Clipped from: https://www.thehindubusinessline.com/economy/papad-will-be-papad-even-if-there-is-change-in-shape-and-size/article35559891.ece GST not to be applicable Papad appears to be flavour of the season for Gujarat’s Authority of Advance Rulings (GAAR) whose latest ruling
Category: GST
DGGI detects Rs 278 crore GST evasion in railway purchases since July 2017 | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/dggi-detects-rs-278-crore-gst-evasion-in-railway-purchases-since-july-2017-121072701505_1.htmlIllustration: Ajay Mohanty The Directorate General of GST Intelligence (DGGI) has detected tax evasion worth Rs 278 crore by bidders who were awarded railway tenders since
SME Chatroom: Destruction of goods warrants reversal of input tax credit | Business Standard News
Clipped from: https://www.business-standard.com/article/sme/sme-chatroom-destruction-of-goods-warrants-reversal-of-input-tax-credit-121072601028_1.html Submit copies of correspondence with the buyer to the bank explaining the reasons for the inward remittance Since you are getting payment against
GST e-way bill generation gathers momentum in July – The Financial Express
Clipped from: https://www.financialexpress.com/economy/gst-e-way-bill-generation-gathers-momentum-in-july/2298183/ Average daily e-way bill generation was 20.2 lakh in the week ended July 25, compared with 20.4 lakh in preceding week and 19.24
Rationalise Customs duty | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/rationalise-customs-duty-121072700009_1.html Besides removing exemptions, overall simplification is necessary In the 2021 Union Budget earlier this year, Union Finance Minister Nirmala Sitharaman announced that hundreds of exemptions
Govt must cut number of slabs in Customs duty | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/govt-must-cut-number-of-slabs-in-customs-duty-121072600027_1.html The finance ministry has made a good beginning by reviewing the exemptions with intent to eliminate them The finance ministry has taken up a review
GST: End hibernation on dispute resolution – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/gst-end-hibernation-on-dispute-resolution/2297352/ The GST Council must evolve the rules for adjudication in time, lest a solution on resolving disputes itself becomes dispute-ridden The clock is
Centre begins review of legal issues in GST – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/gst/centre-begins-review-of-legal-issues-in-gst/articleshow/84643844.cmsSynopsis The review is aimed at clearing the air on issues such as whether services provided by back offices of multinational companies in India
PIL seeks setting up of GST tribunal to cut backlog of cases – The Financial Express
Clipped from: https://www.financialexpress.com/economy/pil-seeks-setting-up-of-gst-tribunal-to-cut-backlog-of-cases/2295879/ “The constitution of National and other Benches of the appellate tribunal under Section 109 of the CGST Act, 2017 is an absolute necessity
Arrest, search, summons under GST law not to be affected by Supreme Court’s limitation order, says CBIC – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/arrest-search-summons-under-gst-law-not-to-be-affected-by-supreme-courts-limitation-order-says-cbic/article35444786.ece In an effort to provide relief on account of pandemic, the government had extended time limit for various compliances under GST law The
Charitable trust running medical store required to register for GST, says Gujarat High Court – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/charitable-trust-running-medical-store-required-to-register-for-gst-says-gujarat-high-court/article35466064.ece The HC affirmed the ruling given by Gujarat’s Appellate Authority of Advance Ruling and Authority for Advance Ruling The Gujarat High Court held
Centre begins review of legal issues in GST – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/centre-begins-review-of-legal-issues-in-gst/articleshow/84624490.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The review is aimed at clearing the air on issues such as whether services provided by back offices of multinational companies in India
‘CA, CS coaching institutes not eligible for GST exemption’ – The Hindu BusinessLine
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
BS Number Wise: One litre petrol takes 30% of Indians’ average daily income | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/bs-number-wise-one-litre-petrol-takes-30-of-indians-average-daily-income-121071900477_1.html Fuel taxes give a bonanza to the government, but also dent the affordability for low income earners I just paid Rs 2,142 for
GST Council walks a tightrope as it looks to jack up revenues | Deccan Herald
Clipped from: https://www.deccanherald.com/opinion/panorama/gst-council-walks-a-tightrope-as-it-looks-to-jack-up-revenues-1010232.html GST revenues are not the only issue that the government has, so borrowing only for this purpose will only fix a part of
GST suffers from structural problems: Balagopal – The Hindu BusinessLine
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
gst: Steel companies for easing GST burden on scrap metal used as input – The Economic Times
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
GST bonanza for old gold jewellery buyers; now pay tax only on difference between purchasing, selling price – The Financial Express
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
As the GST enters its fifth year, here’re the challenges ahead – The Economic Times
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
Four years of GST: Many hits but a few misses – BusinessToday
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
