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
Category: GST
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,
GST: Kerala introduces ‘Lucky Bill App’ to Curb Tax Evasion
Clipped from: https://www.taxscan.in/gst-kerala-introduces-lucky-bill-app-to-curb-tax-evasion/199612/ Top Stories By Taxscan Team – On August 13, 2022 3:24 pm With an aim to curb tax evasion, the Kerala Government has launched a mobile app allowing
Read: Taking house on rent? Will you have to pay 18% GST? Govt clarifies
https://www.financialexpress.com/money/taking-house-on-rent-will-you-have-to-pay-18-gst-govt-clarifies/2627487/ Shared by Financial Express android app. Click here to download https://financialexpress.page.link/eqwDLtV5W855kCGp6
CAG plans to fix GST holes and loopholes
CAG plans to fix GST holes and loopholes https://economictimes.indiatimes.com/opinion/et-editorial/cag-plans-to-fix-gst-holes-and-loopholes/articleshow/93486478.cms Download Economic Times App to stay updated with Business News – https://etapp.onelink.me/tOvY/135dde21
Complete verification of GST transitional credit claims, C&AG tells CBIC
Complete verification of GST transitional credit claims, C&AG tells CBIC: https://www.thehindubusinessline.com/economy/complete-verification-of-gst-transitional-credit-claims-cag-tells-cbic/article65746466.ece
Still half baked — the bread vs rusk tax case
Still half baked — the bread vs rusk tax case: https://www.thehindubusinessline.com/news/variety/still-half-baked-the-bread-vs-rusk-tax-case/article65746718.ece
Read: Address the GST challenges
https://www.financialexpress.com/opinion/address-the-gst-challenges/2620972/ Shared by Financial Express android app. Click here to download https://financialexpress.page.link/hCWtERtM4YazEmiKA
Read: CAG asks CBIC to complete verification of GST transitional credit claims
https://www.financialexpress.com/economy/cag-asks-cbic-to-complete-verification-of-gst-transitional-credit-claims/2622227/ Shared by Financial Express android app. Click here to download https://financialexpress.page.link/Ymo6SyXVExo6GYh27
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