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Small traders can now file GST returns through SMS

28 Oct

Another process of filing GST returns has been made easier for small traders. The GST Network (GSTN) has started the facility of filing quarterly retu ...

Government to prepare a list of ‘risky’ companies created to evade GST

28 Oct

The government will use artificial intelligence (AI) and Aadhaar registration to segregate dubious firms purposely created for Goods and Services Tax ...

Signature Builder guilty of denying additional ITC to flat buyers: NAA

28 Oct

The National Anti-Profiteering Authority (NAA) has held Signature Builders guilty for not passing the benefit of additional ITC to the homebuyers but ...

Small businesses with no tax dues can now file GST returns with a text message

27 Oct

Small businesses with no tax liability can now file their Goods and Services Tax (GST) returns with text messages, GSTN, the company that processes GS ...

BP Plc. eyes India's fuel market, wants gas in GST

27 Oct

Labelling India as an extraordinary country growing at an incredible scale, energy supermajor BP Plc on October 26 said it is looking to expand its pr ...

Government support in GST cut could aid entire Passenger Vehicle Industry: Tata Motors

27 Oct

Any kind of support from the government in terms of GST reduction would help the passenger vehicle segment immensely as it would negate some of the pr ...

Due dates for filing IT returns, audit reports, GST annual return extended

26 Oct

The government on October 24 said due dates for filing income tax returns and tax audit reports for FY20 for various classes of tax payers have been e ...

Centre borrows and transfers Rs. 6,000 crore to 16 states, 2 UTs

24 Oct

The Centre has borrowed and transferred Rs 6,000 crore as the first tranche of GST compensation shortfall to 16 states and two union territories, incl ...

Liaison offices of foreign entities liable to pay GST: Karnataka AAR

24 Oct

A liaison office set up in India for promoting business of its head office incorporated abroad needs to be registered mandatorily under the Goods & ...

Navi Mumbai police busts GST evasion racket, seizes silver, imitation jewellery worth ₹ 6.17 cr

24 Oct

Navi Mumbai police busted a Goods and Service Tax (GST) evasion racket and seized silver and imitation jewellery worth ₹6.17cr. The consignment was he ...

CA Student arrested in GST scam of Rs. 50.24 Crore

23 Oct

A CA Final student has been arrested for creating Fake Invoices to generate fake Input Tax Credit amounting to Rs.50.24 Crores. The officers of CGST, ...

Agreeing to grant easement rights even to original owner is service and attracts 18% GST

23 Oct

The case concerned Chennai Metro Rail Limited (CMRL) that acquired a portion of property for public purpose from an individual. The memorandum of unde ...

Businesses and govt quarrel over fraudulent ITC claims and imprisonment under GST

22 Oct

While the government has decriminalised 48 sections of the Companies Act, a controversy is brewing over jail provisions in the GST laws. The governmen ...

ITC to be restricted on Medicines used in Supply of Health Care Services

22 Oct

The Karnataka Authority of Advance Ruling (AAR) ruled that the Input Tax Credit is restricted on medicines used in the supply of health care services ...

Supply of Arhar and Green Gram to NAFED is an exempted supply

22 Oct

The Department of Agriculture, Cooperation and Family Welfare has appointed National Agricultural Co-operative Marketing Federation Limited (NAFED) as ...

GST portal experiences technical failure on last date for filing September return

21 Oct

The Goods and Services Tax (GST) portal experienced technical failure on the last day for filing the GSTR-3B for September. Over the past six days, th ...

Centre should take initiative in settling GST borrowing quantum issue: Kerala FM

21 Oct

Kerala Finance Minister Thomas Isaac on Monday asked the central government to take initiative in settling the issue of quantum of borrowing to fund g ...

Proportionate ITC can be claimed on inputs used in Installation of Renewable Power Plant

21 Oct

The Tamil Nadu Authority of Advance Ruling (AAR) ruled that Input Tax Credit can be proportionately claimed on Goods/Services used in installation of ...

Centre, states relations worsen over GST compensation

20 Oct

Opposition-ruled states’ stand mellowed after the Centre offered to borrow Rs 1.10 trillion towards goods and services tax (GST) compensation on their ...

Gujarat High Court to relook at GST on Indian units of MNCs and BPOs

20 Oct

The controversy around levying Goods and Services Tax on intermediaries has come back to the fore and the Gujarat High Court is planning to relook at ...

12% GST applicable on LED Stem (mounted on long rod), says AAR

20 Oct

The Tamil Nadu Authority of Advance Ruling (AAR) held that 12% Goods and Service Tax (GST) is payable on the LED stem. The applicant, M/s. lnventaa LE ...

Opposition states likely to take common stand on GST compensation

20 Oct

The opposition-ruled states are likely to take a common stand on Goods and Services Tax (GST) shortfall compensation following the Centre’s decision t ...

Economic chaos being spread by Central govt: Sonia on GST compensation cess

19 Oct

Congress president Sonia Gandhi on Sunday hit out at Prime Minister Narendra Modi led union government over the recent compensation controversy in the ...

FM Sitharaman writes to states explaining Rs 1.1 lakh crore borrowing window for meeting GST shortfall

17 Oct

A day after the Centre agreed to borrow Rs 1.10 lakh crore on behalf of states for meeting GST shortfall, Finance Minister Nirmala Sitharaman on Frida ...

CBIC notifies due date of GSTR-3B for October 2020 to March 2021

17 Oct

The Central Board of Indirect Taxes and Customs (CBIC) notified that the return in Form GSTR-3B of the Central Goods and Services Tax Rules, 2017 for ...

Cable TV networks in Telangana not paying GST since 2017: PIL

17 Oct

A public interest litigation petition (PIL) filed in Telangana High Court seeks the cancelling of licenses of cable television networks, direct-to-hom ...

Centre has addressed all concerns of states on compensation cess fund: Anurag Thakur

17 Oct

The Centre has accommodated all concerns of the state governments on the issue of borrowing to meet deficit in goods and services tax compensation ces ...

CBIC advises businesses to rectify GST return filing defaults

16 Oct

The Central Board of Indirect Taxes and Customs (CBIC) on October 15 urged businesses to ensure that their pending tax returns are filed as defaults c ...

Centre revises borrowing calendar for second half to accommodate GST compensation

16 Oct

The central government late on October 15 said it was modifying its borrowing calendar for the second half to operationalise a special borrowing windo ...

GST payout: Opposition states may decide on moving SC on October 16

15 Oct

Some Opposition-ruled states will take a call on Friday on approaching the Supreme Court on the issue of the Centre pressing states to borrow to meet ...

GST deadlines coming up: October 2020 is significant for mandating crucial GST Compliances

15 Oct

Recently, the Central Board of Indirect Taxes and Customs (CBIC) has issued the 2 significant notifications in respect of mandating crucial GST Compli ...

States willing to borrow need not wait for GST Council decision, says govt official

14 Oct

States which want to borrow from the market to meet the Goods and Services Tax (GST) compensation shortfall can do so without any consensus in the GST ...

Long-Term Leases Will Attract GST, Says Authority For Advance Ruling

14 Oct

Two recent decisions by the Authority for Advance Ruling will increase the tax liability on land lease transactions. At the heart of both the rulings ...

20 states allowed to borrow Rs 69,000 crore from bond market

14 Oct

A day after the stormy GST Council meeting, the Centre on Tuesday allowed 20 states, which had backed its proposal, to borrow close to Rs 69,000 crore ...

GST Council could take a call on extending the period of collecting the compensation cess to give out to states

13 Oct

The GST Council concluded the discussion without reaching any consensus for the second time in two weeks. The Centre and states last meet on October 5 ...

CBIC clarifies provisions of ITC availment restrictions for February, 2020 to August, 2020

12 Oct

The Central Board of Indirect Taxes and Customs (CBIC) issued clarification on the restrictions for availment of Input Tax Credit (ITC) under Rule 36( ...

E-Way Bill generation facility to be blocked for Taxpayers who failed to file GSTR-3B for 2 or more Tax period from Oct 15

12 Oct

The Central Board of Indirect Taxes and Customs ( CBIC ) has clarified that, E-Way Bill generation facility to be blocked for Taxpayers who failed to ...

Govt may consider allowing GST deposit on cash basis: PwC report

12 Oct

The government may consider allowing India Inc to deposit GST on cash basis to help them tide over the liquidity woes during the COVID-19 pandemic, a ...

Centre and most states to push for fund-raising at GST meet on October 12

12 Oct

The Union government is unlikely to allow voting on fund-raising by states at Monday’s GST Council meeting. It will insist that those who want to go a ...

Taxpayers will have to report only transactions pertaining to FY19 in annual GST return

10 Oct

The finance ministry on October 9 said taxpayers are required to report in the annual GST return of 2018-19 only the values of transactions pertaining ...

New GST system generates 69.5 lakh e-invoices in first week of implementation

10 Oct

As many as 69.5 lakh invoice reference numbers have been generated by 71,000 users in the first week of implementation of goods and services tax (GST) ...

GST Intelligence busts fraud exporter companies who put govt at double loss

10 Oct

GST Intelligence has busted a few exporter companies for defrauding the government through fake claims of Input Tax Credit (ITC) and cash refund of ar ...

GST Council may set up Group of Ministers on compensation shortfall

09 Oct

The Goods and Services Tax (GST) Council could consider setting up a group of ministers (GoM) to resolve the row over states having to borrow from the ...

Tourism industry seeks reduction in GST rate, tax benefits to revive sector

09 Oct

Key stakeholders of the country’s travel and tourism industry on October 8 put forward a proposal to the government that included a bunch of measures ...

Start-ups in the space sector welcome Centre's decision to scrap 18% GST on satellite launches from India

09 Oct

Indian start-ups in the space sector have welcomed the government’s latest announcement to scrap the 18% GST that is levied on firms launching Indian ...

Pre-filled GST returns to become norm from 1 Jan

08 Oct

Pre-filled tax forms and greater transparency requirements are coming to businesses in 2021, with the Goods and Services Tax (GST) Council clearing ke ...

18% GST applicable on Assignment of Leasehold Right on Land: AAR

08 Oct

The two member bench of Susmita Bhattacharya and Parthsarthi Dey ruled that the activity of assignment is in the nature of agreeing to transfer one’s ...

GST meet: Voting on borrowing options unlikely

07 Oct

The Centre is unlikely to allow any voting on the options of borrowing by states at next week’s GST Council meeting. It will say that the issue is out ...

GST: India Eases Compliance Burden For Small Businesses

07 Oct

Finance Minister Nirmala Sitharaman announced more measures to simplify filing of tax returns and reduce compliance burden on small businesses. Sithar ...

small taxpayers having turnover upto Rs 5 crore allows to file returns on quarterly basis : GST Council

06 Oct

In a bid to ease GST compliance and return filing for small taxpayers, the GST Council on October 5 allowed them to file GSTR-1 and GSTR-3B once a qua ...

