Clipped from: https://www.thehindubusinessline.com/opinion/petro-products-under-gst/article34163219.ece Will Opposition-ruled States take the bait? There is no Constitutional or any other legal bar on bringing petroleum products under the Goods and
Category: GST
Selling eatables eligible for ITC under GST regime – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/selling-eatables-eligible-for-itc-under-gst-regime/article34163181.ece However, credit can’t be availed if eatables are sold and served, rules AAR Selling sweets and eatables is one thing and providing facility
Taxation process and its soft targets – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/taxation-process-and-its-soft-targets/2220504/ For India to move from tax terrorism to tax transparency, the government needs to look at taxation and punitive actions from a business
Lending based on GST data improves MSMEs’ access to credit: Vayana Network – The Financial Express
lipped from: https://www.financialexpress.com/economy/lending-based-on-gst-data-improves-msmes-access-to-credit-vayana-network/2220474/ Vayana has till date enabled $6 billion in trade finance for 300 supply chains in 25 different industries and processed 1.7 million transactions.
Why drive up input tax costs? – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/why-drive-up-input-tax-costs/2219644/ Significant curtailment of Form C benefits to adversely impact several important sectors Needless to say, all such businesses will be forced to consider
CAG calls for improved handling of indirect tax cases – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/cag-calls-for-improved-handling-of-indirect-tax-cases/article34152331.ece Comptroller and Auditor General (CAG) has recommended a full overhaul of the system of issuing show cause notices in Central Board of Indirect
GST technical glitches behind input tax credit frauds: CAG report | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/gst-technical-glitches-behind-input-tax-credit-frauds-cag-report-121032401741_1.html CAG recommended fixing a definite time frame for rolling out simplified GST return forms The GST returns system is still a work in
gst: CAG for setting up of time-frame for roll out of simplified GST return forms – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/cag-for-setting-up-of-time-frame-for-roll-out-of-simplified-gst-return-forms/articleshow/81675662.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The GST return system is still a work in progress despite more than three years of GST rollout, CAG audit report presented in
Notice-pay received from outgoing employee is subject to GST, holds AAR – Times of India
Clipped from: https://timesofindia.indiatimes.com/business/india-business/notice-pay-received-from-outgoing-employee-is-subject-to-gst-holds-aar/articleshow/80281821.cms MUMBAI: Contracts with employees provide for furnishing a notice period, which typically ranges between one to three months.Many companies permit an employee to
Petrol, diesel under GST? Not possible for next 8-10 years, says Sushil Modi–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/petrol-diesel-under-gst-not-possible-for-next-8-10-years-says-sushil-modi/story/434768.html Speaking in Rajya Sabha while participating in a discussion on the Finance Bill 2021, Modi told the lower house of Parliament that the
Success of PLI scheme depends on how well Apple’s India plans shape up | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/success-of-pli-scheme-depends-on-how-well-apple-s-india-plans-shape-up-121032301454_1.html India is to be Apple’s second significant global hub The crucial issue is the government’s restrictions on Chinese foreign direct investment, which could
Property taxation: Both untapped and unrealised – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/property-taxation-both-untapped-and-unrealised/2218867/ Property tax collection as a proportion of GDP is 1.1% in the OECD, but only 0.2% in India At the same time, state
Nirmala Sitharaman tweaks tax provisions for EPF contributions, says ready to discuss GST on fuel if States want it – The Hindu
Clipped from: https://www.thehindu.com/business/Economy/nirmala-sitharaman-tweaks-tax-provisions-for-epf-contributions-says-ready-to-discuss-gst-on-fuel-if-states-want-it/article34144375.ece?homepage=true EPF cap raised to ₹5 lakh if there is no contribution by the employer. The Centre is ready to consider bringing fuel under
Rs 17-crore GST evasion unearthed in Mangaluru; two held | Deccan Herald
Clipped from: https://www.deccanherald.com/state/rs-17-crore-gst-evasion-unearthed-in-mangaluru-two-held-964069.html Searches were conducted in Sirsi, Puttur, Mangaluru, Chitradurga and other places Representative image: iStock Photo The officers of Mangaluru CGST (Office of Commissioner
Converging GST rates: Needed, but not now | Deccan Herald
Clipped from: https://www.deccanherald.com/opinion/comment/converging-gst-rates-needed-but-not-now-963200.html An RBI report of 2019 estimated that the effective weighted average GST rate had declined to 11.6% Credit: iStock Images A GST Council
Managing GST – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/managing-gst/article34133894.ece Further simplification of the GST system is needed to boost collections The strong GST collections since last October indicate that the new indirect
SC seeks government response on plea to plug loopholes in GST system – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/politics-and-nation/sc-seeks-govt-response-on-plea-to-plug-loopholes-in-gst-system/articleshow/81560493.cmsSynopsis The petition was argued by senior advocate Sonia Mathur in the top court on Wednesday. A three-judge bench led by CJI SA Bobde
Hospitals may have to pay GST on food to inpatients – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/hospitals-may-have-to-pay-gst-on-food-to-inpatients/articleshow/81216540.cmsSynopsis According to current regulations, GST does not apply to any service provided by hospitals unless they are related to cosmetics, including cosmetic surgeries.
The healthcare sector urgently needs a GST fix – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/gst/the-healthcare-sector-urgently-needs-a-gst-fix/articleshow/81599602.cmsSynopsis Presently, the healthcare services provided by a clinical establishment, authorized medical practitioner or paramedics, are exempted from GST. The GST was one of the most
GST: No ITC to Co-op Hsg. Soc. on replacement of existing lift
Clipped from: https://taxguru.in/goods-and-service-tax/gst-itc-co-operative-housing-society-replacement-existing-lift.html In re Las Palmas Co-Operative Housing Society Limited (GST AAR Maharashtra) Question- Whether the Applicant, a Co-operative Housing Society paying Goods and Services Tax
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