consumers even before the budget. For this, the GST Council may consider bringing down the products like AC, veh ...

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New GST return form will apply from October, offline trial from July
13 Aug

GST Return filing system will be implemented from October 2019. From July through offline tools its trial will start. Businesses with more than 50 mil ...

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New GST return system for taxpayers
12 Aug

The government has unveiled a transition plan for taxpayers under the goods and services tax to switch to new simpler return forms. In order to ease t ...

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Simplification and rationalization in GST demanded by Chandigarh traders
12 Aug

City traders have demanded for simplification and rationalization of Goods and Services Tax (GST). In a recent meeting of trade welfare board, the mem ...

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Govt plans big move to stop large-scale tax evasion
12 Aug

With a foolproof system to match all transaction invoices being delayed inordinately, the Goods and Services Tax (GST) Council will soon have a facili ...

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Builders must pass on the GST benefit to homebuyers
12 Aug

Experts Recent rulings by National Anti-Profiteering Agency have made it  clear that citing practical difficulties for inability in passing on th ...

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The further downgrading of the GST rate of goods
11 Aug

Amid concerns of an economic slowdown, the first GST Council meeting under the re-elected Modi government may look at further trimming the highest tax ...

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GST council meeting on 20th June, this time we can get relief
11 Aug

The Goods and Services Tax (GST) Council meeting is due on June 20. This is the first meeting of the GST Council in the second term of the Modi govern ...

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CPI preparing a memorandum on GST rates to save MSME
11 Aug

The CPI is in the process of preparing a memorandum on the GST requirements for the MSME sector, which is feeling the pinch of higher tax rates. The M ...

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More items likely to go off highest GST slab
10 Aug

India could review the goods and services tax (GST) structure to further prune the number of items in the highest slab of 28% as it attempts to stave ...

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GST Council , may fix Rs 50 cr turnover threshold for e-invoice
10 Aug

The finance ministry is likely to propose ₹50 crore as the turnover threshold for entities to generate e-invoice on a centralised government portal fo ...

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National Restaurant Association writes to government for dual GST structure
10 Aug

The main restaurant industry body has written to the government, demanding that restaurants be given the option to choose a higher GST rate than now l ...

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Government keen to bring fuel duo under GST umbrella
10 Aug

The Narendra Modi-government would be keen to push the inclusion of natural gas and aviation turbine fuel (ATF) within the ambit of the goods and serv ...

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GST Annual Return filing Due Date won’t be Extended
08 Aug

The Ministry of Finance recently reminded that the last date to file GST Annual returns will continue as June 30 and there would not be any further ex ...

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Maharashtra Commission Rejects Solar Power Developer’s Petition for GST Compensation
08 Aug

Independent solar power producer Azure Power’s petition to Maharashtra Electricity Regulatory Commission (MERC), requesting to order Maharashtra State ...

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Maharashtra Govt announce GST settlement scheme 2019
08 Aug

G.S.T. Department announced a settlement scheme which is a unique opportunity for registered and unregistered dealers to settle arrears for pre-GST pe ...

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Rs3K penalty on retail store for charging GST on discounted Price
07 Aug

Holding that the practice of charging extra GST on discounted price was an unfair trade practice, which has already been depreciated by the National C ...

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Three held in Panipat over GST scam
07 Aug

The police on Tuesday nabbed three persons for their alleged involvement in the fake GST bill scam. The accused were identified as Rajesh Mittal, Inde ...

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Exporters want benefits of Capital Goods Scheme under GST regime
07 Aug

Many Indian exporters approached the Delhi High Court last week against the government for not extending the benefits of EPCG (Export Promotion Capita ...

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‘GST 2.0 could deal 30% hit to working capital initially’
06 Aug

To simplify the process of filing goods and services tax (GST) returns and curbing tax evasion, the GST Network (GSTN) recently launched a prototype o ...

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Tamil Nadu streamlines enforcement systems for GST
06 Aug

With implementation of Goods and Services Tax (GST) requiring a fundamental change in the way Commercial Tax Department functions, the Tamil Nadu gove ...

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Exporters approached Delhi HC against govt. after EPCG benefits curtailed under GST
06 Aug

Many Indian exporters approached the Delhi High Court last week against the government for not extending the benefits of EPCG (Export Promotion Capi ...

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Indian Companies' GST returns and accounts to be audited for the first time, Experts want no penal action
05 Aug

India Inc. is gearing up to face the first test of their goods and services tax filings, with the authorities looking to initiate audits by picking ...

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No change in last date to file annual GST return: Finance Ministry
05 Aug

The Union Finance Ministry, on Tuesday, issued a detailed clarification on the annual return filing for the Goods & Services Tax (GST). The last ...

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Finance Ministry assured that IGST credit accrued in FY18 won't lapse even if not claimed in that fiscal
05 Aug

The Finance Ministry Tuesday assured trade and industry that input tax credit accrued on import of goods by paying GST in 2017-18 will not lapse eve ...

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Consumer goods firms want GST on ACs, large TVs cut to 18%
05 Aug

White goods makers want Goods & Services Tax (GST) on air conditioners (ACs) and large televisions (above 32 inches) to be reduced to 18 percent ...

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GST collected on UoM’s sports camps, athletes disappointed
04 Aug

The sports camps conducted by the University of Mysore (UoM) provides scores of budding athletes and sportspersons across the city the ideal launchpad ...

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GST Council likely to tweak textiles rates in line with global markets
04 Aug

The Goods and Services Tax Council, which is likely to meet for the first time after elections in the first half of this month, is likely to take up r ...

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Hundreds of fake companies playing on the name of Fraud / GST claim
04 Aug

The government has identified hundreds of fake companies taking input tax from the government. Now the action is taken against them. These companies a ...

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Society of Automobile Industry (SIAM) has sought reduction of GST on all vehicles to 18 per cent from the current rate of 28 per cent.
03 Aug

Passing through one of the longest sales slowdowns, the auto industry has sought reduction of GST on all vehicles to 18 per cent from the current rate ...

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GSTN move to give leg-up to software product firms
03 Aug

Six firms to offer software free of cost to the targeted 8 million small businesses. A government bid to democratise access to accounting software by ...

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Govt probes I-T and GST mismatch in crackdown against evaders
03 Aug

Modi Government is set to take up the next stage of action against tax evasion and money laundering with data analysis helping detect thousands of ove ...

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Government collects Rs 1,00,289 crore GST in May
03 Aug

For the third month in a row, government has managed to collect over Rs 1 lakh Goods and Services Tax (GST). India’s gross GST revenues in month of Ma ...

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Kerala Flood Cess levy deferred to 1st July, 2019
03 Aug

On May 31, 2019, Kerala Government through notification G.O. (P) No. 82/2019/TAXES, has announced postponement of the date of levy and collection of K ...

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Telangana firms caught evading GST in major tax scam worth crores
01 Aug

The nine firms would buy goods from unregistered suppliers, raise fake invoices and claim input tax credit to evade paying GST.Four persons were arres ...

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Do not get arrested on theft of GST under 2 crore rupees
01 Aug

The Supreme Court GST ( GST after the due arrest in a case of theft) and the decision of the High Court it is anxiety about Krobarion. But GST experts ...

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Stay on GST interest relief for late payers
31 Aug

There is a fresh wave of hope among businessmen and GST payers in Gujarat after Delhi high court issued a stay on levying interest on gross tax liabil ...

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GST: Post-supply discounts
31 Aug

The AAR in the case of M/s MRF Limited [2019 (3) TMI 928] was of the view that the value of supply shall be the value indicated on the original GST in ...

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New GST return forms to help authorities check tax evasion
31 Aug

New forms will prevent companies from claiming any more rebate from govt than they are eligible for The original date for businesses to compulsorily s ...

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No anticipatory bail, GST violators can be arrested without FIR, clarifies SC
30 Aug

The Supreme Court suggested to the high courts to not to grant anticipatory bail to those who default on the goods and services tax, reminding th ...

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Apex auto lobby body to make an appeal to government to reduce GST on vehicles
30 Aug

The Society of Indian Automobile Manufacturers (SIAM), the apex lobby body of vehicle makers, will meet the government to seek a reduction of the Good ...

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Polypropylene mats now attract 5% GST
30 Aug

The rate applicable was 18% earlier.The Tamil Nadu Advance Ruling Authority has clarified that polypropylene mats, which are plaited using polypropyle ...

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GST to be charged on total pool of deposits of fantasy sports gaming company
30 Aug

Tax officials could soon charge gaming companies GST on the total pool of deposits. Currently, gaming platforms only pay taxes on earned commission .T ...

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GST Network offers free accounting and billing software to MSMEs
29 Aug

GST Network (GSTN) said that it has started offering free accounting and billing software to MSMEs with annual turnover of up to Rs 1.5 crore, which w ...

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IRIS Peridot App : Get Credit for GST You Paid
29 Aug

  
In all business transactions, you get an invoice from your supplier (or even restaurant) which includes his GST (Goods and Services Ta ...

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GST Council sets up 2 sub-groups to examine legal, technical aspects of e-invoice for B2B sales
29 Aug

The GST Council has set up two sub-groups to look into the policy and technical aspects, such as turnover threshold and mode of generation, for e-invo ...

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GST standard rates may not be merged any time soon
28 Aug

Clubbing 12% and 18% rates may cause an annual revenue loss of 1 lakh cr. The Revenue Department does not think it would be appropriate even in the ne ...

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Kerala became the first state to impose cess on GST
28 Aug

The calamity cess on GST, aimed at raising funds to rebuild Kerala from the devastation caused by last year’s floods, will be levied by the state’s ta ...

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With new government, hopes of early inclusion of gas, ATF into GST fold brightens
28 Aug

At least two out of five petroleum products, including the aviation turbine fuel or ATF and natural gas, are likely to be among the first set of petro ...

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E-invoice system under GST soon
28 Aug

Top companies in the country may have to rely on a common goods and services tax portal to issue invoices to their customers. The government is l ...

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Single authority for sanctioning and processing GST refund is in the offings
27 Aug

A single authority for sanctioning and processing GST refunds is in the offing as the Finance Ministry looks to speed up and simplify the process for ...

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Realtors may get GST relief on development rights
27 Aug

A new service tax ruling may offer real estate developers relief on the Goods & Services Tax (GST) liability ontransfer of rights in a property fo ...

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GST Council to implement changes in phased manner
27 Aug

Big businesses will have to start filing goods and services tax returns in the new form before others, with the authorities planning a gradual approac ...

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Top priorities : Easing E&P norms, getting petro products under GST
27 Aug

The new government may also introduce a separate scheme for revival of stranded gas-based power projects. Further push for inclusion of key petroleum ...

