Clipped from: https://economictimes.indiatimes.com/small-biz/gst/4-years-of-gst-hits-misses-and-expectations/articleshow/84010385.cmsSynopsis The taxpayers’ experience in the last four years have been mixed, with the organised and large industry players having easily adapted to the
Category: GST
Provisional Attachment Under GST–taaxguru
Clipped from: https://taxguru.in/goods-and-service-tax/provisional-attachment-gst.html Provisional attachment of any property can be made to enforce or protect recovery of tax demands under the GST law. Where the proper
Industry bodies to take up GST issues with govt; GST to mark 4 years on July 1 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/industry-bodies-to-take-up-gst-issues-with-govt-gst-to-mark-4-years-on-july-1/articleshow/83960032.cmsSynopsis Simplifying input tax credit procedures, addressing issues arising from inverted duty structure, exploring faceless assessment within the GST structure, introducing process of rectification
Have sunset clause for economic laws constraining growth: Vijay Kelkar – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/have-sunset-clause-for-economic-laws-constraining-growth-vijay-kelkar/articleshow/83960998.cmsSynopsis Kelkar, who has also served as the Union finance secretary, cited the Land Act and Rent Act while illustrating the constraints posed by
Tax system must become less iniquitous | Deccan Herald
Clipped from: https://www.deccanherald.com/opinion/main-article/tax-system-must-become-less-iniquitous-1000460.html High excise on fuel, lower corporate tax and huge unrealised capital gains in a booming stock market are increasing disparity Tripura Pradesh Congress
Not knowing geography landing many companies in tax trouble – The Economic Times
lipped from: https://economictimes.indiatimes.com/news/economy/policy/not-knowing-geography-landing-cos-in-tax-trouble/articleshow/83876255.cmsSynopsis Many companies in the last few months have ended up filing goods and services tax (GST) in the wrong state mainly because their
Planning to claim ITC? Here’s how you can do it – The Financial Express
Clipped from: https://www.financialexpress.com/money/planning-to-claim-itc-heres-how-you-can-do-it/2278400/ While claiming ITC in GSTR-3B, one should possess the required documents and consider GSTR-2B, provisional ITC rules, rule 86B. Simply put, ITC is
Tax department doesn’t think sanitiser companies’ accounts are clean – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/tax-department-doesnt-think-sanitiser-comapanies-accounts-are-cean/articleshow/83828856.cmsSynopsis Pharmaceutical companies say sanitisers are medicaments, while the taxman considers them disinfectants. The indirect tax department’s investigation arm, Director General of GST Intelligence
Marking recovery in business activity, E-way Bill generation picks up pace – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/marking-recovery-in-business-activity-e-way-bill-generation-picks-up-pace/article34953182.ece?homepage=true States ease Covid curbs enabling commercial recovery As more States unlock Covid restrictions, the E-way Bills generation has also seen a sharp increase.
India’s new intermediary rules: Reasons why the fear of tax-slapping is unfounded – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/indias-new-intermediary-rules-reasons-why-the-fear-of-tax-slapping-is-unfounded/articleshow/83788477.cmsSynopsis The new rules require that the three officers employed by the significant social media intermediary must be resident in India. Now, the essential
GST: A turning point? | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/gst-a-turning-point-121062101630_1.html The recent upsurge in revenues offers the prospect of the country breaking out of the long-stagnant tax-to-GDP ratio For the last 25 years,
GST was a mistake, time to undo the damage: Kerala FM KN Balagopal – The Financial Express
Clipped from: https://www.financialexpress.com/economy/gst-was-a-mistake-time-to-undo-the-damage-kerala-fm-kn-balagopal/2275047/ Given that few states had witnessed their natural growth rates in recent years, it was legitimate to extend the GST compensation mechanism for
P Chidambaram writes: Modi’s government has weaponised the GST to browbeat states
Clipped from: https://indianexpress.com/article/opinion/columns/will-we-write-an-elegy-for-gst-7365658/ P Chidambaram writes: Mr Modi’s government has weaponised the GST to browbeat states. The GST Council has been reduced to a talking shop
Supply of food to pre-schools, anganwadis, mid-day meals exempt from GST – The Financial Express
Clipped from: https://www.financialexpress.com/economy/supply-of-food-to-pre-schools-anganwadis-mid-day-meals-exempt-from-gst/2274054/ EY Tax Partner Abhishek Jain said the clarification by the government that the GST exemption on catering services provided to educational institutions will
No GST on examination fee charged by Central/States/NBE, says CBIC – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/education/no-gst-on-examination-fee-cbic/article34849282.ece Mid-day meal scheme exempt from GST, clarity given for road sector Central Board of Indirect Taxes & Custom (CBIC) has said that examination
Supply of food to pre-schools, anganwadis, mid-day meals exempt from GST | Deccan Herald
Clipped from: https://www.deccanherald.com/national/supply-of-food-to-pre-schools-anganwadis-mid-day-meals-exempt-from-gst-998866.html Besides, GST is also exempt on input services related to admission to, or conduct of examination Supplying food to schools under a mid-day
GST rate reductions too little, too late | Deccan Herald
Clipped from: https://www.deccanherald.com/opinion/second-edit/gst-rate-reductions-too-little-too-late-998650.html The demand for tax exemptions and reductions had been made from the beginning of the Covid pandemic over a year ago The demand
Dangers of a wrong diagnosis | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/dangers-of-a-wrong-diagnosis-121061501572_1.html Indirect taxes are now higher than direct taxes. But cutting indirect tax rates to address this will amount to barking up the wrong
Tweaking the tax | The Indian Express
Clipped from: https://indianexpress.com/article/opinion/editorials/tweaking-the-tax-7357570/ GST Council does well to cut rates of Covid essentials. Issues of compensation, rationalising of rates, also need to be examined. The economic
After the GST cut | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/after-the-gst-cut-121061300940_1.html Council should address structural shortfall in revenue In a single-agenda meeting on Saturday, the Goods and Services Tax (GST) Council decided to reduce GST on