GST compensation cess to stay beyond June 2022 to help states

06 Oct

After joining hands with the states at the GST Council to extend the applicability of compensation cess on cars, coal and soft drinks beyond June 2022 ...

GST Council revises requirement of declaring HSN/SAC in invoices and in FORM GSTR-1

06 Oct

The Finance Minister recommended the Revised Requirement of declaring Harmonized System Nomenclature (HSN) for goods and Service Accounting Code (SAC) ...

'Ready-to-cook' parota will be taxed at 18% under the GST - AAAR

06 Oct

MUMBAI: Parota lovers, waiting to hear if the ‘ready-to-cook’ item will be taxed at 5% or 18% under the goods and services tax (GST), will be disappoi ...

GST Council to meet today: Stage set for stormy session as compensation dues issue to take centre stage

05 Oct

The Goods and Services Tax (GST) Council is set to meet on October 5 for the first time after the Centre provided the states with two borrowing option ...

GST shortfall: Opposition-ruled states to ask for dispute resolution mechanism at Council meet

05 Oct

The Opposition-ruled states have decided to ask the Centre to put in place a dispute resolution mechanism to address the contentious issue of Goods an ...

GST E-Invoice: CBIC amends rules related to Invoice Reference Number & QR Code

03 Oct

The Central Board of Indirect Taxes and Customs (CBIC) notified the amendments from Tax Invoice compliances under GST Rules on Invoice Reference Numbe ...

GST Credit Will Impact Pharma, Textile Sectors: Madras High Court

03 Oct

In August, the Gujarat High Court allowed a footwear company to claim refund of unused goods and services tax credit. But last week, infrastructure, t ...

After surge in GST collections, e-way bills hit record high

02 Oct

Finance Secretary Ajay Bhushan Pandey today said amid early signs of recovery, e-way bills have hit a record high. In September, more than of 5.74 cro ...

Opposition-ruled states refused to change their mind against centre’s borrowing options

02 Oct

Ahead of the crucial meeting of the Good and Services Tax (GST) Council on October 5, the Opposition-ruled states have dug in their heels against the ...

GST collections show rise for first time after 6 months

02 Oct

Goods and services tax (GST) collections grew 4% to Rs 95,000 crore in September — the first rise after six months of decline — indicating a recovery ...

GST annual return filing for 2018-19 due date extended till Oct 31

01 Oct

The Centre has given more time to taxpayers in yet another compliance measure as it extended the due date to file GSTR-9 and GSTR 9C for 2018-19 by a ...

CBIC gives 30-day grace period for those not yet ready for GST e-invoice

01 Oct

Businesses not yet prepared for generating Goods and Services Tax (GST) e-invoices despite having got about nine months to prepare for, have been give ...

CBDT authorizes DG of Income Tax to Upload GST Return Information in Form 26AS

01 Oct

The Central Board of Direct Taxes (CBDT) authorized the Principal Director General of Income-tax (Systems) or Director General of Income-tax (Sy ...

AAAR affirms applicant can’t charge 12% GST under Forward Charge Mechanism as a GTA

30 Oct

The Maharashtra Appellate Authority of Advance Ruling (AAAR) affirmed the AAR’s ruling and held that the applicant can not charge GST at the rate of 1 ...

18% GST is leviable on consideration received on Sale of TDR and FSI: AAAR

30 Oct

The Maharashtra Appellate Authority of Advance Ruling (AAAR) affirmed the AAR’s ruling and held that 18% GST is leviable on sale of Transferable Devel ...

Madhya Pradesh HC Grants Bail To Person Accused Of GST Fraud

29 Oct

The Madhya Pradesh High Court has granted bail to an accused person in case of GST evasion, for alleged fabrication of invoices and upload of the same ...

GST e-invoicing mandatory for B2B transactions from October 1

28 Oct

No further relaxation is likely in terms of e-invoicing as the Centre is set to go ahead with the decision to make GST e-invoicing mandatory for compa ...

Rajasthan High Court quashes order freezing Bank Account beyond 1 year

28 Oct

The Rajasthan High Court quashed the order freezing the bank account of the petitioner for more than 1 year. The investigation had been initiated agai ...

Temporary retention of GST compensation in the Consolidated Fund isn't diversion: FinMin Sources

28 Oct

Temporary retention of goods and services tax (GST) compensation in the Consolidated Fund of India (CFI) pending reconciliation cannot be termed as di ...

GST e-invoicing to start from Oct 1, as planned: GSTN CEO

26 Oct

The plan to introduce the e-invoicing regime from October 1 will not be postponed. This was revealed by GST Network (GSTN) CEO Prakash Kumar at Friday ...

CAG has highlighted discrepancies in GST registration in its report

26 Oct

In the latest report that has been tabled in the Gujarat assembly, the comptroller and auditor general (CAG) has highlighted discrepancies in approval ...

40% of cess collected by centre not going to designated funds: CAG

26 Oct

The Comptroller and Auditor General has pulled up the government for diverting a large chunk of the money it collected as cess to the general pool mak ...

Centre violated GST Compensation Cess Act, used funds allocated for states elsewhere

25 Oct

The Comptroller and Auditor General of India has found that the Centre violated its own law on the Goods and Services Tax regime and retained Rs 47,27 ...

Kerala HC orders CDRSL to pay GST on Input Services and then claim ITC and refund

25 Oct

The Kerala High Court ordered the petitioner CIAL Duty Free and Retail Services ltd. (CDRSL) to pay the GST on input services including Concession Fee ...

Patiala House Court grants Bail to person accused of availment of Ineligible ITC to the tune of Rs.24 Cr

25 Oct

The Patiala House Court, Delhi granted the bail to the person accused of availment of ineligible Input Tax Credit (ITC) to the tune of Rs. 24 Crores.T ...

GST Council likely to approve two-year extension of compensation cess levy

24 Oct

The GST Council is likely to approve a two-year extension of compensation cess levy on goods and services to allow Centre to pay entire shortfall in G ...

Delhi High Court rejects plea challenging 5% GST on all varieties of fabrics

24 Oct

The Delhi High Court rejected the plea challenging 5% GST on all varieties of fabrics falling under Chapters 50 to 63 of the Customs Tariff in further ...

Gujarat HC directs Release of Goods and Vehicle Confiscated on deposit of Rs.1.70 Lakh along with Bank Guarantee

24 Oct

The writ applicant, M/s Radha Tradelinks Pvt. Ltd. is engaged in the business of areca nut, spices, etc. A consignment of areca nut was transported fr ...

Notional Interest on Security Deposit, Property Tax forms part of ‘Rental Income’: Karnataka AAR

23 Oct

The Karnataka Authority for Advance Ruling (AAR) has adjudged that no deduction towards property taxes is allowed from the value of renting of immovab ...

CBIC waives off Late Fee on failure to furnish the GSTR-10 return

23 Oct

The Central Board of Indirect Taxes and Customs (CBIC) waived off the late fee payable for failure to furnish the return in FORM GSTR-10.As per sectio ...

CBIC extends due date of E-Way Bill for goods sent/taken on approval

22 Oct

The Central Board of Indirect Taxes and Customs (CBIC) extended the due date of GST compliance and validity of the e-way bill till October 31, 2020 in ...

GST-registered businesses will soon get pre- filled Return form, GSTR-3B

22 Oct

"We are moving towards providing taxpayers with a pre- filled GSTR-3B form so that they can pay their taxes at ease. To start with, an option to edit ...

GST Authorities can now recover only interest on net cash liability.

22 Oct

The GST authorities will be able to recover only the interest on net cash liability from taxpayers since the introduction of the new tax regime, the C ...

Borrowing :Opposition-ruled states harden stance.

22 Oct

Opposition-ruled states have hardened their stance on center's borrowing options to meet goods and services tax compensation cess deficit with some th ...

Government looks to extend faceless assessment scheme to 8 more Income Tax proceedings

21 Oct

The government has proposed to extend the faceless assessment scheme to almost all proceedings under the income tax law, including for collection and ...

States that don't choose one of Centre's borrowing options may not get GST dues till June 2022

21 Oct

Any state that does not choose one of the borrowing options offered by the Centre to compensate for the revenue loss on account of goods and services ...

Govt indicates that it has required support from states and UTs to push its GST formula

21 Oct

The government on Sunday indicated that it had the required support from states and Union Territories to push through its GST compensation formula, af ...

Centre not breaking its promise to compensate states for any GST revenue loss: FM

19 Oct

Finance minister Nirmala Sitharaman said the Centre is not reneging on its promise to compensate states for any revenue loss due to the transition to ...

GST reduction on fans to 5% will boost product sales, says IFMA

19 Oct

The goods and services tax (GST) reduction from 18 percent to 5 percent on fans will help boost the product sales, said the Indian Fan Manufacturers A ...

Uniformity in GST rates necessary for sustained growth of mining sector: FIMI

19 Oct

Miners' body FIMI on Friday said the mining industry is passing through a period of high uncertainty and stressed that uniformity in GST rates is nece ...

Cash can be seized in GST Search as it’s covered under definition of ‘Things’: Madhya Pradesh HC

18 Oct

The Madhya Pradesh High Court said that cash can be seized in Goods and Service Tax (GST) search as it is covered under definition of ‘Things’.The pet ...

Auto companies should cut royalty payments, instead of asking the government to reduce GST: FinMin Sources

18 Oct

Auto companies should cut costs by reducing royalty payments to their parent companies abroad instead of asking the government to reduce GST, finance ...

Industry bodies and MNCs seek deferment of mandatory e-invoicing till January

18 Oct

Industry bodies and multinational companies have sought deferment of mandatory e-invoicing till January 1 next year, seeking more time to implement re ...

Exempt GST on Special Protection Force from April to September says TTD Board

17 Oct

TTD Board of Trustees chairman YV Subba Reddy has requested the Center to exempt the Tirumala Tirupati Devasthanams (TTD) from the burden of GST ...

NAA finds Pinky Sales guilty for not passing benefit of GST Reduction on Footwear to its customers

17 Oct

The National Anti-Profiteering Authority (NAA) has found M/s Pinky Sales guilty of profiteering by not reducing prices in respect of the supply of foo ...

GST be imposed on wellness centres depending on services offered: Gujarat AAR

16 Oct

Wellness facilities may become costlier for consumers with the Gujarat-based authority for advance rulings (AAR) calling for the imposition of 18 per ...

Odisha to amend GST Act to make fraud in input tax credit non-bailable

16 Oct

Faced with rising cases of fraud in input tax credit, the Odisha government plans to amend the Odisha Goods and Services Tax making fraudulent input t ...

