https://www.financialexpress.com/opinion/work-in-progress-there-are-many-reasons-to-exult-over-recent-gst-gains/3151963/ Clipped from: https://www.financialexpress.com/opinion/work-in-progress-there-are-many-reasons-to-exult-over-recent-gst-gains/3151963/ Centre and states still have a job at hand. There needs no better proof of the flaws in the GST design than
Category: GST
👍👍👍👍👍👍👍CBIC waives Filing of Form GSTR-9 and GSTR-9C for Annual Turnover up to 2 cr and 5 cr
Clipped from: https://www.taxscan.in/cbic-waives-filing-of-form-gstr-9-and-gstr-9c-for-annual-turnover-up-to-2cr-and-5cr/295309/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=CBIC%20waives%20Filing%20of%20Form%20GSTR-9%20and%20GSTR-9C%20for%20Annual%20Turnover%20up%20to%202%20cr%20and%205%20cr As a part of the 6th anniversary of the implementation of the Goods and Services Tax (GST), the Central Board of Indirect Taxes and
6 Years of GST and Still Unsolved Questions
Read More: https://www.taxscan.in/6-years-of-gst-and-still-unsolved-questions/294102/ Clipped from: https://www.taxscan.in/6-years-of-gst-and-still-unsolved-questions/294102/ – “Ek Bharat Sreshtha Bharat. GST stands for Good and Simple Tax. It is a path breaking legislation for New India.
5% GST applicable on Pre-Packaged & Labelled Rice up to 25 Kg for the purpose of Export: AAR
Clipped from: https://www.taxscan.in/5-gst-applicable-on-pre-packaged-labelled-rice-up-to-25-kg-for-the-purpose-of-export-aar-read-order/294007/ The Authority for Advance Ruling (AAR), Chhattisgarh bench has held that Goods and Services Tax (GST) at the rate of 5% is applicable on the
Six years of GST: Steps that led to success, and the way forward
https://www.business-standard.com/opinion/columns/six-years-of-gst-steps-that-led-to-success-and-the-way-forward-123063001021_1.html https://www.business-standard.com/opinion/columns/six-years-of-gst-steps-that-led-to-success-and-the-way-forward-123063001021_1.html No longer a discretion of the tax administrator, the audit of returns filed by taxpayers is now based on a selection by algorithms
GST deserves due credit – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/gst-deserves-due-credit/article67028182.ece Clipped from: https://www.thehindubusinessline.com/opinion/gst-deserves-due-credit/article67028182.ece To leverage its benefits, businesses must be abreast of the restrictions and amendments to the Input Tax Credit scheme On July 1,
👍👍👍👍👍👍👍GST Offences: Types, Penalties and Legal Proceedings in India
https://taxguru.in/goods-and-service-tax/gst-offences-types-penalties-legal-proceedings-india.html Clipped from: https://taxguru.in/goods-and-service-tax/gst-offences-types-penalties-legal-proceedings-india.html In July 2017, the concept of Goods and Services Tax (GST) was introduced in India to ensure the smooth flow of taxes
Six years of GST – I: How the new tax regime changed indirect taxation
https://www.business-standard.com/opinion/columns/how-the-new-tax-regime-changed-indirect-taxation-123062900855_1.html Clipped from: https://www.business-standard.com/opinion/columns/how-the-new-tax-regime-changed-indirect-taxation-123062900855_1.html There used to be a local value-added tax (VAT) for intra-state movement of goods, and a central sale tax (CST) regime for
Speaking Order Under GST Regime
https://taxguru.in/goods-and-service-tax/speaking-order-gst-regime.html Clipped from: https://taxguru.in/goods-and-service-tax/speaking-order-gst-regime.html Speaking orders, or reasoned decisions, form an integral part of natural justice and serve as the third pillar of this principle. A
Read: Six years of GST: Rs 1.5 trillion monthly tax revenues becomes ‘new normal’, focus on curbing tax evasion
https://www.financialexpress.com/economy/six-years-of-gst-rs-1-5-trillion-monthly-tax-revenues-becomes-new-normal-focus-on-curbing-tax-evasion/3147858/ Shared by Financial Express android app. Click here to download https://financialexpress.page.link/fe_app
