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 state cabinet
Category: GST
Taxpayers can compare tax liability declared in final, summary GST returns forms: GSTN – The Economic Times
The GST Network Tuesday said businesses registered under GST can now compare the tax liability declared as well as input tax credit claimed in their
Promotional offers & free samples won’t attract GST – The Economic Times
In a huge relief for FMCG, food, retail chains and pharma companies, the government has clarified that promotional schemes such as buy-one-get-one-free (BOGO) and additional quantity
‘GST payable on composition fees and import licensing fees paid to JDGFT’ | Business Standard News
Q. Are we required to pay GST on fees for import licence and composition fees for regularisation of defaults that we pay to JDGFT? In my opinion, “Yes”, if
GST–Companies with high input tax claims under lens – The Economic Times
Indian businesses that paid most of their goods and services tax (GST) liability using input tax credit or reported asignificant variation in turnover are being queried by
High value cars, jewellery to become cheaper as TCS to be excluded in computing GST–Economic Times
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 GST liability. Under the Income Tax Act, tax
Maharashtra takes lead to clear pre-GST cases | Business Standard Column
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 state cabinet
CBIC clarifies on levy of GST on sales promotion schemes – The Economic Times
The CBIC Thursday clarified on the vexed issue of levy of GST on sales promotion schemes like ‘buy one get one free’ offered by FMCG firms, saying taxes
Court refuses bail to those accused of circular trading to evade GST | Business Standard News
A local court in Maharashtra has refused bail to persons accused of evading goods and services tax (GST) by circular trading and claiming input tax credits, and
Last date for GST annual return filing extended – The Hindu BusinessLine
The last date for filing of GST annual return for 2017-18 has been extended to June 30. An official release said trade and industry is
Punjab allows industrial units to choose between Net GST, incentivised SGST | Business Standard News
Punjab cabinet Wednesday approved an amendment to the Punjab Goods & Services Tax Act 2017 to enable industrial units choose between Net GST incentives and incentivised SGST on intra-state sale. The Cabinet meeting
Tax: GST’s promise of one nation, one tax. Has it delivered? – The Economic Times
For a developer and everyone else associated with the real estate sector, this breaks the entire chain of GST and goes against the very character
सदनिका खरेच स्वस्त होणार? -महाराष्ट्र टाइम्स
अॅड. चारुचंद्र भिडे जीएसटी परिषदेची बैठक २४ फेब्रुवारी २०१९ रोजी झाली. त्यात बांधकाम क्षेत्रासाठी महत्त्वाचा ठरेल, असा एक निर्णय घेतला गेला. त्यानुसार, सदनिका बांधकाम सेवेवर
Court orders halt to arbitrary govt |Advance Authorization Scheme– Business Standard Column
In a telling judgment, the Gujarat high court has, in the case of Maxim Tubes Company and Others vs Union of India, struck down the pre-import condition
How GST has simplified the taxable event | Business Standard Column
Those who are quite critical about the actual operation of GST on the field have ignored the continuous and chronic litigation regarding the taxable event in the
Why GST Council recommendations may not bring cheer to real estate sector | Business Standard News
What are the key recommendations? Following changes were recommended with effect from April 1, 2019: (i) GST at 1 per cent, without benefit of input
Biggest triumphs associated with GST is the depiction of cooperative federalism – The Economic Times
By Abhishek Jain A year and a half of this new tax regime, while may have been a roller coaster ride for many, but any rational man
GST collection falls back below Rs 1 lakh crore; Feb mop up down at Rs 97,247 crore – The Financial Express
Giving a jolt to the Modi government, GST collection for February 2019 fell to Rs 97,247 crore from Rs 1.02 lakh crore in the previous
Reduction in GST rate leads to a drop in price? Real estate a test case for broader changes – The Economic Times
For builders, complexity around another change in tax rules is something they will have to deal with. When the rate of tax comes down, the
GST: Govt detects Rs 20,000 cr GST evasion in April-Feb FY’19–Economic Times
urrently, GST has 4-tier slab of 5, 12, 18 and 28 per cent, while essential items are zero rated. The government has detected Rs 20,000
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