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No GST at duty-free shops: HC
25 Aug

Multiple court rulings on payment of goods and services tax at duty-free shops are making life confusing for those buying perfumes and chocolates from ...

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Realtors’ GST choice to make houses dearer
25 Aug

Houses may get dearer as over 90 percent realtors have opted for the lowered Goods and Services Tax (GST) slabs without Input Tax Credit (ITC) that is ...

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Foreign fund managers get mandate to loosen purse strings
25 Aug

Fund managers who are investing in India from abroad are bullish about the market on the back of a decisive mandate for the Narendra Modi-led alliance ...

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GST Network releases prototype of new simplified return filing form; to be launched from 1st July 2019
24 Aug

GST Network on Wednesday released a demo tool for the new and simplified return filing form which will be launched sometime later in the year.The prot ...

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GST on fuel, easier licensing rules are needed to energise the power sector
24 Aug

Bringing key petroleum products in the ambit of the Goods and Services Tax, easing licensing needs and taxation for upstream projects, enhancing third ...

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New GST regime may hurt Builders
24 Aug

Real estate developers have to pay more taxes under Goods and Services Tax (GST) for residential projects, if they source a bulk of their inputs (like ...

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Finance commission may not extend GST compensation
23 Aug

The 15th Finance Commission is unlikely to heed the request of state governments to extend the period for the GST compensation beyond the initial five ...

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Home buyers will have to pay 12% GST on dues if completion certificate issued by March 31
23 Aug

The GST Council had in March allowed real estate players to shift to 5 per cent GST rate for residential units and 1 per cent for affordable housing w ...

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draft of a new and simplified GST return form unveiled
23 Aug

The Goods & Services Tax (GST) Authority has come out with a draft of a new and simplified return form. The new form is expected to be formally ro ...

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RBI should come out with revised directive on bankruptcy
23 Aug

The Reserve Bank of India (RBI) should swiftly come out with its revised directive on the resolution of stressed assets, given that the country dire ...

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Prototype of simplified GST format released
23 Aug

GST Network on Wednesday released a demo tool for the new and simplified return filing form which will be launched sometime later in the year.  ...

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Hotels, realtors move Delhi High Court over Input Tax Credit issue
22 Aug

Many hotels, malls and real estate companies that were denied input tax credit under Goods and Services Tax (GST) mechanism in certain situations have ...

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Most real estate developers across the State opt for 12% GST slab for ongoing projects
22 Aug

Most real estate developers across the State have opted for the old Goods and Services Tax (GST) rate of 12% for ongoing residential projects, as they ...

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Casino can get relief in GST
22 Aug

The Central Government can take a soft look at the GST on Casino Business. According to sources, the Finance Ministry is considering putting GST on th ...

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Importers can breathe easy as Gujarat HC stays IGST levy on ocean freight
21 Aug

Importers can breathe easy as the Gujarat High Court has stayed the levy of Integrated Goods & Service Tax (IGST) on ocean freight. IGST is levied ...

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HC allows input tax credit(ITC) under GST regime to realtor making shopping mall
21 Aug

The Orissa High Court has resolved an important issue of blocked credit under the goods and services tax (GST) regime for real estate companies constr ...

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Charging GST on the discounted price an unfair trade practice.
21 Aug

Charging GST on the discounted price of the product having MRP inclusive of all taxes is an unfair trade practice.
This was stated by the District ...

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Hotels, realtors move Delhi HC over ITC issue
21 Aug

Many hotels, malls and real estate companies that were denied input tax credit under Goods and Services Tax (GST) mechanism in certain situations ha ...

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GST Council may consider national bench of AAAR next month
20 Aug

The GST Council is likely to consider next month a proposal for setting up a national bench of the Appellate Authority for Advance Ruling (AAAR) to re ...

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Diagnostic Centres need not be registered under the Goods and Services Tax
20 Aug

The Kerala State Authority for Advance Rulings (AAR) has ruled that the diagnostic centres, being part of health care services need not be registered ...

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AAR allows ITC by debt settlement under GST regime
20 Aug

Companies can claim input tax credit (ITC) under the goods and services tax  regime even if the liability to pay for inputs between them, includi ...

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Goods can’t be detained for Defect in E-Way Bill since there is No Supply
18 Aug

A two-judge bench of the Gujarat High Court comprising Justice Harsha Devani and Justice Bhargav D Karia has held that the GST department cannot detai ...

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The Central Bureau of Investigation has arrested GST Inspector for accepting Bribe
18 Aug

The Central Bureau of Investigation has arrested an Inspector, E-way Bill Team-II, Central GST, Noida (Uttar Pradesh) for demanding and accepting a br ...

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The Kerala State GST Department alerts erring traders
18 Aug

The State GST Department has asked dealers under the composition scheme not to collect tax from customers. These dealers should remit the fixed percen ...

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Honest with I-T, but evading GST tweaking their GST returns
18 Aug

The directorate general of GST intelligence (DGGSTI) has come across huge mismatches in the turnover mentioned by businesses in income tax returns as ...

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consultancy charges received by the applicant in relation to pure services provided to State Govt. are exempt from GST-AAR Kerala
18 Aug

The Applicant is an agency of Govt. of Kerala engaged in the construction of roads, buildings, bridges, etc. The Applicant has been selected as Constr ...

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Higher GST will apply to dues on finished real estate projects: CBIC CBIC had clarified that the concessional rate of GST (5 per cent) would not apply to the payment of such dues.
17 Aug

The Central Board of Indirect Taxes and Customs (CBIC) has come out with another set of frequently asked questions (FAQs) to clear the air on GST on r ...

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GST filing to get simpler- The new simplified returns filing format, approved by the GST Council last July, is finally ready to be rolled-out after being deferred twice.
17 Aug

The new simplified returns filing format, approved by the GST Council last July, is finally ready to be rolled-out after being deferred twice. Under t ...

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The Central government has extended the deadlines for various Goods and Services Tax (GST) returns for taxpayers registered in cyclone-hit Odisha
17 Aug

The Central government has extended the deadlines for various Goods and Services Tax (GST) returns for taxpayers registered in cyclone-hit Odisha.
...

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Home buyers will have to pay 12 per cent GST on balance amount due to the builder if the housing project has been granted completion certificate by March 31, 2019, the CBIC has said.
16 Aug

Home buyers will have to pay 12 per cent GST on balance amount due to the builder if the housing project has been granted completion certificate by Ma ...

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National anti-profiteering authorities tenure may get extended.
16 Aug

India’s anti-profiteering framework may remain in place for another two years as the country eyes more changes to the goods and services tax (GST) str ...

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The Union finance ministry is finally ready to move ahead with the single monthly return system for the Goods and Services Tax (GST), a move that will simplify the process of filing returns and also getting input tax credit.
16 Aug

The Union finance ministry is finally ready to move ahead with the single monthly return system for the Goods and Services Tax (GST), a move that will ...

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Search justified where evidence found against petitioner for evasion of Excise Duty & matter is under investigation. HC Rajasthan
16 Aug

Writ petition was filed by the petitioner before the High Court of Rajasthan alleging that the search conducted in his premises by the officers of Dir ...

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HC directed GST authorities to allow manual filing of TRAN-1 in case GST portal does not respond. HC Allahabad
16 Aug

The petitioner filed writ so that time period for filing GST Tran-1 was to be extended as his application could not be entertained on the last date an ...

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The income tax department again defers GST, GAAR reporting in tax audit report till March 2020.
15 Aug

The income tax department May 14 deferred for the second time the requirement for companies to include in their tax audit report the details of Goods ...

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GST: National Anti-Profiteering Body Orders Probe Against VIP Industries
15 Aug

The National Anti-Profiteering Authority found a backpack and trolley distributor guilty of not passing the Goods and Service Tax rate cut benefits of ...

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Govt. mulls making UPI-based QR codes mandatory for shops
15 Aug

Digital payments in India, already witnessing unprecedented activity since Prime Minister Narendra Modi's demonetisation announcement in 2016, is like ...

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Goods seized due to difference of date in tax invoice & E-way Bill to be released on furnishing of security-HC Allahabad
15 Aug

The goods and the vehicle of the petitioner had been seized as the date of the tax invoice mentioned in the E-WAY bill was different from the date men ...

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HC directed Commissioner to consider extension of time of TRAN-1 which could not be filed due to technical error- HC Allahabad
15 Aug

The petitioner was not able to file Form GST TRAN-1 within the stipulated time due to technical difficulties in the GST portal and, therefore, moved a ...

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Automated GST refund for exporters who have paid Integrated Goods and Services Tax (IGST) while exporting goods by next month.
14 Aug

Exporters of goods and services as well as suppliers to SEZ units are likely to get GST refunds automatically from June as the revenue department plan ...

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Due date of GSTR-1 (Outward Supply) for the month of April 2019 for taxpayers having aggregate turnover more than Rs 1.5 crore extended to June 10' 2019
14 Aug

The due date for filing final sales return or GSTR-1 for April for taxpayers having aggregate turnover more than Rs 1.5 crore too has been extended by ...

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Due date of GSTR-3B for the month of April 2019 for taxpayers extended to June 20' 2019
14 Aug

The Finance Ministry has extended the deadline for filing summary sales return for April in 14 districts of Odisha affected by cyclone Fani by a month ...

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In relief to buyers National Anti-Profiteering Authority (NAPA) has ordered Puri Constructions to refund “excess” GST
13 Aug

In what will signal a relief to home buyers across real estate projects, the National Anti-Profiteering Authority (NAPA) has ordered Puri Construction ...

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The goods and service tax anti-evasion body has found Irregularities In Tax Payment By Coca-Cola Bottler.
13 Aug

The goods and service tax anti-evasion body has found irregularities in payment of tax by the bottler of Coca-Cola beverages in India. The Directorate ...

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In GST regime, trucks covering 10-15% more distance in a day’
13 Aug

After the implementation of GST and e-way Bill, trucks have been able to cover 10-15 per cent more distance in a day than what they used to do in the ...

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FMCG distributors face GST scrutiny for post-sale discounts.
11 Aug

NEW DELHI: Coca-Cola India’s bottling partner Hindustan Coca-Cola Beverages (HCCB) and distributors of FMCG and consumer durable firms have come under ...

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Delta Corp tanks 7% on report of Rs 6,189-cr GST evasion; co denies allegations.
11 Aug

Share price of Delta Corp ended nearly 7 percent lower on Friday after news report emerged that DG GST Intelligence has booked two Goa companies, incl ...

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GST Council extends deadline for realtors to opt for old GST rates with input tax credit for ongoing projects or shift to new lower tax rates.
11 Aug

The GST Council on Thursday extended by 10 days till May 20 the deadline for realtors to opt for old GST rates with input tax credit for ongoing proje ...