👍👍👍👍👍👍👍GST Appeal filed after prescribed time limit cannot be entertained
https://taxguru.in/goods-and-service-tax/gst-appeal-filed-prescribed-time-limit-entertained.html Clipped from: https://taxguru.in/goods-and-service-tax/gst-appeal-filed-prescribed-time-limit-entertained.html The Hon’ble Kerala High Court in M/s Penuel Nexus Pvt Ltd. v. The Additional Commissioner (Appeals), Cochin [WP(C) No. 15574 of 2023 dated June
Cash Credit Account is not a Debt and Cannot be Made Attachable: Calcutta HC Sets aside Attachment Order
Clipped from: https://www.taxscan.in/cash-credit-account-is-not-a-debt-and-cannot-be-made-attachable-calcutta-hc-sets-aside-attachment-order/293406/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Cash%20Credit%20Account%20is%20not%20a%20Debt%20and%20Cannot%20be%20Made%20Attachable:%20Calcutta%20HC%20Sets%20aside%20Attachment%20Order The Calcutta High Court set aside the attachment order since the cash credit account is not a debt and cannot be made attachable.
👍👍👍👍👍CESTAT Quashes Order as SCN Deemed Time-Barred, Issued Beyond Period of Limitation
Clipped from: https://www.taxscan.in/cestat-quashes-order-as-scn-deemed-time-barred-issued-beyond-period-of-limitation/292526/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=CESTAT%20Quashes%20Order%20as%20SCN%20Deemed%20Time-Barred,%20Issued%20Beyond%20Period%20of%20Limitation The Customs, Excise & Service Tax Appellate Tribunal (CESTAT), Ahmedabad bench has quashed an order related to a service tax appeal on the grounds that the Show
👍👍👍👍👍Section 107 of CGST Act impliedly excluded application of Limitation Act
https://taxguru.in/goods-and-service-tax/section-107-cgst-act-impliedly-excluded-application-limitation-act.html Clipped from: https://taxguru.in/goods-and-service-tax/section-107-cgst-act-impliedly-excluded-application-limitation-act.html Penuel Nexus Pvt Ltd Vs Additional Commissioner Headquarters (Appeals) (Kerala High Court) Kerala High Court held that provisions of section 107 of
ICICI Prudential found to have ₹492 crore GST liability, many under lens
ICICI Prudential found to have ₹492 crore GST liability, many under lens https://economictimes.indiatimes.com/industry/banking/finance/insure/icici-prudential-gets-notice-for-alleged-gst-liability-of-rs-492-crore/articleshow/101291709.cms Download Economic Times App to stay updated with Business News – https://etapp.onelink.me/tOvY/135dde21
Under scanner: Insurance companies likely to soon face GST audits
https://www.business-standard.com/economy/news/insurance-firms-to-face-gst-audit-tax-authorities-to-check-irregularities-123062200993_1.html lipped from: https://www.business-standard.com/economy/news/insurance-firms-to-face-gst-audit-tax-authorities-to-check-irregularities-123062200993_1.html Any mismatch in information across documents could raise a red flag Photo: Shutterstock Listen to This Article Insurance companies may soon face
Targets Based Incentives earned by Reseller not amount to Trade Discount; 18% GST Applicable: AAAR
Clipped from: https://www.taxscan.in/targets-based-incentives-earned-by-reseller-not-amount-to-trade-discount-18-gst-applicable-aaar/290133/ While enhancing the AAR’s decision, the Maharashtra Appellate Authority for Advance Ruling (AAAR) decided that 18% Goods and Services Tax (GST) is applicable to incentives
Mineral transporters take litigation path against GST demand – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/mineral-transporters-take-litigation-path-against-gst-demand/article66986024.ece Clipped from: https://www.thehindubusinessline.com/economy/mineral-transporters-take-litigation-path-against-gst-demand/article66986024.ece Carriers and experts say such a mechanism is not justified, while tax officials rely on a circular issued last August GST demand for
aniltikotekar4sme.com 