text:
Around 5,000 companies have come under the scanner of tax authorities due to alleged discrepancies between their Goods and Services Tax (GST) filings ...Read more
The Central Board of Indirect Taxes and Customs (CBIC) has frozen tax credits of around Rs 40,000 crore as the returns did not match, exposing alleged ...Read more
Automotive industry body SIAM on Monday urged the finance ministry to announce scrappage policy along with the reduction of GST rates for BSVI vehicle ...Read more
The Bombay High Court recently ordered that GST officials must not exercise the power of attaching a taxpayer's bank account on a routine basis as it' ...Read more
Leading industry body Indian Auto LPG Coalition has sought GST reduction on Auto LPG as well as on conversion kits for gaseous fuels to promote the ad ...Read more
Issue of e-invoices by the taxpayers registered under GST having a turnover above Rs 500 crores has been notified on 13th Dec 2019. It is optional to ...Read more
The government has asked GST authorities to block input tax credit of about 1,000 taxpayers who have allegedly claimed more credit than they were elig ...Read more
Taking exception to the network-related glitches in the implementation of Goods and Services Tax (GST), the tax practitioners took out a rally i ...Read more
While upholding the ruling Appellate Authority Advance Ruling (AAAR) the Allahabad High Court has held that odomos is not a medicine, it is a mosquito ...Read more
The finance ministry on Wednesday staggered last dates of filling GSTR-3B, a monthly return form, and has provided three dates for different categorie ...Read more
On a day the Shiv Sena-led Maharashtra government made "Tanhaji: The Unsung Warrior" tax-free, state PWD Minister Ashok Chavan on Wednesday demanded t ...Read more
The Goa Authority for Advance Ruling (AAR) held that compensation paid for setting up of Special Economic Zone (SEZ) unit will be considered as a 'sup ...Read more
Central Goods and Services Tax (CGST) officials have arrested a 36-year-old director of a metal trading firm in a Rs 10-crore GST scam.
The Thane w ...
The government may be losing Rs 5 trillion in indirect tax revenue a year, amounting to 40% of its goods and services tax (GST) collection target, bec ...Read more
Reduction in the Goods & Services Tax (GST) tops the budget wish-list of the beleaguered automobile industry. Last year, the industry recorded its ...Read more
The domestic consumer electronics industry has sought lowering of goods and services tax (GST) and waiver of import duty for inputs used to make compo ...Read more
Small businesses, mainly exporters, are at loggerheads with Finance Ministry over the input tax credit refunds. While exporters claim the government h ...Read more
With no sight of including jet fuel in Goods and Services Tax (GST) in near future, the government is considering levying specific rate of excise duty ...Read more
The anti evasion wing of Mumbai Central GST has busted a "major illegal gold movement channel," the GST Mumbai Central Commissionerate tweeted Friday ...Read more
To augment collections amid growing concerns over missing the budgeted estimates, the government has reset the target for goods and service tax (GST) ...Read more
The Bhutan's Ministry of Finance introduced GST of flat 7% that will replace all indirect taxes like sales tax, customs duty and exercise duty as per ...Read more
The Union Budget is a fortnight away and various industry insiders have started to put forth their demands for induction in the final budget to be pre ...Read more
The National Anti-Profiteering Authority (NAA), is likely to come down heavily on several organizations in the corporate sector, as show cause notices ...Read more
A recent analytics-driven probe into Goods and Services Tax (GST) refunds has led investigators to detect more than 1,200 untraceable exporters, savin ...Read more
A wave of orders is expected from the National Anti-profiteering Authority (NAA) in the next three months, with the Centre stepping up a goods and ser ...Read more
In a bid to alleviate exporters' concerns amid an economic slowdown, the government is likely to propose changes to the goods and services tax (GST) p ...Read more
The Madhya Pradesh High Court has denied the Bail application filed by GST Evader in connection with Crime which registered at Commissioner, Central G ...Read more
The government is likely to make fraudulent claims for input tax credit a non-bailable offence in the hands of recipients of goods and services in the ...Read more
The Kerala high court has tried to clear the air over the contentious issue of composite supplies under the Goods and Services Tax (GST) which experts ...Read more
Traders body Confederation of All India Traders (CAIT) will urge finance minister Nirmala Sitharaman for an investigation into alleged avoidance of GS ...Read more
Department of Revenue through data analysis has identified 931 cases of fraudulent GST.The maximum numbers of such cases for Input Tax Credit frauds h ...Read more
The International Energy Agency (IEA) has slammed India's natural gas pricing policy, saying linking domestic production to very low global reference ...Read more
Banks, airlines, insurance companies, armed forces and telecom service providers are likely to be exempted from mandatory issuing of e-invoices under ...Read more
Finance Minister Nirmala Sitharaman will present her second Union Budget on February 1. All eyes will be on what the Budget holds for car buyers. In t ...Read more
Cracking down on erring business firms, state Goods and Service Tax (GST) department has cancelled registration numbers of over 12,000 firms, which di ...Read more
Kerala Finance Minister Dr TM Thomas Isaac said he will put up a proposal before other finance ministers on the possibility of approaching the Supreme ...Read more
The central GST department on Friday conducted "Searches and Survey" at several places in Chandigarh and found major irreegularities and evasion of ta ...Read more
Microfinance industry body Sa-Dhan in its wish-list for Budget 2020-21 has urged the government to do away with levy of goods and services tax (GST) o ...Read more
The zonal unit of Director General of GST Intelligence (DGGI) has arrested a 69-year-old man for violation of CGST Act by allegedly issuing fake invoi ...Read more
India Inc is set to face first ever tax audit under the goods and services tax (GST) regime. The GST authorities have begun issuing notices for the ta ...Read more
A nine-point plan has been firmed up to plug revenue leakages under the goods and services tax regime. It includes setting up a panel with tax officia ...Read more
Central and state government officials on Tuesday decided to scrutinize goods and services tax (GST) refund claims more diligently, compulsorily inves ...Read more
Two years after introducing a poorly thought out, and hastily pushed through, Goods and Services Tax (GST), the government is grappling with a botched ...Read more
Two top executives of Maithan Ispat Limited, a subsidiary of MESCO Steel, have landed behind the bars for allegedly availing Rs 23 crore input tax cre ...Read more
Goods and services tax (GST) collections in December accelerated to cross the Rs.1 trillion mark for the second consecutive month, up 8.9% year-on-yea ...Read more
The Parliamentary panel on Finance met on Friday and Opposition members raised the delay in payment of compensation for loss of revenue from implement ...Read more
To streamline Goods and Service Tax (GST) system and refunds, enhance GST compliance and discourage tax evaders, commissioners of state tax and chief ...Read more
In a significant relaxation for the ecommerce sector, the government could allow online platforms such as Amazon and Flipkart to upload e-invoice for ...Read more
The government plans to increase the use of artificial intelligence and data analytics to track down tax evaders, and improve compliance with the Good ...Read more
