Clipped from: https://www.thehindubusinessline.com/economy/gst-cuts-do-not-always-benefit-consumers-kerala-govt-study/article37873925.ece Citing the prices of about 20 goods, the study says that they have become costlier even after reduction in GST rates – istock.com/Nisha
Category: GST
E-way bill generation drops to lowest in 5 months in November – The Financial Express
lipped from: https://www.financialexpress.com/economy/november-e-way-bills-lowest-in-five-months/2383349/ The daily e-way generation was 20.38 lakh in November, down 14% on month compared with 23.71 lakh in October. However, the daily e-way
A GST roadmap – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/a-gst-roadmap/article37810336.ece GST collections will improve with rate rationalisation and a broader tax base The November GST collections at ₹1.31-lakh crore are no doubt comforting;
CBIC clarifies on Import of Sajji Khar/ Pappad Khar–TAXGURU.IN
lipped from: https://taxguru.in/custom-duty/cbic-clarifies-import-sajji-khar-pappad-khar.html?utm_source=feedburner&utm_medium=email Instruction No. 26/2021-Customs F.No. 401/85/2021-Cus-IIIGovernment of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Indirect Taxes & Customs) North Block, New DelhiDated 1st December,
A GST roadmap – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/a-gst-roadmap/article37810336.ece GST collections will improve with rate rationalisation and a broader tax base The November GST collections at ₹1.31-lakh crore are no doubt comforting;
Summon And Statement Under GST Act, 2017–TAXGURU.IN
Clipped from: https://taxguru.in/goods-and-service-tax/summon-statement-gst-act-2017.html?utm_source=feedburner&utm_medium=email Summons can be defined as a legal document which is served upon a person directing to appear to answer the claims surfaced against
GST Council must realise that lower rates lead to better compliance | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/india-s-gst-council-must-realise-that-lower-rates-lead-to-better-compliance-121112900352_1.html The finance minister, as the Council’s Chairperson, must convince states to bring more items down from the 18 percent and 28 percent slabs.
Kerala HC dissatisfied with reasons for not including petroleum products under GST – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/kerala-hc-dissatisfied-with-reasons-for-not-including-petroleum-products-under-gst/article37790616.ece Directs the Central Board of Direct Taxes and Customs to file a detailed statement after considering the court’s observations A Division Bench of
GST rates and manufacturing growth | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/gst-rates-and-manufacturing-growth-121120101774_1.html The capital goods component is especially important now in view of the mandated guidelines for installation of pollution control equipment The government, with
GST Council must realise that lower rates lead to better compliance | Business Standard Column
lipped from: https://www.business-standard.com/article/opinion/india-s-gst-council-must-realise-that-lower-rates-lead-to-better-compliance-121112900352_1.html The finance minister, as the Council’s Chairperson, must convince states to bring more items down from the 18 percent and 28 percent slabs.
HC Quashed order Cancelling GST Registration without Opportunity of Hearing
Clipped from: https://taxguru.in/goods-and-service-tax/hc-quashed-order-cancelling-gst-registration-opportunity-hearing.html?utm_source=feedburner&utm_medium=email S.S. Traders Vs State of U.P (Allahabad High Court) In the considered view of this Court, the denial of opportunity of hearing to
A tough yarn for textiles: High input costs, GST expected to crimp margins | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/a-tough-yarn-for-textiles-high-input-costs-gst-expected-to-crimp-margins-121112901429_1.html From January to November, yarn prices reportedly increased from Rs 220 per kg to around Rs 350 At the heart of the problem
GST transitional credit: Time for another tweak? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-laws/gst-transitional-credit-time-for-another-tweak/article37741283.ece The multitude of circumstances and myriad ways in which the need for transition of credit would arise cannot be predicted and provided for
No section 11UA penalty if there is no case of duty short paid due to collusion, willful misstatement or suppression of facts
Clipped from: https://taxguru.in/custom-duty/section-11ua-penalty-case-duty-short-paid-due-collusion-willful-misstatement-suppression-facts.html?utm_source=feedburner&utm_medium=email So-Hum Trading Company Vs Commissioner of Customs (CESTAT Kolkata) We find that the Appellant was not availing any benefit in terms of the
GST registration proceedings cannot be kept pending for failure of assessee fails to reply within given time
Clipped from: https://taxguru.in/income-tax/gst-registration-proceedings-pending-assessee-fails-reply-time.html?utm_source=feedburner&utm_medium=email Avon Udhyog Vs State of Rajasthan (Rajasthan High Court) Suspension of a registration of an assessee has its own consequences – it brings
Suumaya Corporation drags GST authorities to court over their power to arrest – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/suumaya-corporation-drags-gst-authorities-to-court-over-their-power-to-arrest/articleshow/87944072.cmsSynopsis The company has challenged the constitutional validity of the tax department’s right to make arrests in cases where GST is exempt, as in
The rate reset: The Hindu Editorial on slashing GST slabs – The Hindu
Clipped from: https://www.thehindu.com/opinion/editorial/the-rate-reset-the-hindu-editorial-on-slashing-gst-slabs/article37711662.ece?homepage=true Slashing multiple GST slabs is essential, as is resisting frequent tinkering with rates Since its onset in 2017, the GST regime to subsume
Practical difficulties faced by taxpayers & professionals in GST
Clipped from: https://taxguru.in/goods-and-service-tax/practical-difficulties-faced-taxpayers-professionals-gst.html?utm_source=feedburner&utm_medium=email Article explains Practical difficulties faced by taxpayers and professionals in GST which includes Restriction on claiming ITC u/s 16 (4), GSTN portal doesn’t
Auto-rickshaw services provided through e-commerce platforms to attract 5% GST – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/auto-rickshaw-services-provided-through-e-commerce-platforms-to-attract-5-gst/articleshow/87933799.cmsSynopsis The Revenue Department under the Finance Ministry through a notification dated November 18 withdrew the GST exemption available to auto rickshaws providing passenger
‘Completely unjustifiable’ GST rate hike on apparel, textiles and footwear show the Govt has no easy choices – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/gst/completely-unjustifiable-gst-rate-hike-in-apparel-textiles-and-footwear-show-the-govt-has-no-easy-choices/articleshow/87923255.cmsSynopsis The Government wanted to correct a tax anomaly, but in the process the apparel, textiles and footwear sectors believe the move would lead
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