We have used some imported duty paid goods in the manufacture of export product. We have not taken input tax credit of the IGST paid on the
Category: GST
Multi-state GST, Input Tax Credit fraud worth Rs 2 billion detected | Business Standard News
The Central Goods and Service Tax (CGST) department has detected a fraud of Goods and Service Tax (GST) and Input Tax Credit (ITC) in the metal scrap
Arranging pandits via portal to conduct puja? Pay GST – The Hindu BusinessLine
Services offered for facilitating puja or abhishek by a priest will attract the Goods & Services Tax (GST), according to Maharashtra’s Authority for Advance Ruling (AAR-MAHA). It also made
‘Cars bought in one State, but transported to another will require no e-Way bill’ – The Hindu BusinessLine
The two-judge division Bench of the Kerala High Court has said in an order that private vehicles bought in other States, but transported to Kerala,
With more clarity on GST, buyers may go for completed properties – The Hindu BusinessLine
Garima Singh The government has cleared the air on the applicability of the Goods and Services Tax (GST) for buildings and ready-to-move-in flats, say real
Your neighbourhood sweet shop could become a restaurant to dodge GST – The Economic Times
What could possibly be the difference between a cake shop with two tables and four chairs and another without the furniture? Well, according to the
Sale of flats after issue of completion certificate not to attract GST: FinMin – The Economic Times
The ministry also asked the builders to reduce the prices of properties by passing on the benefit of lower GST rate. The finance ministry Saturday
Government extends GST annual return filing date to March 31, 2019 – The Economic Times
As per the GST Rules, various forms have been prescribed for the purpose of return, depending upon the categories of the tax payers. Days before
J&J distributor found guilty of profiteering after GST rate cut – The Economic Times
The case before the Profiteering Authority states that the distributor had hiked the base price of two products after the GST Council slashed tax in
GST: Refund issues play havoc on exporters’ bottomline in post-GST era, seek relief from Delhi HC–Economic Times
Earlier this year too, exporters had flagged off concerns over the limitations on getting the Advanced Authorisation licenses in the post GST era. Exporters are
GST: Key points for first ever filing of GST Annual returns–Economic Times
By Archit Gupta The Central Board of Indirect tax and Customs (CBIC) has issued the format of annual returns under the Goods and Service Tax
GST-mukt Bharat, anyone? | Business Standard Column
On the 11th of this month, we will get to know the Assembly election results in five states. But there are three of them —
Get real on GST | Business Standard Editorials
The Union government has exuded confidence in meeting the target for collections of the goods and services tax (GST) for the current financial year. However, the numbers so far
Simplified GST return forms to be rolled out from April 1: Revenue Secretary – The Economic Times
The new simplified GST return forms will be rolled out from April 1, 2019, Revenue Secretary Ajay Bhushan Pandey said Tuesday. He exuded confidence that the government will achieve
GST: Keeping it simple: Reconciliation of GST data in 5 steps
By Archit Gupta Reconciliation under Goods & Services Tax (GST) is about matching the data filed by the supplier with those of the recipients and
Credit to small businesses up five-fold to Rs 1.23 trn post GST: SBI report | Business Standard News
Economists at the country’s largest lender, SBI, on Tuesday termed concerns on credit supply to small businesses as a “myth” and said the sector has
GST: Modi government to change customs duty architecture to boost trade, ease of doing business
After rolling out the most comprehensive indirect tax reform – the goods and services tax – the Narendra Modi-led NDA government is set to unleash the next
Government clears Rs 91,149 crore GST refunds to exporters so far; Rs 6,053 crore still pending – The Economic Times
The finance ministry Monday said Rs 91,149 crore has been issued so far to exporters as GST refunds, which are 93.77 per cent of total claims with the tax
Govt plans linking e-way bill with FASTag, logistics data bank to check GST evasion – The Hindu BusinessLine
The Revenue Department is planning to integrate e-way bill with NHAI’s FASTag mechanism and DMICDC’s Logistics Data Bank (LDB) services, to facilitate faster movement of
Perspective of GST as regressive tax | Business Standard Column
In the popular parlance, it is a practice to consider VAT/GST as a regressive tax compared to Income Tax, which is a progressive tax. This understanding gives a
