Category: GST

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

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

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

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

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

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

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

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

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

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