Category: GST

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

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

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

Clipped from: https://economictimes.indiatimes.com/industry/services/hotels-/-restaurants/fast-food-chain-subway-drags-taxman-to-court-over-gst-on-intellectual-property-rights/articleshow/87887300.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The American fast food chain told the court that the taxman kept issuing summons without following due process American fast food chain Subway has dragged

Clipped from: https://www.financialexpress.com/opinion/a-rate-cushion-for-compensation-expiry/2375462/ GoM likely to propose GST rate-hikes that prop up states’ finances; processes, too, must be made simpler There is every possibility, therefore, the

Clipped from: https://economictimes.indiatimes.com/small-biz/gst/retailers-association-of-india-urges-govt-to-reconsider-proposed-gst-rate-hike-on-textiles-apparels/articleshow/87880680.cmsSynopsis RAI asked “the central and state governments and GST Council to reconsider its decision to prevent a complete collapse of the sector and

Clipped from: https://www.business-standard.com/article/economy-policy/industry-divided-over-12-uniform-gst-rate-on-apparel-and-footwear-121112100765_1.html Large manufacturers and retailers are mostly happy as move addresses issue of inverted duty structure; some others see it as hurting small units,

Clipped from: https://economictimes.indiatimes.com/news/economy/finance/gst-could-see-major-overhaul-reducing-tax-slabs-pruning-exempt-list-on-table/articleshow/87809543.cmsSynopsis The new regime may have just three major tax rates covering most of the items against four now – 5%, 12%, 18% and

Clipped from: https://economictimes.indiatimes.com/news/economy/finance/cbic-notifies-rate-changes-for-apparel-footwear-and-textiles-from-jan-1-2022/articleshow/87801158.cmsSynopsis GST Council in its meeting in September had decided to correct inverted duty structure on footwear and textiles, which it said will come

Clipped from: https://www.thehindubusinessline.com/economy/cbic-clears-the-air-on-gst-refund-issues/article37563440.ece CBIC has issued a circular clarifying the limitation period for excess cash lying in Electronic Cash Ledger The Central Board of Indirect Taxes