Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/msme-body-wants-fm-to-extend-gst-deadlines/articleshow/82728650.cmsSynopsis Kassia president KB Arasappa also requested the Finance Minister to take steps to see refunds were released on priority. Karnataka has been under
Category: GST
Daily e-way bill generation falls to one-year low | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/daily-average-e-way-bill-generation-in-may-falls-one-year-low-of-to-1-21-mn-121051701285_1.html GST mop-up likely to fall in May, June Photo: Shutterstock Fewer e-way bills have been generated in May so far, with the daily
Judiciary walks the talk on Taxpayers’ Charter – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-laws/judiciary-walks-the-talk-on-taxpayers-charter/article34573636.ece As promised in the Taxpayers Charter, the IT department is committed to providing fair treatment and delivering professional assistance in all dealings with
Food items supplied under govt scheme to ITI trainees not to attract GST: AAR – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/economy/food-items-supplied-under-govt-scheme-to-iti-trainees-not-to-attract-gst-aar/article34572622.ece ‘ITI is institution providing education up to higher secondary level’ The supply of food items under government-sponsored schemes for students to institution such
GST meet to consider relief for Covid essentials – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/gst-council-meet-to-consider-relief-for-covid-essentials/article34573571.ece?homepage=true States seek GST exemption for sanitisers, PPE kits, oximeters and ventilators With the growing clamour from the States for additional money to manage
GST applicable on credit card expenses incurred by employees of MNCs’ India arms, rules AAR – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/gst-applicable-on-credit-card-expenses-incurred-by-employees-of-mncs-india-arms-rules-aar/articleshow/82658752.cmsSynopsis As per the details of the case, ICU Medical Inc had provided credit cards to employees of its India subsidiary for incurring business-related
Interest for delayed payment on imported goods liable to GST: AAR – The Economic Times
lipped from: https://economictimes.indiatimes.com/news/economy/policy/interest-for-delayed-payment-on-imported-goods-liable-to-gst-aar/articleshow/82659395.cmsSynopsis AAR observed that the holding company had “tolerated the act” of receiving payment after a lapse of a period of 120 days from
CBIC starts special drive to clear pending GST refund claims by month-end – The Economic Times
lipped from: https://economictimes.indiatimes.com/news/economy/finance/cbic-starts-special-drive-to-clear-pending-gst-refund-claims-by-month-end/articleshow/82675495.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis In an instruction to all Principal Commissioners of Central Tax formations, the CBIC said there is a need to focus on timely disposal
Notify Covid-19 vaccines as zero-rated supply under GST, say experts | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/notify-covid-19-vaccines-as-zero-rated-supply-under-gst-say-experts-121051100005_1.html Tax waiver on entire Covid-related supply chain could prevent a rise in price Experts point out that a tax waiver for the entire
GST exemption for Covid drugs unsound – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/gst-exemption-forcovid-drugs-unsound/articleshow/82530064.cmsSynopsis Estimates show that the country loses about 2% of the GDP on GST exemptions. Exemptions must be scrapped. The Centre is right to
I-T dept goes after hospitals taking cash payment to treat Covid patients | Business Standard News
Clipped from: https://www.business-standard.com/article/current-affairs/finance-ministry-asks-cbdt-to-penalise-hospitals-fleecing-covid-19-patients-121051100028_1.html Finance ministry asks department to penalise hospitals found with unaccounted cash, prevent evasion. A patient suffering from the coronavirus disease (Covid-19) waits to
Jockey’s Page Industries fails to get ITC relief on promotional goods from AAAR – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/jockeys-page-industries-fails-to-get-itc-relief-on-promotional-goods-from-aaar/article34527439.ece ‘The ruling has rightly held that display boards, posters, etc. sent to the franchisees, distributors are inputs and not capital goods’ The Appellate
GST exemption on vaccines will lead to high prices: FM Sitharaman | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/gst-exemption-on-vaccines-will-lead-to-high-prices-fm-sitharaman-121050900899_1.html Statement follows West Bengal CM Mamata Banerjee’s letter to PM seeking GST exemption Union Minister of Finance and Corporate Affairs Nirmala Sitharaman Finance
COVID-19: GST on vaccines in interest of manufacturers and citizens, says FM Sitharaman–business today
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
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