Indian mobile handset manufacturers have sought a lower 12 per cent GST on the Parts and Accessories universe as per the phased manufacturing programm ...Read more
Publishers of books for Uttar Pradesh Madhyamik Shiksha Parishad (UPMSP), also known as UP Board, will have to pay goods and services tax (GST) to the ...Read more
India could look at a calibrated increase in the goods and services tax rates to shield consumers from sudden price shocks, apart from minimizing exem ...Read more
Gross Goods and Services Tax (GST) collections crossed the Rs 1 lakh crore benchmark for the second consecutive month in December 2019. At Rs 1.03 lak ...Read more
To amend notification No. 13/ 2017- Central Tax (Rate) which was further amended by 22/2019 dated 30.09.19 in respect of RCM services, to replace ...Read more
To amend notification No. 12/ 2017- Central Tax (Rate) .In the said notification, in the Table, against serial number 41, - (a) in column (3), for th ...Read more
To amend notification No. 10/ 2017- Integrated Tax (Rate),To amend notification No. 10/ 2017-Integrated Tax (Rate) , to replace the Services spec ...Read more
To amend notification No. 9/ 2017- Integrated Tax (Rate),In the said notification, in the Table, against serial number 43, - (a) in column (3), for t ...Read more
To amend notification No. 13/ 2017- Union Territory Tax (Rate) , to replace the Services specified under S. no. 15 to include the Taxi Services p ...Read more
To amend notification No. 12/ 2017- Union Territory Tax (Rate) ,In the said notification, in the Table, against serial number 41, - (a) in column (3) ...Read more
In the said notification, - (a) in Schedule II - 6%, serial numbers 80AA and 171A and the entries relating thereto shall be omitted; (b) in Schedul ...Read more
The Central Board of Indirect Taxes and Customs (CBIC) has paid over 83500 exporters the IGST refunds worth Rs 1.12 lakh crore. Stating the refunds ...Read more
The Centre is planning to restructure the Goods and Services Tax (GST) and in this regard will talk to the state governments after the presentation of ...Read more
Two things that will change the way transactions are reported under the goods and services tax (GST) system in 2020 are electronic invoicing and new r ...Read more
The oil ministry has proposed reducing the goods and services tax on compressed natural gas (CNG)-driven vehicles to 5% — at par with electric vehicle ...Read more
The Narendra Modi administration and state governments will hold fresh negotiations to overhaul the goods and services tax (GST) after the Union budge ...Read more
Experts say the new procedures in the goods and services tax (GST) system that enable officials to attach properties, including bank accounts, and can ...Read more
Amid the country's dismal exports performance — merchandise exports shrank 0.34% year-on-year in November, the fifth contraction in the past eight mon ...Read more
Taxpayers can clear their backlog of GSTR-1, pending from July 2017 to November 2019 without paying any late fees as the authorities have provided a o ...Read more
Goods and Services Tax (GST) authorities can freeze your bank account, attach your property, if you do not file your (GST) returns on time. A new set ...Read more
Healthcare Federation of India (NATHEALTH) on Thursday urged the government for bringing in zero-rating GST for healthcare services and making it a ...Read more
GST officials have unearthed a racket involving fake invoicing worth Rs 1,600 crore that resulted in tax evasion of Rs 241 crore, an official release ...Read more
Notice will be issued on the fifth day if GST returns are not filed. Assessment after 15 days and tax demand will come out after next 30 days.The gove ...Read more
Grievance Redressal Committees will be set up at the state and zone levels soon to assist trader and industrialists combating the technical issues o ...Read more
NITI Aayog Member Ramesh Chand on Wednesday made a case for only two slabs under the Goods and Services Tax (GST) regime as against the current multip ...Read more
The government is looking to rework the GST structure for a range of products, starting from footwear and fertiliser to mobile phones and medical eq ...Read more
The National Anti-Profiteering Authority has slapped a Rs 230 crore penalty against baby products maker Johnson& Johnson for profiteering from ...Read more
Life and general insurance companies have sought reduction in the Goods & Services Tax (GST) rate from the GST Council. Citing low penetration ...Read more
The government may allow companies undergoing resolution under the Insolvency and Bankruptcy Code (IBC) to pay current levies of goods and services ...Read more
The centre is staring at a Rs 63,200-crore shortfall in goods and services tax compensation cess for FY20 as revenues slow down. Delay in release of ...Read more
Top banks that use collateralised borrowing and lending obligation (CBLO) instruments have reached out to their tax advisers, seeking clarity on whe ...Read more
There is no possibility of a GST rate hike before indirect tax revenue generation stabilisies. States are not in favour of increasing GST rates at a ...Read more
The government may allow companies undergoing resolution under the Insolvency and Bankruptcy Code (IBC) to pay current levies of goods and services ...Read more
GST collection contracted for two consecutive months of September (2.7 per cent) and October (5.3 per cent), while November collection showed an upt ...Read more
Industry fears that the Goods and Services Tax (GST) Council's decision to further restrict input tax credit (ITC) on invoices not uploaded in the r ...Read more
In Haryana, the revenue under State GST has recorded a growth rate of 33 per cent in the month of November, 2019 over the corresponding month of the ...Read more
The 38th meeting of the GST Council has made further changes to the way you can claim input tax credit. According to the Council in case where there i ...Read more
The shortfall in goods and Services Tax (GST) revenue collection is an investment for progress as the long-term benefits of tax reforms are immense, a ...Read more
The GST Council in its meeting today has extended the Due Date for furnishing GST Annual Return and Reconciliation Statement (GSTR-9 / 9A and GSTR-9C) ...Read more
The government is set to amend Section 49 of the Goods and Services Tax (GST) law that would allow tax officers to block input tax credit of companies ...Read more
The government is looking to balance revenue collections between states and the Centre besides ironing out problems faced by a few industries, the peo ...Read more
Amid concerns that the government may fall short of tax collection target in a slowing economy, the Centre has set an ambitious Rs 1.1 trillion monthl ...Read more
Facing heat over delay in payment of GST compensation, the central government on Monday released Rs 35,298 crore to state to make up for the loss of r ...Read more
The 38th meeting of the GST Council comes at a time the government is staring at a widening fiscal deficit due to shrinking GST collections. The GST C ...Read more
Industry has pitched for staggered implementation of new tax returns under the goods and services tax (GST) system, which are scheduled to be introduc ...Read more
Beginning January 1, a game changing invoicing system will be introduced in the Goods and Services Tax (GST) system. A standardised protocol, powered ...Read more
Several measures aimed at plugging revenue leakages under the goods and services tax (GST) regime are expected to figure at the upcoming GST Council m ...Read more
The government may bring certain healthcare services under the GST net, touching upon a sensitive area, as it looks to give a leg up to revenue mobili ...Read more
The Comptroller and Auditor General of India (CAG) has detected several irregularities and lacunae in the processes followed by the Gujarat govern ...
