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Combination of GST & Monsoon hit fireworks units in Ahmedabad
22 Oct

An extended monsoon, combined with an 18% GST has hit fireworks production in Ahmedabad. Over a dozen units have been manufacturing fireworks on the o ...

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CBIC extends Last date for filing of CMP-08 for Composition Taxpayers to 22nd Oct, 2019
22 Oct

 The Central Board of Indirect Taxes and Customs ( CBIC ) has extended the filing returns by the composition dealers in Form CMP-08 to October 22 ...

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New GST return forms may force firms to change ERP systems
21 Oct

In addition to the current invoices which are generated on the companies’ enterprise resource planning (ERP), the new system would also require automa ...

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E-commerce operator not liable to pay GST for manpower services rendered by drivers through its platform
21 Oct

Drive U seeks to provide drivers on demand to customers who wish to obtain the services of a driver - drivers are individuals independent se ...

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Corpus/Sinking Fund collected by Resident Welfare Association from members not liable to GST
21 Oct

An Apartment Owner's Association is collecting amount towards corpus/ sinking fund for future supply of services to its members. Such fund is mandator ...

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Supply of Ice-creams, chocolates, etc., made & served in outlet is taxable at 5% GST
21 Oct

Hatsun Agro Product supply ice-cream & other food items on order through ‘IBACO’ brand outlets along with serving of ice cream, seating facility, ...

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Tamil Nadu LIC Agents Protest Against FDI in Insurance and GST on Premium
19 Oct

The insurance agents of Life Insurance Corporation (LIC) of India held a demonstration in front of all eight zonal offices in Tamil Nadu. They demande ...

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Coimbatore handloom industry reels under GST
19 Oct

The handloom industry is reeling after Central Government imposed five percent Goods and Services Tax (GST) on handloom products. The industry is affe ...

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E-invoicing, a game-changer for GST
19 Oct

The GST Council, on September 20, 2019, has approved the introduction of ‘E-invoicing’ or ‘electronic invoicing’ for business to business (B2B) transa ...

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Intermediaries dealing in international trade may not be liable to GST
18 Oct

One of the important decisions taken in the 37th GST Council meeting held on September 20, 2019 was that GST will not apply to intermediaries dealing ...

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Horse owner must pay 18% GST on racing prize
18 Oct

Vijay Baburao Shirke, owner of several winning racehorses, is often spotted at derby matches and in sports sections of newspapers. This time, he is in ...

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Government to increase IGST on imported crude palm oil
17 Oct

The food ministry is firming up a proposal to increase integrated GST (IGST) on imported refined palm oil to 12% to offset the impending cut in import ...

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GST Demand On Brand Usage may lead to Litigations
17 Oct

Tax authorities' demand for levying GST on brand usage by subsidiaries of a parent company or related party could lead to litigation and hit the earni ...

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GST had ‘adverse’ effect on realty sector
17 Oct

Most buyers opt for homes that are ready for possession in order to avoid tax survey The goods and service tax have had a big impact on mark ...

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Meeting to increase GST collection
16 Oct

The first meeting of the committee on making the Goods and Services Tax (GST) recovery more effective was inconclusive on Tuesday. The new meeting is ...

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Two popular garba organizers under GST dept scanner
16 Oct

Two of the popular garba venues in the city have come under goods and services tax. The state GST officials have begun conducting survey at the office ...

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Hopeful of GST collections recovering in the second half: Revenue Secretary
16 Oct

Goods & Services Tax (GST) collections are expected to pick up during the second half of the current fiscal, according Revenue Secretary Ajay B Pa ...

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GST panel meet today to look at ways to improve GST collection
15 Oct

Panel formed to suggest steps for improving GST collections to hold first meeting today A high-level panel set up by the government to suggest measure ...

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CBIC clarifies exemption of License Fee charged by States for Grant of Liquor Licences to Vendors from GST
15 Oct

The Central Board of Indirect Taxes and Customs ( CBIC ) has clarified that Goods and Services Tax ( GST ) on license fee for charged by  St ...

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Pitch to include gas, ATF in GST
15 Oct

Oil minister Dharmendra Pradhan on Monday made a pitch to include natural gas and aviation turbine fuel within the ambit of the GST to reduce multipli ...

