Category: GST

Clipped from: https://www.thehindubusinessline.com/news/private-coaching-institutes-for-ca-cs-etc-not-educational-institution-says-kerala-aaar/article35422895.ece Kerala AAAR says they are not educational institutions Kerala’s Appellate Authority for Advance Ruling (AAAR) has upheld that an institute imparting coaching to

Clipped from: https://www.thehindubusinessline.com/news/national/gst-suffers-from-structural-problems-balagopal/article35394572.ece What we need is collectives and co-operatives of farmers that can add value to farm produces, Says Kerala Finance Minister Kerala Finance Minister

Clipped from: https://economictimes.indiatimes.com/small-biz/gst/steel-cos-for-easing-gst-burden-on-scrap-metal-used-as-input/articleshow/84541223.cmsSynopsis The All India Induction Furnaces Association, which represents 35% of the country’s steel production capacity, has petitioned the finance ministry on the rampant

Clipped from: https://www.financialexpress.com/economy/gst-bonanza-for-old-gold-jewellery-buyers-now-pay-tax-only-on-difference-between-purchasing-selling-price/2292257/ When any product is purchased, it is loaded with GST. When a business entity resells the same product after refurbishing, tax is again

Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/view-as-the-gst-enters-its-fifth-year-herere-the-challenges-ahead/articleshow/84452345.cmsSynopsis There were animated discussions and debates, and near-universal agreement at every stage that GST was the way to go forward. The process involved

Clipped from: https://www.businesstoday.in/opinion/columns/story/four-years-of-gst-many-hits-but-a-few-misses-301252-2021-07-13 The government has made a commendable effort in consolidating various central and state indirect tax levies into a single tax levy. GST is

Clipped from: https://www.thehindu.com/business/Economy/gst-evasion-450-arrests-since-2020-21/article35304262.ece In 2020-21, 8,000 cases involving fake ITC detected, 426 held: Finance Ministry. The Centre continues to tighten the noose around GST evaders, though

Clipped from: https://economictimes.indiatimes.com/news/india/gst-officers-unearth-over-rs-35000-crore-fraud-in-2020-21-arrest-426-persons/articleshow/84378440.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis During 2020-21 (April 2020 to March 2021), 426 persons, including 14 professionals such as CAs, lawyers and directors, were arrested. In the year-long

Clipped from: https://www.business-standard.com/article/pti-stories/gst-officers-unearth-over-rs-35k-cr-fraud-in-fy-21-arrest-426-persons-121071301020_1.html Under the GST regime, at the time of paying tax on output, entities can reduce the tax they have already paid on inputs.

Clipped from: https://www.thehindubusinessline.com/opinion/practical-issues-in-a-refund-under-gst/article35298386.ece There is a need to bring in structural changes and some amendments in the law to synchronize rules with the provisions to end

Clipped from: https://www.businesstoday.in/latest/economy/story/gst-officers-bust-network-of-23-firms-involved-in-fake-itc-claims-of-rs-550-cr-301032-2021-07-11 The 23 firms were floated in order to generate goods-less invoices with the intent to pass on fraudulent ITC without paying actual GST

lipped from: https://www.thehindubusinessline.com/economy/patanjalis-argument-in-cowdung-case-fails-to-moo-aar/article35256317.ece?homepage=true GST of 5 per cent would apply on the company’s ‘Gomaya Samidha’ product, rules the authority Holy Cow! Talk of taxing issues. Is

Clipped from: https://economictimes.indiatimes.com/news/india/gst-officers-busts-network-of-23-firms-for-fraudulently-claiming-rs-91-cr-itc/articleshow/84313063.cmsSynopsis Based upon specific intelligence, the officers of the anti-evasion branch of Central Goods and Service Tax (CGST) Commissionerate, Delhi (West) have unearthed a

Clipped from: https://economictimes.indiatimes.com/small-biz/gst/confusion-over-gst-on-annuity-from-govt-infra-companies-under-taxmans-lens/articleshow/84258442.cmsSynopsis Industry trackers said that some of the infrastructure and construction companies are already reeling under financial pressure. Some of them had not factored

Clipped from: https://economictimes.indiatimes.com/small-biz/gst/bringing-petroleum-products-and-electricity-under-gst-should-be-top-focus/articleshow/84257779.cmsSynopsis Measures such as constant rationalisation of GST rates of goods and services, together with anti-profiteering norms and inverted duty rate corrections, have ensured

Clipped from: https://www.thehindubusinessline.com/opinion/its-been-four-roller-coaster-years-of-gst/article35220304.ece?homepage=true The Goods and Services Tax should be a ‘good and simple tax’, eschewing multiple rates It has been four years since the Goods

Clipped from: https://www.business-standard.com/article/economy-policy/4-years-later-our-worst-fears-have-been-confirmed-with-gst-tamil-nadu-fm-121070200030_1.html There is lower income inequality in Tamil Nadu than it is in most places. Therefore, we are also a very high-consumption state, said

Clipped from: https://www.financialexpress.com/industry/faceless-assessment-under-customs-law-brings-in-transparency-less-human-intervention-objectives-challenges/2283231/ The Central Board of Indirect Taxes and Customs (CBIC) initiated and implemented several reform measures in the recent past focusing on simplifying cross-border