The finance minister, responding to reports of a possible increase in GST, said the buzz is everywhere other than her office."Buzz is everywhere other ...Read more
Congress leader and former GST Council member Krishna Byre Gowda has cautioned the Council that if it were to go ahead with any increase in GST rates ...Read more
A proposal to levy additional cess on certain commodities and to hike GST rates is snowballing into a huge problem for the state government, worried ...Read more
The GST Council may hike rates on mobile phones and fabric at its meet on December 18 in its bid to shore up a shortfall in collections and pending ...Read more
Worried about rising cost of production, city's shawl manufacturers are now demanding that they should be allowed to claim refund of 12 per cent GST ...Read more
With pressure on revenue collection, the goods and services tax (GST) rates and slabs may be raised during the GST Council meeting next week.The all-p ...Read more
The goods and services tax (GST) profiteering watchdog imposed a penalty of Rs 90 crore on fast-moving consumer goods giant Nestle for not passing on ...Read more
The Commercial Taxes department' south zone enforcement officials collected Rs 1.42 crore from dealers in central business district (CBD) in taxes and ...Read more
Consumers must brace themselves for higher goods and services tax (GST) rates from April 1, with the GST Council likely to decide on overhauling the r ...Read more
The GST Council will reportedly discuss the option of moving 243 items to the 18 percent slab and scrapping the 12 percent slab. If this fructifies, t ...Read more
On 14 November 2019, the government provided major relief to taxpayers by extending the due date for filing GSTR-9 and GSTR-9C. The due date for filin ...Read more
The Central GST collection fell short of the budgeted estimate by nearly 40 per cent during the April-November period of 2019-20, according to the dat ...Read more
As it may not find it easy to raise the tax rates on mass-consumption, high-revenue items, given the overall demand slump, the Goods and Services Tax ...Read more
The meeting with Chief Minister Uddhav Thackeray on Thursday has given the civic body hope that the compensation for the revenue shortfall under goods ...Read more
The Bhupesh Baghel-led Congress government in Chhattisgarh is mulling moving a resolution in the assembly against the central government over delayed ...Read more
Almost two and a half years since its launch, the GST council is expected to discuss major restructuring to raise the base slab from 5% to 9-10%...Read more
Finance Minister Nirmala Sitharaman on Saturday invited those who are interested in providing suggestions on simplifying and easing the Goods and Serv ...Read more
Bihar Deputy Chief Minister Sushil Modi on Friday said the slowdown in the automobile sector has adversely impacted the GST compensation cess fund as ...Read more
The Central Board of Indirect Taxes and Customs (CBIC) has withdrawn a circular which created confusion on whether IT service providers can be quali ...Read more
The panel for shoring up muted goods and services tax (GST) collection is examining slab restructuring by increasing the 5 per cent rate to ...Read more
Textiles minister Smriti Zubin Irani said that textile exports have increased 6.2% post-Goods and Services Tax (GST) as compared with corresponding p ...Read more
Oil Minister Dharmendra Pradhan on Thursday hoped that Finance Minister Nirmala Sitharaman will signal the inclusion of jet fuel and natural gas und ...Read more
Over two months after the last GST Council meeting, a 10-member group of ministers (GoM) headed by finance minister Nirmala Sitharaman has been set ...Read more
Only after a blocked GST taxpayer files his/her pending GSTR-3B for the default period(s), the blocked GSTIN will get unblocked automatically the foll ...Read more
Delhi High Court on Wednesday stayed the applicability of interest levied on the profiteered amount relating to the Goods & Services Tax (GST). ...Read more
Opposition, as well as BJP-ruled states, are not on board to reconsider the number of goods that are exempted from GST, while some of them have agreed ...Read more
The government has begun discussions with states for a possible revamp of the goods and services tax, which may include bringing a few exempted items ...Read more
The GST Council, at its next meeting on December 18, is expected to deliberate on an alternative mechanism for compensation cess and look at ways to b ...Read more
Businesses of roughly 300,000 firms paying goods and services tax (GST) were likely impacted on Monday, as the government had blocked e-way bill gener ...Read more
As many as 3.5 lakh GST payers may see their e-way bill facility get
blocked from today. GST Network, the entity that provides the IT backbone for ...
The Authority of Advance Ruling (AAR) in Karnataka has ruled that, Goods and Services Tax ( GST ) is applicable on delayed payment by Share Broker fro ...Read more
India's goods and services tax collections rose 6% to Rs 1.03 lakh crore in November,reversing two months of decline, with experts attributing the inc ...Read more
New GST Returns will apply to all GST-registered taxpayers except non-resident registered persons, composition dealers, input service distributors, in ...Read more
Homebuyers who paid excess GST may seek discounts from their developers. The Tamil Nadu Real Estate Regulatory Authority (TNRERA) on Thursday direc ...Read more
The city-businessmen are a worried lot as they are not getting GST refunds timely. The state taxation department is already under fire for not renewin ...Read more
From April 1 next year, electronic invoicing (e-invoicing) will be mandatory for businesses with a turnover of Rs 100 crore, the government said on Th ...Read more
Homebuyers who paid excess GST may seek discounts from their developers. The Tamil Nadu Real Estate Regulatory Authority (TNRERA) on Thursday directed ...Read more
States will need to be compensated for their revenue shortfall under goods and services tax (GST) even after 2022 — the sunset year for compensation ...Read more
At a broad level, it was visualised that as many of the inputs used by a hotel such as grains, vegetables, fruits etc. would not attract GST, hence ...Read more
As this may lead to stoppage of development work and payments to employees, the Congress on Wednesday raised in Rajya Sabha the issue of ...Read more
GST authorities have unearthed a tax racket and arrested one person for allegedly defrauding the government to the tune of about Rs 140 crore through ...Read more
India's business process outsourcing industry is in a quandary as refunds of taxes paid on inputs remain stalled for want of a clear directive from th ...Read more
The Central Board of Indirect Taxes and Customs ( CBIC ) has issued clarifications on the scope of the notification entry at item (id), related to job ...Read more
The Madras High Court has quashed GST department's proceedings against the petitioner to the recovery of Tax. The Petitioner has challenged the procee ...Read more
Tax authorities have identified B2C sales as a key source of leakage of goods and services tax (GST) as consumers are often cajoled into paying in cas ...Read more
After writing letters to the Prime Minister Narendra Modi and Commerce Minister Piyush Goyal, the Confederation of All India Traders (CAIT), a traders ...Read more
Many GST taxpayers, especially small firms, are a worried lot these days with authorities sending system-generated red flags in their online return fo ...Read more
Transitional impact of GST and poor agricultural situation in 2018-19 fiscal led to the 0.1 percentage point drift in fiscal deficit to 3.4 per cent, ...Read more
Selling land does not attract the Goods and Services Tax, but if some one develops and sells a parcel, then it comes under the GST ambit, according to ...Read more
The government raised concerns over fake invoices being generated in the business-to-business (B2B) segment which is impacting GST collections. ...Read more
The war of words over GST compensation continued between the Centre and the State governments, with West Bengal Finance Minister Amit Mitra pointing o ...Read more
Several financial services companies have started receiving written enquiries from tax officers based in small towns seeking details around organisati ...Read more
The Department of Telecommunications will ask the finance ministry to refer the pending issue of refunding input tax credits of telecom companies wort ...Read more
GST amendments, circulars and change of rules have befuddled MSMEs and small tax payers. The enforcement of a new sub-Rule 36(4) has further complicat ...Read more
The department of central goods and services tax and central excise (Kolkata South) has arrested four men for making false GST claims and getting inpu ...Read more
After 60% of the taxpayers in Jammu and Kashmir were unable to file their Goods and Services Tax (GST) due to the continuing internet blockade since A ...Read more
The Gujarat High Court has issued a notice to the Centre seeking to know why the option of input tax credit under goods and services tax (GST) regime ...Read more
The GST portal crashed on Tuesday with only one day left to file the GSTR-3B return form. Unable to file their returns right before the GST deadline, ...Read more
In its ongoing crackdown on fake GST invoices and input tax credit (ITC) cases, the customs and central GST authority in Meerut arrested a Moradabad-b ...Read more
Seeks to clarify optional filing of annual return under notification No. 47/2019-Central Tax dated 9th October, 2019.Read more
Seeks to clarify the fully electronic refund process through FORM GST RFD-01 and single disbursement.Read more
Finance Minister on Saturday held meeting with Chartered Accountants, traders and other stakeholders as part of efforts to further simplify ...Read more
The government is going to take strict action against those who do not file GST returns on time. Now, businessmen who do not file returns tw ...Read more
GST registered dealers are annoyed at the Union Government for its new provision as per which 80 per cent of the input credit of the buyer w ...Read more
The government is looking to clarify that goods and services tax (GST) should not be applicable on salaries of chief executives sitting in head office ...Read more
The revenue department on Friday said it has unearthed a racket involving issuances of fake invoices for availing tax benefits worth Rs 22 crore under ...Read more
The Goods and Services Tax (GST) on matchboxes should be brought down to 12 per cent from the existing 18%, Tamil Nadu Information and Publicity Minis ...Read more
The Government has to extend the due dates of filing of Form GSTR-9 (Annual Return) and Form GSTR-9C (Reconciliation Statement) for Financial Year 201 ...Read more
