Category: GST

Clipped from: https://www.business-standard.com/article/opinion/quicker-refunds-helping-exporters-in-gst-regime-122062700026_1.html Overall, the five years of GST have made life easier for exporters and importers, despite some rude shocks and unresolved issues Since the

Clipped from: https://www.business-standard.com/article/economy-policy/5-years-of-gst-msmes-say-recovery-of-input-tax-credit-still-a-struggle-122062600737_1.html This ground report from Agra captures the overall sentiment that GST credit is like working capital for an MSME and it is increasingly

lipped from: https://www.financialexpress.com/economy/indirect-tax-reforms-a-job-half-done-gst-underperforms-for-its-faulty-design-rate-hike-agenda-regressive/2573552/ Taxes continue to get paid on taxes. Economic travails have since forced the policymakers’ hands and deprived them of any headroom for course

Clipped from: https://www.business-standard.com/article/economy-policy/5-years-of-gst-profiteering-charges-leave-many-companies-perplexed-122062400801_1.html No structured guidelines for firms to avoid profiteering; standard method to compute undue profits, say experts The provisions in the Central GST Act

Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/msme-fin-can-modifications-in-gstr-3b-format-put-an-end-to-fake-invoicing-menace/2564584/ Credit and Finance for MSMEs: Although the GSTR-2B was introduced to provide insights to the taxpayers to claim eligible ITC alone, there is

Clipped from: https://timesofindia.indiatimes.com/city/mumbai/voluntary-payment-by-outgoing-soc-member-subject-to-gst-aar/articleshow/92070898.cms?utm_medium=referral&utm_campaign=iOSapp&utm_source=email Image used for representational purpose MUMBAI: It is not uncommon for co-operative housing societies (CHS) in Mumbai to seek transfer fees on sale

Clipped from: https://timesofindia.indiatimes.com/business/india-business/sale-of-second-hand-car-attracts-gst-at-18-on-price-differential/articleshow/91991233.cms?utm_medium=referral&utm_campaign=iOSapp&utm_source=email MUMBAI: Many companies which purchase assets such as cars, sell it after it has been used by either their executives or in the

Clipped from: https://www.financialexpress.com/money/gujarat-hcs-respite-to-real-estate-buyers-deemed-land-value-only-optional/2561184/ Recently, the Gujarat High Court passed an order in favor of the taxpayers while directing the refund of excess payment of GST to

Clipped from: https://www.thehindubusinessline.com/economy/any-amount-collected-periodically-by-rwa-that-exceeds-7500-will-attract-gst-tsaar/article65510123.ece ‘GST is not leviable on electricity and water charges collected from residents’ Any amount collected periodically, along with the monthly maintenance charges by

Clipped from: https://www.thehindubusinessline.com/economy/government-exploring-all-options-against-sc-rulings-related-with-igst-on-ocean-freight/article65510197.ece Ruling more known for court’s comment on GST Council The government is exploring all options including filing a review petition against the Supreme

Clipped from: https://economictimes.indiatimes.com/small-biz/gst/income-from-property-rented-out-gst-aar-makes-an-important-ruling/articleshow/92073684.cms Synopsis In its ruling, the AAR held that GST exemption is provided by the nature of the property and its usage and not

Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/resolve-gst-disputes-quickly-and-smartly/articleshow/92067343.cms Synopsis The GST Council has the power to make recommendations on tax rates and a wide range of GST-related subjects. The council’s decisions

Clipped from: https://www.business-standard.com/article/economy-policy/gom-may-suggest-pruning-gst-exemption-list-ahead-of-council-meeting-122060600007_1.html A meeting of the GST Council is expected this month or early next month. It may discuss the inverted duty structure, too The