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ITC may Feel the Heat as GST Shortfall could Lead to Higher Taxes on Tobacco
15 Oct

Credit Lyonnais Securities Asia (CLSA) has trimmed weight on ITC in its model portfolio to ‘neutral’ on concerns that a shortfall in revenues from GST ...

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Exporters draw DRI wrath for alleged GST violations
14 Oct

The country’s primary anti-smuggling intelligence agency has begun resending notices to exporters for availing GST exemptions where exports preceded i ...

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GST lowered number of tax forms to 12 from 495: Official
14 Oct

Goods and Services Tax (GST) rollout has cut down the number of forms to be filed by businesses to just 12 from 495 under as many as 17 central and st ...

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IHMCL, GSTN to ink pact to link FASTag with GST e-way bill system on Oct 14
14 Oct

The Indian Highways Management Company Ltd (IHMCL) and Goods and Services Tax Network (GSTN) will sign a memorandum of understanding on Monday for int ...

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GST Network to release new version of return filing interface on 22 October
14 Oct

GST Network (GSTN) will release improved version of GST return filing interface on 22 October with an aim to further simplify the process. "Many of th ...

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Govt considering GST on private higher education
12 Oct

The Central Government is exploring the possibility of levying the Goods and Services Tax, or GST, on education in private colleges and universities, ...

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Thousands Of Crores Revenue Expected By Govt through 18% GST On Logos, Brand Names Of MNCs, Banks, IT Firms Proposed
12 Oct

The indirect tax department is demanding Indian companies and foreign banks to pay an 18 per cent Goods and Services Tax (GST) on the names of brands ...

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Reconsider 18% GST on group medical insurance for bank retirees
12 Oct

CPI general secretary D Raja on Friday wrote to Finance Minister Nirmala Sitharaman urging her to reconsider the 18 per cent GST on the annual Group H ...

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Rules for input tax credit tweaked
12 Oct

In an effort to curb the menace of fake invoices and boost cash flow, the government has limited the input tax credit (ITC) to be availed by Goods and ...

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Revenue crunch prompts govt to consider GST rate hike on low-tax products
11 Oct

The finance ministry, faced with a steep revenue collection target for 2019-20, is internally exploring whether the goods and services tax (GST) can b ...

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No GST on goods sold at duty free shops in Mumbai airport: Bombay HC
11 Oct

In major relief to duty free shops, the Bombay High Court has ruled that goods and services tax (GST) cannot be levied on products sold at the duty fr ...

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ITC without Invoice restricted at 20% to increase GST Revenue
11 Oct

Keen to plug revenue leakages, the government has decided to restrict input tax credit under the goods and services tax to 20% of the eligible amount ...

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GST authority denied refund to MNC
10 Oct

A host of back offices of multinational companies in the financial sector face a tax whammy, with Goods and Services Tax authorities denying them refu ...

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Duty Free Shops at Mumbai International Airport are exempt from GST
10 Oct

The Bombay High Court recently held that duty free shops (DFS) at the Chhatrapati Shivaji International Airport in Mumbai cannot be charged Goods and ...

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Solar thermal players seeks 10% growth after GST rate cut
10 Oct

Solar thermal industry players are confident of getting back into the boom trajectory and expect the sector to clock a growth of 10% after the reducti ...

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Exempt premium payable on group medical insurance of retirees from GST
09 Oct

The premium payable on the Group Medical Insurance Policy by retired bank officers and workmen staff should be exempt from Goods and Services Tax (GST ...

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Shyam Samruddhi is an Organic Fertilizer liable to 5% GST
09 Oct

The Maharashtra Authority of Advance Ruling in an application filed by Alligo Agrovet Pvt Ltd held that Shyam Samruddhi derived from an organic source ...

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Delhi GST authorities not to raid traders till Diwali
09 Oct

Delhi GST department officials or Enforcement Teams will not conduct raids or scrutinize records in the markets during peak festive sales. Authorities ...

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CBIC issues Clarifications to allow Re-Filing of Refund Claim where NIL Refund Claim was filed inadvertently under GST
07 Oct

The Central Board of Indirect Taxes ( CBIC ) has issued Clarifications to allow Re-Filing of Refund Claim where NIL Refund Claim was filed inadvertent ...

