Category: GST

https://www.business-standard.com/economy/news/gst-council-okays-28-tax-on-online-gaming-casinos-and-horse-racing-123071101097_1.html Clipped from: https://www.business-standard.com/economy/news/gst-council-okays-28-tax-on-online-gaming-casinos-and-horse-racing-123071101097_1.html To be levied on full face value; effective roll-out after amendments to GST law Finance Minister Nirmala Sitharaman with Revenue Secretary Sanjay

https://www.thehindubusinessline.com/news/28-per-cent-gst-an-existential-threat-say-online-gaming-companies/article67068569.ece lipped from: https://www.thehindubusinessline.com/news/28-per-cent-gst-an-existential-threat-say-online-gaming-companies/article67068569.ece The decision will lead to lakhs of job losses: The All India Gaming Federation chief Online gaming companies have reacted strongly to

https://www.thehindubusinessline.com/economy/uniform-28-gst-on-full-face-value-in-online-gaming-casino-horse-racing/article67068855.ece Clipped from: https://www.thehindubusinessline.com/economy/uniform-28-gst-on-full-face-value-in-online-gaming-casino-horse-racing/article67068855.ece The Council recommended that amendments be made in the law to include online gaming and horse racing in Schedule III as taxable

https://www.thehindubusinessline.com/economy/iba-urges-centre-to-reduce-gst-on-carbonated-fruit-drinks/article67064678.ece lipped from: https://www.thehindubusinessline.com/economy/iba-urges-centre-to-reduce-gst-on-carbonated-fruit-drinks/article67064678.ece Currently, carbonated fruit drinks attracts 40 per cent GST including 12 per cent compensation cess The Indian Beverage Association (IBA) has urged

https://www.thehindubusinessline.com/economy/new-gst-rules-on-anvil-biz-may-have-to-explain-discrepancy-in-itc-claims/article67060015.ece Clipped from: https://www.thehindubusinessline.com/economy/new-gst-rules-on-anvil-biz-may-have-to-explain-discrepancy-in-itc-claims/article67060015.ece GST Council is likely to take a final call on the recommendation of the Law Committee in its 50th meeting on July

https://www.thehindubusinessline.com/economy/e-way-bill-generation-declines-in-june-may-impact-gst-collection-in-july/article67060067.ece Clipped from: https://www.thehindubusinessline.com/economy/e-way-bill-generation-declines-in-june-may-impact-gst-collection-in-july/article67060067.ece E-way bills are electronic documents generated for the movement of goods and payment of taxes. E-way bill generation came down to 8.60

https://www.thehindubusinessline.com/economy/gst-mechanism-for-online-gaming-casinos-horse-racing-to-dominate-the-proceedings/article67062932.ece Clipped from: https://www.thehindubusinessline.com/economy/gst-mechanism-for-online-gaming-casinos-horse-racing-to-dominate-the-proceedings/article67062932.ece The 50th GST Council meeting will also discuss the taxability of MUV and TCS liability in e-commerce trading The GST Council, in

https://www.thehindubusinessline.com/economy/gstn-to-get-info-from-financial-intelligence-unit-about-suspicious-forex-transaction-by-gst-assessee/article67057364.ece lipped from: https://www.thehindubusinessline.com/economy/gstn-to-get-info-from-financial-intelligence-unit-about-suspicious-forex-transaction-by-gst-assessee/article67057364.ece This move has been initiated under section 66 of PMLA which prescribes sharing of information by officers responsible for enforcement of the

https://www.business-standard.com/finance/personal-finance/gst-officers-bust-304-syndicates-involving-rs-25k-cr-fake-itc-claims-123070100411_1.html lipped from: https://www.business-standard.com/finance/personal-finance/gst-officers-bust-304-syndicates-involving-rs-25k-cr-fake-itc-claims-123070100411_1.html The chief of the Central Board of Indirect Taxes and Customs (CBIC) flagged that only 40 per cent of the corporate income