Amid repeated concerns over glitches in filing of GST returns and getting refunds, finance minister Nirmala Sitharaman has invited tax practitioner as ...Read more
The Delhi High Court has directed Goods and Services Tax ( GST ) department to either open the online portal so as to enable the petitioner to ...Read more
The Kerala Authority for Advance Ruling in an application filed by M/s Travancore Cocotuft Pvt Ltd held that PVC tufted coir mats and matting shall be ...Read more
The government has allowed businesses to do self-assessment while claiming credits for the Goods and Services Tax (GST) paid on raw material ...Read more
Concerned with the dipping monthly collections of Goods and Services Tax (GST), the government and indirect tax department are now planning stricter m ...Read more
CBIC's latest GST circular clears air over several key issues such as how to calculate 20% amount over and above the eligible amount of ITC, cut-off d ...Read more
Along with sweeping changes in federal and state taxation, the goods and services tax (GST) introduced in 2017 also impacted how business was done, pa ...Read more
E-invoicing in India will be a big move, due to the volume of business transactions undertaken every day, as well as the plethora of different, non- ...Read more
Citing the Singapore model, experts have suggested the introduction of new user-friendly measures to ensure ease of Goods and Services Tax (GST) compl ...Read more
The commerce ministry has taken up the issue of Directorate of Revenue Intelligence (DRI) notices being sent to 1,000 exporters for alleged violation ...Read more
The Gujarat High Court has observed that, the order of attachment of bank account is prima facie without the authority of law and the order of blockin ...Read more
Central Board of Indirect Taxes and Customs will begin using a unique Document Identification Number (CBIC-DIN). Initially, the department will use th ...Read more
The Authority of Advance Ruling ( AAR ) in Karnataka has ruled that, the activity of collecting exam fee (charged by any university Or institution) fr ...Read more
In order to protect GST taxpayers from any harassment at the hands of errant tax officials, the Central Board of Excise and Customs (CBEC), is going t ...Read more
The Karnataka Bench of Authority of Advance Rulings ( AAR ) in an application filed by M/s Jairaj Ispat ltd held that Dolochar is classifiable under T ...Read more
The Madras High Court has allowed credit transition of Education Cess, Secondary/Higher Education Cess and Krishi Kalyan Cess into the Goods & Ser ...Read more
Chartered Accountant has filed a written complaint in Dibrugarh Police Station against all the Airlines operating in India. The Complaint filed by Sur ...Read more
Inclusion of natural gas in the goods and services tax regime, pipeline tariff reform and pricing freedom for all domestic gas would be necessar ...Read more
An order from the Punjab and Haryana High Court has paved the way for carry forward of CENVAT credit and VAT input credits to the Goods and Services T ...Read more
The Authority for Advance Ruling, Karnataka has ruled that, TDS provision are not applicable to a cooperative society registered under the Karnataka S ...Read more
Revenue from Goods and Services Tax fell 5.3% year-on-year to Rs. 95,380 crore in October. However, on a monthly basis the revenue from GST rose 3.76% ...Read more
India's defence budget will be augmented by more than Rs 60,000 crore over the next five years owing to exemptions from customs duty and goods and ser ...Read more
Even when the central government has brought down the GST rate on hotels, the prices of hotel rooms will see upward mobility owing to various factors ...Read more
The Kerala bench of the Authority of Advance Ruling ( AAR ) in an application filed by M/s Baby Memorial Hospital Ltd held that artificial body parts ...Read more
The fees that prospective parents pay to adopt a child is not subject to Goods and Services Tax, the Maharashtra bench of the Authority for Advance Ru ...Read more
The announcements made in the 37th GST Council meeting on September 20 did help assuage the nerves by way of certain positive announcements towards ra ...Read more
Indian Software as a Service (SaaS) companies are seeing demand for their products grow locally, following years of focus on the United States and Eur ...Read more
Items such as food grain, which earlier attracted purchase tax under the value added tax (VAT) regime, may now be brought under the goods and services ...Read more
To put a check on fly-by-night operators and generation of fake invoices under the Goods and Services Tax (GST) regime, the Centre is mulling limiting ...Read more
Uttar Pradesh has estimated that the state will suffer a loss of Rs 13,500 crore in 2022-2023 due to implementation of the Goods and Services Tax. Pre ...Read more
The government is considering introduction of e-way bill on the movement of gold to plug evasion and arrest declining goods and services tax (GST) rev ...Read more
At least two out of the five petroleum products, including aviation turbine fuel or ATF and natural gas, are likely to be among the first set of petro ...Read more
Millions of GST payers are eagerly awaiting clarity over the new rules notified early this month that restricted the refund of input tax credit to 20% ...Read more
Singapore's Goods and Services Tax (GST) voucher scheme should be adopted in India to bring huge positive impact for those in the lower and middle inc ...Read more
Private sector ICICI Bank NSE 3.16 % on Friday said it has exited the GST Network, the company facilitating collection of the indirect tax, by selling ...Read more
The writ petitions sought to question Clause (vi) of Section 140(3) of the Central Goods and Services Tax Act, 2017 (CGST Act for short). It is stated ...Read more
Applicant is engaged in the business of providing Works Contract Services more particularly construction services. Applicant has undertaken developmen ...Read more
The Authority of Advance Ruling in Karnataka has ruled that, the applicant is not eligible to avail input tax credit ( ITC ) on the inward supplies of ...Read more
Finance Minister Nirmala Sitharaman on Thursday said efforts will be made to further simplify Goods and Services Tax, and expressed hope that it wil ...Read more
he Directorate General of GST Intelligence (DGGI), Gurugram Zonal Unit, Gurugram arrested Sh. Rajiv Gupta on 23.10.2019, partner in M/s RST Batteries, ...Read more
Tamil Nadu Municipal Administration and Rural Development Minister SP Velumani on 23.10.19 urged Finance Minister Nirmala Sitharaman to reduce GST on ...Read more
The National Anti-profiteering Authority (NAA) has found Glenmark Pharmaceuticals guilty of not transferring the benefit of the Goods and Services Tax ...Read more
The petitioner in the writ petition is seeking a direction to the respondent to drop the proceedings initiated against the petitioner under section 13 ...Read more
The Applicant is a Private Limited Company, involved in the manufacture and sale of plastic moulds, press tools, Jigs/ Fixtures / Gauges, Injection mo ...Read more
A Goods and Services Tax (GST) ruling has held that recovery of medical insurance premium from salary of employees for parents' Mediclaim would not be ...Read more
A Finance Ministry review of compliance behaviour of GST assessees has shown states outperforming the Centre.
In a review this month, the Ministry ...
Gujarat High Court has issued notice to the GST department in response to a petition filed by a man claiming the GST officials had stationed inside hi ...Read more
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 ...Read more
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 ...Read more
In addition to the current invoices which are generated on the companies' enterprise resource planning (ERP), the new system would also require automa ...Read more
Drive U seeks to provide drivers on demand to customers who wish to obtain the services of a driver - drivers are individuals independent se ...Read more
An Apartment Owner's Association is collecting amount towards corpus/ sinking fund for future supply of services to its members. Such fund is mandator ...Read more
Hatsun Agro Product supply ice-cream & other food items on order through 'IBACO' brand outlets along with serving of ice cream, seating facility, ...Read more
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 ...Read more
The handloom industry is reeling after Central Government imposed five percent Goods and Services Tax (GST) on handloom products. The industry is affe ...Read more
The GST Council, on September 20, 2019, has approved the introduction of 'E-invoicing' or 'electronic invoicing' for business to business (B2B) transa ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
Goods & Services Tax (GST) collections are expected to pick up during the second half of the current fiscal, according Revenue Secretary Ajay B Pa ...Read more
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 ...Read more
The Central Board of Indirect Taxes and Customs ( CBIC ) has clarified that Goods and Services Tax ( GST ) on license fee for charged by St ...Read more
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 ...Read more
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 ...Read more
The country's primary anti-smuggling intelligence agency has begun resending notices to exporters for availing GST exemptions where exports preceded i ...Read more
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 ...Read more
The Indian Highways Management Company Ltd (IHMCL) and Goods and Services Tax Network (GSTN) will sign a memorandum of understanding on Monday for int ...Read more
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 ...Read more
The Central Government is exploring the possibility of levying the Goods and Services Tax, or GST, on education in private colleges and universities, ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
The Bombay High Court recently held that duty free shops (DFS) at the Chhatrapati Shivaji International Airport in Mumbai cannot be charged Goods and ...Read more
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 ...Read more
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 ...Read more
The Maharashtra Authority of Advance Ruling in an application filed by Alligo Agrovet Pvt Ltd held that Shyam Samruddhi derived from an organic source ...Read more
Delhi GST department officials or Enforcement Teams will not conduct raids or scrutinize records in the markets during peak festive sales. Authorities ...Read more
The Central Board of Indirect Taxes ( CBIC ) has issued Clarifications to allow Re-Filing of Refund Claim where NIL Refund Claim was filed inadvertent ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
Falling goods and services tax collections seems to be driving a wedge between states and the Centre.
