Clipped from: https://www.business-standard.com/article/economy-policy/non-commercial-construction-in-education-institutions-to-draw-less-gst-122051300942_1.html Gujarat AAR ruled that such buildings would attract 12% GST, not 18% levied for other construction activities Construction of buildings, such as hostels, principal’s
Category: GST
Why homebuyers are likely to pay less GST on buying under-construction properties – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/why-homebuyers-are-likely-to-pay-less-gst-on-buying-under-construction-properties/articleshow/91514032.cms Synopsis The Gujarat High Court has stated that how developers/builders will calculate GST on undercontruction property. The recent judgement will benefit home buyers
*****Kerala, Mumbai HCs allow GST assesses to file belated returns for transitional credit – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/kerala-mumbai-hcs-allow-gst-assessesto-file-belated-returnsfor-transitional-credit/article65401247.ece Experts feel the GST Council should thrash out this issue in the next meeting The issue of transitional credit (TRAN Credit) under Goods
*****IAMAI urges govt not to hike GST on online skill-based gaming sector – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/economy/iamai-urges-govt-not-to-hike-gst-on-online-skill-based-gaming-sector/article65401724.ece | Photo Credit: mikkelwilliam Says increase in GST will adversely impact growth of this sunrise sector Leading industry body, Internet and Mobile Association of
*****GST’s next step — reforms: Good time to reduce slabs as tax mop-up is on an upswing | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/gsts-next-step-reforms-good-time-to-reduce-slabs-as-tax-mop-up-is-on-an-upswing/2510813/ Currently there are four main slabs—5%, 12%, 18% and 28%. One option, reportedly being proposed by the tax authorities, is to merge the
GoM for flat 28% GST on online gaming – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/gom-for-flat-28-gst-on-online-gaming/article65375882.ece Suggests same rate for casinos and horse racing, too; members to now deliberate on value for the levy A Group of Ministers has
*****Inflation, imports main reasons for record GST collections, says report | Business Standard News
lipped from: https://www.business-standard.com/article/economy-policy/inflation-imports-main-reasons-for-record-gst-collections-says-report-122050300027_1.html The ministry attributed the robust mop-up to its tightened compliance measures and a crackdown on GST evaders and fake bills Photo: Shutterstock The
*****BL Explainer: Complicated fuel taxation and the controversy around it – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/social-media/whatsapp-bans-over-18-lakh-indian-accounts-in-march/article65374988.ece WhatsApp banned over 1.8 million Indian accounts in March. Its latest User Safety Monthly Report, issued in accordance with the IT rules, said
Analytics, AI and stricter norms behind record GST collections – BusinessToday
Clipped from: https://www.businesstoday.in/latest/story/analytics-ai-and-stricter-norms-behind-record-gst-collections-experts-332092-2022-05-02 The trend is only expected to amplify further in the months ahead, experts say. Analytics, AI and stricter norms behind record GST collections
*****Raise GST rates, but not without reforms | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/raise-gst-rates-but-not-without-reforms-122042601442_1.html Avoid past mistakes and reduce the number of GST rate slabs along with rate increases The launch of the goods and services tax
No Service Tax can be levied on Liquidated Damages received under any Contract: CESTAT [Read Order]–TAXSCAN
Read More: https://www.taxscan.in/no-service-tax-can-be-levied-on-liquidated-damages-received-under-any-contract-cestat/170512/ Clipped from: https://www.taxscan.in/no-service-tax-can-be-levied-on-liquidated-damages-received-under-any-contract-cestat/170512/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Liquidated%20Damages Top Stories By Jwala K.P – On April 25, 2022 2:13 pm The Principal Bench of New Delhi Customs, Excise & Service Tax Appellate
GST detects Rs 10 cr cash, turnover of Rs 1,764 cr in toilet-sized office | Deccan Herald
Clipped from: https://www.deccanherald.com/business/business-news/gst-detects-rs-10-cr-cash-turnover-of-rs-1764-cr-in-toilet-sized-office-1103239.html Most of these places, including the tiny one raided, were not disclosed as place of business in the registration with the State GST
*GST requires major administrative reforms – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/opinion/gst-requires-major-administrative-reforms/article65338944.ece GST Need for administrative reforms | Photo Credit: indiaphotos A mere tweaking of tax rates or slabs will not be of much help.
Structural changes | Business Standard Editorials
lipped from: https://www.business-standard.com/article/opinion/structural-changes-122041801270_1.html GST system needs careful interventions Goods and services tax (GST) collection in March reached an all-time high of Rs 1.42 trillion. The collection
*GST on Lease/ Rent Payments: PIL in Supreme Court challenging Constitutional Validity–TAXSCAN
Clipped from: https://www.taxscan.in/gst-on-lease-rent-payments-pil-in-supreme-court-challenging-constitutional-validity/168916/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=GST%20on%20Leas Top Stories By Rasheela Basheer – On April 18, 2022 2:34 pm A plea has been filed before the Supreme Court challenging constitutional validity of levy
Profiteering provisions for realty projects – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-news/profiteering-provisions-for-realty-projects/article65325173.ece Gavel on the podium. Good copy space. | Photo Credit: Marilyn Nieves NAA says projects getting completion certificate post introduction of GST will
*Tax administration finally being cleaned up, being made more efficient | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/tax-administration-finally-being-cleaned-up-being-made-more-efficient-122040700351_1.html GST collections dropped below the Rs 1.2 trillion mark only once in the last six months. These are astounding statistics for a tax
Pizza toppings: Bringing science into GST!–TAXSCAN
Clipped from: https://www.taxscan.in/pizza-toppings-bringing-science-into-gst/166107/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Pizza Columns By Jigar Doshi & Nikita Maheshwari – On April 4, 2022 6:03 pm One item on the Italian cuisine that everybody is fond of is
Ready to Eat Popcorn Attracts 18% GST: AAR–TAXSCAN
Clipped from: https://www.taxscan.in/ready-to-eat-popcorn-attracts-18-gst-aar/166226/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=PopCorn Top Stories By Jwala K.P – On April 4, 2022 7:51 pm The Telangana State Authority for Advance Ruling ( AAR ) has held that ready-to-eat
*****Big Data can at times spell trouble for taxpayers | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/big-data-can-at-times-spell-trouble-for-taxpayers-122040300841_1.html The tax department’s initiatives would, in the normal course, have been welcomed by honest taxpayers, but implementation issues and the taxman’s misaligned views