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
Category: GST
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
Crackdown on GST evaders continues – The Hindu
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
GST officers unearth over Rs 35,000 crore fraud in 2020-21, arrest 426 persons – The Economic Times
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
GST officials book 8,000 cases involving fake ITC of over Rs 35k cr in FY21 | Business Standard News
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.
Practical issues in a refund under GST – The Hindu BusinessLine
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
GST officers bust network of 23 firms for over bogus ITC claims – BusinessToday
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
Patanjali’s argument in cowdung case fails to ‘moo’ AAR – The Hindu BusinessLine
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
GST officers bust network of 23 firms for fraudulently claiming Rs 91 cr ITC – The Economic Times
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