After Kerala, Punjab finance minister Manpree ...
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
Dried Tamarind & plates and cups made of all kind of leaves or flower or bark exempted .
Supplies of Silver and Platinum by nominated agencies ...
offline traders have once again approached the government against the huge discounts being offered in e-commerce giants Flipkart and Amazon's festive ...Read more
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 ...Read more
Brokerage Jefferies said it expects sharp cuts to FY20 earnings estimates of auto companies despite the recent corporate tax cut bonanza. Downgrading ...Read more
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 ...Read more
The National Anti-Profiteering Authority (NAA) for goods and services tax is likely to deliver orders, starting next month, in around 60 profiteering ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
The Directorate General of GST Intelligence has unearthed a scam in which exporters from the National Capital Region (NCR) allegedly availed Goods and ...Read more
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, ...Read more
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 ...Read more
Shiromani Akali Dal (SAD) on Monday attacked chief minister Amarinder Singh, saying the government had not refunded the state goods and services tax ( ...Read more
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 ...Read more
The controversy over whether post-sale discounts are taxable once again, between the peak supply of the festive season. The GST Council has withdrawn ...Read more
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 ...Read more
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 ...Read more
- 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 ... Read more
Goods and Services Tax (GST) Council has cut taxes on hotel accommodation, outdoor catering, cut and polished semi-precious stones and lowered cess on ...Read more
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 ...Read more
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 ...
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 ...Read more
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 ...Read more
The government is considering a proposal to make e-way bills necessary for transportation of precious metals like gold to stop malpractices and check ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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, ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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) ...Read more
Nirmala Sitharaman said that to boost demand in the automobile sector several temporary relief measures will be introduced including an increased depr ...Read more
To check malpractices in GST, the GST Network decided to make Aadhaar authentication or physical verification mandatory for new dealers from January 2 ...Read more
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 ...Read more
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 ...Read more
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 ...
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
To bring relief to Mumbai's real estate sector from the current slowdown, Maharashtra Finance Minister Sudhir Mungantiwar has sought goods and service ...Read more
Consumers and merchants might be able to avail tax incentive for digital payments through QR code on Unified Payments Interface (UPI) from next year. ...Read more
Small Goods & Services Tax (GST) assessees are likely to be exempted from filing annual returns for a year or so.
According to officials, small ...
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 ...Read more
The Director-General of Anti-Profiteering (DGAP) has begun investigations into NY Cinemas, PVR Cinemas and the Prasads Multiplex chain for allegedly p ...Read more
The Goods & Services (GST) Council is expected to resolve issues related with inverted duty structure for various sectors in its 37th meeting sche ...Read more
The equipment in question is the engine-booster turbochargers that attracted lower GST of 5 percent instead of applicable 28 percent
The Directorat ...
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
The federation of aluminium vessel manufacturers has appealed to the Union Government to reduce the GST on these vessels.
Deputy Speaker Pollachi V ...
The indirect tax investigating agency allegedly found ABB India Ltd. evading goods and services tax by wrongly classifying equipment, according to a p ...Read more
The pan-India slowdown in Automobile Industry, which has been attributed mainly to higher GST rates by the industry leaders, has also started showing ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
Union minister Nitin Gadkari assured the crisis- hit automobile industry of all possible support from the government, including taking up the demand o ...Read more
GST levy on services is being applied on workers enrolling for the government's skill development programme, discouraging them and industries alike....Read more
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 ...Read more
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 ...Read more
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 ...Read more
The government has again permitted gold and silver jewellery exporters to replenish the precious metal duty free after selling it at international exh ...Read more
In a swift action following Finance Minister Nirmala Sitharaman`s promise to clear all pending GST refunds of micro, small and medium enterprises (MSM ...Read more
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 ...Read more
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 ...Read more
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. ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
ITC – 04 under GST has to be furnished by registered manufacturers, showing the details of inputs or capital goods d ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
With the introduction of the goods and services tax (GST) in 2017, all tobacco products — cigarettes, bidis and smokeless — attract the highest tax ra ...Read more
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 ...Read more
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 ...
The transport ministry has written to the finance ministry asking for the goods and services tax on hybrid vehicles to be reduced from 28%.
Businesses can now settle their pending disputes relating to central excise duty and service tax within four months starting 1 September under the ter ...Read more
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 ...Read more
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 ...Read more
Across nearly a dozen commodities that have been considered evasion-prone, the Commercial Taxes Department has found out 285 newly registered taxpayer ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
Fishmeal producers of Gujarat suspended operations of their plants and joined the nationwide strike going on since the beginning of this month against ...Read more
Businessmen and tax practitioners in the state are irked as no action has been taken regarding the announcement by Finance Minister Nitin Patel while ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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.< ...Read more
The Association of Domestic tourist Association of India (ADTOI) has demanded exemption of Goods and Services Tax (GST) for domestic tourism to encour ...Read more
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 ...
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 ...Read more
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 ...Read more
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 ...
Facts of the case: § The applicant is involved in the manufacture and sale of plastic moulds, press tools, jigs/fixtures/ gauges, injection ...Read more
Sales slowdown facing the Indian automobile industry continues to worsen as revealed by the sales statistics in July 2019. These figures show that the ...Read more
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 ...Read more
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 ...Read more
Heartland states such as Bihar, Uttar Pradesh, Madhya Pradesh and Odisha showed improved performance in goods and services tax (GST) collection for 20 ...Read more
Budget proposals are a clear positive for the housing sector, especially the affordable home category. This is a solid growth segment, and is cu ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
The state goods and services tax (GST) will continue, says the Jammu and Kashmir re-organisation legislation, but according to officials and experts, ...Read more
FMCG manufacturers, typically, offer discounts on the printed price to consumers to boost sales. The fast-moving consumer goods (FMCG) industry has pe ...Read more
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 ...Read more
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 ...Read more
Anand Mahindra, chairman Mahindra & Mahindra (M&M), has urged the government to take a few short-term measures for reviving the automotive ind ...Read more
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 ...Read more
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 ...Read more
Tax on discounts that manufacturers and wholesalers extend to retailers for passing on to consumers is becoming an area of confusion and possible liti ...Read more
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 ...Read more
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
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
Navayuga Engineering Company Limited, which was asked to suspend works related to the Polavaram project by the Andhra Pradesh (AP) government, is faci ...Read more
The ongoing problem of delay in processing of the GST refunds has resulted in more stakeholders coming forward to raise the concern.
The Punj ...
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 ...Read more
Are outsourcing units and BPOs merely intermediaries and brokers or are they exporters? About a week after the government released directions that Inf ...Read more
The Haryana government on Thursday exempted the Hrithik Roshan-starrer Super 30 from the state goods and services tax (GST) with immediate effect.
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 ...Read more
The applicant approached the AAR seeking clarity on whether the bounce charges collected should be treated as supply under the GST regime. Its content ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...