Gym owners urge state govts to open gyms, seek lower GST & other measures to revive industry

16 Oct

IndiaActive, an association of stakeholders in the fitness industry, has urged the governments of Maharashtra, Bihar and Jharkhand to allow the reopen ...

GST Council can ask Centre to let states borrow to compensate shortfall: Attorney General

16 Oct

The Goods and Services Tax (GST) Council is empowered to ask the Central government to permit the states to borrow for meeting GST compensation shortf ...

Businessman arrested for tax evasion in Raipur

15 Oct

A businessman involved in steel and cement trading was arrested in Chhattisgarh's capital Raipur on September 12 for allegedly evading taxes of over R ...

13 states submit borrowing option to Centre to fund GST shortfall

14 Oct

As many as 13 states ruled by the BJP and parties that have supported it on various issues have submitted their borrowing options to the Centre to mee ...

Extend GST annual return filing deadline by 3 months: ICAI

14 Oct

The Institute of Chartered Accountants of India (ICAI) has written to the GST Council seeking deferment of 2018-19 GST annual return filing deadline b ...

GST Council meeting postponed to October 5: Sources

14 Oct

The GST Council meeting slated for September 19 has been postponed to October 5, sources said on Friday.The 42nd meeting of the Council has been postp ...

42nd GST Council meet deferred to first week of October

12 Oct

The 42nd meeting of the Goods and Services Tax (GST) Council, which was scheduled to be held on September 19, has now been deferred to the first week ...

GST Council likely to consider 18% rate on all kind of sanitizers in next meeting

12 Oct

GST Council in its next meeting is likely to decide on 18 pc rate on all kind of sanitizers. Currently, while non-alcohol based sanitizer attracts 12 ...

Central Government's failure to pay compensation to states is setting the stage for a showdown

12 Oct

Central government has failed to pay states the compensation it promised for supporting a nationwide tax reform, setting the stage for a showdown betw ...

IRDAI seeks GST rate cut from 18% to 5% on life and health insurance premiums

11 Oct

Life and health insurance premiums could soon attract lower GST to make them attractive for customers, if Insurance Regulatory and Development Authori ...

Hiring of Motor Vehicle for transportation of Employees for Workplace is eligible for ITC

11 Oct

The Maharashtra Authority of Advance Ruling (AAR) ruled that the Input Tax Credit (ITC) is available to Applicant on GST charged by the service provid ...

Handset makers can save costs due to GST-customs portal integration

11 Oct

Mobile phone makers can save custom compliance costs on imports of devices and components as the government has linked two mammoth databases by integr ...

Consent of states on compensation issue is unlikely in GST Council

10 Oct

The Goods and Services Tax (GST) Council is divided along political lines with just a few days to go for the start of the monsoon session of Parliamen ...

Karnataka AAR Allows ITC on Equipment, Furniture, Reagents/consumables used for Performing Test

10 Oct

The Karnataka Authority of Advance Ruling (AAR) ruled the Input Tax Credit (ITC) can be availed on equipment, furniture, reagents/consumables used for ...

Local transportation services without providing accommodation not entitled to concessional GST rate of 5%: AAR

10 Oct

The Rajasthan Authority of Advance Ruling (AAR) ruled that 5% GST is not applicable on local transportation services.The applicant sought the advance ...

Opposition states insist Centre must borrow for GST compensation

09 Oct

Opposition-ruled states are unlikely to budge on their stance and insist that the Centre should borrow to compensate them for the revenue loss on acco ...

Goods can’t be detained if payment of GST is not mentioned on E-Way Bill: Kerala HC

09 Oct

The Kerala High Court held that goods can’t be detained for non-mention of payment of GST on the e-way bill as per the SGST Act, 2017, and R.138A of S ...

Center committed to pay full GST compensation to states

08 Oct

The Union government is committed to compensate states for their entire Rs 2.35 lakh crore Goods and Services Tax (GST) shortfall in 2020-21 irrespect ...

Goods can’t be detained merely on the basis that Consignee mentioned as Unregistered Person in E-Way Bill: Kerala HC

08 Oct

The Kerala High Court held that goods can not be detained merely on the basis that the consignee was mentioned as an Unregistered Person in E-Way Bill ...

Excise officials to go on mass leave for alleged GST evasion

07 Oct

Excise and taxation officials today announced that they would proceed on a two-day mass leave on September 7 and 8 for alleged witch-hunting in the Go ...

Focus on decriminalising offences and wider use of compounding provisions in GST laws

07 Oct

The pace of a comprehensive review of GST laws has accelerated with a special focus on decriminalising offences and wider use of compounding provision ...

GST scam investigated by officer delayed, as Sola Civil Hospital fails to submit crucial papers

05 Oct

Tax evasion of over Rs 2 crore has allegedly been unearthed at GMERS Medical and Sola Civil Hospital. A housekeeping agency from Bhavnagar that outsou ...

Penalty can’t be levied on Nani Resorts & Floriculture Pvt. Ltd. for denying benefit of ITC to Flat buyers: NAA

05 Oct

The National Anti-Profiteering Authority (NAA) found M/s Nani Resorts & Floriculture Private Limited guilty of profiteering but did not impose the ...

Javadekar hints at possibility of GST rate cut for vehicles

05 Oct

Union Minister Prakash Javadekar on Friday lent his weight to the automobile industry’s demand for a reduction in GST rate to boost growth, saying he ...

GST e-invoicing mandatory from October 1 for big companies

04 Oct

‘E-Invoicing’ has been one of the most discussed topics for the past month and it has made its way to the to-do lists of all large corporates having G ...

Penalty can’t be levied on S3 Buildwell Pvt. Ltd. for denying benefit of ITC to Flat buyers: NAA

04 Oct

The National Anti-Profiteering Authority (NAA) found M/s S3 Buildwell Private Limited guilty of profiteering but did not impose the penalty for denyin ...

Mamata claims ‘betrayal’; Karnataka opts for special window for GST compensation

04 Oct

JOINING THE demand by non-BJP ruled states that the Centre should borrow to meet the compensation deficit under the Goods and Services Tax (GST) regim ...

Tussle over GST dues is biggest tension point in federal system

03 Oct

The tussle between the Centre and states over the goods and services tax (GST) compensation is “the biggest tension point in the federal system", Kera ...

Telangana CM urges centre to take up responsibility of compensating states

02 Oct

Telangana Chief Minister K Chandrasekhar Rao has urged Prime Minister Narendra Modi to drop the proposal asking the states to go for borrowing to meet ...

GST council must fill revenue gap by consent of all, not majority: Opposition

02 Oct

After rejecting the Centre's two borrowing options on goods and services tax shortfall compensation, the Opposition-ruled states have demanded that th ...

GST collection at Rs 86,449 crore in August 2020

02 Oct

The gross GST collection in August stood at Rs 86,449 crore, down from Rs 87,422 crore collected in July, the Finance Ministry said on Tuesday.The rev ...

Consider more legally viable options for GST dues to states: Delhi CM

02 Oct

Delhi Chief Minister CM Arvind Kejriwal on Tuesday (September 1) wrote to Prime Minister Narendra Modi over Goods and Services Tax (GST) compensation ...

Govt extends FY 20 GSTR-4 filing date for composition dealers till October 31

01 Oct

The government on Monday extended by 2 months the due date for filing of annual GST returns for 2019-20 by composition dealers to October 31. This is ...

Seven States, One Union Territory Oppose Centre’s Proposal To Meet GST Shortfall

01 Oct

As many as seven non-BJP ruled states, including Kerala and Punjab, besides Union Territory Puducherry on Monday rejected the central government's sug ...

Punjab wants arbitration to settle GST disputes

01 Oct

Punjab has demanded the setting up of an arbitration mechanism provided under the GST laws to settle disputes, even as several Opposition-ruled states ...

Tamil Nadu and Kerala rejects Centre’s options for GST compensation

01 Oct

Chief Minister Edapaddi K. Palaniswami has written to Prime Minister Modi urging him agree to a mechanism in which the Centre would raise the required ...

Centre unlikely to change the GST compensation formula

31 Oct

The government is unlikely to give in to demands for changing the compensation formula for goods and services tax (GST) despite opposition-ruled state ...

GST Network starts providing auto-drafted ITC statement to taxpayers

31 Oct

The GST Network on August 29 started providing auto-drafted input tax credit (ITC) statement GSTR-2B which would assist the taxpayers in determining t ...

Forcing GST debt on states will lead to 'brute power of centralism': Bengal FM

31 Oct

West Bengal finance minister Amit Mitra on Sunday said that the Centre's suggestion to states to borrow for meeting the shortfall in revenue from Good ...

Opposition ruled states likely to reject Centre’s GST options

31 Oct

A number of states, particularly opposition-ruled ones, are set to reject the two borrowing options proposed by the Centre to meet the deficit in the ...

GST compensation fund likely to continue beyond 5 year transition period

31 Oct

The Goods and Service Tax (GST) compensation fund can continue beyond the five-year transition period if a steep fall in revenue from the levy means t ...

RBI likely to prefer borrowing by center on behalf States for GST compensation

29 Oct

The Reserve Bank of India (RBI) is likely to prefer that the Centre borrows and gives money to the states toward goods and services tax (GST) compensa ...

After FM said two-wheelers merit a GST cut, bike makers fear buyers may postpone purchases

29 Oct

The two-wheeler industry’s hopes were dashed on August 27 when Finance Minister Nirmala Sitharaman made no announcement about a reduction in goods and ...

GST rate cut will boost two-wheeler firms' Earning Per Share

29 Oct

A GST rate cut would be positive for two wheelers and boost their earnings per share, global brokerage CLSA said on Friday.Indian Finance Minister Nir ...

Easing FRBM limit by 50 bps not adequate, say Kerala, Punjab

29 Oct

Kerala is set to reject both borrowing options put on the table by the Centre to meet the GST compensation shortfall for FY21, even as other states qu ...

After 5-hr meet on GST compensation, states get 7 days to choose from 2 options

28 Oct

The Centre on Thursday offered two options to states to compensate them amid inadequate cess collections under the goods and services tax (GST) regime ...

GST panel considers borrowings to compensate states

28 Oct

The Centre and states on Thursday converged on the need to borrow more funds to meet the latter’s compensation requirement due to an estimated Rs 3-la ...

GST hike on tobacco products may bring double whammy; tobacco farming gives livelihood to crores of people

28 Oct

With dwindling GST collections due to pandemic induced lockdown and sluggish recovery in demand, GST Council in its 41st meeting is likely to delibera ...

A GST cut may prove to be encouraging for two-wheeler companies

28 Oct

The observation by the finance ministry that the two-wheeler sector merits a lower GST (goods and services tax) rate may result in another round of st ...