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GST Council extends deadline for realty firms to opt for old GST rate till May 20 earlier it was May 10
10 Aug

"The date for exercising the option for residential real estate project to either stay at old GST rate (8 per cent or 12 per cent with ITC) or to avai ...

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GST scrutiny on FMCG distributors for post-sale discounts
10 Aug

Coca-Cola India’s bottling partner Hindustan Coca-Cola Beverages (HCCB) and distributors of FMCG and consumer durable firms have come under the lens o ...

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Car dealers faces GST Scrutiny on discounts & freebies offered to customers
10 Aug

The indirect tax department is scrutinising discounts and freebies offered to customers by major car dealers across the country on suspicion that they ...

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Tata Harrier’ vehicle used for transportation of persons is a ‘motor car’ classified under Tariff Item 8703 32 91-AAR Maharashtra
09 Aug


The Applicant is in the business of manufacturing and selling both commercial as well as passenger vehicles and is launching its passenger vehicle ...

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Classification of a service to be decided by Apex Court only-SC
09 Aug

The respondent was an association, whose members were transport operators engaged in the transportation of goods entrusted by the customers. Show-caus ...

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Delhi HC stay on anti-profiteering proceedings against Abbott Healthcare may push others to challenge NAA orders.
09 Aug

The Delhi High Court's recent stay on anti-profiteering proceedings against Abbott Healthcare opening a window for companies facing such proceedings t ...

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Now, Home Owners may have to pay different GST rates for identical flats.
09 Aug

The taxman has asked builders to choose before May 10 the new GST rate for ongoing realty projects. The concessional rate, which came into effect Apri ...

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After reviewing a petition filed by the Solar Power Developers Association (SPDA) Delhi High Court Directs GST Council to Review Tax Structure for Solar Projects.
08 Aug

After reviewing a petition filed by the Solar Power Developers Association (SPDA) that challenges the new tax formulation structure for solar projects ...

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TVS Motor Company expects GST rate cut, easy credit to offset BS VI impact on moped.
08 Aug

TVS Motor Company, the only manufacturer of mopeds in India, is expecting that support from retail finance companies and a possible reduction in Goods ...

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The Central Bureau of Investigation has charged three Customs and GST officials based in Bengaluru for allegedly helping smugglers bring gold from Dubai in the form of paste.
08 Aug

The Central Bureau of Investigation has charged three Customs and GST officials based in Bengaluru for allegedly helping smugglers bring gold from Dub ...

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Tata Sons may face Rs 1.5 K Cr GST on Docomo payout
08 Aug

Tata sons may be staring at a tax demand of over Rs 1500 Cr following an investigation by the Goods and Services Tax authorities. The directorate gene ...

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All invoices for business-to-business sales by entities beyond a specified turnover threshold Will Have to be Generated on Govt Portal by September to Check GST Evasion
07 Aug

All invoices for business-to-business sales by entities beyond a specified turnover threshold will be generated on a centralised government portal by ...

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The Delhi High Court on Monday restrained the government from appointing members to the GST Appellate Tribunal without its prior approval, till further hearing of a case relating to a smaller number of judicial members in the body.
07 Aug

The Delhi High Court on Monday restrained the government from appointing members to the GST Appellate Tribunal without its prior approval, till furthe ...

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Why record high GST collection is an exception and not a norm yet
07 Aug

India’s goods and services tax revenue touched the highest ever in April, but the spurt in collections is far from becoming the norm just yet.
Coll ...

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HC directed Appellate Authority to dispose of appeal filed against seizure order within 2 weeks- HC Karnataka
07 Aug

The petitioner was engaged in the business of providing earth moving services. The Competent Authority had seized the goods under transport and also t ...

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Seizure notice issued to transporter for non-payment of tax on goods, was valid, even if he was not supplier of goods-HC Allahabda
07 Aug


The Competent Authority issued a show cause notice on the petitioner confiscating his vehicle. The petitioner filed a writ petition in the High Co ...

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Builder can’t charge higher GST for preferential location and facilities like car parking in apartments
04 Aug

There may be further GST (goods and services tax) relief for home buyers with the Authority on Advance Ruling (AAR) in West Bengal concluding that ser ...

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GST buoyancy
04 Aug

The final month of financial year 2018-19 has given the government some reason for cheer. Targets for indirect tax collections may have been missed fo ...

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Anticipatory Bail Petition dismissed where assessee indulged in issuing fake invoices without actual supply of goods-HC Madras
04 Aug


The petitioner had several entities engaged in the sales/purchases of Iron and Steel. All the entities had GST registration. The Competent Officer ...

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Beverage Cooler used for cooling and dispensing Coca Cola is classified under Heading No. 84186930, taxable at 18%-Allahabad CESTAT
04 Aug


The assessee imported a machine described as 'Beverage Cooler SC-80' and classified the same under Heading No. 84185000. However, the Adjudicating ...

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The central government plans to reduce GST rate and basic customs duty on gold
03 Aug

The central government is considering a sharp reduction in the import duty on gold, to four per cent from the current 10 per cent. This is part of the ...

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Why it may be premature to cheer the surge in April GST collection
03 Aug

The rise in GST collection to Rs 1.13 lakh crore in April 2019 is puzzling, given the weak IIP growth and subdued March quarter corporate earnings. Mo ...

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The GST collections in April jumped to Rs 1.13 lakh crore in April, the highest since its rollout
02 Aug

The GST collections in April jumped to its highest level of Rs 1,13,865 crore since its roll out in 2017. While collections have been gradually increa ...

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Lack of clarity and difficulties in furnishing series of new details asked in the annual return form under Goods and Services Tax (GST) are seen resulting in mismatches and record notices to taxpayer
02 Aug

Lack of clarity and difficulties in furnishing series of new details asked in the annual return form under Goods and Services Tax (GST) are seen resul ...

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Supplier of Taxable & Exempt supplies requires GST registration if his total turnover exceeds threshold limit-AAR Tamilnadu
02 Aug

The Applicant is society under Marine Products Export Development Authority, Ministry of Commerce & Industry, Government of India.It was registere ...

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Providing Back office support services to foreign clients is an Intermediary Service & not zero rated supply-AAAR Maharashtra
02 Aug

The Applicant is an Indian Company and is incorporated to provide back office administration & accounting services to overseas clients. The Applic ...

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Soon, the tax department will share ITR data with GSTN to detect tax evasion by business persons
01 Aug

Soon, the tax department will be sharing the income tax return (ITR) data of business persons with the Goods and Services Tax Network (GSTN) officer. ...

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Investigation by the Directorate General of Anti Profiteering (DGAP) Tata Starbucks guilty of profiteering Rs 4.51 crore by not reducing coffee prices
01 Aug

Investigation by the Directorate General of Anti Profiteering (DGAP) has revealed that Tata Starbucks, the equal joint venture between the Tata and gl ...

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No GST to be levied on the upfront amount payable in instalments for long term lease of plots
01 Aug

On April 30, 2019, vide Circular No. 101/20/2019-GST, CBIC has clarified that there is no liability to pay GST on the upfront amount which is determin ...

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CBIC clarifies the applicability of GST on Seed testing & certification
01 Aug

On April 30, 2019, vide Circular No. 100/19/2019-GST, CBIC has issued clarification regarding applicability of GST on supply of seed certification tag ...

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Spare parts & maintenance services supplied under an agreement, not being a natural bundle, shall be a ‘Mixed Supply’-AAAR Rajasthan
01 Aug

The Appellant provides maintenance services for the imported mining equipments through two separate agreements. Agreement 1 is ‘Comprehensive Maintena ...

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Small B2C entities, restaurants under scanner for GST evasion
30 Aug

GST officers are working out a mechanism to deal with non-payment of taxes by a large number of small restaurants and B2C entities which are collectin ...

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FMCG firm ITC and Baba Ramdev's Patanjali Ayurveda under lens for not passing on GST rate cuts to consumers
30 Aug

FMCG firm ITC and Baba Ramdev's Patanjali Ayurveda have come under the scanner of profiteering watchdog for not passing benefits of reduced goods and ...

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Flawed GST structure putting domestic makers of Indian Railways locomotives, rolling stocks at a disadvantage
30 Aug

Under Chapter 86 of the GST tariff rules, specified items for supplies to the railways are taxed at a benign 5% but without a refund of unutilised inp ...

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Incentivising Private Sector, lower GST rate on Hotels, to promote tourism
30 Aug

the Government should take steps such as rationalising GST rate for Hotels and Incentivising private participation to boost the tourism sector as ...

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Companies in Gujarat, Andhra and Haryana receives notices by GST authorities over ITC claims.
30 Aug

India Inc could face a tax landmine with tax authorities beginning to question input tax credit claimed by companies in lieu of Goods and Service Tax ...

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Government Plans to launch GST e-invoices to curb tax evasion
29 Aug

GST officers are working on a system where businesses above a certain turnover threshold will have to generate 'e-invoice' on government or GST portal ...

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Over 50 builders face probe for profiteering under goods and services tax (GST) regime
29 Aug

More than 50 property developers, including some of India’s top builders, are being investigated for profiteering under the goods and services tax (GS ...

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Dream11, other eGaming companies face potential tax liabilities on goods and services tax (GST)
29 Aug

The indirect tax department has started questioning some of the leading online fantasy gaming companies to ascertain if there is a revenue leakage on ...

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E-invoicing may begin under GST:- If the country adopts the system, businesses will likely have to issue invoices, or bills, directly via the GST Network, and the data will be available to the authorities right away. The GST Council has set up a committee to look into the feasibility of e-invoicing. “E-invoicing as a concept looks like a good mechanism to check tax evasion and also ease the compliance burden on businesses.”
27 Aug

E-invoicing may begin under GST:-  If the country adopts the system, businesses will likely have to issue invoices, or bills, directly via the GS ...

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GST refunds for exporters can now come in 3-4 days:- “Now, for the GST refund, if one is filing all returns in a perfect manner, if shipping bills are filed, if the shipment is on board and exported. There is a caveat though. For exports made under Letter of Undertaking (LUT) which is against a custom bond, exporters can claim refunds of input tax credit on goods and services that aren’t utilised. “In such a
27 Aug

GST refunds for exporters can now come in 3-4 days:-  “Now, for the GST refund, if one is filing all returns in a perfect manner, if shipping bil ...

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IGST credit to settle centre, state tax dues: CBIC Businesses that have accumulated Integrated GST (IGST) credit in their books can settle it against central and state tax dues in any proportion, the revenue department has said. Importers typically pay IGST on goods they bring into the country. Also IGST is paid on inter-state movement of goods. This tax is supposed to be set-off against the actual GST paid, or may be claimed as refund in certain cases. The Central Board of Indirect Taxes and
27 Aug

IGST credit to settle centre, state tax dues: CBIC 
Businesses that have accumulated Integrated GST (IGST) credit in their books can se ...