The Federation of Hotel and Restaurant Associations of India (FHRAI) on Tuesday reacted to a Chandigarh five-star hotel charging 18 % Goods and Servic ...Read more
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 ...Read more
The Divisional officer of CGST Commissionerate in Coimbatore has nabbed a tax consultant for allegedly defrauding the department of ₹36 lakh.The consu ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
The Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 ('LDS') was introduced in the Budget this year. The scheme has been introduced with an inte ...Read more
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 ...Read more
Representatives of major coaching institutes have met Union Finance Minister Nirmala Sitharaman and demanded to either remove the 18 per cent GST on c ...Read more
Industry body Assocham sought inclusion of petroleum products in GST and subsuming of some local and state taxes like stamp duty.The chamber sug ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
Finance Minister Nirmala Sitharaman will chair the 36th meeting of the GST Council through videoconferencing in Delhi today. This will be the first GS ...Read more
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 ...Read more
The case came before the AAR, Goa, when Devaaya Ayurveda & Nature Cure Centre, a provider of treatment services to patients through Ayurveda, Natu ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
The GST Council appears to have taken cognizance of the long-standing demand to bring petroleum goods under the GST ambit.
Sources told that ...
The Ministry of Finance has exempted gems and jewellery taken for display at exhibitions abroad from Integrated GST. Till now, gem and jewellery taken ...Read more
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 ...Read more
The GST Council, chaired by finance minister Nirmala Sitharaman, will meet on July 25 and decide on lowering tax rates for electric vehicles, official ...Read more
The Tamil Nadu Authority for Advance Ruling (AAR) has held that if the amount collected by a registered housing society/resident welfare association e ...Read more
The Indian Air Force has made a representation before the Directorate of Revenue Intelligence (DRI) to reconsider more than Rs 100 crore of integrated ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
The Central Board of Indirect Taxes and Customs ( CBIC ) has notified the extension for filing returns by the composition dealers in Form CMP-08.
The Tamil Nadu Authority for Advance Ruling (AAR) has ruled that the interest subvention income received by Daimler Financial Services India Private L ...Read more
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 ...Read more
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 ...Read more
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,& ...
Farmers have questioned the state government's decision to impose GST on projects implemented under the Kudimaramathu scheme.
Farmers raised ...
The Indian cement industry is the second largest cement producer in the world. The Government of India is focusing on developing affordable housing. H ...Read more
In order to provide a major relief for prospective students, the Indian Institute of Management Bangalore (IIMB) has been granted exemption from Goods ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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.
The Belapur Central GST Commissionerate arrested two traders for allegedly floating over 50 shell companies to fraudulently to avail IGST refunds afte ...Read more
The current mechanism of filing returns is being replaced by simplified forms that would come into operation in phases.
Those paying goods and serv ...
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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, ...Read more
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 ...Read more
Since the advent of GST Laws, trade and industry have faced multifarious issues relating to uploading of returns, availing legacy Cenvat credit under ...Read more
The Central Bureau of Investigation (CBI) on 09/07/2019 conducted nationwide searches in the houses of Central Government employees who allegedly are ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
ITC shares fell over a percent intraday on Ju ...Read more
- Updation of Aadhar No. is compulsory for all existing and new registrations.
- Taxpayers having annual turnover of less than ₹ ... Read more
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 ...Read more
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 ...Read more
The Government may, on the recommendations of the Council, prescribe a class of registered persons who shall provide prescribed modes of electro ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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, ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...
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 ...Read more
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 ...Read more
Second anniversary of implementation of historic tax reform of Goods & Services Tax as 1st July is celebrated as the "GST DAY".Kicking off celebra ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
The Federation of All India Farmer Associations (FAIFA) has urged Finance Minister Nirmala Sitharaman to correct an error in cigarette taxation under ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
Importers with godowns or those which store goods at customs warehouses in different states got relief from the advance authority of ruling (AAR) unde ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
Taxmen could carry out 'mock purchases', visit premises and check invoices issued by top 20 goods and services suppliers as part of anti-profiteering ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
Traders' body Confederation of All India Traders has sought simplification in filing the Goods and Services Tax (GST) return and also an extension in ...Read more
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 ...Read more
Finance Minister Nirmala Sitharaman will chair her first meeting of the GST council on 21 June which, among other things, would consider extending t ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
Consumer electronic goods makers have sought lowering the GST rate to 12 per cent on appliances like large-screen televisions, air-conditioners and re ...Read more
The government has decided to crack down on errant exporters who it suspects have been showing inflated exports and low income, as well as ...Read more
The Centre has virtually ruled out including petroleum products within the ambit of GST immediately turning down repeated demands from the aviated sec ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
The Enforcement Directorate (ED) has written to the government to include violations of Central Goods & Services Tax (CGST) Act in the scheduled o ...Read more
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 ...Read more
In a setback for real estate developers, the National Anti-Profiteering Authority has held that homebuyers cannot endlessly wait to get t ...Read more
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 ...Read more
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, ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
City traders have demanded for simplification and rationalization of Goods and Services Tax (GST). In a recent meeting of trade welfare board, the mem ...Read more
With a foolproof system to match all transaction invoices being delayed inordinately, the Goods and Services Tax (GST) Council will soon have a facili ...Read more
Experts Recent rulings by National Anti-Profiteering Agency have made it clear that citing practical difficulties for inability in passing on th ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
Independent solar power producer Azure Power's petition to Maharashtra Electricity Regulatory Commission (MERC), requesting to order Maharashtra State ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
Many Indian exporters approached the Delhi High Court last week against the government for not extending the benefits of EPCG (Export Promotion Capita ...Read more
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 ...Read more
With implementation of Goods and Services Tax (GST) requiring a fundamental change in the way Commercial Tax Department functions, the Tamil Nadu gove ...Read more
Many Indian exporters approached the Delhi High Court last week against the government for not extending the benefits of EPCG (Export Promotion Capi ...Read more
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 ...Read more
The Union Finance Ministry, on Tuesday, issued a detailed clarification on the annual return filing for the Goods & Services Tax (GST). The last ...Read more
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 ...Read more
White goods makers want Goods & Services Tax (GST) on air conditioners (ACs) and large televisions (above 32 inches) to be reduced to 18 percent ...Read more
The sports camps conducted by the University of Mysore (UoM) provides scores of budding athletes and sportspersons across the city the ideal launchpad ...Read more
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 ...Read more
The government has identified hundreds of fake companies taking input tax from the government. Now the action is taken against them. These companies a ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
The rate applicable was 18% earlier.The Tamil Nadu Advance Ruling Authority has clarified that polypropylene mats, which are plaited using polypropyle ...Read more
Tax officials could soon charge gaming companies GST on the total pool of deposits. Currently, gaming platforms only pay taxes on earned commission .T ...Read more
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 ...Read more
In all business transactions, you get an invoice from your supplier (or even restaurant) which includes his GST (Goods and Services Ta ...
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
The new government may also introduce a separate scheme for revival of stranded gas-based power projects. Further push for inclusion of key petroleum ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
Bringing key petroleum products in the ambit of the Goods and Services Tax, easing licensing needs and taxation for upstream projects, enhancing third ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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. ...Read more
Many hotels, malls and real estate companies that were denied input tax credit under Goods and Services Tax (GST) mechanism in certain situations have ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...
Many hotels, malls and real estate companies that were denied input tax credit under Goods and Services Tax (GST) mechanism in certain situations ha ...Read more
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 ...Read more
The Kerala State Authority for Advance Rulings (AAR) has ruled that the diagnostic centres, being part of health care services need not be registered ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
The State GST Department has asked dealers under the composition scheme not to collect tax from customers. These dealers should remit the fixed percen ...Read more
The directorate general of GST intelligence (DGGSTI) has come across huge mismatches in the turnover mentioned by businesses in income tax returns as ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
The Central government has extended the deadlines for various Goods and Services Tax (GST) returns for taxpayers registered in cyclone-hit Odisha.
