Category: GST

Clipped from: https://www.financialexpress.com/economy/gst-daily-e-way-bill-generation-gains-pace/2339124/ The daily average for the first 26 days of September was 21.86 lakh, 3% higher than the daily average of 21.26 lakh for

Clipped from: https://www.business-standard.com/article/economy-policy/govt-not-to-hit-market-for-gst-shortfall-keeps-borrowing-plan-unchanged-121092701285_1.htmlAfter its February budget announcement of Rs 12.05 trillion of gross market borrowing, in May the government had said it might have to borrow

Clipped from: https://www.thehindu.com/opinion/editorial/a-time-to-introspect-the-hindu-editorial-on-centre-state-dialogue-and-gst/article36619857.ece More Centre-State deliberations needed with GST regime at a critical turning point At its first physical meeting during the pandemic, the GST Council approved

Clipped from: https://www.financialexpress.com/economy/ministerial-panels-set-up-to-review-gst-exempt-list-identify-evasion-sources/2338697/ The Group of Ministers (GoM) on rate rationalisation would also review inverted duty structure, recommend rationalisation measures, including merger of tax rate slabs.

Clipped from: https://economictimes.indiatimes.com/news/economy/policy/cbic-makes-aadhaar-authentication-of-taxpayers-mandatory-for-claiming-gst-refund/articleshow/86509286.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The notification states that from January 1, 2022, businesses who have defaulted in filing summary return and paying monthly GST will not be

Clipped from: https://economictimes.indiatimes.com/small-biz/gst/gst-not-all-intermediaries-out-of-the-woods-will-continue-legal-tussle-against-government/articleshow/86502773.cmsSynopsis These intermediaries say that they have been left out of the recent clarification by the government and that they will continue their legal

Clipped from: https://www.thehindu.com/opinion/editorial/a-time-to-introspect-the-hindu-editorial-on-centre-state-dialogue-and-gst/article36619857.ece More Centre-State deliberations needed with GST regime at a critical turning point At its first physical meeting during the pandemic, the GST Council approved

Clipped from: https://www.thehindubusinessline.com/opinion/editorial/the-anti-profiteering-authority-has-served-its-purpose-and-shouldnt-be-given-extensions/article36655126.ece?homepage=true Now that the ecosystem has adapted to GST, the NAA can be eased out   –  KVS Giri Now that the ecosystem has adapted

Clipped from: https://www.thehindubusinessline.com/economy/policy/stricter-regime-for-non-filers-of-gst-returns-tarun-bajaj/article36655912.ece Revenue Secretary says there will be more checks from January, compliance is a must Revenue Secretary Tarun Bajaj said the new income tax

Clipped from: https://economictimes.indiatimes.com/small-biz/gst/cbic-asks-taxmen-to-complete-gst-evasion-investigations-within-a-year/articleshow/86477095.cmsSynopsis The CBIC observed if the issuance of SCNs is pushed to close proximity of the end dates/last dates, it may leave very little

GST investigation wing directs field units to take quick action in pending cases, issue show cause notices where needed – The Economic Times https://economictimes.indiatimes.com/small-biz/gst/gst-investigation-wing-directs-field-units-to-take-quick-action-in-pending-cases-issue-show-cause-notices-where-needed/articleshow/86472488.cmsThe wing,

Clipped from: https://taxguru.in/goods-and-service-tax/detailed-analysis-45th-gst-council-meeting-proposals.html Detailed Analysis of Proposals made by GST Council vide 45th GST Council Meeting 1.0 Background of 45th GST Council Meeting: The GST Council inorder

Clipped from: https://taxguru.in/goods-and-service-tax/recommendations-45th-gst-council-meeting.html Arjuna (Fictional Character): Krishna, GST Council held its 45th GST Council Meeting at Lucknow on 17th September 2021. What are the recommendations by GST Council

Clipped from: https://www.thehindubusinessline.com/news/national/anti-profiteering-body-gets-1-year-extension/article36554082.ece?homepage=true Tax Dept exploring option of transferring pending and future cases to the CCI The GST Council has decided to extend the tenure of

Clipped from: https://www.financialexpress.com/industry/gst-clarifications-to-benefit-it-industry/2334962/ The IT industry will also benefit from another clarification that GST refunds could be claimed by exporters when exporting services to their parent

Clipped from: https://www.business-standard.com/article/economy-policy/come-jan-1-non-filers-of-monthly-gst-return-to-be-barred-from-filing-gstr-1-121091800375_1.html Businesses that default on filing summary return and paying monthly GST will not be able to file GSTR-1 sales return of the succeeding

Clipped from: https://www.business-standard.com/article/opinion/structural-changes-in-gst-121091900947_1.html Correction to revenue-neutral rate must not be delayed The Goods and Services Tax (GST) Council’s 45th meeting in Lucknow last week took several important decisions