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Divergent AAR rulings on GST on AMCs put industry in a fix .Conflicting rulings from tax authorities of advance rulings in different states on applicable goods and services tax rate on annual maintenance contracts have caused considerable confusion in the industry and causes higher cost to the end consumers
26 Aug

The various Authorities of Advance Rulings (AARs) have pegged GST on annual maintenance contracts (AMCs) that companies offer to customers of various ...

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The issue of whether serving a scoop of ice-cream would be a supply of services or goods or whether it would be a composite supply, was recently examined by the Authority of Advance Ruling (AAR), Maharashtra bench. Based on the facts of the case, the AAR agreed that even serving scoops of ice-cream did not contain any service element and was a supply of goods. It would attract GST at 18% and the applicant would be able to avail input tax credit (in simple terms it refers to credit that is avail
26 Aug

AAR: An ice-cream scoop is a supply of ‘goods’, with 18% GST, but tax credit reduces the sting 
The issue of whether serving a scoop of ...

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The revenue department has allowed businesses whose GST registration has been cancelled due to non-filing of tax returns to apply for its revocation by July 22, provided they file their pending returns and pay due taxes. In a letter to field offices, the Central Board of Indirect Taxes and Customs (CBIC) said it is providing a "one-time opportunity" to apply for revocation of cancellation of GST registration by July 22, 2019, for the those entities for whom cancellation order has been passed up
26 Aug

The revenue department has allowed businesses whose GST registration has been cancelled due to non-filing of tax returns to apply for its revocation b ...

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In yet another simplification, Government has added flexibility into the way a company can utilise the available input tax credit. Any company would now be eligible to use credit available against paid integrated GST (IGST) to set off tax liabilities of state GST (SGST) and central GST (CGST) in any proportion and in any order, the GST Council said in a circular
25 Aug

In yet another simplification, Government has added flexibility into the way a company can utilise the available input tax credit. Any company would n ...

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Bringing relief to composition scheme taxpayers under GST, the FM has allowed such businesses to file “self-assessed tax” return on QTR basis in a simplified form. So far, businesses opting for composition scheme had to file tax returns every QTR in GSTR-4, which ran into around seven pages. As per a Central Board of Indirect Taxes and Customs notification, composition scheme taxpayers will now file GSTR-4 annually by April 30 for the previous FY ending 31 March
25 Aug

Bringing relief to composition scheme taxpayers under the goods and services tax, the Finance Ministry has allowed such businesses to file “self-asses ...

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3. CBIC has allowed 30 days to file all the pending returns where order for revocation of cancellation of reg. is issued
25 Aug

Vide notification no. 20/2019 dated April 23, 2019, CBIC has notified that all returns due for the period starting from the date of the order of cance ...

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The Central Board of Indirect Taxes and Customs (CBIC) has notified that the persons who failed to file the GST returns properly will not be able to generate the E-way Bills from 21st June 2019.
24 Aug

The Central Board of Indirect Taxes and Customs (CBIC) has notified that the persons who failed to file the GST returns properly will not be able to g ...

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The Telangana high court has rejected a writ petition challenging the imposition of interest on total goods and services tax liability including input tax credit, a ruling that has significant implications for industry. This means that tax authorities can levy interest on the gross tax liability of an assessee if there is any delay in tax payment
24 Aug

The Telangana high court has rejected a writ petition challenging the imposition of interest on total goods and services tax liability including input ...

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The GST profiteering investigation arm has found leading FMCG firm P&G India guilty of not passing on GST rate cut benefits to the tune of about Rs 250 crore by commensurate reduction in prices.
24 Aug

The GST profiteering investigation arm has found leading FMCG firm P&G India guilty of not passing on GST rate cut benefits to the tune of about R ...

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GST authorities fail to adhere to timelines.As per law, in case of exporters, 90% provisional refund must be granted to the exporter within seven days from the date of acknowledgement. Thereafter, upon detailed scrutiny, the refund order shall be issued within 60 days from the date of acknowledgement. Further, Section 56 of the Act prescribes that where the tax is not refunded within 60 days of the receipt of application, an interest at the rate of 6% shall be given to the taxpayer.
24 Aug

As per law, in case of exporters, 90% provisional refund must be granted to the exporter within seven days from the date of acknowledgement. Thereafte ...

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A two-judge bench of the Hyderabad High Court has held that the interest under section 50 of the Central GST Act, 2017 is payable on the total tax liability including a portion of which is liable to be set-off against the input tax credit.
23 Aug

A two-judge bench of the Hyderabad High Court has held that the interest under section 50 of the Central GST Act, 2017 is payable on the total tax lia ...

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The Telangana High Court has ruled that no input tax credit (ITC) is available unless GST returns are filed and a taxpayer is liable to pay penalty on the entire liability.
23 Aug

The Telangana High Court has ruled that no input tax credit (ITC) is available unless GST returns are filed and a taxpayer is liable to pay penalty on ...

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Police have busted a gang that would con city businessmen by filing fake GST returns on their behalf and claim input credits worth lakhs of rupees by generating fictitious transactions. Five of the accused have been arrested, while a hunt is on for the others
23 Aug

Police have busted a gang that would con city businessmen by filing fake GST returns on their behalf and claim input credits worth lakhs of rupees by ...

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1. HC directed GST authorities to take a decision within 1 month w.r.t. refund applications & pass speaking order- HC Punjab& Haryana
23 Aug

The assessee had moved online refund application claiming refund of the excess input tax credit, but no action was taken. It had filed a writ petition ...

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Application referred to AAAR where members of AAR had two different views w.r.t. classification of service-AAAR Telangana
23 Aug

The applicant is a contractor of Telangana State Mineral Development Corporation Limited (TSMDC).TSMDC has awarded the work to the applicant which inc ...

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The government has extended the last date for filing summary sales return, GSTR-3B, for March month by three days until April 23. "Due date for filing GSTR-3B for the tax period March 2019 has been extended to April 23, 2019," a ticker on GST portal 'gst.gov.in'' said
22 Aug

The government has extended the last date for filing summary sales return, GSTR-3B, for March month by three days until April 23."Due date for filing ...

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The Goods and Services Tax (GST) collection has improved in Odisha in 2018-19 in comparison to previous years. While during 2017-18, the GST collection was Rs 6,609.27 crore, it rose to Rs 12, 063.71 crore in 2018-19, said sources in the Finance Department.
22 Aug

The Goods and Services Tax (GST) collection has improved in Odisha in 2018-19 in comparison to previous years. While during 2017-18, the GST collectio ...

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The Directorate General of Anti-Profiteering (DGAP) has served a notice on technology major Samsung India for allegedly not passing on the benefits of GST reduction to its customers and in turn making undue profits, sources said. In December, the GST Council reduced the tax rate on televisions with screen sizes of up to 32 inches to 18 per cent from 28 per cent, which came into effect on January 1, 2019. Earlier, only the television sets with screens up to 26 inches were in the 18 per cent tax s
22 Aug

The Directorate General of Anti-Profiteering (DGAP) has served a notice on technology major Samsung India for allegedly not passing on the benefits of ...

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GST Annual Returns: 6 Things to keep in mind before filing!
20 Aug

GST Audit coupled with the return needs to be submitted. The audit is a window that showcases the true financial detail of the individual. Like return ...

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The indirect tax department that had arrested many promoters for circular trading and escaping goods and services tax may have to rethink its strategy after the Mumbai High Court granted bail to many of them.
20 Aug

The indirect tax department that had arrested  many promoters for circular trading and escaping goods and services tax may have to rethink its st ...

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Gems and jewellery exports from India declined 3.12 per cent in 2018-19 owing to credit crunch, delays in GST (goods and services tax) refunds, and high import duties on polished diamond. Industry captains don’t see improvement in export in FY20 eithe
20 Aug

Gems and jewellery exports from India declined 3.12 per cent in 2018-19 owing to credit crunch, delays in GST (goods and services tax) refunds, and hi ...

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Vigilance Bureau(VB) on Friday arrested a Hoshiarpur based assistant commissioner Sales Tax (GST) Mobile Wing and a Tanda based chartered accountant when they were accepting bribe of Rs two lakh from a marriage palace owner.
20 Aug

Vigilance Bureau(VB) on Friday arrested a Hoshiarpur based assistant commissioner Sales Tax (GST) Mobile Wing and a Tanda based chartered accountant w ...

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Mixing of rubber with other materials supplied by principal, constitute job work services, taxable at 5%-AAR Kerala
20 Aug

The Applicant is supplying rubber backed mats and mattings which are used for laying on the floor. These are supplied on job work basis for which mate ...

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Perfumed baby wipes/towels fall under HSN 3307 and those coated with soap/detergent under HSN 3401-AAR Gujarat
20 Aug

The applicant is engaged in the supply of Wet Baby Wipes, Wet Face Wipes, Bed, Bath Towels and Shampoo Towels. It has sought advance ruling regarding ...

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The government’s GST probe body has served a notice to Samsung India for making alleged undue profits under the goods and services tax regime
19 Aug

The government’s GST probe body has served a notice to Samsung India for making alleged undue profits under the goods and services tax regime, accordi ...

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The Telangana High Court on Thursday dismissed a batch of writ petitions filed by seven private companies seeking a direction to the Hyderabad GST Commissionerate officials not to arrest them and set aside summons issued by the latter
19 Aug

The Telangana High Court on Thursday dismissed a batch of writ petitions filed by seven private companies seeking a direction to the Hyderabad GST Com ...

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Consumption of steel in India has increased by around 7 percent after the government amended the goods and services tax (GST) rules for the industry, said Aruna Sharma, former steel secretary.
19 Aug

Consumption of steel in India has increased by around 7 percent after the government amended the goods and services tax (GST) rules for the industry, ...

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Advance ruling cannot be obtained if Applicant is not required to supply goods/services for which he seeks ruling -AAR Maharashtra
19 Aug

The Applicant is an unregistered person under GST. It filed an application to seek clarity on the applicability of GST rate on the transaction propose ...

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Anti-profiteering provisions shall not apply if base price of product remains same even after reduction in GST rate-National Anti-Profiteering Authority, Kerala
19 Aug

The Applicant had alleged profiteering by the Respondent on the supply of ‘Vitrified Tiles Super Nano Plus’ as it had not passed on the benefit of red ...

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GST Practitioners Exam 2019: know exam date, eligibility, syllabus, other details The Registration Portal for the exam scheduled on 14.06.2019 will be activated on 21st May, 2019 and will remain open up to 4th June, 2019.
18 Aug

The Registration for the exam can be done by the eligible GSTPs on a Registration Portal, the link of which will be provided on NACIN and CBIC website ...