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
The National Anti-Profiteering Authority found a backpack and trolley distributor guilty of not passing the Goods and Service Tax rate cut benefits of ...Read more
Digital payments in India, already witnessing unprecedented activity since Prime Minister Narendra Modi's demonetisation announcement in 2016, is like ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
In what will signal a relief to home buyers across real estate projects, the National Anti-Profiteering Authority (NAPA) has ordered Puri Construction ...Read more
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 ...Read more
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 ...Read more
NEW DELHI: Coca-Cola India's bottling partner Hindustan Coca-Cola Beverages (HCCB) and distributors of FMCG and consumer durable firms have come under ...Read more
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 ...Read more
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 ...Read more
"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 ...Read more
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 ...Read more
The indirect tax department is scrutinising discounts and freebies offered to customers by major car dealers across the country on suspicion that they ...Read more
The Applicant is in the business of manufacturing and selling both commercial as well as passenger vehicles and is launching its passenger vehicle ...
The respondent was an association, whose members were transport operators engaged in the transportation of goods entrusted by the customers. Show-caus ...Read more
The Delhi High Court's recent stay on anti-profiteering proceedings against Abbott Healthcare opening a window for companies facing such proceedings t ...Read more
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 ...Read more
After reviewing a petition filed by the Solar Power Developers Association (SPDA) that challenges the new tax formulation structure for solar projects ...Read more
TVS Motor Company, the only manufacturer of mopeds in India, is expecting that support from retail finance companies and a possible reduction in Goods ...Read more
The Central Bureau of Investigation has charged three Customs and GST officials based in Bengaluru for allegedly helping smugglers bring gold from Dub ...Read more
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 ...Read more
All invoices for business-to-business sales by entities beyond a specified turnover threshold will be generated on a centralised government portal by ...Read more
The Delhi High Court on Monday restrained the government from appointing members to the GST Appellate Tribunal without its prior approval, till furthe ...Read more
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 ...
The petitioner was engaged in the business of providing earth moving services. The Competent Authority had seized the goods under transport and also t ...Read more
The Competent Authority issued a show cause notice on the petitioner confiscating his vehicle. The petitioner filed a writ petition in the High Co ...
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 ...Read more
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 ...Read more
The petitioner had several entities engaged in the sales/purchases of Iron and Steel. All the entities had GST registration. The Competent Officer ...
The assessee imported a machine described as 'Beverage Cooler SC-80' and classified the same under Heading No. 84185000. However, the Adjudicating ...
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
The Applicant is society under Marine Products Export Development Authority, Ministry of Commerce & Industry, Government of India.It was registere ...Read more
The Applicant is an Indian Company and is incorporated to provide back office administration & accounting services to overseas clients. The Applic ...Read more
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. ...Read more
Investigation by the Directorate General of Anti Profiteering (DGAP) has revealed that Tata Starbucks, the equal joint venture between the Tata and gl ...Read more
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 ...Read more
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 ...Read more
The Appellant provides maintenance services for the imported mining equipments through two separate agreements. Agreement 1 is 'Comprehensive Maintena ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
the Government should take steps such as rationalising GST rate for Hotels and Incentivising private participation to boost the tourism sector as ...Read more
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 ...Read more
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 ...Read more
More than 50 property developers, including some of India's top builders, are being investigated for profiteering under the goods and services tax (GS ...Read more
The indirect tax department has started questioning some of the leading online fantasy gaming companies to ascertain if there is a revenue leakage on ...Read more
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 ...Read more
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 ...Read more
IGST credit to settle centre, state tax dues: CBIC
Businesses that have accumulated Integrated GST (IGST) credit in their books can se ...
The various Authorities of Advance Rulings (AARs) have pegged GST on annual maintenance contracts (AMCs) that companies offer to customers of various ...Read more
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 ...
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 ...Read more
In yet another simplification, Government has added flexibility into the way a company can utilise the available input tax credit. Any company would n ...Read more
Bringing relief to composition scheme taxpayers under the goods and services tax, the Finance Ministry has allowed such businesses to file "self-asses ...Read more
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 ...Read more
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 ...Read more
The Telangana high court has rejected a writ petition challenging the imposition of interest on total goods and services tax liability including input ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
The applicant is a contractor of Telangana State Mineral Development Corporation Limited (TSMDC).TSMDC has awarded the work to the applicant which inc ...Read more
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 ...Read more
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 ...Read more
The Directorate General of Anti-Profiteering (DGAP) has served a notice on technology major Samsung India for allegedly not passing on the benefits of ...Read more
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 ...Read more
The indirect tax department that had arrested many promoters for circular trading and escaping goods and services tax may have to rethink its st ...Read more
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 ...Read more
Vigilance Bureau(VB) on Friday arrested a Hoshiarpur based assistant commissioner Sales Tax (GST) Mobile Wing and a Tanda based chartered accountant w ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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, ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
Renewable power companies have moved the Delhi High Court, seeking to exempt the renewable energy certificates (RECs) from the goods and services tax ...Read more
"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 ...Read more
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 ...Read more
HC refused to grant bail where petitioner & his partner were indulging in evading GST by creating bogus firms- HC Madhya PradeshRead more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
HC directed to release seized goods & vehicle on furnishing of bond equal to amount of tax & penalty- Allahabad HCRead more
Diesel engine and gear box supplied for use in fishing vessel, ships, boat, etc., attract 5% GST- Kerala AARRead more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
The companies engaged in manufacturing wagons and other equipment for railways are pressing for rationalisation of the GST regime by allowing input ta ...Read more
GST to be charged by lessor on electricity and water charges collected from tenant on actual basis- Maharashtra AARRead more
Turbine Generator set supplied for use in 'waste-to-energy project' would attract 5% GST- AAAR KarnatakaRead more
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 ...Read more
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 ...Read more
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 ...Read more
Geared Motor combination of gear box & electric motor classified under heading 8501, GST @18% applicable-Premium Transmission (P.) Ltd. [2019] 104 ...Read more
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) ...Read more
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 ...Read more
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 ...Read more
GST officers have started seeking clarification from companies whose tax payments did not match with the e-way bills generated, as revenue authorities ...Read more
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 ...Read more
Online food aggregators such as Zomato, Swiggy and UberEats are facing a curious issue in goods and services tax (GST) compliance, prompting a review. ...Read more
Civil Aviation minister Suresh Prabhu said ATF should be brought under GST regime to level the fieldRead more
The Goods and Services Tax (GST) council may consider multiple price thresholds for defining `affordable housing' across states rather than setting a ...Read more
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 ...Read more
Bus Body Building' on chassis, on job work basis is a 'service' covered under Heading 9988 taxable @ 18%-Kondody Autocraft (India) (P.) Ltd. - [2019] ...Read more
The chairman and managing director of Kushal Group, an Ahmedabad-based conglomerate, has been arrested for allegedly availing Rs 88.78 crore input tax ...Read more
In a move which could raise the scope of litigation for alcohol manufacturers, Maharashtra and Karnataka advance ruling authorities have delivered con ...Read more
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 ...Read more
Supply of goods and services under tour packages with separate invoices attracts GST at their respective rates- Kerala Forest Development Corporation ...Read more
Hostel accommodation service by trust to students is not a 'Charitable Activity', GST is applicable Students' Welfare Association - [2019] 10 ...Read more
Karnataka commercial taxes department to physically verify registered taxpayers under GSTRead more
The GST law has carved out a special valuation mechanism for related party transactions. It requires the value (supply) of related party transactions ...Read more
Original works contract pertaining to Railways provided by main-contractor or sub-contractor attracts 12% GST -Assistant Commissioner Central Tax - [2 ...Read more
Resident providing 'Management Consultancy Services' directly to his foreign clients is not an 'intermediary'-Thomas Joseph Nellissery - [2019] 104 ta ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
Traders with a turnover limit of Rs 40 lakh per annum can get themselves de-registered from Goods and Service Tax (GST)Read more
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 ...Read more