https://economictimes.indiatimes.com/news/economy/policy/gst-council-likely-to-exempt-igst-on-cancer-drug-import-fix-5-tax-on-refreshments-served-in-multiplex/articleshow/101553225.cms Clipped from: https://economictimes.indiatimes.com/news/economy/policy/gst-council-likely-to-exempt-igst-on-cancer-drug-import-fix-5-tax-on-refreshments-served-in-multiplex/articleshow/101553225.cms Synopsis Besides, import of medicines and Food for Special Medical Purposes (FSMP) used in the treatment of rare diseases for personal use

https://www.business-standard.com/economy/news/gst-council-to-review-stricter-tax-regime-for-pan-masala-tobacco-in-phases-123070700787_1.html Clipped from: https://www.business-standard.com/economy/news/gst-council-to-review-stricter-tax-regime-for-pan-masala-tobacco-in-phases-123070700787_1.html No consensus yet on retail sale price-based levy on some items However, it couldn’t be ascertained whether the issues cited are with

https://www.thehindubusinessline.com/economy/universal-e-invoice-an-ideal-situation-but-difficult-to-set-a-timeframe-says-cbic-chief-vivek-johri/article67049772.ece Clipped from: https://www.thehindubusinessline.com/economy/universal-e-invoice-an-ideal-situation-but-difficult-to-set-a-timeframe-says-cbic-chief-vivek-johri/article67049772.ece In an interview with businessline, Vivk Johri, Chairman of CBIC, says rate rationalisation exercise is “challenging” especially when collection is good Vivk

https://www.business-standard.com/economy/news/tax-credit-mismatch-gst-council-may-tighten-tax-return-filing-system-123070600963_1.html Clipped from: https://www.business-standard.com/economy/news/tax-credit-mismatch-gst-council-may-tighten-tax-return-filing-system-123070600963_1.html Cases to be scrutinised if tax credit mismatch is over 20% Experts are of the view that the proposed move could increase

https://www.business-standard.com/economy/news/gst-council-to-discuss-scope-of-budgetary-support-for-units-in-hilly-states-123070500875_1.html Clipped from: https://www.business-standard.com/economy/news/gst-council-to-discuss-scope-of-budgetary-support-for-units-in-hilly-states-123070500875_1.html The 50th GST Council meeting is scheduled to take place on July 11 in New Delhi Listen to This Article The Goods

https://www.business-standard.com/economy/news/gst-council-to-discuss-tax-valuation-norms-on-online-gaming-on-july-11-123070501010_1.html Clipped from: https://www.business-standard.com/economy/news/gst-council-to-discuss-tax-valuation-norms-on-online-gaming-on-july-11-123070501010_1.html The council is also likely to thrash out a consensus on whether the tax would be levied on the full value of

https://www.financialexpress.com/industry/sme/msme-eodb-what-is-hsn-code-in-international-trade-and-how-to-add-it-on-gst-portal/3157016/ Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-what-is-hsn-code-in-international-trade-and-how-to-add-it-on-gst-portal/3157016/ HSN Code Finder: The code follows a hierarchical structure, where the first two digits represent the chapter, the next two digits indicate

https://www.business-standard.com/opinion/columns/envisioning-gst-five-years-hence-123070501015_1.html Clipped from: https://www.business-standard.com/opinion/columns/envisioning-gst-five-years-hence-123070501015_1.html The learning is for everyone, and with a common legal framework, the experiences of states are being shared with the Centre and

https://www.business-standard.com/opinion/editorial/next-steps-for-gst-123070400997_1.html Clipped from: https://www.business-standard.com/opinion/editorial/next-steps-for-gst-123070400997_1.html Administrative and policy interventions needed Listen to This Article After six years of implementation, the goods and services tax (GST) system seems

https://www.thehindubusinessline.com/opinion/columns/statistalk/has-the-sentiment-improved-towards-gst/article67041535.ece lipped from: https://www.thehindubusinessline.com/opinion/columns/statistalk/has-the-sentiment-improved-towards-gst/article67041535.ece Goods and Services Tax (GST) came to force six years ago. A study by Deloitte sheds light on industry views on GST