Clipped from: https://www.taxscan.in/no-gst-on-renting-of-residential-building-by-proprietor-of-a-registered-proprietorship-firm-delhi-hc/208420/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=No%20GST%20on%20Renting By Rasheela Basheer – On September 30, 2022 10:22 am A division bench of the Delhi High Court has held that GST is not leviable on
Category: GST
Understanding on TDS under GST
Clipped from: https://taxguru.in/goods-and-service-tax/understanding-tds-gst.html TDS under GST is applicable since 1st October 2018. As per GST Law- Certain categories of registered persons will be require to deduct taxes while
TDS under GST applicable if services not exempt from GST
Clipped from: https://taxguru.in/goods-and-service-tax/tds-gst-applicable-services-exempt-gst.html In re Tukaram Pundalik Borade (GST AAR Maharashtra) The applicant has submitted that the Samaj kalyan Vibhag of the Government of Maharashtra has
AAR explains Requirement of TDS under Section 51 of CGST Act 2017
Clipped from: https://taxguru.in/goods-and-service-tax/aar-explains-requirement-tds-section-51-cgst-act-2017.html In re Udupi Nirmithi Kendra (GST AAR Karnataka) In the first scenario, since the value of the single invoice is more than Rs.2.5
Key GST related issues MSMEs must convey to govt for resolution | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/msme-eodb-key-gst-related-issues-msmes-must-convey-to-govt-for-resolution/2671304/?utm_source=most_read_widget&utm_medium=endofarticlelinks&utm_campaign=Engagement Ease of Doing Business for MSMEs: Since GST is a destination-based tax, it is suggested to consider postponement of the taxation on stock
CBDT asks those who have won money in online games to pay taxes, file updated ITR – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/cbdt-asks-those-who-have-won-money-in-online-games-to-pay-taxes-file-updated-itr/articleshow/93849713.cms Synopsis The Central Board of Direct Taxes (CBDT) have asked the taxpayers to file ITR-U if they have won money in online games
GST compliance work deadline: Busy days ahead for finance, tax professionals – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/remaining-days-this-month-critical-for-finance-tax-personnel-as-key-gst-compliance-to-be-completed-by-sept-30/article65878439.ece Experts call for utmost care in preparing records to avoid any kind of coercive action by Tax Departments The next 20 days are
Input tax credit: Anti-profiteering authority holds that Tata Play profiteered over Rs 450 crore – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/input-tax-credit-anti-profiteering-authority-holds-that-tata-play-profiteered-over-rs-450-crore/article65866369.ece Directs company to deposit the amount with interest in consumer welfare funds within 3 months The National Anti-Profiteering Authority (NAA) has upheld that
Flavoured milk’s a drink, will be taxed, says AAAR ruling
Flavoured milk’s a drink, will be taxed, says AAAR ruling https://economictimes.indiatimes.com/news/india/flavoured-milks-a-drink-will-be-taxed-says-aaar-ruling/articleshow/94085616.cms Download Economic Times App to stay updated with Business News – https://etapp.onelink.me/tOvY/135dde21
Read: GST on renting out residential units: Clarification from policymakers must to avoid frivolous litigations
https://www.financialexpress.com/economy/gst-on-renting-out-residential-units-clarification-from-policymakers-must-to-avoid-frivolous-litigations/2653089/ Shared by Financial Express android app. Click here to download https://financialexpress.page.link/7KQwo2EMoJGJ48ie9
Read: GST offenders beware: Taxmen can launch prosecution in cases of over Rs 5 crore evasion, says FinMin
https://www.financialexpress.com/economy/gst-offenders-beware-taxmen-can-launch-prosecution-in-cases-of-over-rs-5-crore-evasion-says-finmin/2652877/ Shared by Financial Express android app. Click here to download https://financialexpress.page.link/Xpu7rjqLoJZ86GCh7
Notices issued to wrong Email address – HC set-aside Assessment order
Clipped from: https://taxguru.in/income-tax/notices-issued-wrong-email-address-hc-set-aside-assessment-order.html Nita Roy Vs Union of India (Calcutta High Court) The petitioner by way of filing this writ petition challenged the assessment order, demand
Read: TAX TALK: GST on guest house rent may impact staff perks
https://www.financialexpress.com/money/tax-talk-gst-on-guest-house-rent-may-impact-staff-perks/2641578/ Shared by Financial Express android app. Click here to download https://financialexpress.page.link/z6xYJMWgjrLbhWMW9
The GST regime is at a crossroads
The GST regime is at a crossroads : https://www.thehindubusinessline.com/opinion/the-gst-regime-is-at-a-crossroads/article65798626.ece
CBDT instructs officers to verify database before pulling up taxpayers
CBDT instructs officers to verify database before pulling up taxpayers: https://www.thehindubusinessline.com/economy/cbdt-instructs-officers-to-verify-database-before-pulling-up-taxpayers/article65801439.ece
Govt contract winners must share all details for GST assessment: SC
Govt contract winners must share all details for GST assessment: SC https://economictimes.indiatimes.com/news/economy/finance/govt-contract-winners-must-share-all-details-for-gst-assessment-sc/articleshow/93739454.cms Download Economic Times App to stay updated with Business News – https://etapp.onelink.me/tOvY/135dde21
Two members of the RBI’s rate-setting panel flag GST hike as upside risk to inflation
Two members of the RBI’s rate-setting panel flag GST hike as upside risk to inflation https://economictimes.indiatimes.com/news/economy/indicators/two-members-of-the-rbis-rate-setting-panel-flag-gst-hike-as-upside-risk-to-inflation/articleshow/93674951.cms Download Economic Times App to stay updated with Business
CBIC raises the threshold for prosecution, arrest in case of smuggling and duty evasion
CBIC raises the threshold for prosecution, arrest in case of smuggling and duty evasion: https://www.thehindubusinessline.com/economy/cbic-upped-the-threshold-for-prosecution-arrest-in-case-of-smuggling-and-duty-evasion/article65779300.ece
More GST rate changes likely to address inverted duty, exemptions – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/more-gst-rate-changes-likely-to-address-inverted-duty-exemptions/articleshow/93579401.cms Synopsis Inverted duty refers to structures where the rate of tax on inputs is more than the rate of tax on outward supplies,
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