Clipped from: https://www.taxscan.in/electronic-evidence-must-be-accompanied-by-requisite-certificate-u-s-36-b2-of-central-excise-act-orissa-hc/235875/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Electronic%20evidence By Manu Sharma A S – On December 19, 2022 5:16 pm The SIngle Bench of Chief Justice M S Raman of Orissa High Court held
Category: GST
GST Not Applicable on Renting of Residential Property to Registered Person in Own Capacity for Personal Use: GST Council
lipped from: https://www.taxscan.in/gst-not-applicable-on-renting-of-residential-property-to-registered-person-in-own-capacity-for-personal-use-gst-council/235300/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=GST%20Not%20Applicable By Rasheela Basheer – On December 17, 2022 4:14 pm The 48th GST Council meeting has clarified that no GST would be levied on renting of
Explained | Decriminalisation of offences under GST – The Hindu
Clipped from: https://www.thehindu.com/business/Economy/explained-decriminalisation-of-offences-under-gst/article66279310.ece Why was there an emphasis on criminal jurisprudence behind the penal provisions in the GST law? Should imposing penal laws be discouraged to
GST Council: Unregistered sellers can make intra-state supply of goods via e-commerce from October 2023 | The Financial Express***
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-gst-council-unregistered-sellers-can-make-intra-state-supply-of-goods-via-e-commerce-from-october-2023/2918421/ Ease of doing business for MSMEs: To facilitate e-commerce for micro enterprises, the GST Council in its 47th meeting in June this year
CBIC detects Rs 62K-crore GST evasion via fake invoices during past 3 years | Business Standard News***
Clipped from: https://www.business-standard.com/article/economy-policy/cbic-detects-rs-62-000-crore-of-gst-evasion-using-fake-invoices-122121800719_1.html Tax authorities have detected Rs 62,000 crore worth of goods and services tax (GST) evasion (or frauds) using fake invoices during the past
50K show-cause notices sent to companies, partnership firms after GST audit | Business Standard News*****
Clipped from: https://www.business-standard.com/article/economy-policy/50k-show-cause-notices-to-firms-over-discrepancies-in-audit-findings-122121800654_1.html The goods and services tax (GST) authorities have issued around 50,000 show-cause notices (SCN) to several companies and partnership firms across sectors, including
28% GST on gambling-like online games | The Financial Express
Clipped from: https://www.financialexpress.com/economy/28-gst-on-gambling-like-online-games/2918171/ The GoM report on online gaming, horse racing and casinos was not discussed at the GST Council on its meeting on Saturday. “It
GST panel relaxes prosecution norms | The Financial Express
Clipped from: https://www.financialexpress.com/economy/gst-panel-relaxes-prosecution-norms/2918162/ With regard to decriminalisation under GST, the council decided to raise the minimum threshold of tax amount for launching prosecution under GST to
Centre, states look to widen GST taxpayer base | The Financial Express
Clipped from: https://www.financialexpress.com/economy/centre-states-look-to-widen-gst-taxpayer-base/2918179/ Gujarat is working on PAN-based linkage of businesses while Madhya Pradesh is looking at exchange of data with power distribution companies. Maharashtra is
GST Council doubles limit for launching prosecution to Rs 2 cr; defines SUVs for 22 pc cess – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/gst-council-doubles-limit-for-launching-prosecution-to-rs-2-cr-defines-suvs-for-22-pc-cess/articleshow/96320546.cms Synopsis The Council also clarified on the definition of SUVs (sports utility vehicles) for the levy of 22 per cent compensation cess over
Availing input tax credit has become a task: Reliance Industries tax official – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/availing-input-tax-credit-has-become-a-task-reliance-industries-tax-official/article66271207.ece Introduction of one nation – one tax, reduction of cascading tax effects, and introduction of E-invoicing and E-way bills are some of the
GST Applicable on Deduction made on Employees’ Salary for Canteen Facility: AAR*
Clipped from: https://www.taxscan.in/gst-applicable-on-deduction-made-on-employees-salary-for-canteen-facility-aar/233308/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=GST%20Applicable By Fathima Karama AM – On December 12, 2022 7:11 pm The Authority for Advance Ruling (AAR) Karnataka has ruled that the GST would be applicable on the
GST evasion worth around ₹23,000 crore being investigated: Finmin – The Hindu BusinessLine*
Clipped from: https://www.thehindubusinessline.com/economy/gst-evasion-worth-around-23000-crore-being-investigated-finmin/article66254297.ece CBIC formations have initiated investigations against some gaming companies (including Online gaming companies) located in India as well as abroad: Minister of State
GST amnesty scheme: Why taxpayers need an opportunity to correct inadvertent errors – The Economic Times*****
Clipped from: https://economictimes.indiatimes.com/small-biz/gst/gst-amnesty-scheme-why-taxpayers-need-an-opportunity-to-correct-inadvertent-errors/articleshow/96018924.cms Synopsis In the initial years, people struggled in understanding the impact of the new regime on their businesses, getting their internal systems revamped
‘Perk’ing up GST
‘Perk’ing up GST: https://www.thehindubusinessline.com/opinion/perking-up-gst/article66235615.ece The definition of “business” under GST law covers any activity or transaction that is incidental or ancillary to the main activity.
Maintaining predictability in taxation law is of utmost importance: SC — Courtesy BusinessLine
Maintaining predictability in taxation law is of utmost importance: SC: https://www.thehindubusinessline.com/economy/maintaining-predictability-in-taxation-law-is-of-utmost-importance-sc/article66229400.ece
GST amnesty scheme: Why taxpayers need an opportunity to correct inadvertent errors –Courtesy Economic Times
GST amnesty scheme: Why taxpayers need an opportunity to correct inadvertent errors https://economictimes.indiatimes.com/small-biz/gst/gst-amnesty-scheme-why-taxpayers-need-an-opportunity-to-correct-inadvertent-errors/articleshow/96018924.cms Download Economic Times App to stay updated with Business News – https://etapp.onelink.me/tOvY/135dde21
GST Council may lower tax on health insurance | The Financial Express
lipped from: https://www.financialexpress.com/money/insurance/gst-council-may-lower-tax-on-health-insurance/2901544/ GoM on online gaming yet to submit report The GST Council, chaired by finance minister Nirmala Sitharaman, is scheduled to meet via video-conferencing
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