Proposals presented by finance minister on GST compensation are unclear: states

28 Oct

The two options presented by finance minister Nirmala Sitharaman towards the end of the marathon GST Council meeting on Thursday have left states with ...

Two-wheelers to become cheaper, GST Council may revise tax slab in its meeting

27 Oct

A good news may come for two-wheeler companies and the customers as the GST Council meeting on Thursday. Finance Minister Nirmala Sitharaman had signa ...

No recovery of interest on gross basis for past GST dues: CBIC

27 Oct

Central Board of Indirect Taxes and Customs (CBIC) on Wednesday clarified that Goods and Services Tax (GST) authorities will not recover interest from ...

Before the GST Council meet, opposition states accuse Centre of ‘betrayal'

27 Oct

A day earlier than the crucial GST Council meeting to debate compensation cost to states, states ruled by opposition events accused the Narendra Modi ...

States may require more than 3 Lakh Crore GST compensation in FY21

27 Oct

States may need compensation in the range of Rs 3.1-3.6 lakh crore this year for a “shortfall” in GST collections, with additional market borrowings a ...

GST rates may be revised for two wheelers, says FM Nirmala Sitharaman

26 Oct

Finance Minister Nirmala Sitharaman on Tuesday said the Goods and Services Tax (GST) Council would look into the auto industry’s demand for lowering t ...

States will face tax crisis due to Covid-19

26 Oct

The Covid-19 pandemic has worsened the economic slowdown in India. The slowdown was evident with a slide in the GDP growth rate since the last quarter ...

GST Council like apex authorities can be set up for land, labour, power: RBI

26 Oct

The Reserve Bank on Tuesday suggested setting up GST Council type apex authorities for land, labour and power to drive structural reforms and expedite ...

GST tax rates have reduced significantly under GST regime: FM

25 Oct

GST, which subsumed about 17 local levies, was rolled out on July 1, 2017. Jaitley held the finance portfolio in the first term of the Modi government ...

Compensation cess on tobacco products can generate Rs 49,740 crore: GST Council

25 Oct

Public health groups along with doctors and economists have urged the GST Council to increase compensation cess on all tobacco products which is expec ...

All India Food Processors' Association (AIFPA) seeks lower GST rates on packaged food products

25 Oct

Ahead of the GST Council meeting on 27 August, the All India Food Processors’ Association (AIFPA), an industry body that represents several large and ...

44 top Indian companies challange Indirect Tax Department over anti profiteering under GST

25 Oct

The Delhi High Court (HC) on Monday heard 37 goods and services tax (GST) anti-profiteering writ petitions, including ones filed by Johnson & John ...

Regional beverage companies under intense scrutiny from GST officials

25 Oct

Regional beverage makers are facing heightened scrutiny from GST officials over tax evasion as many of them were found to be claiming that their proud ...

Aadhaar authentication for new GST registration is active from August 21

24 Oct

"Aadhaar authentication for new registration would substantially enhance ease of doing businesses for genuine businesses," he said. "This measure is e ...

CBIC makes virtual hearing mandatory for GST appeal cases

24 Oct

The CBIC has asked GST field offices to conduct hearings in GST appeal cases via video conferencing for their expeditious disposal while ensuring soci ...

Indian Beverage Association asks Finance Minister to remove colas from sin tax

24 Oct

The Indian Beverage Association (IBA), which represents the country’s biggest soft drinks makers including Coca-Cola, PepsiCo, Parle Agro and Red Bull ...

GST Registration after Physical Verification of Biz Place If Aadhaar Not Authenticated: CBIC

22 Oct

In a notification, the Central Board of Indirect Taxes and Customs (CBIC) said when an applicant for GST registration opts for authentication of Aadha ...

41st GST Council Meet: Covid Makes For Grim Backdrop As Battle Brews Over Revenue Sharing

22 Oct

The Goods and Services Tax (GST) Council has scheduled two important meetings on August 27 and September 19. Finance Minister Nirmala Sitharaman had e ...

How a Builder Escaped Penalty Despite Being Guilty Of Profiteering

22 Oct

In a first of its kind order dated 14th Aug 2020, the National Anti-profiteering Authority (NAA) has given a reprieve to a real estate company despite ...

41st GST Council Meet: Compensation to states for revenue losses under the indirect tax regime

21 Oct

The Goods and Services Tax (GST) Council has scheduled two important meetings on August 27 and September 19, according to senior Government sources. F ...

NAA didn’t impose Penalty on Eldeco Infrastructure for denying benefit of ITC to Flat Buyers

21 Oct

The National Anti-Profiteering Authority (NAA) found M/s Eldeco Infrastructure & Properties Private Limited guilty of profiteering but did not imp ...

Hike in cess on sin goods like cigarettes on the agenda of August GST Council meet

20 Oct

The much-awaited Goods and Services Tax (GST) Council meeting is likely to be held on August 27 and another meeting will be scheduled on September 19, ...

Madhya Pradesh HC grants Bail to Promoters of Bhopal based Som Distilleries for alleged Tax Evasion

20 Oct

The Madhya Pradesh High Court granted the bail to the promoters of Bhopal based Som Distilleries for alleged Tax Evasion on furnishing a personal bond ...

Functionality to help GST payers on ITC eligibility enabled by GST Network

19 Oct

GST Network on Tuesday said it has enabled a functionality to help GST payers know their input tax credit (ITC) eligibility in their Annual Return, ma ...

Rajasthan HC directs GST Council to accept the filing of TRAN-1 for petitioners to get the benefit of CENVAT Credit

19 Oct

The Rajasthan High court directed the GST Council to issue a recommendation to the Commissioner to enable petitioners to get the benefit of CENVAT cre ...

HC rejects the plea seeking lower GST on Sanitizers and Masks

19 Oct

A public interest litigation (PIL) was on Friday moved in the Delhi High Court seeking direction to the center to classify masks and sanitizers as ess ...

GST Council To Explore Making E-Way Bills Must For Moving Gold Within States

18 Oct

A Group of Ministers has agreed that states can individually decide to make e-way bills mandatory for the movement of gold within their territory to c ...

Punjab and Haryana HC: GST Authorities to consider PIL for Reclassification of AUS Ingredient Based Sanitizers

18 Oct

The Punjab and Haryana High Court directed the GST Authorities to consider PIL for reclassification of Ayurvedic/ Unani/ Siddha (AUS) Ingredient Based ...

Inspection, Search, and Seizure for goods kept under illegal custody upheld by Kerala HC

18 Oct

The Kerala High Court upheld the inspection, search and seizure under Section 67 of the CGST Act for goods kept under illegal custody and an amount of ...

Mixed response from jewellery sector on reverse mechanism proposal

17 Oct

A proposal by a group of ministers for GST amendment on the gem and jewellery sector elicited a mixed response from the trade.To plug loopholes in col ...

Notice to GST Commissioner for various TRAN issues: Madras HC

17 Oct

The Madras High Court issued the notice to the Commissioner and Assistant Commissioner of Central Excise and GST for various TRAN issues. In the writ ...

View: Clean up GST, to increase income tax collections

17 Oct

The Prime Minister has launched a tax reform programme that would further reduce the personal interaction between taxmen and taxpayers. This is meant ...

22% hike in GST collection this July in Faridabad

17 Oct

The GST collection in the district, which took a severe beating in April this year due to the lockdown, has charted a recovery path. While it has grow ...

Over Rs 17 crore tax evasion by cement manufacturer detected by GST intelligence

13 Oct

The GST intelligence officials have detected over Rs 17 crore tax evasion by a major cement manufacturer in Satna and arrested one of its directors, a ...

Coming soon: GST technological maintenance to ease compliance and fill up leaks

13 Oct

Filing goods and services tax (GST) returns will be easier with technological changes set to be introduced over the next few months, while putting on ...

AAR rules that manufacturing and supply of Railway Parts will attract 12% GST rate

13 Oct

The Authority of Advance Ruling (AAR), Karnataka ruled that 12% GST applicable to manufacturing and supplying of the Railway parts including knuckle, ...

GST Council likely to consider hiking cess on sin goods

13 Oct

The upcoming GST Council, which shall meet on only single point agenda, anytime in August, to iron out measures to meet the compensation requirements, ...

AAR denies ITC on GST paid on lease premium charges towards Land lease for business purpose

13 Oct

The Telangana Authority of Advance Ruling (AAR) held that the applicant, M/s. Daicel Chiral Technologies (India) Private Limited is not eligible to av ...

Telangana AAR: 5% GST on Food Supplied to Hospitals

13 Oct

The Telangana State Authority of Advance Ruling (AAR) ruled that 5% GST is applicable on food supplied to hospitals including private hospitals, gover ...

GSTR 1 and 3B to be linked to determine input tax credit and liability

11 Oct

In an effort to plug goods and services tax (GST) evasion and frauds and ease compliance, the existing GST return filing system is being enhanced to h ...

Company found Guilty for Profiteering for not reducing base price when GST was reduced from 28% to 18%: NAA

11 Oct

The National Anti-Profiteering Authority (NAA), while imposing a penalty on a Company for not reducing the base price despite the GST rate reduction f ...

Tax Officials directed by Madras High Court to grant GSTN for Transition of Credit

11 Oct

The Madras High Court directed the Commercial Tax Officials Goods and Service Tax Network(GSTN) for migration or transition of credit.The petitioner, ...

Experts bat Smooth execution of GST filing system without technical glitches

11 Oct

Smooth execution sans technical glitches is critical for the revamped and simplified goods and service tax (GST) return filing system, said experts.Th ...

Coaching classes are not eligible for GST exemption: AAR

10 Oct

Coaching classes are not exempt from the Goods and Services Tax (GST) and will attract a GST at 18 per cent, this was reiterated by a ruling given by ...

CBIC facilitates Functionality to file Revocation Application for cancelled GST Registration

10 Oct

The Central Board of Indirect Taxes and Customs ( CBIC ) has enabled the Functionality to file revocation application for canceled GST Registrat ...

Generation and quoting of DIN on any communication to GST Taxpayers mandated by Kerala GST Dept.

10 Oct

The Kerala GST department on Tuesday mandated the generation and quoting of Document Identification Number (DIN) on any communication to GST Taxpayers ...

AAR: Immovable Properties with No Distinct Goods and Services attract Work Contracts

08 Oct

The Authority of Advance Ruling (AAR) Maharashtra came up with a ruling that clarifies that immovable properties with no distinct goods and services w ...

GST e-invoices to roll out from October 1 for companies with revenue above 500 Crore

08 Oct

Implementation of e-invoicing for companies over Rs 500 crore revenue will begin from October 1, the Group of Ministers on information technology for ...

