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
Category: GST
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
CAG highlights irregularities in gems & jewellery sector with underlying risk of tax evasion
CAG highlights irregularities in gems & jewellery sector with underlying risk of tax evasion https://economictimes.indiatimes.com/industry/cons-products/fashion-/-cosmetics-/-jewellery/cag-highlights-irregularities-in-gems-jewellery-sector-with-underlying-risk-of-tax-evasion/articleshow/93433856.cms Download Economic Times App to stay updated with Business News
Input tax credit system needs automation – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/input-tax-credit-system-needs-automation/article65695096.ece A seamless, system-driven structure that does not rely on human intervention will usher in a fraud-free and future-ready GST The input tax credit
VS Krishnan writes: GST 2.0 — Next stage of reform in the tax regime requires creating federal institutions–INDIAN EXPRESS
Clipped from: https://indianexpress.com/article/opinion/columns/gst-2-0-next-stage-of-reform-in-the-tax-regime-requires-creating-federal-institutions-8029959/ VS Krishnan writes: It can bring together senior officers from the Centre and states in an institutional forum registered under the Society Act.
Behind the fuss about GST on essential items: Two sides of the same coin – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/behind-the-fuss-about-gst-on-essential-items-two-sides-of-the-same-coin/articleshow/93128998.cms Synopsis The levy of GST on essential items such as pulses, cereals, and rice has led to an uproar that it’ll lead to
Only GST-registered tenants face 18% tax on rent paid, say experts | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/only-gst-registered-tenants-face-18-tax-on-rental-homes-experts-122072501164_1.html One common query is what happens when a person not registered under GST rents a residential property to a person registered under GST
GST to be ‘marginal’ on dairy & agro products: Finance Ministry – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-economy/gst-to-be-marginal-on-dairy-agro-products-finance-ministry/article65681633.ece No GST on fresh, pasteurised milk Finance Ministry has said that the net impact of GST on various dairy and agro products would
Widening the net – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/extending-gst-to-all-packaged-food-items-makes-sense-but-there-could-arise-serious-implementation-issues/article65670874.ece Extending GST to all packaged food items makes sense, but there could arise serious implementation issues The move — following the 47 th GST Council
Widening the net – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/extending-gst-to-all-packaged-food-items-makes-sense-but-there-could-arise-serious-implementation-issues/article65670874.ece Extending GST to all packaged food items makes sense, but there could arise serious implementation issues The move — following the 47 th GST Council
GST on pre-packed food items: Firms not passing on ITC may face profiteering charges – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-news/gst-on-pre-packed-food-items-firms-not-passing-on-itc-may-face-profiteering-charges/article65668305.ece Post 5% levy, many companies have raised prices tothe same extent Companies not passing on the benefit of Input Tax Credit (ITC) on
States backed removal of GST exemptions: Revenue Secretary Tarun Bajaj – The Economic Times
lipped from: https://economictimes.indiatimes.com/news/economy/policy/states-backed-removal-of-gst-exemptions-revenue-secretary-tarun-bajaj/articleshow/93061563.cms Synopsis Revenue Secretary Tarun Bajaj told ET that the tax revenue growth was robust and the government should be able to meet its
Removing GST bottlenecks and turbocharging MSMEs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/view-removing-bottlenecks-and-turbocharging-msmes/articleshow/93037259.cms Synopsis A 2021 Small Industries Development Bank of India (Sidbi) survey showed that about 67% of MSMEs were closed for three months during
SC to Govt: Open the GST for 60 days from Sept 1 to Oct 31 to settle all claims – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/sc-to-government-open-common-portal-from-sept-1-to-oct-31-for-filing-of-transitional-credit-claim-under-gst/article65671605.ece Order to benefit assessees unable to transition unutilised credit of the pre-GST regime The Supreme Court on Friday directed the Government to open
Companies not passing on benefit of ITC on pre-packed dairy, food products could face profiteering charges – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/economy/companies-not-passing-on-benefit-of-itc-on-pre-packed-dairy-food-products-could-face-charge-of-profiteering/article65666365.ece The general opinion is that the price need not go up by a flat 5 per cent New Delhi, July Companies not passing
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