Category: GST

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

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

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

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

Clipped from: https://www.financialexpress.com/economy/over-40000-gst-returns-for-2018-19-under-scrutiny/2601998/ The central tax authorities have booked thousands of cases involving fake ITC of over Rs 50,000 crore in the past one-and-half year. While

Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/no-need-to-distort-the-gst-package/articleshow/93012976.cms Synopsis GST allows manufacturers to claim credit for the taxes paid on inputs and creates audit trails in the income and production chain.

Clipped from: https://www.business-standard.com/article/economy-policy/gst-understanding-how-the-rules-around-tax-on-rent-will-apply-to-tenants-122072100921_1.html Businesses with a turnover of less than Rs 40 lakh per annum and salaried individuals are not required to pay the GST on

Clipped from: https://www.thehindubusinessline.com/news/a-lot-needs-to-be-done-about-gst-ahluwalia/article65667352.ece Chief of Bureau The Hindu Business Line (Hyderabad) Richa Mishra along with her daughters presenting a memento to former deputy chairman of the

Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/no-need-to-distort-the-gst-package/articleshow/93012976.cms Synopsis GST allows manufacturers to claim credit for the taxes paid on inputs and creates audit trails in the income and production chain.

Clipped from: https://www.business-standard.com/article/economy-policy/renting-apartment-get-costlier-for-companies-with-new-gst-rates-in-effect-122072000598_1.html The rent of apartments for top executives will attract an 18 per cent Goods and Services Tax (GST) As the revised rates of GST after

Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-cait-to-states-withdraw-5-gst-on-unbranded-food-items/2600745/ Ease of Doing Business for MSMEs: According to CAIT, 85 per cent of the country’s population buy unbranded items and hence, the decision

Clipped from: https://economictimes.indiatimes.com/industry/cons-products/fmcg/companies-make-over-25-kg-packs-to-avoid-5-gst/articleshow/92989805.cms Synopsis The CBIC on Sunday clarified that pre-packaged food items weighing more than 25 kg in a single packet would be exempted from

Clipped from: https://economictimes.indiatimes.com/news/economy/policy/fm-nirmala-sitharaman-clarifies-on-gst-rates-on-certain-items-says-decision-taken-to-curb-tax-leakage/articleshow/92979224.cms Synopsis Finance Minister Nirmala Sitharaman on Tuesday took to Twitter to clarify the decisions taken by the GST Council in its 47th meeting.