Clipped from: https://www.businesstoday.in/current/economy-politics/covid-19-gst-on-vaccine-in-interest-of-manufacturers-and-citizens-says-fm-sitharaman/story/438643.html Sitharaman said exemption from GST for domestic supplies and commercial import of vaccines, COVID drugs and oxygen concentrators will increase the price of
Category: GST
Finmin turns down India Inc’s plea for IGST exemption on imported Covid relief material – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/finmin-turns-down-india-incs-plea-for-igst-exemption-on-imported-covid-relief-material/article34512646.ece Only State Government’s authorised entity will get exemption and distribute freely Finance Ministry has turned down India Inc’s plea for IGST (Integrated Goods
Plea to simplify GST – The Hindu
Clipped from: https://www.thehindu.com/news/cities/Madurai/plea-to-simplify-gst/article34515605.ece Agrofood Chamber of Commerce and Industry has congratulated DMK leader M.K. Stalin for taking charge as Chief Minister. In a press release, its
Unboxing key GST developments during the pandemic – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/gst/covid-2-0-unboxing-key-gst-developments-during-the-pandemic/articleshow/82475660.cmsSynopsis Currently, the GST law seems to be evolving more through notifications and circulars and is still far from settling down. It’s been over
Are States’ GST collections on track? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/are-states-gst-collections-on-track/article34491863.ece The GST mop-up in the past three years has been less than impressive and major States are staring at huge shortfalls GST collection
GST shows signs of realising promise – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/gst-shows-signs-of-realising-promise/articleshow/82414400.cmsSynopsis For the economy as a whole, gross value added is equal to gross profits plus wages and salaries. The same holds at the
Structural shift | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/structural-shift-121050401323_1.html Higher GST collection reflects better compliance Goods and services tax (GST) collection for April indicates a structural shift. Collection touched an all-time high of
E-way bills likely to fall to five-month low amid Covid-19 lockdown | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/e-way-bills-likely-to-fall-to-five-month-low-amid-covid-19-lockdown-121050400036_1.html Likely to decline to 55-58 million in April In April e-way bill generation may decline to 55-58 million, which is the lowest since
Modi govt’s relief on GST late fee, tax payment to help MSEs but further extension still needed: Experts – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/modi-govts-relief-on-gst-late-fee-tax-payment-to-help-mses-but-further-extension-still-needed-experts/2244290/ Ease of Doing Business for MSMEs: The Central Board of Indirect Taxes and Customs (CBIC) on Saturday had issued a notification announcing the
Summary of 9 GST Notifications issued by CBIC on 01.05.2021–tax guru
Clipped from: https://taxguru.in/goods-and-service-tax/summary-9-gst-notifications-issued-cbic-01-05-2021.html Certain notifications have been issued by the CBIC yesterday night providing relief in certain matters in view of the ongoing pandemic situation in
GST mop-up at all-time high of Rs 1.41 lakh cr in April; hits Rs 1 lakh cr for 7th month in a row–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/at-141-lakh-crore-gst-revenue-collection-for-april-2021-sets-new-record/story/438011.html The GST collections remained above the Rs 1-lakh-crore mark for the seventh month in a row in April, the finance ministry said on
MSMEs seek easing of NPA, compliance rules – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/msmes-seek-easing-of-npa-compliance-rules/articleshow/82287398.cmsSynopsis The Federation of Indian Small and Medium Enterprises (FISME) also pitched for creation of a “war-room” to monitor prices of key raw materials
Assocham MSME chairman urges Centre to relax norms in view of second wave – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/assocham-msme-chairman-urges-centre-to-relax-norms-in-view-of-second-wave/articleshow/82320910.cmsSynopsis Assocham along with other national and regional organisations have urged the Centre to extend the deadline for statutory filings in view of the
Covid second wave: Industry body, MSMEs drag government, taxman to court over not extending deadlines – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/second-covid-wave-industry-body-msmes-drag-government-taxman-to-court-over-not-extending-deadlines/articleshow/82321202.cmsSynopsis Companies are worried that they would face penalties and jail term if they don’t follow deadlines. MUMBAI: An industry association and a group
Bring Amnesty Scheme for Pre & Post GST Transactions–tax guru
Clipped from: https://taxguru.in/goods-and-service-tax/provide-relaxations-7-areas-gst-amid-covid-2nd-wave.html Tax Consultants & Practitioners Association of Kerala has written a letter to Finance Minister of India and requested to provide relaxations in certain areas of GST
Equalisation Levy – Know about Equalization Features, Penalty & Applicability–clear tax
Clipped from: https://cleartax.in/s/equalisation-levy/#rate Equalisation Levy was introduced in India in 2016, with the intention of taxing the digital transactions i.e. the income accruing to foreign e-commerce
income tax show cause notice – Norton Safe Search
Clipped from: https://nortonsafe.search.ask.com/web?chn=prev&cmpgn=&doi=2021-01-14&geo=&guid=4e1cc573-59d9-4454-b2ac-cf1de030c879&o=APN12174&p2=%5EEQ%5Ecd00in%5E&prt=cr&trackId=&ver=3.14.3.7&tpr=4&q=income+tax+show+cause+notice&ts=1619659788159&ssrt=2300Web Results Show Cause Notices – TaxGuruhttps://taxguru.in/income-tax/show-notices.html 18 Apr 2020 … Show cause notice means a Court order that requires a party to appear before the court and explain
show cause notice reply in gst –
Clipped from: https://nortonsafe.search.ask.com/web?q=show%20cause%20notice%20reply%20in%20gst&vendoroffered=ask&extntype=legacyv1&vendorConfigured=ask&o=APN12174&prt=cr&ver=3.14.3.7&tpr=111&chn=prev&guid=4e1cc573-59d9-4454-b2ac-cf1de030c879&doi=2021-01-14Web Results GST Notices – Overview, Reasons, Types & Reply Formathttps://cleartax.in/s/gst-notices 16 Mar 2021 … GST Notices are of many types. Get a complete list! Reply to show cause notice on time, giving SCN reference
Liability to pay in certain cases under Central Goods and Services Tax Act, 2017–tax guru
Clipped from: https://taxguru.in/goods-and-service-tax/liability-pay-cases-cgst-act-2017.html Liability to pay in certain cases under Central Goods and Services Tax (CGST) Act, 2017 Chapter XVI of the Central Goods and Services Tax
Do not harass lawyers exempt from GST by sending notices–tax guru
Clipped from: https://taxguru.in/goods-and-service-tax/harass-lawyers-exempt-gst-sending-notices.html Devi Prasad Tripathy Vs. Principal Commissioner CGST and Central Excise (Orissa High Court) High Court expresses its concern that practising advocates should not
