Category: GST

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

Clipped from: https://www.business-standard.com/article/economy-policy/refund-interest-paid-on-ineligible-input-tax-credit-says-industry-121100600081_1.html The levy of interest on availed but unutilised input tax credit is a subject of significant disputes in GST since its implementation Photo:

Clipped from: https://economictimes.indiatimes.com/news/economy/policy/tipping-point-new-gst-rules-to-complicate-tax-on-tips-surge-fees-or-extra-delivery-charges-for-swiggy-and-zomato/articleshow/86772002.cmsSynopsis Both the companies in the past one week have also reached out to their tax advisors to seek clarity around this. This would

Clipped from: https://economictimes.indiatimes.com/industry/services/hotels-/-restaurants/restaurant-industry-wants-clarity-on-gst-on-swiggy-zomato/articleshow/86683003.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The GST Council has said that food delivery platforms such as Swiggy and Zomato should cough up 5% GST, just like restaurants. The restaurant

Clipped from: https://www.thehindu.com/news/national/explained-why-did-gst-council-refuse-to-bring-petrol-diesel-under-its-ambit/article36605404.ece Petrol and diesel bring in huge revenues to both the Centre and the State governments. Fuel taxes were projected to contribute almost ₹6

Clipped from: https://taxguru.in/goods-and-service-tax/summary-4-recent-gst-circulars-issued-20th-25th-sep-2021.html The much awaited 45th meeting of the GST Council was held on 17th September, 2021 in physical mode at Lucknow, an important state capital going

Clipped from: https://www.deccanherald.com/city/tax-case-witness-to-fake-gst-officer-how-man-took-truck-owners-for-a-ride-1035678.html Rajajinagar resident Channappa alias Chandre Gowda was arrested by the Central Crime Branch following a complaint from a transport company owner Credit: iStock Images

Clipped from: https://timesofindia.indiatimes.com/blogs/toi-editorials/the-case-for-a-fuel-tax-cut/Quick Edit TOI Quick Edits are written by a team of seasoned journalists from the Times of India’s Edit Page and TOI-Online who respond

Clipped from: https://economictimes.indiatimes.com/small-biz/gst/ministerial-panels-set-up-to-review-gst-exempt-list-identify-evasion-sources/articleshow/86550973.cmsSynopsis The 7-member panel, which would submit a report in two months, would be headed by Karnataka Chief Minister Basavaraj Bommai and include West

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