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At 89.67%, Chandigarh tops GST chart in country
07 Oct

Leading over all states and Union Territories of the country Chandigarh ranked first in the country in the Goods and Service Tax (GST) collections by ...

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Two cheat govt of Rs 700-crore through fake GST invoices, held
07 Oct

A racket of generating fake Goods and Services Tax (GST) invoices for fraudulently claiming the input tax credit (ITC) on non-supplied goods was buste ...

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Auto sector slowdown, widespread rainfall in Aug impacted GST mop-up
05 Oct

The Centre has blamed the cyclical slowdown in sectors such as automobile and widespread rainfall during August for the low Goods and Services Tax (GS ...

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Due to falling GST collection , Punjab say GST needs a fresh look
05 Oct

Falling goods and services tax collections seems to be driving a wedge between states and the Centre.
After Kerala, Punjab finance minister Manpree ...

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GST collections have grown 4.9 % Y-o-Y: RBI Monetary Policy
05 Oct

Despite GST collections coming at an 18 month low for the month of September 2019, the Reserve Bank of India (RBI) in its Monetary Policy Report state ...

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GST haunts businesses with PMC accounts
04 Oct

Every PMC account holder is feeling the pinch. While many lost investments, there are others who have lost investments along with means to run their b ...

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GST amendment bill to be tabled in state assembly
04 Oct

The state Cabinet has decided to introduce the GST Amendment Bill, 2019 in line with the Union government’s requirements during the assembly session s ...

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A taxing time for states
04 Oct

There are growing concerns that the two major sources of tax revenues for state governments, the state goods and services tax (SGST) and central tax d ...

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Only 7% taxpayers will be required to submit monthly GST returns
03 Oct

About 93% of the goods and services taxpayers will be relieved of monthly return filing from the next fiscal year once the new simplified return syste ...

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Modi government gave gift to small businessmen! Just fill GST returns with SMS
03 Oct

The central government has given big relief to small traders. Goods and Services Tax (GST) assesses will be able to file GST Returns by sending only S ...

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Due to Floods and Auto slowdown: GST mop-up dips 3%
03 Oct

Goods and services tax (GST) collections in September fell 2.7% to Rs 91,916 crore, the lowest monthly mop-up in 19 months, as floods and the auto slo ...

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Gujarat High Court issues notice to Centre, GST Council, CBIC
03 Oct

Gujarat High Court has issued notices to the Centre, the Goods and Services Tax (GST) Council and the Central Board of Indirect Taxes and Customs (CBI ...

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List of new exemptions issued in notification
02 Oct

Dried Tamarind & plates and cups made of all kind of leaves or flower or bark exempted .
Supplies of Silver and Platinum by nominated agencies ...

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GST collection to reduce festive sales in e-commerce
01 Oct

offline traders have once again approached the government against the huge discounts being offered in e-commerce giants Flipkart and Amazon's festive ...

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Two firms in Surat, Vapi raided for GST evasion
01 Oct

Directorate General of GST Investigation (DGGI) unearthed Rs 8.75 crore worth of tax evasion by two firms based in Surat and Vapi respectively on Frid ...

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Tax Cuts Not Enough to Lift Sentiment On Auto: Jefferies
01 Oct

Brokerage Jefferies said it expects sharp cuts to FY20 earnings estimates of auto companies despite the recent corporate tax cut bonanza. Downgrading ...

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CAIT says e-commerce portals avoiding GST during festival sales; seeks probe
30 Oct

Traders body CAIT on Sunday alleged that e-commerce portals during the festive sales are causing huge loss of revenue to the government by levying GST ...

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Around 60 realty firms face GST anti-profiteering case
30 Oct

The National Anti-Profiteering Authority (NAA) for goods and services tax is likely to deliver orders, starting next month, in around 60 profiteering ...

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GST Council clarify some recommendation made during 37th council meet
30 Oct

In Goa at its 37th meeting, the Goods and Services Tax (GST) Council made several recommendations to rationalize rates on some items, ease the complia ...

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Goa likely to suffer huge losses as GST revenue deficit touches 26%
28 Oct

The reduced GST rates may have brought cheer amongst the hotel industry across the country and to a state like Goa which is entirely dependent on tour ...