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During the course of filing GST Return, a taxpayer may discover additional tax liabilities that he or she may need to pay. GST tax portal has the provision that allows you to do so
18 Aug

During the course of filing GST Return, a taxpayer may discover additional tax liabilities that he or she may need to pay. GST tax portal has the prov ...

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Renewable power companies have moved the Delhi High Court, seeking to exempt the renewable energy certificates (RECs) from the goods and services tax (GST).
17 Aug

Renewable power companies have moved the Delhi High Court, seeking to exempt the renewable energy certificates (RECs) from the goods and services tax ...

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Key aspects to keep in mind when filing your annual GST Return
17 Aug

“This annual return also allows you to make certain edits. In case your previous return did not have the complete data, you can now make certain edits ...

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AAR rejects application, due to non-deposit of fees of INR 10,000 (5,000 CGST+5,000 SGST)- AAR Maharashtra
17 Aug

The Applicant is an unregistered person under the provisions of GST Act and has filed an application for an advance ruling to determine its liability ...

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HC refused to grant bail where petitioner & his partner were indulging in evading GST by creating bogus firms- HC Madhya Pradesh
17 Aug

HC refused to grant bail where petitioner & his partner were indulging in evading GST by creating bogus firms- HC Madhya Pradesh

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Businesses with an annual turnover of over Rs 2 crore can now start filing GST audit reports for fiscal 2017-18 as GST Network (GSTN) has made its format available on its portal.
16 Aug

Businesses with an annual turnover of over Rs 2 crore can now start filing GST audit reports for fiscal 2017-18 as GST Network (GSTN) has made its for ...

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In a bid to reduce litigations and to recover the arrears after the GST rollout, Kerala implements Amnesty Scheme to settle Pre-GST Arrears
16 Aug

In a bid to reduce litigations and to recover the arrears after the GST rollout, the Kerala Government has implemented the Amnesty scheme for the asse ...

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High GST of 28 per cent has turned out to be a handicap for Horse industry
16 Aug

The race horses are worried. The steep GST of 28 per cent has turned out to be a handicap for them. Earlier, one win would ensure the maintenance of a ...

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GST Dept can’t detain Vehicle for Deficiency in Lorry Receipt:A two-judge bench of the Gujarat High Court grants Interim Relief
15 Aug

A two-judge bench of the Gujarat High Court has granted interim relief to a dealer where the Goods and Services Tax (GST) department had detained the ...

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Uttar Pradesh Special Task Force (STF) and the sales tax department have unearthed Rs 13-cr GST fraud after multi-city raids
15 Aug

The Uttar Pradesh Special Task Force (STF) and the sales tax department have unearthed a Rs 13 crore tax fraud case involving two subsidiaries of a co ...

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HC directed to release seized goods & vehicle on furnishing of bond equal to amount of tax & penalty- Allahabad HC
15 Aug

HC directed to release seized goods & vehicle on furnishing of bond equal to amount of tax & penalty- Allahabad HC

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Diesel engine and gear box supplied for use in fishing vessel, ships, boat, etc., attract 5% GST- Kerala AAR
15 Aug

Diesel engine and gear box supplied for use in fishing vessel, ships, boat, etc., attract 5% GST- Kerala AAR

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Builders and home buyers are trying to understand the best deal for them under the new Goods and Services Tax (GST) rates for ongoing projects and it seems to be turning into a double-edged sword for some.
12 Aug

Builders and home buyers are trying to understand the best deal for them under the new Goods and Services Tax (GST) rates for ongoing projects and it ...

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Government is considering ways to provide For Rail Component Makers Saddled With Unused Tax Credit
12 Aug

The government is considering ways to provide relief to the makers of railway components, according to a senior official, as such vendors have seen th ...

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Govt extends last date for filing GSTR-1 for March till April 13.Similarly, the due date for furnishing tax deducted at source (TDS) return GSTR-7 for March has also been extended till April 12.
11 Aug

The government Wednesday extended the last date for filing final sales return form GSTR-1 for March by two days till April 13. Similarly, the due date ...

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A student of a city-based school has launched an online campaign seeking removal of GST levied on the equipment, including wheelchairs, crutches and hearing aides, used by divyang people
11 Aug

A student of a city-based school has launched an online campaign seeking removal of GST levied on the equipment, including wheelchairs, crutches and h ...

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The companies engaged in manufacturing wagons and other equipment for railways are pressing for rationalisation of the GST regime by allowing input tax credit on supplies made to Indian Railway
11 Aug

The companies engaged in manufacturing wagons and other equipment for railways are pressing for rationalisation of the GST regime by allowing input ta ...

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GST to be charged by lessor on electricity and water charges collected from tenant on actual basis- Maharashtra AAR
11 Aug

GST to be charged by lessor on electricity and water charges collected from tenant on actual basis- Maharashtra AAR

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Turbine Generator set supplied for use in ‘waste-to-energy project’ would attract 5% GST- AAAR Karnataka
11 Aug

Turbine Generator set supplied for use in ‘waste-to-energy project’ would attract 5% GST- AAAR Karnataka

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Diamond merchants from Surat claim huge decline in business due to the implementation of GST and are now opposing the government for bringing the taxation scheme.
10 Aug

Diamond merchants from the city are claiming to be bearing the brunt of GST, even after more than a year of its implementation.Traders say they are fa ...

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GST Council working on possible changes, there will be a continuation of GST reforms regardless of who forms the government
10 Aug

Top finance ministry officials said they have been working on the premise that more goods currently in the 28 per cent luxury bracket would be brought ...

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GST under RCM must be paid as per section 9(4) of CGST Act for the period 01.07.2017 to 12.10.2017-Famous Studios Ltd. [2019] 104 taxmann.com 122 (AAR - MAHARASHTRA)
10 Aug

GST under RCM must be paid as per section 9(4) of CGST Act for the period 01.07.2017 to 12.10.2017-Famous Studios Ltd. [2019] 104 taxmann.com 122 (AAR ...

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Geared Motor combination of gear box & electric motor classified under heading 8501, GST @18% applicable-Premium Transmission (P.) Ltd. [2019] 104 taxmann.com 124 (AAR - MAHARASHTRA)
10 Aug

Geared Motor combination of gear box & electric motor classified under heading 8501, GST @18% applicable-Premium Transmission (P.) Ltd. [2019] 104 ...

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With the new fiscal year kicking off, home buyers are a confused lot, with many having a tough time with recently revised Goods and Services Tax (GST) calculations
10 Aug

With the new fiscal year kicking off, home buyers are a confused lot, with many having a tough time with recently revised Goods and Services Tax (GST) ...

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SIAM Urges Government To Reduce GST On passenger vehicles and two-wheelers from 28 percent to 18 percent
09 Aug

The automobile industry has approached the government to reduce the goods and service tax on passenger vehicles and two-wheelers from 28 percent to 18 ...

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Huge burden for players in farm produce who take warehouses on rent as part of their collateral management business as warehouses comes under GST net
09 Aug

The move by the government to bring warehouses under the Goods and Services Tax (GST) net is likely to have a major impact on players in the organised ...

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GST officers have started seeking clarification from companies whose tax payments did not match with the e-way bills generated
08 Aug

GST officers have started seeking clarification from companies whose tax payments did not match with the e-way bills generated, as revenue authorities ...

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CBIC has given service providers with turnover of up to Rs 50 lakh time till April 30 to opt for the composition scheme and pay 6 per cent GST.
08 Aug

The tax department has given service providers with turnover of up to Rs 50 lakh time till April 30 to opt for the composition scheme and pay 6 per ce ...

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Council to review Food Aggregators' GST woes: Aggregators are unable to show tax collected at source (TCS) from restaurants using their platform, thereby preventing the partner restaurants from claiming credit
08 Aug

Online food aggregators such as Zomato, Swiggy and UberEats are facing a curious issue in goods and services tax (GST) compliance, prompting a review. ...

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Civil Aviation minister Suresh Prabhu said ATF should be brought under GST regime to level the field
08 Aug

Civil Aviation minister Suresh Prabhu said ATF should be brought under GST regime to level the field

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The Goods and Services Tax (GST) council may consider multiple price thresholds for defining `affordable housing’ across states rather than setting a uniform nation-wide classification.
06 Aug

The Goods and Services Tax (GST) council may consider multiple price thresholds for defining `affordable housing’ across states rather than setting a ...

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ITC on passenger vehicles shall be available when those are leased to vendors on rent-Narsingh Transport - [2019] 104 taxmann.com 86 (AAR - MADHYA PRADESH)
06 Aug

ITC on passenger vehicles shall be available when those are leased to vendors on rent-Narsingh Transport - [2019] 104 taxmann.com 86 (AAR - MADHYA PRA ...

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Bus Body Building’ on chassis, on job work basis is a ‘service’ covered under Heading 9988 taxable @ 18%-Kondody Autocraft (India) (P.) Ltd. - [2019] 104 taxmann.com 34 (AAR - KERALA)
06 Aug

Bus Body Building’ on chassis, on job work basis is a ‘service’ covered under Heading 9988 taxable @ 18%-Kondody Autocraft (India) (P.) Ltd. - [2019] ...

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The chairman and managing director of Kushal Group, an Ahmedabad-based conglomerate, has been arrested for allegedly availing Rs 88.78 crore input tax credit (ITC) using fake invoices
05 Aug

The chairman and managing director of Kushal Group, an Ahmedabad-based conglomerate, has been arrested for allegedly availing Rs 88.78 crore input tax ...

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Two contradictory rulings raise scope of litigation for alcohol manufacturers, Maharashtra and Karnataka advance ruling authorities have delivered contradictory ruling on the levy of goods and services tax (GST) on payments made by breweries to the brand owners.
05 Aug

In a move which could raise the scope of litigation for alcohol manufacturers, Maharashtra and Karnataka advance ruling authorities have delivered con ...

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Finance Minister Arun Jaitley on Thursday said Lowering GST rate on cement next on agenda
05 Aug

Finance Minister Arun Jaitley on Thursday said the GST (Goods and Services Tax) Council has cut tax rates on consumption items to 12 or 18 per cent fr ...

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Supply of goods and services under tour packages with separate invoices attracts GST at their respective rates- Kerala Forest Development Corporation Ltd. - [2019] 104 taxmann.com 42 (AAR - KERALA)
05 Aug

Supply of goods and services under tour packages with separate invoices attracts GST at their respective rates- Kerala Forest Development Corporation ...

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Hostel accommodation service by trust to students is not a ‘Charitable Activity’, GST is applicable Students' Welfare Association - [2019] 103 taxmann.com 449 (AAR - MAHARASHTRA)
05 Aug

Hostel accommodation service by trust to students is not a ‘Charitable Activity’, GST is applicable   Students' Welfare Association - [2019] 10 ...

