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
Category: GST
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 Top Stories By Manu Sharma A S – On December 21, 2022 10:36 am The Maharashtra Authority for Advance Ruling (AAR) has recently ruled that the
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
Electronic evidence must be accompanied by Requisite Certificate u/s 36-B(2) of Central Excise Act: Orissa HC
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 Top Stories By Manu Sharma A S – On December 19, 2022 5:16 pm The SIngle Bench of Chief Justice M S Raman of Orissa High
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 Top Stories By Rasheela Basheer – On December 17, 2022 4:14 pm The 48th GST Council meeting has clarified that no GST would be levied on
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