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 ...Read more
Reversing its February notification, the central board of indirect taxes and customs (CBIC) has provided a relief to businesses in terms of using cred ...Read more
The District Consumer Disputes Redressal Forum, Mohali, penalised the managements of e-market portal Myntra Designs Private Limited and Coracle Market ...Read more
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 ...Read more
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 ...Read more
The CBIC circular instructed that the officers should exercise due caution while processing the application for registration submitted by the taxpayer ...Read more
All the offices of Central GST & Customs of Hyderabad Zone (throughout the State of Telangana) will remain open on 30th & 31st March, 2019 (Sa ...Read more
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 ...Read more
India is eyeing several changes to the electronic-way bill system, ranging from auto calculation of distance for movement of goods to barring business ...Read more
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 ...Read more
ITC in respect of transportation of non-taxable goods (Petrol) shall not be available to Indian Oil Corp Ltd. Indian Oil Corporation Ltd. - [ ...Read more
Consideration for delayed payment of an exempted supply is exempt under GST TP Ajmer Distribution Ltd. - [2019] 103 taxmann.com 227 (AAAR-RAJ ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
The Jet Airways impassed has once again brought high aviation fuel prices into the limelight.Airlines have been lobbying hard to bring aviation ...Read more
Significant improvement in availability of electricity, even in interior pockets, coupled with the roll-out of the Goods and Services Tax (GST), has h ...Read more
Deadline for multiple Compliance including joining the composition scheme from April 1, 2019, continuing zero-rated exports under the Letter of Undert ...Read more
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. ...Read more
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 ...Read more
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 ...Read more
Giving relief to exporters, the government has extended IGST (Integrated Goods and Service Tax) and compensation cess exemptions for goods procurement ...Read more
In an interesting development the Maharashtra Authority for Advance Rulings (AAR-Maha) seems to have held divergent views on taxability (Goods & S ...Read more
NCLAT held that statutory dues including income tax and value added tax or GST tax come within the purview of " operational creditors"Read more
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 ...Read more
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 ...Read more
Finance minister Arun Jaitley argued a case for setting up GST Council-like federal institutions to promote healthcare, rural development and agricult ...Read more
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 ...Read more
The Central Board of Indirect Taxes and Customs (CBIC) has issued a useful circular clarifying various doubts regarding sales promotion schemes under ...Read more
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 ...Read more
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 ...Read more
GST Council to decide on Regional Benches for GST TribunalRead more
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 ...Read more
Separate books must to be maintained for billings and accounting records'Restaurant-cum-sweet shops are better off maintaining two books of accounts f ...Read more
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 ...Read more
In a setback to several charitable institutions, the Tamil Nadu Authority of Advance Ruling (AAR) has held that conducting marathons by a charitable t ...Read more
The National Anti-Profiteering Authority (NAA) Friday said companies are free to offer volume benefit or price reduction to consumers, in the wake of ...Read more
Real estate developers have sought clarity on how the new rates will be calculated since projects were at various stages of construction. Technically, ...Read more
The Institute of Chartered Accountants of India (ICAI) has announced that in the second phase, the Unique Document Identification Number ( UDIN ) woul ...Read more
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 ...Read more
Gold biscuits worth Rs 2 crore seized by Shillong Customs at Myanmar borderRead more
Central Governmentnotifies the creation of the National Bench of the Goods and Services Tax Appellate Tribunal (GSTAT) at New Delhi, with effect ...Read more
Election commission approves GST council meeting to be hold on March19Read more
GST officials detects Tax Fraud of Rs 224 CR by a group of 8 companiesRead more
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 ...Read more
Trading of priority sector lending certificates (PSLCs) on the government's e-Kuber portal by banks will attract integrated goods and services tax (IG ...Read more
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 ...Read more
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 ...Read more
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, ...Read more
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 ...Read more
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 ...Read more
Seeking a rollback of the amendments in the GST Act, the automobile dealers body Federation of Automobile Dealers Associations (Fada) has said the cha ...Read more
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 ...Read more
GST cut : Government expects real estate developers to reduce pricesRead more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
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.Read more
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 ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
The Gujarat High Court has held that the Goods and Service Tax ( GST ) Department cannot provisionally attach bank accounts of directors of the compan ...Read more
Suspecting companies of evading goods and services tax (GST), tax officials have started going after companies that are into circular trading, and arr ...Read more
A GST practitioner was arrested by the sleuths of the directorate general of GST intelligence (DGGI) for allegedly running a fake invoice racket.  ...Read more
Kerala hopes to get support in GST council in proposal for uniform GST rate on lotteryRead more
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 ...Read more
Realty developers are seeking clarity on recent exemption offered from the goods & services tax (GST) levied on development rights, including tran ...Read more
Jammu and Kashmir Government on Thursday issued order on 'removal of difficulties' in GST implementationRead more
GST evasion of Rs 20,000 cr detected by Govt in April-FebRead more
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 ...Read more
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 ...Read more
GST rate cuts to boost sales of under construction flats, no ITC may hit builder's profit marginRead more
The Director General of GST Intelligence (DGGI), Delhi, which in coordination with other teams of the DGGI of Northern India, had conducted surveys on ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
Intermediate tax on development right, such as TDR, JDA, lease (premium), FSI (Floor Space Index) shall be exempted only for such residential property ...Read more
Ice cream, tobacco, pan masala, to be excluded from higher threshold limit for mandatory registrationRead more
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 ...Read more
Companies incurring expenditure on inputs used for maintenance of townships and guest houses for its employees will not get input tax credit under t ...Read more
Employer share reduced to 4% and Employee share reduced to 1% under E.S.I.C. Contribution w.e.f. 15th Feb,2019Read more
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 ...Read more
AMB Cinemas receive notice for reportedly selling tickets at higher rates despite the reduced tax rate: GST Norms violatedRead more
GST Council's 33rd Meeting held on Feb 20,2019 adjourned to Feb 24, 2019 for physical meeting: Discussions on Lottery and Real EstateRead more
Ease the rules of Angel Tax since there are other ways to check money launderingRead more
GST scandal- Fraud of Rs 141 crore which states on records that "Shyam Sales Corporation had purchased raw material of Rs 141 crore from ...Read more
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 ...Read more
Warehouse being constructed is an immovable property - Input Tax credit is, therefore, not admissible on the inward supplies for construction of the ...Read more
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 ...Read more
Single E-Way Bill can consists of multiple no. of invoices: HCRead more
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&KRead more
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 ...Read more
The Delhi High Court has issued notices to the GST Council, the department of revenue, national anti-profiteering authority (NAA), Central Board of In ...Read more
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 ...Read more
India hikes Customs Duty to 200% on Goods from Pakistan as notified under Not. no 05/2019-Cus dated 16th Feb,2019Read more
Any shortage in recovery target of Indirect Tax Official's arrears will be taken seriously and may reflect in APARRead more
18 States and two UTs revise the annual GST threshold limit from RS20 lakhs to 'RS40 lakhsRead more
A committee to be set up by the Revenue Department to deal with bogus e-way bills and fake invoicesRead more
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& ...Read more
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 ...Read more
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 ...Read more
Businesses still await the formulation of standard guidelines for compliance with anti-profiteering provisions under the GST regime. Even after 25 o ...Read more
The most urbanised and industrialised states in India are showing the lowest growth in state goods and services tax (GST) revenue collection in 2018 ...Read more
The Department of Telecommunications (DoT) has asked the finance ministry to offer some GST-related relief to telcos and to bring down import duties ...Read more
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 ...Read more
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 ...Read more
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 ...Read more
Telecom firms, barring Reliance Jio, have asked the government to waive GST on spectrum payments and other levies, while adjusting accumulated tax c ...Read more
"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 ...Read more
As per Section 9 (4) of the Read more
As per Section 10 (1) of the CGST Act, composition scheme is applicable to those registered persons, whose aggregate turnover in the preceding finan ...Read more
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 ...Read more
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 ...Read more
Section 34 has been amended to enable issue of consolidated Debit Note / Credit Note for several invoices pertaining to a financial year.Read more
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 ...Read more
Refund of GST paid on supplies made to SEZ units is also subjected to unjust enrichment.Read more
Refund for export of services would be entitled even if the consideration is received in INR as permitted by the RBI.Read more