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Karnataka commercial taxes department to physically verify registered taxpayers under GST
05 Aug

Karnataka commercial taxes department to physically verify registered taxpayers under GST  

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GST law has carved out a special valuation mechanism for related party transactions.
04 Aug

The GST law has carved out a special valuation mechanism for related party transactions. It requires the value (supply) of related party transactions ...

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Original works contract pertaining to Railways provided by main-contractor or sub-contractor attracts 12% GST -Assistant Commissioner Central Tax - [2019] 103 taxmann.com 448 (AAAR-MAHARASHTRA)
04 Aug

Original works contract pertaining to Railways provided by main-contractor or sub-contractor attracts 12% GST -Assistant Commissioner Central Tax - [2 ...

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Resident providing ‘Management Consultancy Services’ directly to his foreign clients is not an ‘intermediary’-Thomas Joseph Nellissery - [2019] 104 taxmann.com 8 (AAR - KERALA)
04 Aug

Resident providing ‘Management Consultancy Services’ directly to his foreign clients is not an ‘intermediary’-Thomas Joseph Nellissery - [2019] 104 ta ...

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Ahmedabad Firm's Head Arrested For Rs. 88 Crore GST Evasion by raising fraudulent invoices, officials said Tuesday.
03 Aug

A local firm's promoter has been arrested for allegedly evading Goods and Services Tax (GST) worth Rs. 88 crore by raising fraudulent invoices, offici ...

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Authority for Advance Rulings (AAR), Tamil Nadu has held that Lower GST @ 5% will be applicable to Unstitched Three-Piece Salwar / Churidar Sets
03 Aug

The Authority for Advance Rulings (AAR), Tamil Nadu has held that a salwar/churidar-kurta set comprising three pieces, top, bottom and dupatta which a ...

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Real estate firms have time till May 10 to opt for old GST rates with input tax credit, failing which they will be deemed to have migrated to new tax rates
03 Aug

Real estate firms have time till May 10 to communicate to their respective jurisdictional officers whether they want to continue with the old GST rate ...

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GST collections in March crossed Rs 1 lakh Cr mark
02 Aug

The financial year 2018-19 (FY19) ended on a happy note on the goods and services tax (GST) front. At Rs 1.06 trillion, the government has announced t ...

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Traders with a turnover limit of Rs 40 lakh per annum can get themselves de-registered from Goods and Service Tax (GST)
02 Aug

Traders with a turnover limit of Rs 40 lakh per annum can get themselves de-registered from Goods and Service Tax (GST)

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Power loom weavers are against Goods and Services Tax (GST) department after it raised interest demand of 18% on Rs 650 crore worth of input tax credit (ITC)
02 Aug

Power loom weavers in the country’s largest man-made fabric (MMF) hub in the city are up in arms against Goods and Services Tax (GST) department after ...

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GST return forms from April 1- Sahaj and Sugam - has been deferred
01 Aug

The pilot project envisaged for rolling out simplified monthly GST return forms from April 1 has been deferred and the new forms would be made availab ...

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CBIC has provided a relief to businesses in terms of using credit in any order in the goods and services tax system towards tax payment.
01 Aug

Reversing its February notification, the central board of indirect taxes and customs (CBIC) has provided a relief to businesses in terms of using cred ...

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DCDRF (District Consumer Disputes Redressal Forum) penalised the e-market portal (Myntra) for charging GST on discounted item
01 Aug

The District Consumer Disputes Redressal Forum, Mohali, penalised the managements of e-market portal Myntra Designs Private Limited and Coracle Market ...

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New rule '88A' has inserted by government, that clarifies that the input of IGST has to be first used against output of IGST and balance against either CGST or SGST as per the dealer’s requirement.
01 Aug

In the notification, government inserts new rule 88A that clarifies that the input of IGST has to be first used against output of IGST followed by set ...

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Many exporters have come under the taxman’s lens for claiming double benefits on GST
30 Aug

Many exporters have come under the taxman’s lens for claiming tax credit for the same export twice under the inverted duty structure. Those who have r ...

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CBIC circular instructed that the officers should exercise due caution while processing the applications for New GST Registrations
30 Aug

The CBIC circular instructed that the officers should exercise due caution while processing the application for registration submitted by the taxpayer ...

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Central GST & Customs offices of Hyderabad Zone (throughout the State of Telangana) will remain open on 30th & 31st March, 2019 (Saturday & Sunday)
30 Aug

All the offices of Central GST & Customs of Hyderabad Zone (throughout the State of Telangana) will remain open on 30th & 31st March, 2019 (Sa ...

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CBIC has extended the due date for furnishing of FORM GST ITC-04 for the period July 2017 to March 2019 till 30th June 2019 in respect of Goods dispatched to a Job Worker
29 Aug

The Central Board of Indirect Taxes and Customs ( CBIC ) has extended the due date for furnishing of FORM GST ITC-04 for the period July 2017 to March ...

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India is eyeing several changes in e-way bill system ranging from auto calculation of distance for movement of goods to barring businesses from generating multiple e-way bills based on one invoice to contain GST evasion
29 Aug

India is eyeing several changes to the electronic-way bill system, ranging from auto calculation of distance for movement of goods to barring business ...

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GST Authority clarifies through a circular that the transferee or the successor, will be liable to be registered with effect from the date of such transfer or succession on change/transfer in ownership of sole proprietorship
29 Aug

A circular issued by the Central Board of Indirect Taxes and Customs (CBIC) mentioned that the transferee or the successor, will be liable to be regis ...

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ITC in respect of transportation of non-taxable goods (Petrol) shall not be available to Indian Oil Corp Ltd. Indian Oil Corporation Ltd. - [2019] 103 taxmann.com 391 (AAAR-WEST BENGAL)
29 Aug

ITC in respect of transportation of non-taxable goods (Petrol) shall not be available to Indian Oil Corp Ltd.   Indian Oil Corporation Ltd. - [ ...

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Consideration for delayed payment of an exempted supply is exempt under GST TP Ajmer Distribution Ltd. - [2019] 103 taxmann.com 227 (AAAR-RAJASTHAN)
29 Aug

Consideration for delayed payment of an exempted supply is exempt under GST   TP Ajmer Distribution Ltd. - [2019] 103 taxmann.com 227 (AAAR-RAJ ...

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The Gujarat High Court has granted an interim order allowing release of the vehicle seized by the GST department since notice issued prima facie do not comply the requirements of section 129 of the Act.
28 Aug

The Gujarat High Court has granted an interim order allowing release of the vehicle seized by the GST department under sections 129 and 130 of the CGS ...

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The filing of the first annual return for FY 2017-18 is due in roughly three months, last date has been extended to June 30, 2019
28 Aug

The filing of the first annual return for FY 2017-18 is due in roughly three months. It covers a period of nine months from July 2017 to March 2018, a ...

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Caterers want 18% GST currently being levied on outdoor and industry catering services must be brought down to 5%
27 Aug

The 18% GST currently being levied on outdoor and industry catering services must be brought down to 5% to ensure the already-fragmented sector does n ...

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Changes in e Way Bill: Now the distance calculations will be calculated according to the addresses of the suppliers and the receiver
27 Aug

Now the distance calculations will be calculated according to the addresses of the suppliers and the receiver. Users will be able to show 10 percent d ...

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Airlines have been lobbying hard to bring aviation turbine fuel (ATF) within the GST
26 Aug

The Jet Airways impassed has once again brought high aviation fuel prices into the limelight.Airlines have been lobbying hard to bring aviation ...

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Centre’s electrification policy, GST roll-out has helped Usha Fans to improve its sales,
26 Aug

Significant improvement in availability of electricity, even in interior pockets, coupled with the roll-out of the Goods and Services Tax (GST), has h ...

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31 March is crucial for settling many tasks related to GST for the last few days of the financial year.such as joining the composition scheme from April 1, 2019, continuing zero-rated exports under the Letter of Undertaking
26 Aug

Deadline for multiple Compliance including joining the composition scheme from April 1, 2019, continuing zero-rated exports under the Letter of Undert ...

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Industries against 18% tax on job-working engineering units as it had pushed several micro and small industries out of business.
25 Aug

The 18% GST on job-working engineering units had pushed several micro and small industries out of business. The units need to pay the tax every month. ...

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Government has assured to reduce corporate tax to 25 per cent from 30 per cent once the goods and services tax (GST) collections improve,
25 Aug

The government has assured to reduce corporate tax to 25 per cent from 30 per cent once the goods and services tax (GST) collections improve, said ind ...

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Tax officials looking at different strategies to restrain threats of Fake invoices to evade GST
25 Aug

Tax officials at both the Centre and States have regularly been busting such rackets “This is just the tip of the iceberg,” said an official, who did ...

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Government has extended IGST and compensation cess exemptions for goods procurement under certain export promotion schemes till March 2020
23 Aug

Giving relief to exporters, the government has extended IGST (Integrated Goods and Service Tax) and compensation cess exemptions for goods procurement ...

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Back-office operations to be considered as export of services, rules Maharashtra Authority for Advance Rulings (AAR-Maha)
23 Aug

In an interesting development the Maharashtra Authority for Advance Rulings (AAR-Maha) seems to have held divergent views on taxability (Goods & S ...

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NCLAT held that statutory dues including income tax and value added tax or GST tax come within the purview of " operational creditors"
23 Aug

NCLAT held that statutory dues including income tax and value added tax or GST tax come within the purview of " operational creditors"

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ITC on inward supply of ambulance, being a motor vehicle, is not admissible Though It is Obligatory under Factories Act, says AAR
22 Aug

The authority noted that the second proviso to section 17(5)(b) of the GST Act, as it stands post amendment effective from 01/02/2019, is not applicab ...

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GST Council's plan for real estate sector may not find many takers as per industry experts
22 Aug

The Goods and Services Tax (GST) Council’s decision to give developers the power to choose between the old and new tax rates might not find many taker ...

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Finance minister Arun Jaitley supports GST council-like structure for healthcare, agriculture
22 Aug

Finance minister Arun Jaitley argued a case for setting up GST Council-like federal institutions to promote healthcare, rural development and agricult ...

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MRF can avail input tax credit only to the extent of the invoice value raised by the suppliers
20 Aug

MRF approached the ARA to check if it legally could avail of the input tax credit on the entire GST charged on the supply of invoice. Or if a proporti ...

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CBIC issued a useful circular clarifying various doubts regarding sales promotion schemes under goods and services tax (GST) regime.
20 Aug

The Central Board of Indirect Taxes and Customs (CBIC) has issued a useful circular clarifying various doubts regarding sales promotion schemes under ...