Offline Tool to prepare Form GSTR-4 Annual Return by Composition Taxpayers enabled by GST portal

08 Oct

The Goods and Services Tax (GST) Portal has enabled the offline tool to prepare to form GSTR-4 Annual Return by Composition Taxpayers. An EXCEL based ...

GST Returns data for the year 2017 restored on GST Portal

07 Oct

The Goods and Services Tax ( GST ) Portal has restored the GST Returns data for the year 2017. In a statement published in GST Portal said that, ...

AAR: Amount recovered from Other Government departments for doing Research Work & Study, to make policies is exempted

07 Oct

The Madhya Pradesh Authority of Advance Ruling (AAR) ruled that the amount recovered by the applicant, Atal Bihari Vajpayee Institute of Good Governan ...

Notices to large number of firms declaring lower sales to avoid tax

07 Oct

Businesses used to under-report their turnovers and investment sizes, sometimes floating new companies and carving out part businesses to them, in ord ...

Network capacity of GST portal doubled to handle 3 Lakh users

07 Oct

Taxpayers can look forward to fewer glitches on the Goods and Service Tax (GST) portal while filing returns and submitting documents as the portal has ...

Fiscal health of states exposed to key risk

06 Oct

The state governments, which are at the frontline of addressing the COVID-19 pandemic, are facing a severe revenue shock, which could be exacerbated b ...

Toyota forced to go slow on hybrids due to Covid, High GST rates

06 Oct

The pandemic and high GST rates have forced Toyota Kirloskar Motor to postpone the launch of the hybrid version of some of its models even as the curr ...

Punjab’s GST inflow 38% short in April-July

05 Oct

The Punjab government has suffered a dent of 38% in its gross goods and services tax (GST) collection in the first four months of the current fiscal d ...

Delhi HC allows Samsonite to deposit Profiteered Amount within 6 months

05 Oct

The Delhi HC via video conferencing allows Samsonite to deposit the principal profiteered amount of Rs. 21.2 crores (after adjustment of Rs. 3 crores ...

Tax credit on services under GST allowed by Gujarat HC

04 Oct

The Gujarat High Court has allowed a footwear company to claim credit for taxes paid on service inputs under the goods and services tax (GST) regime, ...

GST collections drop to Rs 87,422 crore in July

04 Oct

Goods and Services Tax collections in India are limping back to normalcy with the government clocking gross GST revenue of Rs 87,422 crore in July 202 ...

Due date for filing GST returns extended

04 Oct

The Delhi Goods and Service Tax Department notified the Delhi Goods and Services Tax (Tenth Removal of Difficulties) Order, 2019.For the purpose of fu ...

GST e-invoicing for businesses notified by CBIC

01 Oct

The Central Board of Indirect Taxes and Customs (CBIC) has notified e-invoicing for businesses with turnover above Rs 500 crore, increasing the thresh ...

Govt junks new GST return format

01 Oct

The staff and officials at the GST Network (GSTN), the IT backbone of the GST, are apparently disappointed at the government's decision to junk the ne ...

Gujarat HC reads down Explanation to GST Rule denying Refund

01 Oct

A two-judge bench of the Gujarat High Court has categorically held that the Explanation (a) to Rule 89(5) of the CGST Rules which denies the refund of ...

CBIC notifies Schema for E-Invoice, SEZ units excluded

31 Oct

The Central Board of Indirect Taxes and Customs ( CBIC ) on Thursday notified the Schema for E-Invoice for implementing e-invoicing, a form of electro ...

Centre not obliged to pay for shortfall in GST compensation fund

31 Oct

The Attorney General has opined that there is no obligation on the central government to pay the GST compensation shortfall to states and the GST Coun ...

Govt tells panel it has no money to pay states their GST share

31 Oct

Three years since the grand launch of the GST regime in 2017, the government has for the first time admitted that it has no money to pay the state gov ...

Pressure on states for GST rate rationalisation

30 Oct

States are under fresh pressure to agree to rationalisation of GST rates by reworking slabs and raising the levy on garments and footwear as the Centr ...

GST intelligence unearths role of mafia

30 Oct

Agents transporting goods like arecanut to other states take GST registration in the name of economically backward people; if the consignment is caugh ...

GST council can take call on borrowing from market

30 Oct

The attorney general has said the Goods and Service Tax (GST) Council can decide whether a market borrowing mechanism can be established to compensate ...

GST cess falls 42% short in FY20

29 Oct

The Centre made up a 42% shortfall in Goods and Services Tax compensation cess collection in 2019-20 by using balance of cess from previous years, plu ...

Relief likely for auto sector on GST, road tax, cess

29 Oct

In light of the ongoing difficulties being faced by the Indian auto industry, the government is in the process of formulating a policy that would driv ...

Centre pays ₹13,000 crore GST compensation to States and UTs

28 Oct

The Centre has released the last tranche of GST Compensation amounting over ₹13,000 crore to States and Union Territories. With this, the total pay-ou ...

Taxmen dodge massive GST fraud as exporters claiming Rs 2,000 cr refund go missing on verification

28 Oct

As many as 1,474 exporters have gone untraceable after fraudulently claiming over Rs 2,000 crore of integrated GST (I-GST) refunds, in what shows the ...

Guidelines to file periodic Return in GSTR-3B to avoid Incorrect Disclosure of ITC issued by Kerela Government

27 Oct

The Commissioner of Kerala Goods and Service Tax issued the detailed guidelines in the form of a circular so as to guide people to file the periodic r ...

Penalty proceedings of 75 Cr. against Patanjali Ayurved by Anti-Profiteering Authority stayed by Delhi High Court

27 Oct

The Delhi High Court on Friday stayed the penalty proceedings initiated against Patanjali Ayurved for allegedly profiteering Rs 75 crore through sale ...

Praja Arogya Vedika (PAV) has appealed to Exempt GST on COVID products

27 Oct

Praja Arogya Vedika (PAV) has appealed to Union Finance Minister Nirmala Sitharaman to exempt all COVID-19 related equipment/products, including soaps ...

Racket involved in Rs 150 crore GST evasion unearthed in Surat

25 Oct

A racket involved in fradulently availing Goods and Services Tax (GST) credit has been busted in Surat by Directorate General of Goods and Services Ta ...

M/S MAGNAMIND VENTURES (P) LTD. Versus THE STATE OF KERALA

25 Oct

On 21.05.2020 when the matter came up for admission court directed the learned Counsel to get specific instructions as to how much amounts can be paid ...

Government dumps new GST return system; existing one will be continued with modified version

24 Oct

The government plans to improve existing GST return filing system instead of rolling out a new model. The new system was supposed to be launched on 1 ...

GST e-invoicing for businesses with Rs 500-cr turnover from Oct 1

24 Oct

The government will notify a new GST e-invoice scheme under which businesses with turnover of Rs 500 crore and above will generate all invoices on a c ...

Directions from Chhattisgarh HC: Allow TRAN-1 & TRAN-2 Return Filing If failure of Appellant was due to Technical Glitches on Common Portal

24 Oct

The Chhattisgarh High Court directed the Commissioner to refer the matter to the GST Council so as to allow TRAN-1 & TRAN-2 return filing if failu ...

Finance Secretary says, GST rates can be reduced further as tax base increases

24 Oct

GST rates can be reduced further once the tax base increases and everyone pays taxes properly, Finance Secretary Ajay Bhushan Pandey said on Thursday. ...

No Input Tax Credit can be claimed on Purchase of Paver Blocks laid on Land: Maharashtra AAR

23 Oct

The Maharashtra Authority of Advance Ruling (AAR) ruled that Input Tax Credit (ITC) cannot be claimed on the purchase of paver blocks laid on land.
...

Directorate General of GST Intelligence detects Rs 72 crore tax evasion

23 Oct

The Directorate General of Goods and Service Tax Intelligence unveiled evasion of tax of more than Rs 72 crore by a racket of clandestine clearance of ...

AAR rules that 18% GST is applicable on renting non A/C buses in the name of APSRTC

23 Oct

The Authority for Advance Ruling(AAR) of Andhra Pradesh ruled that 18% Goods and Services Tax (GST) applicable on renting the Non-Air conditioned buse ...

CBIC enables Filing Form GSTR-4 Annual Return by Composition Taxpayers on GST Portal.

22 Oct

The Central Board of Indirect Taxes and Customs ( CBIC ) has enabled the Filing Form GSTR-4 Annual Return by Composition Taxpayers on GST Portal.
T ...

GST: Input Tax Credit can’t be claimed on Lift procured and Installed in Hotel Buildings, says AAR

22 Oct

The applicant has sought the advance ruling on the issue of whether Input tax credit on Purchase of Lift would be available to Hotel as it has been us ...

GST: ITC can be claimed on Water Slides but not on Site Development and Swimming Pools, rules AAR

22 Oct

The Authority consisting of its members Manoj Kumar Chobey and Virendra Kumar Jain ruled that the applicant is eligible to avail the ITC on the purcha ...

GST recovery orders during lockdown cancelled: Gujarat HC

21 Oct

The Gujarat high court has recently quashed GST department's recovery orders because they were passed after the firms and traders failed to remain pre ...

Mahindra lifespaces profiteered in Chennai project: National Anti-profiteering Authority

21 Oct

National Anti-profiteering Authority (NAA) has upheld profiteering allegation against Mahindra Lifespaces for its Chennai-based Avadi project.The alle ...

Time limit for availing transitional credit under GST is mandatory: Madras HC

20 Oct

The Madras High Court has ruled that the time limit for availing transitional credit is mandatory and not directory. This is just opposite to the De ...

Pending GST registrations to be cleared by CBIC under 'Special Drive' by July 30

20 Oct

The Central Board of Indirect Taxes and Customs (CBIC) on Friday notified to clear pending GST registrations under ‘special drive’ by July 30, 2020. ...

Fraudulent GST refund claims worth Rs 1,875 crore blocked by Government

20 Oct

The government has blocked fraudulent Goods and Services Tax (GST) refund claims worth Rs 1,875 crore involving 1,377 exporters after their addresse ...

Calcutta high court allows the assessee to make copy of seized documents.

18 Oct

The High Court of Calcutta has held that the taxpayer is empowered to make a copy of the seized document under Section 67 (5) under Chapter XIV of the ...

GST fraud: 1,377 ‘risky exporters’ who claimed Rs 1,875 crore refunds not traceable in principal place of business.

18 Oct

NEW DELHI: Over 1,300 exporters who had claimed GST tax refunds of Rs 1,875 crore were untraceable at their principal place of business in a massive v ...

GST collection in West Bengal drops marginally in June

17 Oct

Collection of revenue under Goods and Services Tax (GST) from centrally administered assessees in West Bengal dropped marginally in June 2020, an of ...

