Q. We are manufacturers of chemicals. The goods produced in a particular batch are not of correct quality. We cannot sell it or use it.
Category: GST
GST: Lack of item-wise tax collection data proves a hurdle – Business Line–23.05.2018
Even after 10 months of the Goods and Services Tax (GST) rollout, tax authorities are not in a position to tell which sector or item
Export obligation under EPCG scheme made more flexible – Business Line–23.05.2018
In a move that will come as a relief to exporters, the government has decided to make the rules for meeting of export obligation under
Don’t go back on GST – Business Line–23.05.2018
Tweak software issues and iron out ambiguities The announcement last week by the Malaysian government that it would be scrapping GST got some people in
Canteen services provided by outside vendors to attract 18% GST, says Authority for Advance Rulings – The Financial Express–22.05.2018
Canteen services provided by outside vendors in offices and factories will attract 18 per cent GST, said the Authority for Advance Rulings (AAR). The Gujarat
GST–: Revenue authorities step up efforts to make businesses file GST returns within deadline – The Economic Times–20.05.2018
As per official data, while 57.69 per cent of the GST returns for July were filed within the due date, the figure has now gone
GST update: Council asks Centre, states to quickly set up appellate authorities – The Financial Express–20.05.2018
The GST Council has asked the Centre and states to expedite setting up of appellate authorities for aggrieved entities to appeal against orders of the
GST adaptation under lens: Rajasthan depts deduct TDS from contractors, unlawfully – The Financial Express–20.05.2018
In what could bring the state governments’ adaptation to the goods and services tax (GST) into question, a few departments of the Rajasthan government have
Liquidated damages proceeds to attract 18% GST, says AAR – The Financial Express–20.05.2018
Mumbai-based Authority of Advanced Ruling (AAR) for the goods and services tax (GST) has held that payment made on account of ‘liquidated damages’ will attract
GST: Deadline for filing April GSTR-3B return extended by two days – Business Line–19.05.2018
The last date for filing of return in Form GSTR-3B for the month of April has been extended by two days. Taxpayers can now file
Free banking services out of GST net: FinMin official – Business Line–16.05.2018
Free banking services like cheque book issuance and ATM withdrawals is likely to remain out of the ambit of the GST, a senior finance ministry
GST: Here is an analysis of what judicial orders mean for businesses | Business Standard Column–14.05.2018
Since the roll-out of the GST regime in July last year, for businesses the transition to the new indirect tax regime has been a roller coaster ride.
No consensus on GST concession for digital payments – Business Line–12.05.2018
The Group of State Finance Ministers, which met here on Friday to decide on providing a 2 percentage point concession in the GST rate for
GST–Keep it good and simple – Business Line–12.05.2018
When the Goods and Services Tax was introduced on July 1, 2017, 16 cesses were abolished, to make the new tax structure cleaner. Prime Minister
GSTR1, e-way bills data to be matched to curb tax evasion – Business Line–11.05.2018
To curb tax evasion, authorities will start matching details given in the Goods and Services Tax Return (GSTR) Form Number 1 with those given in
Exporters demand GSTN, NSDL online linkage for GST refunds–Business Today–10.05.2018
The Export Promotion Council for EOUs & SEZs, has sought a linkage between the Goods and Services Tax Network (GSTN) portal and the NSDL portal,
Will employee reimbursements attract GST?- Business News–Business Today–10.05.2018
The introduction of the GST has been the source of confusion over taxes in many different sectors, but salaried employees have largely remained unaffected. However,
GST scrutiny: You don’t even have 0.77999999999883585 chance to escape GST scrutiny–Economic Times–10.05.2018
The promise of the Goods and Services Tax (GST) to bring clarity has finally started showing. As GST officers unleash the force of data analytics, no discrepancy or mismatch
e-way bill: E-way bill: All you need to know & experiences of the first month – The Economic Times–10.05.2018—–*****
By Anita Rastogi India has just announced the launch of another major reform under the GST regime. After an aborted attempt in February, the government has finally
GST: Jump in notices issued over mismatch – The Financial Express–10.05.2018
The tax department’s soft approach towards non-compliance under the GST may be coming to an end as the indirect tax regime enters into the new