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Security firm admits to evading tax worth Rs 6 crore: GST Intelligence
28 Oct

Official of the Directorate General of GST Intelligence (DGGI) raided the premises of a security agency in Vapi of Valsad on Friday and found tax evas ...

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GST Network starts online refund processing
27 Oct

GST Network, the IT backbone of the indirect tax system, on Thursday unveiled an online refund process as decided by the GST Council.
With the depl ...

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The GST’s initial premise should be revisited
27 Oct

When the GST was launched in July 1, 2017 with the promise to simplify our incredibly complex indirect tax system and unify the country through a sing ...

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Fan manufacturers desire govt. to cut GST to 12%
27 Oct

Domestic fan manufacturers have urged the government to bring down the GST to 12% from 18% at present, saying duty reduction will help the industry in ...

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Panel spikes plea to lower GST on 165 more items
26 Oct

Motor vehicles and biscuits may have hogged the headlines when the Goods and Services Tax (GST) Council decided not to lower the rates last week, but ...

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Hotel guests may not gain much from GST rate cut
26 Oct

The decision to hike hotel room rates by hospitality chains has raised another concern in the market – will the benefits from the recent reduction in ...

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Auto Industry must find own balance to enhance demand as GST council declines rate cut
25 Oct

Society of Indian Automobile Manufacturers (SIAM) said that the auto industry would have to "find its own balance" to boost demand, with the GST Counc ...

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GST fraud Of Rs. 400 Crore involving Special Economic Zone units detected
25 Oct

The Directorate General of GST Intelligence has unearthed a scam in which exporters from the National Capital Region (NCR) allegedly availed Goods and ...

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'Under-invoicing' leading to GST evasion, claim bicycles makers
24 Oct

The "under-invoicing" of bicycles by some unscrupulous dealers in Ludhiana has hit the market of organised players and is also leading to GST evasion, ...

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Amit Mitra call to extend GST compensation payoff tenure
24 Oct

Bengal finance minister Amit Mitra has urged N.K. Singh, chairman of the Fifteenth Finance Commission, to extend the tenure of the GST compensation to ...

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Punjab CM befooling Sikhs on GST refund: SAD
24 Oct

Shiromani Akali Dal (SAD) on Monday attacked chief minister Amarinder Singh, saying the government had not refunded the state goods and services tax ( ...

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GST cheer for rail equipment makers
23 Oct

Manufacturers of rail equipment, including wagons, coaches and rolling stock, will be able to get more input tax credit (ITC) with the GST Council app ...

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GST Council withdraws circular, post-sale discount may be expensive
23 Oct

The controversy over whether post-sale discounts are taxable once again, between the peak supply of the festive season. The GST Council has withdrawn ...

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Hoteliers Expect Rise In Occupancy Post GST Rate Cut
23 Oct

Council's decision to lower GST on room tariffs 'will certainly increase occupancy'. The tax on room tariff of above Rs. 7,500 was lowered to 18% from ...

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GST measures to help export of gems and jewellery, says GJEPC
23 Oct

The GST rate reduction and corporate tax rate cuts will enhance ease of doing business, boost exports and make India more competitive with respect to ...

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Outcomes of 37th GST council meeting
21 Oct

  • GST Council recommends lower 12% cess on 1,500 cc diesel, 1,200 cc petrol vehicles with capacity to carry up to 13 people.
  • Group insur ...

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GST Rate Cut on Hotel Tariffs, Raised on Caffeinated Drinks
21 Oct

Goods and Services Tax (GST) Council has cut taxes on hotel accommodation, outdoor catering, cut and polished semi-precious stones and lowered cess on ...

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FM slashes corporate tax to fire up economy, market responds with a massive surge
21 Oct

Diwali came early for India Inc and the bourses after the Centre slashed effective corporate tax to 25.17%, inclusive of all cess and surcharges, for ...

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Five things to expect from GST Council meeting
20 Oct

The Council is expected to cut tax rates on hotels that charge room tariff of Rs. 7,500 or more per night and currently attract 28% GST.
The Counci ...

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Madras HC stays GST ruling on flat maintenance charges
20 Oct

The Madras High Court has stayed an order of the Tamil Nadu Authority for Advance Ruling (AAR) that 18% GST is applicable on the entire amount of the ...