Chartered Accountant accused of Rs. 100 Crore GST scam was allowed bail by Rajasthan High Court

17 Oct

The High Court of Rajasthan allowed the bail to the person alleged to have created fake invoices to wrongfully availing input tax credit (ITC). T ...

GST is applicable on Transfer of a business as a going concern

16 Oct

The Andhra Pradesh Authority of Advance Ruling (AAR) ruled that the business of the applicant, Shilpa Medicare Limited of Andhra Pradesh unit, as a ...

CBIC issues clarification on GST on Hand Sanitizers.

16 Oct

It is stated that hand sanitizers attract GST at a rate of 18%. Sanitizers are disinfectants like soaps, anti-bacterial liquids, Dettol, etc which a ...

GST refund issues faced by exporters as government makes invoice matching compulsory for input tax credit

16 Oct

Many exporters are facing a working capital crunch as they have run into refund problems after a recent government circular said exporters would not b ...

Supply of Mud Engineering Services doesn’t Qualify as Composite Service, hence no GST applicable

15 Oct

The Andhra Pradesh Authority of Advance Ruling (AAR) ruled that the Goods and Service Tax (GST) is not applicable to the supply of mud engineering s ...

Due date for filing annual return by composition dealers for 2019-20 extended till August 31

15 Oct

The government has extended the due date for filing annual return by composition dealers for 2019-20 till August 31. The Central Board of Indire ...

Copy of Seized Documents under GST can be made by assessee: Calcutta HC

15 Oct

The High Court of Calcutta has held that the taxpayer is empowered to make a copy of the seized document under Section 67 (5) under Chapter XIV of t ...

GST at the rate of 18% is applicable on Alcohol based hand sanitizers

14 Oct

The Authority consists of members J.K. Meena and Sarita S. Gadgil ruled that Alcohol-Based Hand Sanitizers manufactured by the applicant are covered b ...

GST consensus under strain as revenues dry up in states

14 Oct

Consensus has guided 40 meetings of the Goods and Services Tax (GST) Council since its inception, but differences between the Centre and fiscally st ...

GST on maintenance is valid: AAR to south Mumbai society

14 Oct

In a setback to a Nariman Point cooperative housing society (CHS), the GST-Authority for Advance Rulings, Maharashtra, has held that its activities ...

Prasad Cinema Penalised by GST Anti-Profiteering Body

13 Oct

The government’s GST probe body has held that Hyderabad’s Prasad Cinema profiteered as it failed to reduce ticket prices even after the applicable goo ...

GST on auto fuels will aid oil firms, customers

13 Oct

Bringing petrol and diesel under the Goods and Services Tax (GST) regime will help retail consumers, commercial entities and oil companies. The fixing ...

Gaursons Realtech found guilty of profiteering Rs. 20 Crore

13 Oct

The GST anti-profiteering authority has found Ghaziabad-based Gaursons Realtech guilty of not passing on lower tax rate benefits worth Rs ...

GST Compensation Period: States likely to push for 5 year extension

11 Oct

Witnessing a sharp decline in the GST revenue due to the pandemic and the following lockdown and disruptions in economic activities across the count ...

No GST is levied on Admission or Membership Fees: Maharashtra AAAR

11 Oct

Membership or admission fee collected by clubs cannot be termed as supply of service and therefore is not liable to goods and services tax (GST), th ...

Punjab and Haryana HC allows to avail TRAN-1 credit in July 2020 3B return

11 Oct

The High Court of Punjab and Haryana directed the Goods and Service Tax (GST) Authority to permit Petitioner to upload TRAN-I on or before June 30, ...

IT Software related Consulting Services in Oracle ERP are liable to GST: AAR

10 Oct

The Authority ruled that GST is applicable to IT software related consulting services in Oracle ERP as the said activity satisfies the conditions of S ...

Centre-state ties under strain as revenues dry up

10 Oct

After the June Goods and Services Tax (GST) Council meeting, Finance Minister Nirmala Sitharaman had said the government was planning to have a single ...

Govt moves SC against Bharti Airtel

09 Oct

The central government has moved the Supreme Court challenging a Delhi High Court (HC) order that allowed Bharti Airtel to claim goods and services ta ...

Mis-classification of hand sanitisers results in quarrel between Government and Industry

09 Oct

Multiple goods and services tax (GST) rates have now become a bone of contention between hand sanitiser manufacturers and the government.
Last mont ...

GST committee considering demand for extending FY20 returns filing date for composition dealers

08 Oct

The CBIC on Tuesday said the GST Implementation Committee is considering the demand for extending the due date for filing of annual return for 2019-20 ...

18% applicable on GST on Depository Contribution Works

08 Oct

The Authority consists of members Manasa Gangotri Kata and Thiru Kurinji Selvan V.S., while saying TANGEDCO is a ‘Government Entity, ruled that GST is ...

Maharashtra AAR ruling provides GST relief to MNCs on expats salary

08 Oct

A recent observation by Maharashtra Authority of Advance Rulings (AAR) resulted in the ruling that GST will not be applicable if the Indian proj ...

12% GST on Agreement of Supply of Services on Transportation of Goods by Road

07 Oct

The Maharashtra Authority of Advance Ruling (AAR) ruled that 12% of GST is applicable to the agreement of supply of services in relation to transporta ...

Resolution Professionals / Liquidators queue up to avail GST Registrations in their own Names at the earliest: MCA & CBIC to Rethink

07 Oct

A recent GST ruling of the West Bengal Authority of Advance Ruling has mandated that a resolution professional since he is selling goods, has to be re ...

No GST on Salary Expenses Accounted to meet Indian Accounting Requirements

06 Oct

The applicant sought the advance ruling on the issue of whether the Goods and Services Tax is applicable to the accounting entry made for the purpose ...

Software services to Indian firm's overseas client liable to GST

06 Oct

A firm that provided software-related consultancy services in Oracle ERP sought AAR seeking a ruling on whether the services provided by it to the for ...

GST consensus under strain as revenues dry up in states

06 Oct

Consensus has guided 40 meetings of the Goods and Services Tax (GST) Council since its inception, but differences between the Centre and fiscally stre ...

Nil Late Fee on GSTR-3B: System not Updated, Excess Amount would be re-credited soon

03 Oct

The Goods and Services Tax portal has today said that the system has not been updated according to the change in the late fee for the delay in GSTR-3B ...

GSTN issues Advisory on Filing NIL Form GSTR-1 through SMS on GST Portal

03 Oct

The Goods and Services Tax Network ( GSTN ) has issued the advisory on filing NIL Form GSTR-1 through SMS on GST Portal. A taxpayer may now file NIL F ...

June GST collections stand at Rs 90,917 crore

02 Oct

Goods and service tax (GST) collections for June 2020 clocked Rs 90,917 crore at gross levels, 9% lower than the same month last year.The collections ...

Auto manufacturers demand reduction in GST from 28 to 18%

02 Oct

Worried over huge losses due to Covid-19, auto parts manufacturers in Ludhiana are demanding that Goods and Services Tax (GST) be reduced from 28% to ...

GST 3.0 can prove to be a harbinger of growth and revival

01 Oct

Moving further towards a simplified and technology-enabled robust GST system is not only critical for sustainable growth but also imperative for ease ...

As GST enters fourth year, biggest challenge would be to devise ways to compensate the states

01 Oct

GST faces its toughest test as it enters its fourth year. The upcoming challenge to GST, however, does not stem from its design or structure or the wa ...

Central GST Revenue Drops 70% For March-April

01 Oct

The central government’s share in the goods and services tax collected in April and May fell to about a third of what it was a year earlier as the Cov ...

Centre needs to borrow and make up for states’ GST losses

30 Oct

The central government has no other go, but to borrow from the market and make up for states’ Goods and Services Tax (GST) losses even though this obl ...

Traders will be able to file GST Return through SMS

30 Oct

The government collects GST from everyone but sometimes we are not able to process GST returns, now taxpayer traders in Goods and Services Tax (GST) c ...

Realty firms have time till Jun 30 to pay GST on shortfall in input procurement from dealers

29 Oct

Real estate companies that opted for lower GST rates of 1 per cent and 5 per cent from April 1, 2019, but could not procure 80 per cent of the total s ...

CBIC further extends Time Limit for Completion or Compliance of any Action, till Aug 30, 2020

29 Oct

The Central Board of Indirect Taxes and Customs (CBIC) on Saturday notified the further extension of the limit for completion or compliance of any act ...

GST Council borrowings for compensation needs to widen general govt debt

27 Oct

Any borrowing by the GST Council to make good the shortfall in revenue of states would add up to the debt of both the central and state governments, t ...

CBIC notifies corrigendum for Amended GST Rates under GST Composition Scheme and Waiver of Late Fee for delay in filing GSTR-1- March to June 2020

27 Oct

The Central Board of Indirect Taxes and Customs (CBIC) on 26-06-2020 issued the Corrigendum for the amended GST rates under GST Scheme and Waiver of l ...

CBIC waives off late fee on late GST filing

26 Oct

The Central Board of Indirect Taxes and Customs (CBIC) has notified waiver of late fee, capping of late fee at Rs 500 in some cases, interest payable ...

Karnataka taxmen detect 60 GST registrations linked to Chinese national

26 Oct

The Commercial Taxes Department has sealed off an undeclared warehouse with imported goods worth Rs 4 crore in Bengaluru with 60 GST registrations lin ...

After paratha, ready-to-eat popcorn to attract 18% GST,

25 Oct

Ready-to-eat popcorn, which is typically associated with fun times, will fall under the 18% GST bracket, Authority for Advance Rulings (AAR) said in a ...

GST Registration is required for Medical Stores run by Charitable Trust

25 Oct

The applicant, M/s Nagri Eye Research Foundation is a Charitable Trust and is running a medical store where medicines are given at a lower rate and th ...

Companies facing cash crunch may have to reverse GST credit on delayed payments to vendors

24 Oct

Companies which have postponed vendor payments due to a liquidity crunch brought on by the Covid-19 crisis will have to face further working capital w ...

No GST on Security Service and Supply of Manpower to Government Departments

24 Oct

The Authority consisting of Sanjay Saxena and Mohit Agarwal ruled that the applicant is eligible to claim exemption benefit under Sr. No.3 of Notifica ...

28% of GST is applicable on Manufacturing of Change over Switch, Emulator, Timing Advance Processor, Pressure Gauge

23 Oct

The Gujarat Authority of Advance ruling (AAR) that the 28% (14% SGST and 14% CGST) of Goods and Service Tax (GST) is applicable to the manufacturing o ...

Kerala becomes the first State to adopt second level verification for new GST registrations

23 Oct

In an effort to curb ‘benami’ businesses under the Goods and Services Tax (GST) regime, Kerala has become probably the first State to introduce second ...