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Residential buildings not completed before March 31, 2019, have the option to choose between the old goods and service tax (GST) and the new regime announced last month.
20 Aug

All residential buildings not completed before March 31, 2019, will have the option to choose between the old goods and service tax (GST) and the new ...

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Goods and Services Tax (GST) Council will discuss and finalise the rules, under which the new rate structure on under-construction houses will be imp­lemented
19 Aug

In its 34th meeting scheduled Today, the Goods and Services Tax (GST) Council will discuss and finalise the rules, under which the new rate structure ...

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GST Council to decide on Regional Benches for GST Tribunal
19 Aug

GST Council to decide on Regional Benches for GST Tribunal

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Goods and Services Tax (GST) Council to announce new rules for real estate on Tuesday
18 Aug

Federal indirect tax body the Goods and Services Tax (GST) Council will on Tuesday announce new rules on how far builders can make use of credit for t ...

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Restaurant-cum-sweet shops are better maintaining two set of GST accounts, says AAAR
18 Aug

Separate books must to be maintained for billings and accounting records’Restaurant-cum-sweet shops are better off maintaining two books of accounts f ...

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11.52 crores of GST stolen in matches of IPL / tournament on complimentary tickets of matches held in jaipur
18 Aug

M/s Royal Multi Sports Pvt. The scrutiny of the documents submitted came to light that Rs 11.62 crore GST has been stolen from the rate of 28% on thes ...

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Tamil Nadu Authority of Advance Ruling (AAR) has held that conducting marathons by charitable trusts does not exempt them from GST liability
16 Aug

In a setback to several charitable institutions, the Tamil Nadu Authority of Advance Ruling (AAR) has held that conducting marathons by a charitable t ...

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companies are free to offer volume benefit or price reduction to consumers, in the wake of rationalisation of GST rates.
16 Aug

The National Anti-Profiteering Authority (NAA) Friday said companies are free to offer volume benefit or price reduction to consumers, in the wake of ...

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GST council to clarify next week whether builders can claim ITC for material bought before April 1
16 Aug

Real estate developers have sought clarity on how the new rates will be calculated since projects were at various stages of construction. Technically, ...

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ICAI mandates Unique Document Identification Number ( UDIN ) for GST & Tax Audit Reports
15 Aug

The Institute of Chartered Accountants of India (ICAI) has announced that in the second phase, the Unique Document Identification Number ( UDIN ) woul ...

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anti-profiteering authority is set to fine coffee chain Starbucks for not reducing prices of its products after the Goods and Services Tax rate cut.
15 Aug

The anti-profiteering authority is set to fine coffee chain Starbucks for not reducing prices of its products after the Goods and Services Tax rate cu ...

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Gold biscuits worth Rs 2 crore seized by Shillong Customs at Myanmar border
15 Aug

 Gold biscuits worth Rs 2 crore seized by Shillong Customs at Myanmar border

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Central Governmentnotifies the creation of the National Bench of the Goods and Services Tax Appellate Tribunal (GSTAT) at New Delhi, with effect from 13-03-2019
15 Aug

 Central Governmentnotifies the creation of the National Bench of the Goods and Services Tax Appellate Tribunal (GSTAT) at New Delhi, with effect ...

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Election commission approves GST council meeting to be hold on March19
14 Aug

Election commission approves GST council meeting to be hold on March19

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GST officials detects Tax Fraud of Rs 224 CR by a group of 8 companies
14 Aug

GST officials detects Tax Fraud of Rs 224 CR by a group of 8 companies

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Taxpayers can now view, download month-wise report on liability declared, credit claimed on GST portal
14 Aug

Goods and Services Tax Network (GSTN), the IT backbone of GST, on Tuesday announced unveiling of a facility that will allow taxpayers to view and down ...

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Trading of priority sector lending certificates (PSLCs) on the government’s e-Kuber portal by banks will attract integrated goods and services tax (IGST).
14 Aug

Trading of priority sector lending certificates (PSLCs) on the government’s e-Kuber portal by banks will attract integrated goods and services tax (IG ...

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GST exemption has been granted to the Security and Scavenging Services to the hospital under the Government.
13 Aug

The Authority for Advance Rulings (AAR), West Bengal has held that no GST exemption has been granted to the Security and Scavenging Services to the ho ...

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Businesses registered under GST can now compare the tax liability declared as well as input tax credit claimed in their Final and Summary GST returns forms: GSTN
13 Aug

The GST Network on Tuesday said businesses registered under GST can now compare the tax liability declared as well as input tax credit claimed in thei ...

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GST council restrict the use of tax credits accumulated by builders and allow a concessional rate for up to 10% of commercial property,such as shops, in residential complexes, expecting developers to slash prices.
13 Aug

GST council restrict the use of tax credits accumulated by builders and allow a concessional rate for up to 10% of commercial property,such as shops, ...

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(GST) Council is scheduled to meet on March 19 to finalise real estate tax structure
12 Aug

In a first-of-its-kind meeting of a federal forum in the midst of the code of conduct of general elections, the Goods and Services Tax (GST) Council i ...

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GST Dept unearthed fake GST Firms racket operating simultaneously in New Delhi and Jammu and Kashmir and seized Rs. 40 lakhs.
12 Aug

The State Taxes Department has unearthed fake GST Firms racket operating simultaneously in New Delhi and Jammu and Kashmir and seized Rs. 40 lakhs. “O ...

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Federation of Automobile Dealers Associations (Fada) demands Govt must roll back new GST changes
12 Aug

Seeking a rollback of the amendments in the GST Act, the automobile dealers body Federation of Automobile Dealers Associations (Fada) has said the cha ...

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Suppliers under composition scheme to issue tax invoice as per latest CBIC order
12 Aug

The Central Board of Indirect Taxes and Customs (CBIC) has issued an order clarifying that the intra-State suppliers of goods and services to whom the ...

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GST cut : Government expects real estate developers to reduce prices
12 Aug

GST cut : Government expects real estate developers to reduce prices

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No GST on Pharma samples and gifts and no ITC on samples
11 Aug

The clarity in this regard comes 2 years after GST was implemented after several recommendations from the industry on the issue. Companies in the FMCG ...

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Maharashtra promulgated an Ordinance on March 6 takes lead to clear pre-GST cases
11 Aug

The government of Maharashtra promulgated an Ordinance on March 6, notifying a scheme for settlement of tax arrears, as a logical follow on to its sta ...

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Expensive cars, jewellery to become cheaper CBIC has said that the TCS amount would be excluded from the value of goods for computing GST liability.
11 Aug

In a relief to buyers of high-value cars and jewellery, the CBIC has said that the TCS amount would be excluded from the value of goods for computing ...

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Finance Ministry notifies April 1 as the date for implementation of increased GST exemption limit to Rs 40 lakh
08 Aug

The government Thursday notified April 1 as the date for the implementation of doubling of GST exemption limit to Rs 40 lakh, which will benefit small ...

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No separate GST on additional products offered under sales promotion schemes
08 Aug

Promotional schemes such as ‘buy one get one free’ (BOGO) and additional quantity for the same price will be eligible for input tax credit, the govern ...

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Finance Ministry notifies April 1 as date for availing higher turnover limit of Rs 1.5 cr for availing composition scheme
08 Aug

 the effective date for availing higher turnover cap of Rs 1.5 crore for availing composition scheme by traders has also been fixed as April 1.

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service providers and suppliers of both goods and services with a turnover of up to Rs 50 lakh would be eligible to opt for the GST composition scheme
08 Aug

service providers and suppliers of both goods and services with a turnover of up to Rs 50 lakh would be eligible to opt for the GST composition scheme ...

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Punjab cabinet relaxes GST to boost industrial development in the state
07 Aug

In a move to boost industrial development in the state, the Punjab Cabinet on Wednesday approved an amendment to the Goods and Services Tax (GST) ince ...

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Anti-Profiteering body fined Abbott healthcare Rs 96 lakh for profiteering from GST
07 Aug

The anti-profiteering body has held that US pharmaceutical company Abbott Healthcare did not pass on the benefits of the goods and services tax to cus ...

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Government has promised to lower corporate tax rate to 25 per cent for all companies once Goods and Services Tax (GST) mop-up improves: FICCI
06 Aug

The government has promised to lower corporate tax rate to 25 per cent for all companies once Goods and Services Tax (GST) mop-up improves, Ficci Pres ...

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Gujarat high court held that company's directors A/c cannot be provisionally attached by GST department for recovery under GST
06 Aug

The Gujarat High Court has held that the Goods and Service Tax ( GST ) Department cannot provisionally attach bank accounts of directors of the compan ...

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Promoters of several companies arrested after tax official raided companies suspected of circular trade
06 Aug

Suspecting companies of evading goods and services tax (GST), tax officials have started going after companies that are into circular trading, and arr ...

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GST practitioner arrested by directorate general of GST intelligence (DGGI) for allegedly running a fake invoice racket.
04 Aug

A GST practitioner was arrested by the sleuths of the directorate general of GST intelligence (DGGI) for allegedly running a fake invoice racket.  ...

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Kerala hopes to get support in GST council in proposal for uniform GST rate on lottery
04 Aug

Kerala hopes to get support in GST council in proposal for uniform GST rate on lottery

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GST collections in February dropped to Rs 97,247 crore
02 Aug

GST collections in February dropped to Rs 97,247 crore in February from Rs 1.02 lakh crore in the previous month, the Finance Ministry said on March 1 ...

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National Real Estate Development Council (NAREDCO), has written to the Ministry of Housing and Urban Affairs seeking clarity on GST exemption on development rights
01 Aug

Realty developers are seeking clarity on recent exemption offered from the goods & services tax (GST) levied on development rights, including tran ...

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Jammu and Kashmir Government on Thursday issued order on ‘removal of difficulties’ in GST implementation
01 Aug

Jammu and Kashmir Government on Thursday issued  order on ‘removal of difficulties’ in GST implementation

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GST evasion of Rs 20,000 cr detected by Govt in April-Feb
28 Aug

GST evasion of Rs 20,000 cr detected by Govt in April-Feb

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GST rate cut in real estate sector is likely to encourage generation of black money
28 Aug

The timing of the decision to slash GST on affordable housing has its own logic. The demand for cash or black money increases in the run-up to an elec ...

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Too many rates of GST introduced - 0%,0.25%,1%,3%,5%,12%,18%,28% instead of two rates planned in the beginning
28 Aug

Before the GST was introduced, the government set up a panel under the then Chief Economic Adviser, Arvind Subramanian, to come up with a suitable rat ...

