The Finance Ministry is considering an amendment in the law to raise penalties against companies that fail to pass on GST rate cuts to consumers.
Category: GST
GST’s ‘local’ snags – OPINION – The Hindu BusinessLine
After the introduction of GST, the powers of the State governments and other regional authorities to raise additional taxes became limited as most of these
Technical glitches continue to haunt the Goods and Services Tax Network | Business Standard News
Even after completion of one year of the new indirect tax regime, technical glitches continue to haunt the Goods and Services Tax Network (GSTN), as small and medium
Capital goods imported under EPCG scheme can be shifted to another unit | Business Standard News
Q. We have installed capital goods imported under the EPCG scheme in our Unit-1, the address of which is mentioned in the authorisation and bill of entry. Now, we
Niggles remain | Business Standard Editorials
The many niggling problems associated with the hurried deadline for implementing the goods and services tax (GST) are beginning to manifest themselves in ways that could add
Banks want to tap database of I-T, GST departments – The Hindu BusinessLine
To guard against a further increase in bad loans, banks are planning to dig deeper when it comes to loan appraisals by tapping the database
GST rates: Freebies may be freed of GST payment burden – The Economic Times
Promotional schemes such as buy-one-get-one-free are very popular, but some companies axed them after the GST regime came into force in July last year. New
How should firms prepare to deal with intra-company services under GST? | Business Standard News
Why is corporate India in a tizzy over the ruling by the Authority for Advance Rulings, Karnataka, in the Columbia Asia Hospital case? Sudipto Dey finds out. What is
GST: Slew of conflicting rulings by AAR threatens to hassle businesses – The Financial Express
Earlier this year, the tax department had released frequently asked questions on financial services sector, which had clarified that GST would be levied on services
Cheering numbers: GST imparts a big push to Income Tax base – The Financial Express
According to official data, e-returns of 3.43 crore were filed between April 1 and July 31, 2018, compared with 2.24 crore in the year-ago period.
Why rulings by tax tribunals must be tempered – The Financial Express
In the Castleton income tax case, the AAR had ruled, in 2012, that even though it did not have a ‘permanent establishment’ in India, it
Don’t tax intra-firm service supply–Economic Times
Don’t tax intra-firm service supply The Karnataka Authority of Advance Rulings (AAR) has erred in ruling that services by an office to branches in other
GST implementation an example of tax terrorism, says P Chidambaram – The Financial Express
The senior Congress leader also said that stagnant investment, fiscal deficit under pressure and the state current account deficit is having an impact on the
Don’t tax intra-firm service supply–Economic Times
The Karnataka Authority of Advance Rulings (AAR) has erred in ruling that services by an office to branches in other states will be treated as
GST officers to ensure companies pass on benefits to the consumers | Business Standard News
Weeks after goods and services tax (GST) rate reduction on over 100 items including consumer durables, the anti-profiteering watchdog has asked GST officers to keep a close
Reporting of GST, GAAR details in tax audit report deferred till Mar 2019 – The Economic Times
The revenue department today deferred implementation of a reporting norm for tax auditors wherein they were required to furnish details of Goods and Service Tax (GST) and general anti-tax
GST: Money transported in cash-carrying vans is not ‘goods’, rules Appellate Authority – The Hindu BusinessLine
The Maharashtra Appellate Authority for Advance Ruling for Goods and Services Tax (AAAR-GST) has ruled that ‘money’ is not ‘goods’. Accordingly, it decided against giving
Govt modifies due date for filing GST returns from July 2018-March 2019 | Business Standard News
The government has modified the due date for filing of final GST sales returns by businesses with turnover exceeding Rs 15 million to the 11th day of
Modi govt introduces four Bills in the Lok Sabha to simplify GST returns | Business Standard News
The Bills are primarily aimed at helping the MSME sector and small traders The government on Tuesday introduced four Bills in the Lok Sabha to amend the
Salary costs at headquarters to attract 18% GST for services given to offices in other states: AAR – The Financial Express
Experts said the ruling will mean that companies, which have offices in multiple states, will have to raise Goods and Services Tax (GST) invoice for
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