Clipped from: https://www.thehindubusinessline.com/economy/cbic-to-review-performance-of-lawyers-on-monthly-basis/article32754100.ece To ensure interests of revenue authorities are effectively represented before HCs The Central Board of Indirect Taxes and Customs (CBIC) has decided to
Category: GST
CBIC effects policy shift regarding show cause notice on Customs-related matters – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/cbic-effects-policy-shift-regarding-show-cause-notice-on-customs-related-matters/article34099258.ece Only Jurisdictional Commissionerate will issue such notices, not the DRI In a major policy shift, the Central Board of Indirect Taxes and Customs
GST cut needed to make the scrappage policy work – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/gst-cut-needed-to-make-the-scrappage-policy-work/2216408/ Given the impact on the environment, both the Centre & states must help encourage users to scrap their vehicles Gadkari has said that
Solar project companies queue up to cash in on pre-duty benefits | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/solar-project-companies-queue-up-to-cash-in-on-pre-duty-benefits-121032501459_1.html For a project bid in March, import of panels would take place between June and July 2021 Sector analysts expect basic Customs duty
Petro products under GST – The Hindu BusinessLine
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
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
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