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Little fiscal room for govt, but rates can drop: RBI guv
20 Oct

RBI governor said  that the government has little room for fiscal expansion. But he added there is more room to cut rates given the growth decele ...

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Govt. may necessitate E-way bill for Gold
19 Oct

The government is considering a proposal to make e-way bills necessary for transportation of precious metals like gold to stop malpractices and check ...

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Different Interest rates for delayed GST planned by Govt.
19 Oct

Govt. may levy differential rates of interest on taxpayers for delayed payment of Goods and Services tax (GST) in an attempt to prod businesses to pay ...

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Centre to review Issue of heavy Tax On Hotel Rooms with GST Council
19 Oct

The Centre on Wednesday said it will certainly take up the issue of "hefty" GST on hotel rooms' tariff in the meeting of its council as it impacts the ...

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‘Zero Duty on Open Cell TV Panels Only Till Sept 2020’
19 Oct

The Centre’s move to scrap the import duty on open cell panel, which claims 65-70% of the television production cost, will be valid for one year after ...

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Government looks at 28% GST on lottery
18 Oct

Govt. is looking at a single rate of 28% goods and services tax (GST) on lottery as part of the “one-nation, one-tax” principle, while also explo ...

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Five-Star hotels rates may be rationalise by GST Council
18 Oct

The Goods and Services Tax (GST) Council is likely rationalise rates for five-star hotels in its meeting on Friday, holding out hopes for a boost to t ...

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Working Under Amended GST Return Filing System
18 Oct

The new GST returns will replace the present system of GSTR-3B, GSTR-1 and the auto-populated GSTR-2A. Where GSTR-1 is the return of outward supplies, ...

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Cos Move Court Against Govt Over GST on Long-term Land Lease Pacts
18 Oct

Some companies have dragged the government and the indirect tax department to court over goods and services tax (GST) levied on long-term lease agreem ...

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GST Council not likely to reduce levy on biscuits
18 Oct

The GST Council may stay clear of reducing goods and services tax (GST) on biscuits, whose case is being aggressively pushed by companies led by Parle ...

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MeitY, DPIIT urge lower GST on ACs, high-end TVs
17 Oct

The ministry of electronics and IT and the Department for Promotion of Industry and Internal Trade (DPIIT) have pushed for reduction of goods and serv ...

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Govt exempts cash payments above Rs 1 crore via APMC from 2% TDS
17 Oct

Govt. gave boost to liquidity in the farm sector ahead of the kharif harvesting season. It has decided not to levy the 2% tax deducted at source (TDS) ...

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Ministry of Finanace provide additonal depreciation on vehicle purchased from now till 31-3-2020
17 Oct

Nirmala Sitharaman said that to boost demand in the automobile sector several temporary relief measures will be introduced including an increased depr ...

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Aadhaar verification to be mandatory for new dealers from January
16 Oct

To check malpractices in GST, the GST Network decided to make Aadhaar authentication or physical verification mandatory for new dealers from January 2 ...

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Automobile industry woes and the conundrum of a cut in the GST rate
16 Oct

The fear of slowing automobile sales tipping over into a recession is mounting. The industry is pinning its hopes on a cut in the goods and services t ...

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States wary of any move to reduce GST rates
16 Oct

The Goods and Services Tax (GST) Council meeting on Friday is likely to be a stormy affair, with some states opposing the Centre’s proposal to cut tax ...

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GST network releases online version of two simplified forms for taxpayers
14 Oct

The Goods and Services Tax Network (GSTN) on Friday released two forms-- ANX-1 and ANX-2--for simplified online returns.
A taxpayer will have to fi ...

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Firms with annual income upto Rs 2 crore could get GST return relief
14 Oct

The all-powerful GST Council is set to discuss a proposal to exempt small businesses with annual turnover of less than Rs 2 crore from filing annual r ...

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RBI panel pitches for federal body like GST Council in farm sector
14 Oct

An RBI panel on Friday suggested setting up of a federal body on the lines of the GST Council to implement reforms and boost credit flow in the agricu ...

