Payments made by foreign companies to liaison offices in the country will not attract GST, Authority of Advance Rulings (AAR) – Tamil Nadu has ruled.
Category: GST
‘Input tax credit refund available for zero rated export of exempted items’ | Business Standard News
Q. We are a “hospital service provider” registered under GST. We wish to procure capital goods, both imported and indigenous, under EPCG authorisations, as we
Some GST issues need clarifying | Business Standard Column
Since introduction of the goods and services tax (GST), exporters have been subjected to several difficulties. Among these are delays and costs in getting refunds, unrealistic conditions
GST’s latest in word cascade | Business Standard Column
Last Tuesday, the Union finance ministry issued two notifications, amending the provisions for granting refunds to exporters. One with retrospective effect from October 23 last year and
Lottery under GST to counterfeit note case, here are key court orders | Business Standard News
SC frowns on interim orders in NPAs The Supreme Court has disapproved of some high courts continuing to entertain matters arising from the Securitisation (Sarfaesi) Act and
When anti-profiteering authority bares fangs: Here’re lessons from 8 orders | Business Standard News
Anti-profiteering provisions under GST emanate from Section 171 of the Central Goods and Services Tax (CGST) Act, which mandates that (i) benefit on account of reduction in effective rate
GST: Govt flip-flop continues, last date for claiming ITC extended after due date – The Hindu BusinessLine
It seems tax authorities are not very sure what to do at the appropriate time. This was clearly evident on Sunday, when the Finance Ministry
Dual jurisdiction under GST opens door for traders’ harassment: CAIT – The Hindu BusinessLine
Traders’ body CAIT on Friday warned that allowing central as well as state tax administrations to initiate action against any taxpayer irrespective of jurisdiction would
High-level panel likely to suggest UN model for cross-border insolvency cases – The Economic Times-?????
The model would be on the basis of Centre of Main Interests (COMI), which would be defined. In accordance with COMI, the place of main
Finance Ministry extends deadline for filing September GST returns to October 25 – The Economic Times
The Finance Ministry Sunday extended the deadline for filing summary sales return GSTR-3B for the month of September by five days to October 25. With this extension,
To boost exports, expedite GST refunds–Economic Times
Although the marginal dip in September exports, over the year-ago figure, is statistical, there is every reason to remove one major hurdle to export growth:
GST policy on e-commerce may make life difficult for cab startups: Experts – The Economic Times
A Bengaluru-based startup has filed an appeal questioning a July 27 ruling by GST authorities in Karnataka which said app-based cab aggregators must pay GST on trip
Impasse over GST can’t be resolved politically, will require judicial pronouncement: Pranab Mukherjee – The Economic Times
Former President Pranab Mukherjee Friday said he feels that the impasse over the Goods and Services Tax (GST) cannot be resolved politically and the top court will have to
High Court stays action against some exporters for wrongly availing GST benefits – The Economic Times
GST law amendment had brought in pre-import condition that denies IGST benefits to imports which had happened after exports. In what may provide a respite
GST-E-way bill alert: Tighter rule in place; now this code is mandatory for moving consignments – The Financial Express
The move would further smoothen the experience of users generating e- way bill. Tightening the norms for issuance of e-way bill, the GST Network has
Imposition of calamity tax with GST not advisable: CAIT – The Financial Express
The CAIT said that at a time when the country is moving towards rationalisation of tax structure, any move to impose cess/tax in any form
Companies may have to show ledgers for claiming GST credit of over Rs 25 lakh – The Economic Times
Government will soon bring out a new ‘credit growth return’ form. Companies that availed of more than Rs 25 lakh credit under the goods and
Price of each product must be lowered in case of GST rate reduction: Profiteering regulator – The Hindu BusinessLine
In what could be a clear message to industry, the National Anti-profiteering Authority (NAA) has said the GST rate cut benefit should to be passed
No GST on residential programmes to promote religion, spirituality, yoga – Check what revenue department has said – The Financial Express
As per the circular, residential programme or camps where the fee charged includes cost of lodging and boarding shall also be exempt as long as
Taxmen arrest three for issuing fake GST invoices to claim input tax credit – The Economic Times
The Commercial Taxes department has busted a racket involved in issuing fake GST invoices to help some dealers claim input tax credit (ITC) from the government. Three Bengaluru-based businessmen,
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