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GST rate cuts to boost sales of under construction flats, no ITC may hit builder's profit margin
28 Aug

GST rate cuts to boost sales of under construction flats, no ITC may hit builder's profit margin 

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Records of Ludhiana yarn firms seized by GST team for taking ITC based on fake invoices
27 Aug

The Director General of GST Intelligence (DGGI), Delhi, which in coordination with other teams of the DGGI of Northern India, had conducted surveys on ...

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GST council preparing to integrate e-way bills with GST returns
26 Aug

GSTN along with GST Council is steadily paving the way for a smooth transition into the GST 2.0 - the newly proposed GST Return filing system to be in ...

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GST shall be levied at effective GST rate of 5% w/o ITC on residential properties outside affordable segment w.e.f 1st April, 2019
25 Aug

A residential house/flat of carpet area of upto 90 sqm in non-metropolitan cities/towns and 60 sqm in metropolitan cities having value upto Rs. 45 lac ...

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GST shall be levied at effective GST rate of 1% w/o ITC on affordable housing properties w.e.f 1st April, 2019
25 Aug

A residential house/flat of carpet area of upto 90 sqm in non-metropolitan cities/towns and 60 sqm in metropolitan cities having value upto Rs. 45 lac ...

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Intermediate tax on development right, such as TDR, JDA, lease (premium), FSI (Floor Space Index) shall be exempted only for such residential property on which GST is payable.
25 Aug

Intermediate tax on development right, such as TDR, JDA, lease (premium), FSI (Floor Space Index) shall be exempted only for such residential property ...

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Ice cream, tobacco, pan masala, to be excluded from higher threshold limit for mandatory registration
23 Aug

Ice cream, tobacco, pan masala, to be excluded from higher threshold limit for mandatory registration

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GSTR filing to get easier with 8 new features at GST Portal
23 Aug

Following are some of updates on GST portal:TDS/TCS Credit available for utilisationE-way bill data can be imported for GSTR-1List of preferred banks ...

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No ITC on inputs used for maintenance of townships and guest houses for its employees under the goods and services tax (GST) regime : Odisha
23 Aug

Companies incurring expenditure on inputs used for maintenance of townships and guest houses for its employees will not get input tax credit under t ...

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Employer share reduced to 4% and Employee share reduced to 1% under E.S.I.C. Contribution w.e.f. 15th Feb,2019
22 Aug

Employer share reduced to 4% and Employee share reduced to 1% under E.S.I.C. Contribution w.e.f. 15th Feb,2019

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Industrial space leasing in India reports a record growth of 40% in 2018 due to GST
22 Aug

Federal indirect tax body, the Goods and Services Tax (GST) Council, on Wednesday deferred a decision on lowering the tax rate on under-construction p ...

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AMB Cinemas receive notice for reportedly selling tickets at higher rates despite the reduced tax rate: GST Norms violated
22 Aug

AMB Cinemas receive notice for reportedly selling tickets at higher rates despite the reduced tax rate: GST Norms violated

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GST Council's 33rd Meeting held on Feb 20,2019 adjourned to Feb 24, 2019 for physical meeting: Discussions on Lottery and Real Estate
21 Aug

GST Council's 33rd Meeting held on Feb 20,2019 adjourned to Feb 24, 2019 for physical meeting: Discussions on Lottery and Real Estate

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Ease the rules of Angel Tax since there are other ways to check money laundering
21 Aug

Ease the rules of Angel Tax since there are other ways to check money laundering

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GST scandal- Fraud of Rs 141 crore which states on records that "Shyam Sales Corporation had purchased raw material of Rs 141 crore from 12 Odisha-based companies that actually don't exist" unearthed by DGGSTI, Central GST and Excise department of Raipur.
21 Aug

GST scandal- Fraud of Rs 141 crore which states on records  that "Shyam Sales Corporation had purchased raw material of Rs 141 crore from ...

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Any ITC relating to Fy 17-18 can also be taken till the due date of furnishing GSTR-3B for the month of March 2019 subject to the conditions that the invoices have been uploaded by the supplier till due date of furnishing of GSTR-1 for the month of March 2019
21 Aug

Any ITC relating to Fy 17-18 can also be taken till the due date of furnishing GSTR-3B for the month of March 2019 subject to the conditions that the ...

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Warehouse being constructed is an immovable property - Input Tax credit is, therefore, not admissible on the inward supplies for construction of the said warehouse: AAR
20 Aug

Warehouse being constructed is an immovable property - Input Tax credit is, therefore, not admissible on the inward supplies for construction of the ...

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An assessee should be allowed to revise or rectify TRAN-2 form particularly when TRAN-1 forms are allowed to be revised or rectified- Petitioner to file a revised Form GST TRAN-2: HC
20 Aug

An assessee should be allowed to revise or rectify TRAN-2 form particularly when TRAN-1 forms are allowed to be revised or rectified- Petitioner to ...

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Single E-Way Bill can consists of multiple no. of invoices: HC
20 Aug

Single E-Way Bill can consists of multiple no. of invoices: HC

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The GST Council has extended the GSTR-3B Due date for the month of January 2019 by two days to 22nd February 2019;8 days for J&K
20 Aug

The GST Council has extended the GSTR-3B Due date for the month of January 2019 by two days to 22nd February 2019;8 days for J&K

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Group of Ministers recommends a uniform tax on lottery, rate to be decided by GST council on Feb 20
19 Aug

A state ministerial panel set up to review tax rate on lottery favoured a uniform GST rate of either 18 per cent or 28 per cent -- a final call on whi ...

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Delhi HC issues notices to GST Council, CBIC on order against Excel Rasayan
19 Aug

The Delhi High Court has issued notices to the GST Council, the department of revenue, national anti-profiteering authority (NAA), Central Board of In ...

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Union Government pulled up by Comptroller and Auditor General of India for cess utilisation
19 Aug

The Union government has been pulled up by the Comptroller and Auditor General of India (CAG) for deficiencies in collecting cess and utilising it for ...

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India hikes Customs Duty to 200% on Goods from Pakistan
18 Aug

India hikes Customs Duty to 200% on Goods from Pakistan as notified under Not. no 05/2019-Cus dated 16th Feb,2019

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Any shortage in recovery target of Indirect Tax Official's arrears will be taken seriously and may reflect in APAR
18 Aug

Any shortage in recovery target of Indirect Tax Official's arrears will be taken seriously and may reflect in APAR

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18 States and two UTs revise the annual GST threshold limit from RS20 lakhs to 'RS40 lakhs
18 Aug

18 States and two  UTs  revise the annual GST threshold limit from RS20 lakhs to 'RS40 lakhs

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A committee to be set up by the Revenue Department to deal with bogus e-way bills and fake invoices
18 Aug

A committee to be set up by the Revenue Department to deal with bogus e-way bills and fake invoices

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Qatar wishes natural gas to be included in GST by India
12 Aug

India's largest LNG supplier Qatar urged the central government to include natural gas in GST to help create demand for the environment friendly fuel& ...

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GST Amendment Does Not Take Away Power Of States To Proceed Against Pre-Existing VAT Liability : Kerala HC
08 Aug

Dismissing a batch of writ petitions, the High Court of Kerala has repelled the challenge to the constitutional validity of Section 174 of the Keral ...

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GST Software Loopholes: Claiming ITC using fake invoices
08 Aug

The Goods and Services Tax department recently unearthed a scam of Rs 230 crore in Tamil Nadu and suspected that the evasion is due to the loopholes ...

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Compliance with Anti Profiteering provisions: An Unending Dilemma
07 Aug

Businesses still await the formulation of standard guidelines for compliance with anti-profiteering provisions under the GST regime. Even after 25 o ...

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Lowest growth in GST revenue collection from developed states
06 Aug

The most urbanised and industrialised states in India are showing the lowest growth in state goods and services tax (GST) revenue collection in 2018 ...

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DOT asks for relief to Telcos & bring down import duties
06 Aug

The Department of Telecommunications (DoT) has asked the finance ministry to offer some GST-related relief to telcos and to bring down import duties ...

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Sending out notices to Wakf Boards for Non-Payment of GST & Service tax
06 Aug

Tax officials have started sending out notices to various Wakf boards for not paying service tax and GST on rent received from properties being used ...

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Gujarat HC strikes down restrictive provision for export sops under GST
06 Aug

In a major relief for exporters, the Gujarat high court has struck down the constitutional validity of a provision under the goods and services tax ...

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Customer complian against Jubilant Foodworks for not passing GST benefit
05 Aug

Jubilant FoodWorks Ltd., the operator of Domino’s Pizza chain in India, has been found guilty of not passing on the goods and services tax cut benef ...

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Telcos seek GST waiver on payments to govt, Rs 35K-cr input credit adjustment
05 Aug

Telecom firms, barring Reliance Jio, have asked the government to waive GST on spectrum payments and other levies, while adjusting accumulated tax c ...

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Interim Budget:Full benefits of GST reforms should start accruing from 2020-21
04 Aug

“Accrual of the full benefit of GST reforms and revenues is expected to take some more time and, therefore, the stabilisation phase is expected to c ...

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Now, Section 9 (4) of the CGST Act prescribes that categories of registered recipients for whom RCM would apply and the nature of goods and services for which such RCM would be applicable, is to be notified by the Government.
01 Aug

As per Section 9 (4) of the Read more orange-arrow

Certain amendments have been made in Section 10, whereby a supplier of goods, who is also involved in supply of any services would also be entitled to opt for Composition scheme.
01 Aug

As per Section 10 (1) of the CGST Act, composition scheme is applicable to those registered persons, whose aggregate turnover in the preceding finan ...

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Now as per Section 17 (5) when a taxable person buys a van or a bus, having a seating capacity of more than 13 for transportation of its personnel, ITC can now be availed.
01 Aug

Sub section (5) of Section 17 deals with the goods or services or both, for which ITC is not eligible and certain amendments have been made in the s ...

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Separate registration without the requirement of being separate business vertical
01 Aug

Under the unamended provisions, an entity shall obtain only a single registration for all its places of businesses in a State. If there are different ...

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Amendment in Section 34 for Consolidated Debit/Credit notes
01 Aug

Section 34 has been amended to enable issue of consolidated Debit Note / Credit Note for several invoices pertaining to a financial year.

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ITC of IGST shall first be utilised to pay IGST and balance if any, shall be utilised to pay CGST, SGST and UTGST, in that order.
01 Aug

Sub section (5) of Section 49 prescribes, in which order the ITC has to be utilised. The following conditions are prescribed. - ITC of IGST shall ...

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Refund of GST paid on supplies made to SEZ units is also subjected to unjust enrichment.
01 Aug

Refund of GST paid on supplies made to SEZ units is also subjected to unjust enrichment.

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Refund for export of services would be entitled even if the consideration is received in INR as permitted by the RBI.
01 Aug

Refund for export of services would be entitled even if the consideration is received in INR as permitted by the RBI.

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