Category: GST

https://www.businesstoday.in/personal-finance/tax/story/if-you-havent-added-three-key-changes-this-month-that-can-impact-your-gst-return-filing-443916-2024-09-02 Clipped from: https://www.businesstoday.in/personal-finance/tax/story/if-you-havent-added-three-key-changes-this-month-that-can-impact-your-gst-return-filing-443916-2024-09-02 The steps are aimed at tightening compliance and ensuring all registered businesses maintain updated and accurate bank details with the GST portal.

https://www.thehindubusinessline.com/economy/no-gst-on-rd-grants-past-demands-to-be-regularised/article68623023.ece Clipped from: https://www.thehindubusinessline.com/economy/no-gst-on-rd-grants-past-demands-to-be-regularised/article68623023.ece The Council also recommends lowering levy on the GST rate on cancer drugs Research and development grants from private or public sector

https://www.business-standard.com/finance/news/rcm-on-commercial-rentals-may-raise-gst-revenue-burden-tenants-experts-124091001044_1.html Clipped from: https://www.business-standard.com/finance/news/rcm-on-commercial-rentals-may-raise-gst-revenue-burden-tenants-experts-124091001044_1.html The GST at 18 per cent was applicable if the landlord was a registered entity. It was also the case when the

https://www.businesstoday.in/personal-finance/tax/story/if-you-havent-added-three-key-changes-this-month-that-can-impact-your-gst-return-filing-443916-2024-09-02 Clipped from: https://www.businesstoday.in/personal-finance/tax/story/if-you-havent-added-three-key-changes-this-month-that-can-impact-your-gst-return-filing-443916-2024-09-02 The steps are aimed at tightening compliance and ensuring all registered businesses maintain updated and accurate bank details with the GST portal.

https://www.thehindubusinessline.com/opinion/nixing-research-by-taxing-grants/article68606184.ece Clipped from: https://www.thehindubusinessline.com/opinion/nixing-research-by-taxing-grants/article68606184.ece GST notices on academic institutions must be revoked Press Reports indicate that premier institutions such as IIT Delhi; Anna University; Punjab University;

https://www.thehindubusinessline.com/economy/pan-masala-gutkha-manufacturers-to-face-penalty-starting-oct-1-for-unregistered-machines-under-gst/article68495389.ece Clipped from: https://www.thehindubusinessline.com/economy/pan-masala-gutkha-manufacturers-to-face-penalty-starting-oct-1-for-unregistered-machines-under-gst/article68495389.ece Apart from the penalty, unregistered machines will be liable for seizure and confiscation The government has set a date of October 1

https://www.business-standard.com/opinion/editorial/mistaken-notice-124080601678_1.html Clipped from: https://www.business-standard.com/opinion/editorial/mistaken-notice-124080601678_1.html Giant tax demands should not be rushed Listen to This Article A “pre-show cause” notice issued to information-technology (IT) major Infosys by

https://www.thehindubusinessline.com/opinion/editorial/tax-overreach/article68492365.ece lipped from: https://www.thehindubusinessline.com/opinion/editorial/tax-overreach/article68492365.ece GST Directorate tax demand on Infosys absurd The Directorate General of GST Intelligence (DGGI) has whipped up a storm by slapping a

https://www.thehindubusinessline.com/economy/no-more-gst-notices-for-fy18-cbic-eases-norms-for-foreign-firms/article68493382.ece Clipped from: https://www.thehindubusinessline.com/economy/no-more-gst-notices-for-fy18-cbic-eases-norms-for-foreign-firms/article68493382.ece The June 26 circular shifts focus to practical valuation norms and clearer ITC guidelines Companies with head offices or branches abroad will

https://www.business-standard.com/economy/news/gst-suppliers-giving-discounts-must-ensure-undertaking-from-client-cbic-124062700654_1.html Clipped from: https://www.business-standard.com/economy/news/gst-suppliers-giving-discounts-must-ensure-undertaking-from-client-cbic-124062700654_1.html Currently, there is no mechanism to track whether the Input Tax Credit (ITC) on such discounts has been reversed or not The

https://www.financialexpress.com/budget/gst-council-meet-tax-rates-changed-for-goods-amp-services-check-what-gets-cheaper-and-costlier-3532162/ Clipped from: https://www.financialexpress.com/budget/gst-council-meet-tax-rates-changed-for-goods-amp-services-check-what-gets-cheaper-and-costlier-3532162/ The Council has exempted the purchase of railway tickets and payments for waiting room and cloak room charges from GST. The Council

https://www.thehindubusinessline.com/opinion/editorial/prioritise-reforms-in-gst-rates-procedures/article68316462.ece Clipped from: https://www.thehindubusinessline.com/opinion/editorial/prioritise-reforms-in-gst-rates-procedures/article68316462.ece Bring alcohol and fuel into GST ambit; shun punitive approach to mopping up taxes Nearly seven years after its inception, there can

https://www.business-standard.com/economy/news/centre-anticipates-rs-70k-crore-gst-cess-surplus-from-sin-goods-124062200482_1.html Clipped from: https://www.business-standard.com/economy/news/centre-anticipates-rs-70k-crore-gst-cess-surplus-from-sin-goods-124062200482_1.html The surprise surplus is attributed to impressive revenue generation from taxes on the so called “sin” goods like pan masala, cigarettes To