Category: GST

Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-news/gst-mop-up-hits-all-time-high-of-rs-142-lakh-crore-in-march/article65283009.ece The previous record collection was Rs. 1.40-lakh crin January this year The Finance Ministry on Friday reported an all-time high collections through Goods

lipped from: https://economictimes.indiatimes.com/small-biz/gst/framework-for-gst-summons-in-works/articleshow/90534665.cms Synopsis There has been a surge in summons to top management of companies by GST authorities requiring CFOs or CXOs to be mandatorily

Clipped from: https://www.thehindubusinessline.com/opinion/input-tax-credit-the-company-one-keeps-the-credit-one-reaps/article65273867.ece Tax wrangles | Photo Credit: xpoint Buyers cannot avail ITC unless sellers are compliant. Now, buyers have to pick their vendors well if

Clipped from: https://economictimes.indiatimes.com/small-biz/gst/why-gst-needs-administrative-overhaul-instead-of-rate-changes/articleshow/90454356.cms Synopsis In order to win the confidence of the taxpayers, the administration needs to work efficiently as a facilitator rather than just being

Clipped from: https://www.taxscan.in/cbic-issues-sop-for-scrutiny-of-gst-returns-for-fy-2017-18-and-2018-19/163269/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=GST%20Returns Top Stories By Rasheela Basheer – On March 23, 2022 9:07 am The Central Board of Indirect Taxes and Customs (CBIC) has issued a standard operating procedure (SoP) for the

Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/optimising-gst-to-make-it-deliver/articleshow/90361307.cms Synopsis The move towards a revenue-neutral rate is overdue and the collection forgone because of external events exerting a pressure on prices will

lipped from: https://economictimes.indiatimes.com/news/economy/policy/govt-working-on-classification-of-cryptocurrency-under-gst-law/articleshow/90333798.cms Synopsis GST officers are of the view that cryptos, by nature, are similar to lottery, casinos, betting, gambling, horse racing, which have 28

Read More: https://www.taxscan.in/gst-requirement-for-pre-scn-aims-at-reducing-litigation-natural-justice-principles-must-be-followed-says-allahabad-hc/161486/ Clipped from: https://www.taxscan.in/gst-requirement-for-pre-scn-aims-at-reducing-litigation-natural-justice-principles-must-be-followed-says-allahabad-hc/161486/ Top Stories By Taxscan Team – On March 17, 2022 11:10 am A division bench of the Allahabad High Court has observed that the

Clipped from: https://www.business-standard.com/article/opinion/taxing-pizzas-ice-cream-or-vehicles-gst-is-neither-good-nor-simple-122031700159_1.html Separate state-wise Appellate Authority for Advance Ruling don’t serve a useful purpose: there is a need for a national one. It can happen

Clipped from: https://economictimes.indiatimes.com/news/economy/policy/pizza-topping-is-not-pizza-so-will-attract-a-higher-gst-levy/articleshow/90210450.cms Synopsis GST rates on pizzas differ on the basis of how they are prepared and sold. A pizza sold and eaten within a

Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-opinion/fake-invoice-headache/article65212711.ece BharatPe episode has brought this to the fore You can never run out of things that can go wrong” — Murphy’s law. The

Clipped from: https://www.business-standard.com/article/opinion/addressing-uncertainty-122031001653_1.html Necessary changes in GST must be made in time The completion of five years of goods and services tax (GST) in a few months will

Read More: https://www.taxscan.in/relief-to-swiggy-karnataka-high-court-orders-gst-refund-of-rs-27-cr-illegally-collected/159819/ Clipped from: https://www.taxscan.in/relief-to-swiggy-karnataka-high-court-orders-gst-refund-of-rs-27-cr-illegally-collected/159819/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=swiggy Top Stories By Rasheela Basheer – On March 11, 2022 12:02 pm A division bench of the Karnataka High Court has ordered the GST

Clipped from: https://www.taxscan.in/gst-provisional-attachment-bombay-hc-directs-commissioner-to-furnish-certified-copy-of-reasons-as-per-cbic-circular/159716/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=GST%20Provi Top Stories By Rasheela Basheer – On March 10, 2022 7:40 pm A division bench of the Bombay High Court, while considering a petition by Originative