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CBI Arrests GST Superintendent from Meerut in Rs 3 Lakh Bribe Case
14 Oct

The CBI has arrested a superintendent in the Goods and Services Tax (GST) Department from Meerut for allegedly taking Rs 3 lakh to clear a pending cas ...

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States May Support GST Relief for Hotels, Consensus Unlikely on Auto
14 Oct

India's apex decision body for goods and services tax (GST) could consider relief for the hotel sector, a proposal that is likely to be backed by stat ...

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Most states demand GST cess extension for 3 years
14 Oct

Most states have pitched for extending the GST cess on automobiles, soft drinks, coal, tobacco and pan masala by another three years to compensate the ...

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Firms with annual turnover upto Rs 5 crore could get GST return relief
13 Oct

The all-powerful GST Council is set to discuss a proposal to exempt small businesses with annual turnover of less than Rs 5 crore from filing annual r ...

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Maharashtra FM seeks GST cut on Mumbai redevelopment projects: Report
13 Oct

To bring relief to Mumbai’s real estate sector from the current slowdown, Maharashtra Finance Minister Sudhir Mungantiwar has sought goods and service ...

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NPCI clears GST sops for UPI QR code payments
12 Oct

Consumers and merchants might be able to avail tax incentive for digital payments through QR code on Unified Payments Interface (UPI) from next year. ...

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Big relief for small-GST assessees: May be spared burden of filing FY18 annual return
12 Oct

Small Goods & Services Tax (GST) assessees are likely to be exempted from filing annual returns for a year or so.
According to officials, small ...

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Auto stocks rally on hopes of GST rate cut; Tata Motors, Eicher, Maruti Suzuki gain up to 10%
12 Oct

Shares of auto companies rallied up to 10 per cent on the Bombay Stock Exchange (BSE) on Wednesday on hopes of GST rate cut after Finance Minister Nir ...

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PVR, NY Cinemas probed for not passing on GST perks
12 Oct

The Director-General of Anti-Profiteering (DGAP) has begun investigations into NY Cinemas, PVR Cinemas and the Prasads Multiplex chain for allegedly p ...

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Goa meet, GST Council to look into inverted duty structure issue
11 Oct

The Goods & Services (GST) Council is expected to resolve issues related with inverted duty structure for various sectors in its 37th meeting sche ...

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Annual GST returns will end on turnover up to Rs 5 crore!
11 Oct

The equipment in question is the engine-booster turbochargers that attracted lower GST of 5 percent instead of applicable 28 percent
The Directorat ...

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Millenials' preference for Ola, Uber responsible for auto crisis, says FM Nirmala Sitharaman
11 Oct

Amid the worst slowdown in the Indian automobile sector, Finance Minister Nirmala Sitharaman stated that the decline in auto sales is not due to just ...

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GST relief for biscuit makers on cards: Panel may assess demand to cut tax rate
10 Oct

GST fitment committee will assess the long-standing demand of biscuit makers’ to provide GST relief on biscuits and the same is likely to be addressed ...

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GST Council to meet on Sep 20: Likely to Propose Single Refund Mechanism to sanction Refund
10 Oct

The most powerful GST Council, in its meeting scheduled on 20th September is likely to propose a procedure to permit a single authority for sanctionin ...

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Telangana too now needs GST compensation
10 Oct

The severe financial crisis that the country has been witnessing impacted Telangana State’s economy and it had to be compensated for below par revenue ...

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MSMEs hail Centre’s move to quicken refunds of GST
09 Oct

The micro, small and medium enterprises (MSME) sector has hailed Centre’s move to quicken refunds of GST claims but expect more measures to cut down p ...

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Need to reduce GST on aluminium vessels stressed
09 Oct

The federation of aluminium vessel manufacturers has appealed to the Union Government to reduce the GST on these vessels.
Deputy Speaker Pollachi V ...

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GST Probe Body Allegedly Finds ABB India Evading Taxes
09 Oct

The indirect tax investigating agency allegedly found ABB India Ltd. evading goods and services tax by wrongly classifying equipment, according to a p ...

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High GST, increased Road Tax paralyze Automobile Industry in Jammu
09 Oct

The pan-India slowdown in Automobile Industry, which has been attributed mainly to higher GST rates by the industry leaders, has also started showing ...