PPF, bank interest to be included for calculating GST registration threshold

23 Oct

An individual, not engaged in any business, had filed an application before the Gujarat bench of AAR asking whether interest received from the savings ...

ITC cannot be availed on GST paid for hiring vehicles for employee transportation

22 Oct

Companies will not be able to claim an input tax credit (ITC) for GST paid on hiring commercial vehicles for transportation of employees, if providing ...

Developed land sold as plots will attract GST

22 Oct

GST will be levied on the sale of land for which primary amenities - such as drainage, waterline, and electricity - have been provided by real estate ...

Kerala to Conduct Verification in premises of Newly Registered Persons under Central Jurisdiction

22 Oct

The Commissioner of State Tax, Kerala issued circular empowering the enforcement squads to conduct verification in the business place of such new GST ...

Supreme Court stays Delhi HC Judgment directing Dept to open GST TRAN-1 till 30th June 2020

20 Oct

The Supreme Court of India today stayed Delhi High Court Judgment directing GST Department to open the facility to file GST Tran-1 till 30th June 2020 ...

Now pay GST on purchase of plots too

20 Oct

In what could lead to a major setback for the real estate sector, the Gujarat Advance Ruling Authority (AAR) has recently passed an order saying that ...

18% GST applicable on Royalty Paid for Licensing Services for Right to Use Minerals including its Exploration and Evaluation

20 Oct

The Gujarat Authority of Advance Ruling (AAR) ruled that 18% of GST is applicable to the royalty paid for Licensing services for the right to use mine ...

Interest on PPF, savings bank deposit to be included for calculating GST registration threshold

19 Oct

The value of exempted income, like interest on PPF, savings bank account and loans given to family/friends, will be included along with taxable suppli ...

GST trouble for aviation, hospitality and travel companies

19 Oct

Several aviation, hospitality, and telecom companies are facing the dual burden of paying Goods and Services Tax (GST) dues in cash even as input tax ...

Goods purchased, sold overseas liable to GST in India

19 Oct

The Gujarat Authority on Advance Rulings has said that goods and services tax (GST) will be payable on goods sold to an overseas customer shipped dire ...

Indore-based businessman held for GST evasion worth Rs 233 crore

18 Oct

Indore-based businessman Kishore Wadhwani has been arrested by the regional unit of the Directorate of GST Intelligence for alleged evasion of GST to ...

Coffee growers seek extension of loan moratorium, exemption of GST on inputs

18 Oct

The coffee growers and the coffee industry, which has financial loss estimated at ₹700 crore owing to lockdown due to COVID-19 pandemic, have demanded ...

GST late fee waiver unfair, say those who have paid

17 Oct

GST council's decision to waive late fee for assesses who have not filed any of their GST returns from July 2017 till March 2020 has raised several ey ...

Delhi HC directs GST Authority to Open Online Portal to enable Petitioner to File revised declaration TRAN-1 electronically or manually

17 Oct

The High Court of Delhi recently directed the GST Authority to open an online portal to enable Petitioner to file revised declaration TRAN-1 electro ...

Officials push for hike in GST levies

16 Oct

It may not be politically palatable, but officials are pushing for quickly reworking GST slabs, along with a rise in levies, while correcting the inve ...

Allow airlines to use GST credit on spares for economy-class operations, say experts

16 Oct

After failing to get any major stimulus for the airline sector, major domestic airlines want the Government to allow the GST credit on spares be used ...

Lockdown delays new GST registrations

15 Oct

Businesses applying for goods and services tax (GST) registrations have faced delays of as many as 60 days during the lockdown period, compared to the ...

CBIC clarifies on Ready-to-eat frozen parotas to attract 18% GST and 5% for plain parotas

15 Oct

The Central Board of Indirect Taxes and Customs (CBIC) in a series of tweets clarified on Friday that the Authority of Advance Ruling (AAR) has decide ...

GST Council Meet: Relief for small taxpayers

13 Oct

The Goods and Services Tax Council on Friday decided to further ease compliance burden of businesses by providing relief on late free and interest pay ...

GST Council halves interest on delayed filing of returns

13 Oct

In a relief to small taxpayers with turnover up to Rs 5 crore, the GST Council on Friday halved the interest on delayed filing of GST returns for Febr ...

Parotas are not rotis and will attract a higher GST of 18%

13 Oct

A non-finicky eater couldn’t care less if he or she is having rotis or parotas for dinner. After all, they are both a kind of Indian bread, typically ...

GST Council set to meet today, likely to debate cess shortfall

12 Oct

The shortfall in goods and services tax (GST) cess collection, used for compensating states for their revenue losses, and the proposed compliance reli ...

Salaries paid to company directors not to attract GST

11 Oct

The Central Board of Indirect Taxes and Customs (CBIC) on Wednesday said GST will not be levied on salaries paid to directors who are employees of the ...

CBIC extends Data of Transition under GST of Daman & Diu and Dadra & Nagar Haveli till July 31, 2020

11 Oct

The Central Board of Indirect Taxes and Customs (CBIC) on Tuesday extended data of transition under Goods and Service Tax (GST) of Daman & Diu &am ...

CBIC extends the validity of E-Way Bill till June 30, 2020

11 Oct

The Central Board of Indirect Taxes and Customs (CBIC) on Tuesday extended the validity of Electronic Way (E-way) (E-way) bills till June 30, 2020, fo ...

GST Council urged to levy COVID19 cess on tobacco products, to generate Rs 50,000 crore

10 Oct

Public health groups along with doctors and economists have urged the GST Council to levy a special COVID19 cess on tobacco products to raise the reve ...

Telangana AAR rules Applicability of GST on Ice Cream, Allied Products and Milk Shakes

10 Oct

The Authority of Advance ruling (AAR) ruled on the applicability of Goods and Service Tax (GST) on ice cream, allied products, and milkshakes. The app ...

Centre Allows Filing Of SMS-Based Nil GST Return, To Benefit 22 Lakh Taxpayers

09 Oct

The government allowed the filing of nil monthly returns of goods and services tax (GST) through an SMS-based facility, in a bid to facilitate the tax ...

Government rolls out faceless customs assessment

09 Oct

The new procedure called ‘turant customs’ seeks to offer quick clearance of imports after a remote and faceless assessment by officials located outsid ...

GST reduction, scrappage policy to help revive CV industry: Ashok Leyland

08 Oct

Reduction in GST rate and introduction of scrappage policy would help in reviving the commercial vehicle sector which has been facing headwinds for qu ...

18% GST applicable on Leased Premises for Cold Storage purpose of Agriculture Produce on Leasing Charges

08 Oct

The authority consists of Additional Commissioner of State Tax J. Laxminarayana and Joint Commissioner of Central Tax B. Raghukiran ruled that 18% of ...

GST Council to meet on June 12

06 Oct

The GST Council is scheduled to meet on June 12 and likely to discuss the impact of the COVID-19 pandemic on tax revenues, sources said. The 40th meet ...

GST collections for business activities in April drop to Rs 43,000 crore

06 Oct

As business activities came to a virtual standstill mode during the month of April owing to the COVID-19 pandemic-led lockdown, the goods and services ...

Centre releases Rs 36,400-crore GST compensation to states

05 Oct

Ahead of the Goods and Services Tax (GST) Council meeting next week, the Centre on Thursday released compensation worth Rs 36,400 crore to states for ...

Rohtak records 67 per cent fall in GST collection

05 Oct

The lockdown has taken a toll on the collection of the Good and Service Tax (GST) with the district witnessing more than 67 per cent fall in tax colle ...

GST NAA finds Philips India guilty of profiteering Rs 4.53 lakh

04 Oct

The GST anti-profiteering authority has found Philips India guilty of not passing on GST rate cut benefit of more than Rs 4.53 lakh to consumers.The a ...

GST blow to agriculture-based horse racing industry in Bengaluru

04 Oct

The crippling burden of tax has eaten into the reserves of turf clubs, leaving them with few options to shore up their fortunes and raising the prospe ...

GST Council to discuss waiver of late fee for August 2017 to January 2020

02 Oct

The GST Council in its next meeting will discuss waiver of late fee for non-filing of GST returns for August 2017 to January 2020 period.In a tweet, t ...

GSTN enables registration functionality for companies under IBC

02 Oct

The Goods and Services Tax Network (GSTN) on Sunday announced a new registration functionality for erstwhile registered entities who are now corporate ...

Large companies fear losing out on GST credit if vendors, suppliers go bankrupt due to Covid crisis

01 Oct

With many small and medium enterprises staring at bankruptcy or severe business disruption due to the Covid-19 crisis, large companies that buy raw ma ...

GST Council Meeting Likely to be Held on June 14 Via Video Conferencing

01 Oct

Amid pressure on tax collection, the all-powerful GST Council meeting is likely to be held on June 14, the first such meeting after the outbreak of CO ...

Central GST collection falls 87% in April amid lockdown

01 Oct

Central goods and services tax (CGST) collection stood at Rs 5,934 crore in April, a fall of 87 per cent compared with the Rs 46,848 crore collected i ...

Finance ministry not in favour of raising GST rates on non-essential items

30 Oct

The finance ministry is not in favour of raising Goods and Services Tax (GST) rates even on non-essential items at a time its revenue collections are ...

A body supporting farmers urged the Centre to cut cigarette taxes to pre-GST levels

30 Oct

A body supporting farmers on Friday urged the Centre to be mindful of the financial distress of tobacco farmers amid the COVID pandemic and to reduce ...

Supply services of Food and Drinks to Educational Institutions exempted from GST

29 Oct

The Authority consisting of members M.P. Ravi Prasad and Mashud Ur Rehman Faruqui ruled that the supply of services made by the applicant in the form ...

CBIC enables Facility for Registration of Insolvency Resolution Professionals on GST Portal

29 Oct

The Central Board of Indirect Taxes and Customs ( CBIC ) has enabled the facility for registration of Insolvency Resolution Professionals/ Resolution ...

18% GST applicable on Works Contract for NCBS

29 Oct

The Authority consisting of members M.P. Ravi Prasad and Mashud Ur Rehman Faruqui ruled that the work contract service provided by the applicant to th ...

28% GST is applicable on Retrofitted Vehicle

28 Oct

The Authority consisting of members M.P. Ravi Prasad and Mashud Ur Rehman Faruqui ruled that the retrofitted vehicle merits classification under headi ...

No ITC can be claimed on Tax Invoice addressed to Foreign Buyer, If the Applicant is not Recipient of Goods

28 Oct

The Authority consisting of members M.P. Ravi Prasad and Mashud Ur Rehman Faruqui ruled that in the case of manufacture of Die by the applicant and in ...

