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
Category: GST
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
No addition for bogus purchases in case of lack of enquiry by AO–TAXGURU.IN
Clipped from: https://taxguru.in/income-tax/addition-bogus-purchases-case-lack-enquiry-ao.html Supertechforgings (India) Pvt. Ltd. Vs DCIT (ITAT Amritsar) Conclusion: Additions made for alleged bogus purchase bills by AO was not justified as AO
Name, shape not to distinguish GST exemption on papad, says CBIC – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/name-shape-not-to-distinguish-gst-exemption-on-papad-says-cbic/article36223467.ece?homepage=true Whether ‘unfried fryums’ will be taxed at 18 per cent is yet to be clarified The Central Board of Indirect Taxes and Customs
inverted duty structure: The curious case of inverted duty structure: An anomaly in tax rate is squeezing Indian manufacturers – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/the-curious-case-of-inverted-duty-structure-an-anomaly-in-tax-rate-is-squeezing-indian-manufacturers/articleshow/85418633.cms SynopsisThe GST was supposed to streamline business operations, but a by-product of the indirect tax regime is hurting the competitiveness of exporters. What
Price puzzle – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/price-puzzle/article36166023.ece Greater transparency is needed in fuel pricing The pricing of petrol and diesel in this country is a mystery that befuddles all. The
Notices on mismatch between GSTR 2A & GSTR 3B: How to defend such cases? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/gst/notices-on-mismatch-between-gstr-2a-gstr-3b-how-to-defend-such-cases/articleshow/85323122.cmsSynopsis The mechanism for matching of input tax credit as per GST law is designed to be carried out by combined filing of Forms
India Inc will not get call for extra tax in March: Revenue Secretary – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/india-inc-will-not-get-call-for-extra-tax-in-march/article35851464.ece?homepage=true DIPAM Secretary says it’s a 1991 moment for public sector enterprises Revenue Secretary Tarun Bajaj assured India Inc that the tax department will
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