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Top Hoteliers Meet Goa CM Pramod Sawant to Demand Cut in GST on Room Tariff
07 Oct

Top Goa hoteliers and tourism industry stakeholders sought reduction in the Goods and Services Tax (GST) on room tariff from 28 % to 12% to help the s ...

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Extend IT, GST return dates in J&K’
07 Oct

Chamber of Commerce & Industry Jammu urged to get the dates for filling of all Income Tax and GST returns extended in J&K till December 31, 20 ...

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GST rate cut relief likely for compact cars, parts makers
07 Oct

The clamour for lowering the goods and services tax rate for the auto industry, following the massive slowdown in the sector, may prompt the GST Counc ...

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GST rate cut, emphasise on exports can spur demand: Auto experts
06 Oct

Union minister Nitin Gadkari assured the crisis- hit automobile industry of all possible support from the government, including taking up the demand o ...

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GST hurting workers, companies interested in skill training: Experts
06 Oct

GST levy on services is being applied on workers enrolling for the government's skill development programme, discouraging them and industries alike....

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Small companies will get more relief, there may be change in online bill
06 Oct

The system of issuing e-invoicing (e-bill) ie online bill can be changed under GST. Initially, small companies can be exempted from this. According to ...

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Single authority mechanism for processing GST refunds to exporters soon
06 Oct

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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Centre looks to cut GST rates as car sales slump persists in August
03 Oct

The Union government has finally decided to bite the bullet on a tax cut for the automobile sector, on a day the industry reported the worst August fo ...

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Govt restores duty-free replenishment facility for jewellery exporters
03 Oct

The government has again permitted gold and silver jewellery exporters to replenish the precious metal duty free after selling it at international exh ...

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CBIC asks officers to meet GST refund target
03 Oct

In a swift action following Finance Minister Nirmala Sitharaman`s promise to clear all pending GST refunds of micro, small and medium enterprises (MSM ...

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GST collection drop Rs. 1L Cr. in Aug.
02 Oct

India's gross GST collections slipped below Rs 1 lakh crore to Rs. 98202 Crore in August.Gross revenue collections from the Goods and Services Tax in ...

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Tax mismatch: 443 bizmen get notices
02 Oct

The excise and taxation department has detected discrepancies in the sale and purchase record of 443 city-based businessmen from April 1 till August 3 ...

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Due date of Form GSTR-7 extended for Kashmir and specified districts
02 Oct

The Finance Ministry on Saturday extended the deadline to file GST Return for people of Jammu and Kashmir and 58 flood-affected districts of 7 States. ...

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Curb on fake invoices may add Rs 50,000 crore to GST kitty
02 Oct

The indirect tax department has developed a risk-based index to identify entities likely to indulge in generating ‘fake invoices’ to evade tax and is ...

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Attempts to reduce GST on cement, tax may be reduced from 28 to 18%
31 Oct

The government is now trying to accelerate the cold sectors. The government may soon announce some measures for one of these real sectors. The governm ...

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AP High Court permits revision in GSTR-3B Form
31 Oct

 Andhra Pradesh High Court has ruled that the GST Return (GSTR) Form — GSTR-3B — is a statement and a revision option should be provided. Once im ...

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West Bengal finance minister calls for tough steps to fix GST Frauds
31 Oct

West Bengal finance minister Amit Mitra has expressed deep concern over the cases of GST frauds and has shot off a letter to union finance minister Ni ...

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CBIC waived the requirement to furnish declaration in FORM ITC-04
31 Oct

ITC – 04 under GST has to be furnished by registered manufacturers, showing the details of inputs or capital goods d ...

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Rail wagon makers buck the trend, seek higher GST
30 Oct

Amid the clamour for cuts in goods and services tax (GST) rates to help revive demand, rail manufacturers are seeking the opposite—an increase. Genera ...

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Mitra: Introduce GSTR with invoice matching for all by Jan.
29 Oct

West Bengal finance minister Amit Mitra has sought a probe into rampant goods and services tax evasion. In a letter to finance minister Nirmala Sithar ...

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Deadline to file GST annual returns extended till Nov 30 after glitches
27 Oct

The last date for filing annual GST returns has been extended by three months to November 30 to help taxpayers facing technical problems in furnishing ...

