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
Category: GST
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
mondolez foods: CBI books Cadbury India for allegedly obtaining factory licence in HP – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/politics-and-nation/cbi-books-cadbury-india-for-allegedly-obtaining-factory-licence-in-hp/articleshow/81555339.cmsSynopsis It is alleged that the company in conspiracy with Excise officials availed excise exemption benefits of Rs 240 crores (appox) for its new
No proposal for scrutiny of GST assessment in faceless mode: MoS Anurag Singh Thakur – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/gst/no-proposal-for-scrutiny-of-gst-assessment-in-faceless-mode-mos-anurag-singh-thakur/articleshow/81543598.cmsSynopsis Income tax assessments are being done in a faceless manner except in certain conditions and till March 10, a total of 82,072 assessment
Measures to push GST mopup – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/gst/parliament-watch-measures-to-push-gst-mopup/articleshow/81543344.cmsSynopsis “Greater awareness about the GST structure and punitive action in case of non-compliance needs to be created among the assessees on a wider
GST defaulter: Bank a/cs of family members cannot be attached, says Court – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/hc-orders-release-of-bank-accounts-belonging-to-family-members-of-a-gst-assessee/article34073537.ece?homepage=true Bombay HC rules it is a serious invasion into the private domain of the taxpayer Bank accounts of family members of a GST
Who fuels your petrol, diesel bill: don’t just blame the unrelenting Saudis. Think taxes. – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/energy/who-fuels-your-petrol-diesel-bill-dont-just-blame-the-unrelenting-saudis-think-taxes-/primearticleshow/81498392.cms SynopsisTaxes account for a bulk of the retail-selling price of petrol and diesel. Although oil prices are on the boil now and adding
Gujarat reports 4th-highest GST frauds in India | Ahmedabad News – Times of India
Clipped from: https://timesofindia.indiatimes.com/city/ahmedabad/state-reports-4th-highest-gst-fraud/articleshow/81418760.cms AHMEDABAD: With rising number of fake billing scams and those involving illicit claiming of input tax credit (ITC), Gujarat reported fourth highest number
Cloth trader from Ahmedabad hangs self after GST notice | Ahmedabad News – Times of India
Clipped from: https://timesofindia.indiatimes.com/city/ahmedabad/cloth-trader-hangs-self-after-gst-notice/articleshow/80159137.cms AHMEDABAD: A 50-year-old cloth trader from Isanpur, Bharat Chandel, committed suicide on Wednesday afternoon at his house by hanging himself.Isanpur police which is
GST reconciliation & the credit dilemma – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/gst-reconciliation-the-credit-dilemma/2202862/ The issue of whether the recipient of services can be penalised for non-compliance by the vendor remains open and unanswered However, while that
DGGI Nagpur unit busts fake GST invoice network in Delhi-NCR – The Financial Express
Clipped from: https://www.financialexpress.com/economy/dggi-nagpur-unit-busts-fake-gst-invoice-network-in-delhi-ncr/2211495/ In the first fake invoice network, six of these 11 NCR-based entities had made bogus transactions of goods with the Nashik- and Dhule-based
