Category: GST

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

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

lipped from: https://economictimes.indiatimes.com/news/economy/policy/amit-mitra-seeks-gst-council-meet-to-scrap-tax-hike-in-textile/articleshow/88481278.cmsSynopsis The union government had notified to increase the tax on natural fibre products from 5% to 12%, including apparels in the lower tax

Clipped from: https://www.thehindubusinessline.com/news/national/input-tax-credit-for-gst-assesses-only-up-to-invoices-matched-from-january-1/article38019855.ece Finmin notifies date after provision made in Union Budget Finance Ministry has notified January 1, 2022, as the date for norms making 100

Clipped from: https://indianexpress.com/article/explained/new-gst-provisions-to-come-into-effect-from-jan-1-concerns-around-them-7687103/ 🔴 So far, show cause notices were issued first and then the recovery process initiated in cases of mismatch in GSTR-1 and GSTR-3B.

Clipped from: https://www.business-standard.com/article/economy-policy/new-provision-from-jan-1-gst-officials-to-make-surprise-recovery-visits-121122300046_1.html Those with an annual turnover of up to Rs 5 crore can file quarterly returns, if they choose so Illustration: Ajay Mohanty Come

lipped from: https://www.financialexpress.com/economy/taxmen-can-directly-initiate-recovery-for-mismatch-in-sales-in-gstr-1-3b/2387343/ Under the goods and services tax law, so far, show cause notices were first issued and then recovery process was initiated in such