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
Category: GST
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
SC upholds HC decision on ‘Form C’ availability after GST – The Financial Express
The Supreme Court has upheld the decision of the Punjab and Haryana High Court that Form – ‘C’ should be made available to an assessee
GST audit tangle – OPINION – The Hindu BusinessLine
Remove Clause 44 in the Tax Audit report While the GST laws on rates of tax and filing of returns keep changing every alternate day,
GST administration: Remaining issues | Business Standard Column
Last month, I listed and elaborated on the guidance the Chairman, Central Board of Indirect Taxes and Customs (CBIC), issued weekly during GST’s first year,
‘On intermediary services, service provider must discharge GST liability’ | Business Standard News
Q. We import steel and supply to our customers in India. Sometimes, the customer wants to buy directly from our international supplier in US dollars.
Dear businesses, 2 things will most likely remain constant in GST regime: One is anti-profiteering – The Financial Express
Dear businesses, 2 things will most likely remain constant in GST regime: One is anti-profiteering. A year after the implementation of one of the biggest
One year on, GST is succeeding and growing – The Hindu Business-Line
As with any structural reform, GST too is evolving and will eventually accommodate excluded items One year is perhaps a short time to evaluate the
Exporters approach various courts over restrictions under GST regime | Business Standard News
Exporters have approached various courts over restrictions imposed for availing advance authorisation licences under the goods and services tax (GST) regime. The change in condition has led
Amendment to CGST Act: Pre-GST cess credit can’t be carried forward – The Financial Express
The CGST Amendment Bill was tabled in the Lok Sabha on Wednesday. An amendment to the central goods and services tax (CGST) Act has explicitly
Government admits E-way slip up the 1st time; says peak load capacity much higher now – The Financial Express
No more E-way bill crash! Peak load capacity increased to 75 lakh per day, says government. The E-way bill roll-out date was preponed to February
Firms submitting cost audit reports to govt to provide GST details – The Financial Express
The requirement for cost audit is triggered at Rs 35 crore for certain companies in the regulated sector, while it is Rs 50 crore for
IMF asks India to consider simpler GST rate structure | business news | Hindustan Times
The IMF on Wednesday described the Goods and Services Tax (GST) as a “milestone reform” in India’s tax policy, but pushed for a simplified structure,
Going by the numbers: shortfall in GST revenue collection – The Hindu
The complexity of the GST process is hindering collections and diminishing potential economic benefits A little over a year after the Goods and Services Tax (GST)
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
GST: Centre extends suspension of reverse charge mechanism by one year – The Hindu BusinessLine
In a business-friendly move, the Centre has extended the suspension of the reverse charge mechanism on purchase of goods or services by registered dealers from
Bumps along e-way bill road worry PwC; GST Council to deal with issues | Business Standard News
Leading tax consultant PwC has recommended that the government allow a few changes to be made in the e-way bills for the goods and services tax (GST) to address
GST rates: A year from rollout, GST’s roots get firmer – The Financial Express
Central bankers are not loose cannons. What they say matters. So what did RBI governor Urjit Patel quite mean when he warned against trade wars
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