https://taxguru.in/goods-and-service-tax/measures-gst-streamlining-compliances-50th-gst-council-meeting.html Clipped from: https://taxguru.in/goods-and-service-tax/measures-gst-streamlining-compliances-50th-gst-council-meeting.html Measures for streamlining compliances in GST GST Council meetings hit the half-century on 11 July 2023. Various recommendations were made in the 50th GST
Category: GST
👍👍👍👍👍👍👍GST Refund on Export based on FOB value: A Partial Settlement!
https://taxguru.in/goods-and-service-tax/gst-refund-export-based-fob-partial-settlement.html Clipped from: https://taxguru.in/goods-and-service-tax/gst-refund-export-based-fob-partial-settlement.html The 50th Meeting of the GST Council was held on 11th July, 2023 in New Delhi, under the chairpersonship of the Union Finance & Corporate Affairs
👍👍👍👍👍👍👍GST on services exported but consideration not received
https://taxguru.in/goods-and-service-tax/gst-services-exported-consideration-received.html Clipped from: https://taxguru.in/goods-and-service-tax/gst-services-exported-consideration-received.html From time to time, the Indian government comes up with numerous schemes and incentives for exporters in order to enhance the market
👍👍👍👍👍👍👍No Interest on Wrongly availed IGST time period starting from availment and up to its Reversal CBIC clarifies
Clipped from: https://www.taxscan.in/no-interest-on-wrongly-availed-igst-time-period-starting-from-availment-and-up-to-its-reversal-cbic-clarifies-read-circular/300974/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=No%20Interest%20on%20Wrongly%20availed%20IGST%20time%20period%20starting%20from%20availment%20and%20up%20to%20its%20Reversal%20CBIC%20clarifies With respect to the recommendations of the 50th Goods and Services Tax (GST) Council issued circular No. 192/04/2023-GST on 17th July 2023, the Central Board of
👍👍👍👍👍👍👍GST: CBIC Clarifies Refund Related Issues
Clipped from: https://www.taxscan.in/gstcbic-clarifies-refund-related-issues/301014/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=GST:%20CBIC%20Clarifies%20Refund%20Related%20Issues The Central Board of Indirect Taxes and Customs (CBIC) has issued clarification on the Goods and Services Tax (GST) refund related issues vide circular no. 197/09/2023- GST
E-Invoice Mandatory for GST Registered Persons on Supply to Government Departments Solely Registered for TDS purpose: CBIC
Read More: https://www.taxscan.in/e-invoice-mandatory-for-gst-registered-persons-on-supply-to-government-departments-solely-registered-for-tds-purpose-cbic-read-circular/300849/ Clipped from: https://www.taxscan.in/e-invoice-mandatory-for-gst-registered-persons-on-supply-to-government-departments-solely-registered-for-tds-purpose-cbic-read-circular/300849/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=E-Invoice%20Mandatory%20for%20GST%20Registered%20Persons%20on%20Supply%20to%20Government%20Departments%20Solely%20Registered%20for%20TDS%20purpose:%20CBIC The Central Board of Indirect Taxes and Customs (CBIC) issued vide circular no. 198/10/2023-GST on July 17th 2023 clarifying the mandatory e-invoice for
👍CGST Rule 89(4) or 89(4B)? Refund issue can snowball into major problem
https://www.business-standard.com/opinion/columns/cgst-rule-89-4-or-89-4b-refund-issue-can-snowball-into-major-problem-123071600648_1.html Clipped from: https://www.business-standard.com/opinion/columns/cgst-rule-89-4-or-89-4b-refund-issue-can-snowball-into-major-problem-123071600648_1.html Rule 96A of the CGST Rules, 2017, allows export of goods without payment of IGST after furnishing a bond or letter of
When is a corporate guarantee taxable? – The Hindu BusinessLine
https://www.thehindubusinessline.com/business-laws/when-is-a-corporate-guarantee-taxable/article66927544.ece Clipped from: https://www.thehindubusinessline.com/business-laws/when-is-a-corporate-guarantee-taxable/article66927544.ece GST law may deem a corporate guarantee for a related party as supply of service, but this remains a grey zone The
Online gaming firms, bodies seek review of 28% GST in open letter – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/online-gaming-firms-bodies-seek-review-of-28-gst-in-open-letter/article67084071.ece Clipped from: https://www.thehindubusinessline.com/economy/online-gaming-firms-bodies-seek-review-of-28-gst-in-open-letter/article67084071.ece Online gaming companies, industry bodies have jointly signed a letter, said that it will ‘reverse the growth trajectory’ Almost 130 online gaming
All for our own ‘good’? – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/all-for-our-own-good/article67087455.ece Clipped from: https://www.thehindubusinessline.com/opinion/all-for-our-own-good/article67087455.ece The high tax rate on sin goods, governments justify, is to save us from our addictions. But due to inelastic demand, consumption
