Category: GST

Clipped from: https://economictimes.indiatimes.com/news/economy/policy/food-aggregators-like-swiggy-and-zomato-to-collect-5-gst-beginning-jan-1/articleshow/88630235.cmsSynopsis Currently, restaurants registered under GST are collecting and depositing the tax. Also, cab aggregators like Uber and Ola will have to collect 5

Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-news/article38084354.ece States are seeking an extension of GST compensation for five more years. Here’s why. What is GST compensation? The introduction of the Goods

Clipped from: https://economictimes.indiatimes.com/tech/tech-bytes/wazirx-under-tax-lens-gst-department-says-crypto-exchange-evaded-rs-40-5-crore-in-taxes/articleshow/88608909.cmsSynopsis Late on Thursday evening, the tax department recovered Rs 49.2 crore from the company – the GST owed plus interest and penalties. Mumbai: The

Clipped from: https://www.thehindubusinessline.com/economy/relook-at-inverted-duty-structure-for-textiles-the-main-agenda/article38073800.ece A major bone of contention has been the proposed hike in rate for textiles from 5 per cent to 12 per cent with

Clipped from: https://www.thehindubusinessline.com/markets/why-sebis-new-ipo-norms-could-work-in-the-longer-run/article38069325.ece The markets regulator has decided to tighten norms to ensure that there is no mis-use of the funds Why has Sebi tightened the

Clipped from: https://www.thehindubusinessline.com/news/national/recovery-to-be-made-of-only-unpaid-self-assessed-gst-liability-says-cbic/article38070091.ece Government considering ‘suitable’ guidelines for implementation of such provisions Unpaid tax on self-declared supplies by a GST assesee will be considered as admitted

Clipped from: https://www.business-standard.com/article/economy-policy/gst-council-to-discuss-inverted-duty-structure-amid-demands-of-rollback-121123000550_1.html Former West Bengal Finance Minister Amit Mitra and Telangana Industries Minister K T Rama Rao had earlier urged the Centre to roll back

Clipped from: https://www.business-standard.com/article/current-affairs/tax-liabilities-of-perfume-maker-peeyush-jain-yet-to-be-determined-dggi-121123000718_1.html DGGI said the entire recoveries are kept in the safe custody of State Bank of India pending further investigation Peeyush Jain The GST office on

Clipped from: https://www.business-standard.com/article/economy-policy/not-like-children-s-books-learning-kit-books-to-attract-gst-aar-121123100038_1.html The AAR agreed at the outset the kit box/book should be covered under heading 4903 Books in general draw no GST This may

Clipped from: https://www.business-standard.com/article/economy-policy/govt-extends-fy-21-gst-annual-return-filing-deadline-till-feb-28-121122901543_1.html GSTR 9 is an annual return to be filed yearly by taxpayers registered under the Goods and Services Tax (GST) The government on

Clipped from: https://www.thehindubusinessline.com/economy/finmin-notifies-revised-hsn-for-gst-purpose/article38064686.ece New Harmonised System of Nomenclature will be applicable on various food, non-food items The Finance Ministry has notified new HSN (Harmonised System of

Clipped from: https://www.business-standard.com/article/economy-policy/govt-says-gstn-portal-working-fine-as-tax-consultants-list-glitches-121122801176_1.html Industry associations seek extension of deadline to file annual returns. Illustration: Ajay Mohanty The government on Tuesday said the GSTN portal is working well as tax consultants

Clipped from: https://www.thehindubusinessline.com/opinion/whats-in-a-club/article38057564.ece Whether it renders a taxable service, a point of debate A unique feature of indirect tax laws is that they impact small service

Clipped from: https://economictimes.indiatimes.com/news/how-to/gst-hike-from-january-1-how-hard-will-the-changes-hit-textile-handloom-industry/articleshow/88536115.cmsSynopsis This tax increase will aid the Centre, which is experiencing a revenue shortage as a result of recent fuel duty cuts, by stabilising

Clipped from: https://economictimes.indiatimes.com/news/economy/policy/host-of-changes-in-gst-law-to-come-into-effect-from-jan-1/articleshow/88502885.cmsSynopsis The GST regime will see a host of tax rate and procedural changes coming into effect from January 1, including liability on e-commerce

Clipped from: https://www.financialexpress.com/economy/host-of-changes-in-gst-law-to-come-into-effect-from-jan-1/2390021/ Currently, the law restricts filing of return for outward supplies or GSTR-1 in case a business fails to file GSTR-3B of preceding two

Clipped from: https://www.deccanherald.com/business/business-news/gst-hiked-on-clothes-footwear-costing-below-rs-1000-1064926.html Experts have opposed the move saying it would impact demand in an already consumption-hit economy and also raise inflationary pressures Representative picture of

Clipped from: https://www.business-standard.com/article/opinion/avoid-policy-adventurism-121122700016_1.html New provisions will hurt the GST system Goods and services tax (GST), one of the biggest reforms in recent decades, will complete five years

Clipped from: https://www.thehindubusinessline.com/economy/policy/changes-in-gst-law-that-will-come-into-effect-from-january-1-2022/article38041688.ece A representative image   –  Getty Images/iStockphoto A representative image   –  Getty Images/iStockphoto× There would be no extra tax burden on the end consumer