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
Category: GST
gst: Summoned by GST authorities? Know your duties and rights – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/gst/summoned-by-gst-authorities-know-your-duties-and-rights/articleshow/86282953.cmsSynopsis Taxpayers need to be conscious while making any statements before the GST officers as these can form the basis for issuing notices or
Next steps for GST Council | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/next-steps-for-gst-council-121091601596_1.html It should address issues with a longer-term view The Goods and Services Tax (GST) Council is meeting physically for the first time in 20 months
GST: Your carbonated fruit juice-based drink is all set to get costlier – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/gst/gst-your-carbonated-fruit-juice-based-drink-is-all-set-to-get-costlier/articleshow/86313956.cmsSynopsis The GST Council in its 45th meeting held in Lucknow has given a new dimension to the entire debate on what should be
Zomato, Swiggy to pay GST on restaurants’ behalf. Will your online food ordering bill rise? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/hotels-/-restaurants/zomato-swiggy-to-pay-gst-on-restaurants-behalf-will-your-online-food-ordering-bill-rise/articleshow/86311045.cmsSynopsis At present, restaurants charge 5% GST without input tax credit, on the supply of services including supply of food and beverages. Meanwhile, food
No GST on petrol, diesel yet, compensation cess till 2026 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/gst-council-no-gst-on-petrol-diesel-yet-compensation-cess-till-2026/articleshow/86301244.cmsSynopsis Finance minister Nirmala Sitharaman highlighted that the cess collected from July 2022 till March 2026 will be used solely for repayment of back-to-back
Swiggy, Zomato to collect 5% GST on deliveries, food not to get dearer – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/swiggy-zomato-to-collect-5-gst-on-deliveries-food-not-to-get-dearer/articleshow/86299971.cmsSynopsis Food delivery apps will now be required to collect 5% GST from consumers instead of the restaurant they pick up orders from, Sitharaman
GST on food aggregators aimed at improving compliance in sector – The Financial Express
Clipped from: https://www.financialexpress.com/economy/gst-on-food-aggregators-aimed-at-improving-compliance-in-sector/2330977/ “Given the magnitude of change and the number of players involved in terms of restaurants, it is important that there is a proper
Food delivery apps may be treated as restaurants, told to pay GST – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/food-delivery-apps-may-be-treated-as-restaurants-told-to-pay-gst/article36460743.ece?homepage=true This is among 54 proposals expected to be taken up at the GST Council’s Friday meeting The GST Council, scheduled to meet on
GST Council to weigh bringing fuel under indirect tax regime: Report | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/gst-council-to-weigh-bringing-fuel-under-indirect-tax-regime-report-121091400631_1.html Any change to the GST system would require approval by three-fourths of the panel, which includes representatives from all states and territories The
Input tax credit in inverted tax structure: SC verdict may settle issue of refund – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/sc-verdict-may-settle-issue-of-refund/article36420244.ece?homepage=true All eyes are on the Supreme Court as it is expected to pronounce judgment on Monday in the case of 14 petitions related
goods and services tax: Papad, irrespective of shape, is exempt from GST, says Central Board of Indirect Taxes & Customs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/gst/papad-irrespective-of-shape-is-exempt-from-gst-says-central-board-of-indirect-taxes-customs/articleshow/85856117.cms NEXT STORY Lassi jaisi koi nahi: Flavoured milk is not milk but flavoured lassi is lassi, says AAR ruling Synopsis Under the Goods
Papad makers in a pickle over contradictory classification rulings – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/gst/papad-makers-in-a-pickle-over-aar-rulings/articleshow/85646885.cmsSynopsis What is a papad? Of course, papad or papadam or vadam is India’s favourite indigenous cracker, and it is usually round and fried
Big relief: Exporters to get tax refund dues of 56,000 crore – The Financial Express
Clipped from: https://www.financialexpress.com/economy/big-relief-exporters-to-get-tax-refund-dues-of-56000-crore/2327500/ India has witnessed a surge in outbound shipments this fiscal and the expeditious clearance of dues will help the country achieve a rapid
faceless assessment: Change the customs: Faceless assessment scheme runs into familiar issues – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/change-the-customs-faceless-assessment-scheme-runs-into-familiar-issues/articleshow/85996611.cms SynopsisThe new faceless customs assessment was meant to ease the documentation in import and export of goods. But it has doubled the work
Evolution of indirect tax regime for e-commerce businesses & the future – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/legal/evolution-of-indirect-tax-regime-for-e-commerce-businesses-the-future/articleshow/85762074.cmsSynopsis The e-commerce market contributed to about 0.76% of India’s GDP in 2017 and is expected to grow to 2.5% by 2030. E-commerce has completely
gst: Lassi jaisi koi nahi: Flavoured milk is not milk but flavoured lassi is lassi, says AAR ruling – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/lassi-jaisi-koi-nahi-flavoured-milk-is-not-milk-but-flavoured-lassi-is-lassi-says-aar-rulings/articleshow/85918328.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Under the Goods and Services Tax (GST) framework, both milk and lassi are exempt from any tax.But, while flavoured lassi continues to remain
An uneven uptick: The Hindu Editorial on GST revenue trends – The Hindu
Clipped from: https://www.thehindu.com/opinion/editorial/an-uneven-uptick-the-hindu-editorial-on-gst-revenue-trends/article36281048.ece?homepage=true GST revenue trends indicate the recovery is neither smooth nor fast With gross revenues of ₹1.12-lakh crore in August, the GST has now yielded
Bail denied to Petitioner for receiving bogus tax refunds–taxguru.in
Clipped from: https://taxguru.in/goods-and-service-tax/bail-denied-petitioner-receiving-bogus-tax-refunds.html In Rakesh Arora v. State of Punjab [CRM-M- 1511 OF 2021 dated January 28, 2021], the current bail application has been filed by Rakesh
Denial of ITC in case of normal manufacturing loss under GST
Clipped from: https://taxguru.in/goods-and-service-tax/denial-itc-case-normal-manufacturing-loss-gst.html Hello friends greetings for the, in the current article we will discuss blocking of input tax credit (ITC) under section 17 in case of input
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