👍👍👍👍👍👍👍Taxability of GST on Stock Transfer of Goods
https://taxguru.in/goods-and-service-tax/taxability-gst-stock-transfer-goods.html Clipped from: https://taxguru.in/goods-and-service-tax/taxability-gst-stock-transfer-goods.html Introduction: The taxability of stock transfers of goods is a crucial aspect under the GST regime. Stock transfers, which have been prevalent in
👍👍👍👍👍👍👍Bombay HC Allows Petitioner’s Advocate during GST Statement Recording
https://taxguru.in/goods-and-service-tax/bombay-hc-allows-petitioners-advocate-gst-statement-recording.html Clipped from: https://taxguru.in/goods-and-service-tax/bombay-hc-allows-petitioners-advocate-gst-statement-recording.html In a significant ruling, the Bombay High Court, in the case of Shri Prakash Kumar Rameshbhai Patel v. State of Maharashtra [Criminal Writ
👍Bombay High Court Sets Time Limit for GST Tribunal Appeals
https://taxguru.in/goods-and-service-tax/bombay-high-court-sets-time-limit-gst-tribunal-appeals.html Clipped from: https://taxguru.in/goods-and-service-tax/bombay-high-court-sets-time-limit-gst-tribunal-appeals.html Essar Steel Suppliers Vs Union of India & Ors. (Bombay High Court) In a recent case, M/s Essar Steel Suppliers v. Union
👍👍👍👍👍👍👍50th GST Council meeting’s 15 Major Decisions
https://taxguru.in/company-law/50th-gst-council-meetings-15-major-decisions.html Clipped from: https://taxguru.in/company-law/50th-gst-council-meetings-15-major-decisions.html The 50th Meeting of the GST Council was held on 11th July 2023 in New Delhi, under the chairpersonship of the Union
🙏Can online gaming companies survive the 28% GST? – The Hindu BusinessLine
https://www.thehindubusinessline.com/blexplainer/bl-explainer-can-online-gaming-companies-survive-the-28-gst/article67079053.ece Clipped from: https://www.thehindubusinessline.com/blexplainer/bl-explainer-can-online-gaming-companies-survive-the-28-gst/article67079053.ece The Internet and Mobile Association of India is opposed to the levy but the govt says it is necessary to curb gambling addiction
Online gaming players write to Finance Minister, PM, to reconsider 28 per cent GST – The Hindu BusinessLine
https://www.thehindubusinessline.com/news/online-gaming-players-write-to-finance-minister-pm-to-reconsider-28-per-cent-gst/article67079579.ece lipped from: https://www.thehindubusinessline.com/news/online-gaming-players-write-to-finance-minister-pm-to-reconsider-28-per-cent-gst/article67079579.ece The decision to impose 28 per cent GST ‘will have significant adverse effects on our community,’ they said A group of players
Indian online gaming firms relocating to avoid tax will be risky: Official
https://www.business-standard.com/economy/news/indian-online-gaming-firms-relocating-to-avoid-tax-will-be-risky-official-123071301057_1.html Clipped from: https://www.business-standard.com/economy/news/indian-online-gaming-firms-relocating-to-avoid-tax-will-be-risky-official-123071301057_1.html Indian online gaming firms planning to relocate overseas to avoid a new 28% tax on the sector run the risk of violating
👍👍👍👍👍No GST on replacement of parts during warranty period, says council
https://www.business-standard.com/economy/news/no-gst-on-replacement-of-parts-during-warranty-period-says-council-123071400450_1.html Clipped from: https://www.business-standard.com/economy/news/no-gst-on-replacement-of-parts-during-warranty-period-says-council-123071400450_1.html Clarification provides certainty on the tax treatment of warranty repairs, say experts Listen to This Article The GST council has spoken on
🙏Work in progress: The Hindu Editorial on the GST Council meet and issues – The Hindu
https://www.thehindu.com/opinion/editorial/work-in-progress-the-hindu-editorial-on-the-gst-council-meet-and-issues/article67076337.ece Clipped from: https://www.thehindu.com/opinion/editorial/work-in-progress-the-hindu-editorial-on-the-gst-council-meet-and-issues/article67076337.ece The 50th GST Council meet lifts the fog on many areas; execution holds the key Meeting after nearly five months, the Goods
GST authorities to roll out biometric-based Aadhaar authentication of suspicious registration applicants – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/gst-authorities-to-roll-out-biometric-based-aadhaar-authentication-of-suspicious-registration-applicants/article67075905.ece Clipped from: https://www.thehindubusinessline.com/economy/gst-authorities-to-roll-out-biometric-based-aadhaar-authentication-of-suspicious-registration-applicants/article67075905.ece Special joint drive against fake registration may be extended beyond July 15,says Revenue Secretary GST Administration will soon begin a pilot for
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