Category: GST

Clipped from: https://taxguru.in/goods-and-service-tax/top-10-issues-faced-professionals-taxpayer-gst-2017.html Ambejogai Tax Practitioners Association Submitted a Representation to Hon’ble Union Minister of State Finance – Shri Dr. Bhagwat Karad on Top 10 Issues

Clipped from: https://www.business-standard.com/article/sme/sme-chatroom-igst-refund-rules-for-exports-by-eous-need-to-be-reviewed-121101800629_1.html Business Standard brings you the fortnightly Q&A on SMEs Q. We are an EOU, exporting our goods through Chennai Customs. We pay IGST

Clipped from: https://www.thehindubusinessline.com/news/supplier-can-only-seek-advance-ruling-under-gst-rules-maar/article37126122.ece Matter deals with Novartis selling trademarks to USV Entities looking to seek advance ruling for Goods & Services Tax (GST) can take guidance

Clipped from: https://www.thehindubusinessline.com/companies/sc-bars-bharti-airtel-from-rectifying-return-for-923-cr-gst-refund/article37207928.ece Sets aside Delhi High Court order The Supreme Court on Thursday disallowed Bharti Airtel from seeking ₹923 crore in GST refund by rectifying

Clipped from: https://www.business-standard.com/article/opinion/work-in-progress-121102701972_1.html GST must be reformed to achieve its potential The goods and services tax, as introduced four years ago, was necessarily imperfect. This was

Clipped from: https://economictimes.indiatimes.com/news/economy/policy/well-wellness-centres-too-are-under-gst-net/articleshow/87048351.cmsSynopsis In what is set to increase the goods and services tax (GST) burden at several healthcare centres, a recent verdict by the Authority

Clipped from: https://economictimes.indiatimes.com/news/economy/finance/gstn-blocks-rs-14000-crore-input-tax-credits-of-66000-taxpayers/articleshow/86965100.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Department has power to block the ITC available in the electronic credit ledger of a taxpayer if tax officer has “reasons to believe”

Clipped from: https://www.financialexpress.com/opinion/gst-breaking-the-tyranny-of-status-quo/2345997/ Rationalise rates, include petroleum products Besides complicating the tax, it has created anomalies in terms of inverted duty structure on a number of

Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/what-india-could-gain-from-fuel-under-gst-and-what-it-could-lose/articleshow/86819337.cmsSynopsis India consumes about 2,639 crore litres of petrol and 9,306 litres of diesel annually. Any reduction in taxation shall significantly dent total revenues.

Clipped from: https://www.deccanherald.com/business/economy-business/ice-cream-parlours-to-attract-18-gst-cbic-1038038.html With regard to ice cream parlours, the CBIC said such places sell already manufactured ice cream and do not have the character of

Clipped from: https://economictimes.indiatimes.com/small-biz/gst/tipping-point-new-gst-rules-to-complicate-tax-on-tips-surge-fees-or-extra-delivery-charges-for-swiggy-and-zomato/articleshow/86772965.cmsSynopsis As of now, these companies pay GST only on the amount they charge over and above the cost of food. Going ahead however

Clipped from: https://www.thehindubusinessline.com/economy/gstn-to-periodically-check-monthly-return-filing-compliance-for-e-way-bill-blocking/article36839371.ece Bid to curb tax evasion In an effort to curb evasion, GST Network (the information technology backbone of indirect tax) has said that