Clipped from: https://www.thehindu.com/opinion/editorial/gst-buoyancy/article66331268.ece December’s revenues signal some post-festive fervour in the economy At almost ₹1.5 lakh crore, Goods and Services Tax (GST) inflows in December 2022
Category: GST
Five areas for small businesses to look at for GST compliance | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-2023-five-areas-for-small-businesses-to-look-at-for-gst-compliances-in-the-new-year/2932650/ Ease of doing business for MSMEs: Recent changes in GST have indicated the government’s plans for 2023. The authorities are strict in revocation
Food-beverages prepared in a restaurant to attract 5% GST, rules Gujarat AAR – The Hindu BusinessLine***
Clipped from: https://www.thehindubusinessline.com/economy/food-beverages-prepared-in-a-restaurant-to-attract-5-gst-rules-gujarat-aar/article66330047.ece The levy is irrespective of whether it is consumed inside the restaurant or takeaway Food & beverages prepared in a restaurant will attract
AAR & AAAR Weekly Round-Up***
Clipped from: https://www.taxscan.in/aar-aaar-weekly-round-up-6/241337/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=AAR%20&%20AAAR%20Weekly%20Round-Up By Taxscan Team – On January 1, 2023 11:37 am This weekend summary provides an analytical synopsis of the most major stories about the Goods and
25 Important Income Tax High Court Judgments of 2022***
Clipped from: https://www.taxscan.in/25-important-income-tax-high-court-judgments-of-2022/241279/ By Manu Sharma A S – On January 1, 2023 2:57 pm The Himachal Pradesh High Court had held that, the assessee-Kangra Central Co-operative Bank Limited
TDS deductible u/s 194C in case of Common Area Maintenance charges
Clipped from: https://taxguru.in/income-tax/tds-deductible-194c-case-common-area-maintenance-charges.html Johnson Watch Company Pvt. Ltd. Vs ACIT (ITAT Delhi) ITAT Delhi held that as common area maintenance (CAM) charges are for maintenance of
Now, claim refunds on cancelled flat booking, insurance policy – The Hindu BusinessLine*****
lipped from: https://www.thehindubusinessline.com/economy/now-claim-refunds-on-cancelled-flat-booking-insurance-policy/article66313313.ece The process requires the buyer to get temporary registration on the GST portal to claim the refund Experts say the government should consider
Change in GST Registration Rules notified by CBIC: Mobile Number and Email to be verified by OTPs
Clipped from: https://www.taxscan.in/change-in-gst-registration-rules-notified-by-cbic-mobile-number-and-email-to-be-verified-by-otps/239181/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Change%20in%20GST%20Registration%20Rules By Manu Sharma A S – On December 27, 2022 5:42 pm The Central Board of Indirect Taxes and Customs (CBIC) has notified the amendments to the Central Goods and Services
GST officers to seek details of all invoices in case of ITC mismatch | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/gst-officers-to-seek-details-of-all-invoices-in-case-of-itc-mismatch-122122700999_1.html The CBIC issued circular clarifying guidelines on recovery proceedings for the period 2017-18 and 2018-19 GST officers will have to seek details of
input tax credit: Govt tweaks GST rules for claiming input tax credit – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/govt-tweaks-gst-rules-for-claiming-input-tax-credit/articleshow/96549862.cms Synopsis The ministry has inserted Rule 37A in Central Goods and Services Tax rules to give effect to the new provision. GST taxpayers will
No service tax on discount allowed to dealer by Vehicle Manufacturer
lipped from: https://taxguru.in/service-tax/service-tax-discount-vehicle-manufacturer-dealer-cestat.html B M Autolink Vs C.C.E.-Kutch (Gandhidham) (CESTAT Ahmedabad) We find that the fact is not under dispute that the appellant being a dealer
Uncertainty over implementing e-invoicing for businesses with turnover of more than ₹5 cr – The Hindu BusinessLine***
Clipped from: https://www.thehindubusinessline.com/economy/uncertainty-over-implementing-e-invoicing-for-businesses-with-turnover-of-more-than-5-crore/article66304260.ece Experts say time needed for preparation The Central Board of Indirect Taxes and Customs (CBIC) is yet to come out with a notification
CBIC panel to dispose of pending pre-GST cases–***
CBIC panel to dispose of pending pre-GST cases https://economictimes.indiatimes.com/news/economy/policy/cbic-panel-to-dispose-of-pending-pre-gst-cases/articleshow/96464742.cms Download Economic Times App to stay updated with Business News – https://etapp.onelink.me/tOvY/135dde21 The Central Board of
Analysis of Maharashtra AAAR ruling with Regards to Composite Supply In GST*****
Clipped from: https://taxguru.in/goods-and-service-tax/analysis-maharashtra-aaar-ruling-regards-composite-supply-gst.html Analysis of Legal View Given By Maharashtra Appellate Authority For Advance Ruling For Goods And Services Tax With Regards to Composite Supply In
CCI will have to devise a methodology to gauge profiteering under GST – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/cci-will-have-to-devise-a-methodology-to-gauge-profiteering-under-gst/article66289767.ece The specifics of methodology has been inconsistent and ambiguous in the National Anti-profiteering Authority Starting this month, the Competition Commission of India is
Weak case for reducing tax on cars – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/weak-case-for-reducing-tax-on-cars/article66293919.ece Taxes and other policies are geared towards encouraging a shift to electric vehicles to promote fuel economy and energy security Maruti Suzuki Chairman
Transfer of Monetary Proceeds without underlying Import of Services are liable to IGST under RCM: AAR
Clipped from: https://www.taxscan.in/transfer-of-monetary-proceeds-without-underlying-import-of-services-are-liable-to-igst-under-rcm-aar/236499/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Transfer%20of%20Monetary By Manu Sharma A S – On December 21, 2022 10:36 am The Maharashtra Authority for Advance Ruling (AAR) has recently ruled that the transfer of
Handle with care | Business Standard Editorials***
Clipped from: https://www.business-standard.com/article/opinion/handle-with-care-122122001230_1.html GST notices should not become a tool for harassment The goods and services tax (GST) authorities have started knocking at the doors of assessees. As
GST reforms will work for India–Courtesy Deccan Chronicle
Clipped from: https://www.deccanchronicle.com/opinion/dc-comment/191222/dc-edit-gst-reforms-will-work-for-india.html The decision to not impose or levy any new additional taxes, or bring any hitherto untaxed goods or services under the ambit is
gst: Small steps welcome, but GSTeps needed – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/small-steps-welcome-but-gsteps-needed/articleshow/96324888.cms Synopsis India’s growth momentum amid a world economy staring at recession is dependent on the government’s capital expenditure push. This must be funded
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