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GST has made tobacco products only marginally costlier
27 Oct

With the introduction of the goods and services tax (GST) in 2017, all tobacco products — cigarettes, bidis and smokeless — attract the highest tax ra ...

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Road ministry seeks GST rate cut for hybrid cars and CNG vehicles
27 Oct

The ministry of road transport and highways has written to the finance ministry, seeking a goods and service tax rate cut for vehicles running on hybr ...

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CAIT seeks extension of last date to file GST annual return to October 31
23 Oct

Traders' body CAIT asked the finance ministry to extend the last date for filing annual GST return by two months to October 31.
The last date to ...

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Transport ministry wants lower GST on hybrid vehicles
23 Oct

The transport ministry has written to the finance ministry asking for the goods and services tax on hybrid vehicles to be reduced from 28%. 
T ...

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Govt gives businesses four months to settle indirect tax disputes
23 Oct

Businesses can now settle their pending disputes relating to central excise duty and service tax within four months starting 1 September under the ter ...

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Fish prices crash; Feed cos close as fish meal industry protests 5% GST
23 Oct

Fish prices have crashed even as the fish meal industry is on an indefinite strike from August 1 against the levy of a 5 per cent GST with retrospecti ...

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Further extension the only solution for GST annual return & GST audit
22 Oct

The GST annual return & GST audit report for the first year, which is 2017-18, had to be submitted before December 31, 2018, but saw three extensi ...

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Fake GST registrations found in ‘evasion-prone’ commodities
22 Oct

Across nearly a dozen commodities that have been considered evasion-prone, the Commercial Taxes Department has found out 285 newly registered taxpayer ...

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Recent Amendments in GST will benefit registered taxpayers
22 Oct

The threshold limit for registration under GST for suppliers of goods has been increased to Rs 40 lakh from Rs 20 lakh. This change had already been p ...

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GST dept yet to implement high court’s order on ITC
21 Oct

High court’s order that input tax credit (ITC) accumulated up to July 31, 2018 will not lapse had provided relief to powerloom weavers in Surat, but d ...

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GST: non-compliance will attract heavy penalty
21 Oct

With the deadline for the payment of Goods and Services Tax (GST) just ten days away, the Tirupati GST Commissionerate has cautioned the public about ...

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Kerala tightens GST screws, expects Rs 1,500-crore in fine
21 Oct

The state GST department is planning a slew of efforts to raise the tax revenue and meet the growth target, Finance minister Thomas Isaac has said. Th ...

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Jammu traders demand extension of deadline for filing income tax, GST returns
20 Oct

n Jammu and Kashmir, Jammu city-based traders' body today demanded to extend the deadline for filing Income Tax and GST returns as internet and other ...

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Gujarat fishmeal makers join nationwide strike against GST
20 Oct

Fishmeal producers of Gujarat suspended operations of their plants and joined the nationwide strike going on since the beginning of this month against ...

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Gujarat: Businessmen upset as tax amnesty not announced
19 Oct

Businessmen and tax practitioners in the state are irked as no action has been taken regarding the announcement by Finance Minister Nitin Patel while ...

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Petroleum Products Should Be Brought Under GST: Dharmendra Pradhan
19 Oct

Tamil Nadu pressing for zero GST for handlooms: O S Manian
19 Oct

Tamil Nadu is making efforts to convince the Central government to fully exempt handloom textiles from the purview of GST, just as the Khadi sector ha ...

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DGGI (HQs) arrests Two Persons in cases of Fraudulent IGST Refund claims
19 Oct

 Two Arrests have been made by the Directorate General of GST Intelligence (HQs) in cases of fraudulent IGST refund claims. Action was taken on r ...

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No Arrest on ground of Mere ‘Suspicion’: Gujarat High Court to GST Dept
19 Oct

In an assessee-friendly verdict, a two-judge bench of the Gujarat High Court has restricted the GST authorities from arresting a city-based trader Vim ...

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

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

 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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

 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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

  • 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 Oct

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 Oct

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 Oct

 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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

  
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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

"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 Oct

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 Oct

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 Oct


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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct


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 Oct

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 Oct

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 Oct


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 Oct


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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

“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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

 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 Oct

 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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

 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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

“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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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 Oct

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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