Consumer companies seek GST cut to help push sales

27 Oct

Consumer-facing companies including makers of biscuits, ayurveda products, soaps and shampoos have asked the government to reduce the goods and servic ...

CBIC clears Rs 11,052 cr GST refund claims since April 8

27 Oct

The Central Board of Indirect Taxes ( CBIC) on Monday said it has sanctioned GST refund claims worth Rs 11,052 crore in 47 days. In a tweet, the CBIC ...

Tamil Nadu extends dates for GST compliances

26 Oct

The state government has promulgated the Tamil Nadu Goods and Services Tax (Amendment) Ordinance, 2020 on Friday to amend the Tamil Nadu Goods and Ser ...

Finance Ministry has clarified on no plans to impose Covid cess on GST

25 Oct

The finance ministry has no plans to impose a calamity cess on the goods and services tax (GST) to raise resources for dealing with the Covid-19 pande ...

India rules out GST waiver for businesses to fight virus woes

25 Oct

India’s Finance Ministry has ruled out GST waiver or deference to businesses as part of the economic relief package to help them cope with the situati ...

Calamity cess on GST: plan on Govt table to tide over Covid crisis

23 Oct

In line with the disaster relief cess introduced in Kerala last year following the monsoon floods of 2018, the central government is considering a cal ...

Maharashtra Govt. issues Clarification for Speedy Refund, Relaxes Monetary Limit for ‘approval’

23 Oct

The Government of Maharashtra issued the circular clarifying the procedure to be followed for approval of the speedy Goods and Service Tax (GST) refun ...

Whatsapp allowed for GST, excise related virtual hearings

22 Oct

Virtual hearing of all demand notices relating to indirect taxes including goods and services tax (GST) can be done through Whatsapp, authorities in T ...

Centre gives Rs 15,340 crore as GST compensation to states

22 Oct

The Centre has released 15,340 crore to states as GST compensation despite insignificant tax collection due to relief provided in terms of filing of r ...

GST Analytics wing to identify risky suppliers to exporters

22 Oct

The CBIC has asked GST risk management wing to conduct supply chain analysis to identify risky major suppliers to exporters and share it with jurisdic ...

Incomplete claim memos stall GST refunds

21 Oct

Businesses facing a cashflow squeeze due to the lockdown are grappling with deficiency memos that have stalled the release of goods and service tax re ...

GST rate cut to boost demand may be counterproductive, say finance ministry officials

21 Oct

The government may not accept the industry’s demand to substantially reduce Goods and Services Taxes (GST) for six months to boost demand as the exemp ...

Centre considers market borrowing for GST compensation to states

21 Oct

The government is mulling ways to compensate states for the widening goods and services tax (GST) shortfall, which include borrowing from the market a ...

Govt may not heed calls to lower GST

20 Oct

The government may not accept industry demands to substantially reduce the Goods and Services Tax (GST) for six months to boost demand in the aftermat ...

Dept issues Guidelines for the virtual hearing to be Heard through Whatsapp

20 Oct

The Commissioner of Central Goods and Service Tax (CGST) on Monday issued guidelines for the virtual hearing of appeals and adjudication of indirect t ...

Horse-racing industry awaits GST rate change for survival

20 Oct

The Turf Authority of India (TAI), the apex body of six race clubs in the country, has reiterated its request to the Centre for change in the applicab ...

GST compensation to states pending for Dec-March FY20

19 Oct

Finance Minister Nirmala Sitharaman on Sunday said GST compensation is due to all the states for the four-month period of December-March. "We are peri ...

GST officials seek directors’remuneration information

19 Oct

Goods and services tax authorities in some states have sent notices to companies seeking information about the remuneration of directors and the tax p ...

Government Notifies Amendment To Limit Pre-GST Tax Credits

19 Oct

The government has notified a retrospective amendment to the Central Goods and Services Tax Act to limit transitional credit to taxpayers. In doing so ...

Disunion between essential and non-essential goods during Covid-19 may percolate to GST

18 Oct

With the plummeting demand for discretionary goods, one can expect the consumer market players to offer multiple discount schemes such as upfront exce ...

GST TRAN-1: Delhi High Court Judgment is Nullified by Finance Act, 2020

18 Oct

The Hon’ble High Court of Delhi has ruled that the stipulation of a time limit in Rule -117 is a directory in nature since there are no supporting pro ...

Samsonite denied benefit of reduction of GST to Consumers

16 Oct

The Authority headed by Chairman B.N. Sharma and Technical Members J.C. Chauhan and Amand Shah held that Samsonite has denied the benefit of reduction ...

A temporary GST rate cut is the best way to boost vehicle sales in India: Kia Motors

16 Oct

Both SIAM (Society of Indian Automobile Manufacturers) and FADA (Federation of Automobile Dealers Associations ) have been consistently requesting the ...

Indian Staffing Federation demands abolition of 18% GST

15 Oct

The Indian Staffing Federation (ISF), the apex body of temporary workers industry in the country, has demanded the Union government to categorise its ...

Govt must lower GST rates and fuel prices to spur demand

15 Oct

The government must try and increase the GST threshold to Rs 5 crore and also work towards lowering the average GST rates from the present 14% to spur ...

Firms receive notices despite diverse AAR rulings on director salaries

15 Oct

Even as authorities of advance rulings (AARs) differ on the liability to pay the GST on salaries paid by firms to directors, some states have already ...

Shiv sena says Package needed but what about states' GST share

14 Oct

The Shiv Sena said the Rs 20 lakh crore package announced by the Prime Minister Narendra Modi was needed, but added that he should have also talked ab ...

Clear picture of GST mop up in April to come by June-end

14 Oct

Finance Secretary Ajay Bhushan Pandey on Wednesday said the clear picture regarding GST collections for April would emerge only by June 30 -- the dead ...

NAA finds Company Guilty for Profiteering for not reducing Bases Price post-GST Rate Reduction

14 Oct

The National Anti-Profiteering Authority (NAA), while imposing a penalty on a Company for not reducing the base price despite the GST rate reduction, ...

Britannia Winkin’ Cow Thick Shake’ classifiable as Flavoured Milk attracting 12% GST

13 Oct

The Tamil Nadu Authority for Advance Ruling (AAR) ruled that UHT Sterilized Flavoured Milk marketed under the brand name ‘Britannia Winkin’ Cow Thick ...

Sale of DVDs and CDs with Licensed Software will attract Higher GST Rate

13 Oct

The Tamil Nadu Authority of Advance Ruling (AAR) has ruled that the supply of DVDs and CDs with Licensed Software cannot be treated as e-books for the ...

Sale of DVDs and CDs with Licensed Software will attract Higher GST Rate

13 Oct

The Tamil Nadu Authority of Advance Ruling (AAR) has ruled that the supply of DVDs and CDs with Licensed Software cannot be treated as e-books for the ...

Sale of DVDs and CDs with Licensed Software will attract Higher GST Rate

13 Oct

The Tamil Nadu Authority of Advance Ruling (AAR) has ruled that the supply of DVDs and CDs with Licensed Software cannot be treated as e-books for the ...

Sale of DVDs and CDs with Licensed Software will attract Higher GST Rate

13 Oct

The Tamil Nadu Authority of Advance Ruling (AAR) has ruled that the supply of DVDs and CDs with Licensed Software cannot be treated as e-books for the ...

E-way bills on GST site double from April level

13 Oct

The average number of e-way bills generated by businesses on the GST Network portal was 6 lakh/day in the week to May 11, twice the level in April, in ...

LIC maturity sum will not attract GST

12 Oct

In a significant ruling, the Karnataka Advance Ruling Authority has said that LIC’s maturity sum will not attract GST as it is not a service, putting ...

Maharashtra seeks GST refund, says state has lost ₹35,000 cr battling covid-19

12 Oct

Maharashtra Chief minister Uddhav Thackeray on Monday said that covid-19 pandemic and the lockdown has left the state with a ₹35,000-crore loss and th ...

No GST on salary to full-time directors

11 Oct

The controversy on whether remuneration paid to directors of a company is subject to Goods and Services Tax (GST) has been put to rest by a recent rul ...

Telangana seeks 50% subsidy from Centre on yarn for handloom sector

11 Oct

The Telangana government has sought 50 percent subsidy on yarn for the textile industry, from the Centre. Besides, it wanted the GST council to consid ...

Concessional Rate of 5% of GST isn’t applicable on Sale of Micafungin Sodium sold as Raw Materials

11 Oct

The Karnataka Authority of Advance Ruling (AAR) ruled that the concession rate of 5% of Goods and Service Tax (GST) is not applicable to the sale of M ...

Prasadam supplied by Temples exempted from GST

09 Oct

The authority consisting of the members Dr. Ravi Prasad and Mashhoodur Rehman Farooqui ruled that 9% of KGST and 9% CGST will be applicable on the auc ...

Concessional Rate of 5% of GST isn’t applicable on Sale of Micafungin Sodium sold as Raw Materials

09 Oct

The Karnataka Authority of Advance Ruling (AAR) ruled that the concession rate of 5% of Goods and Service Tax (GST) is not applicable to the sale of M ...

CBIC issues clarification on GST Compliance Requirements Under Circular No. 138/08/2020 GST Dt. 06.05.2020

08 Oct

The Central Board of Indirect Taxes and Customs (CBIC), issued the clarification in respect of certain challenges faced by the registered persons in t ...

Big relief for GST assessees as Delhi HC ruling now allows input tax credit claims till June 30

07 Oct

The Delhi High Court has ruled that the time limit for the collection of transitional credit or input tax credit (ITC) is a directive and not mandator ...

Delhi HC allows Bharti Airtel to rectify GST returns of ₹923 crores

07 Oct

The Delhi high court has allowed Bharti Airtel Ltd to rectify its Goods and Services Tax (GST) returns of ₹923 crores for July-September 2017. The gov ...

Govt gives relaxations to taxpayers for GST compliance for filing annual returns and audits

06 Oct

In a notification dated May 5, the Central Board of Indirect Taxes and Customs (CBIC) has allowed registered persons to furnish GSTR-3B verified throu ...

Now taxpayers can claim transitional credit until June 30

06 Oct

In a landmark judgment that may have a severe impact on both state and Central government revenues, the Delhi High court has allowed all taxpayers to ...

CBIC cautions Taxpayers from Fake Messages on GST Refunds

05 Oct

The Central Board of Indirect Taxes and Customs ( CBIC ) has cautioned the Taxpayers from Fake Messages on GST Refunds. It has been observed that some ...

States see sharp erosion in GST collections for April

05 Oct

The COVID-19 outbreak and nationwide lockdown is severely denting the revenue collections of states pushing them to look at possible revenue earning m ...

Drivers urge govt to bring fuel under GST, defer EMIs

05 Oct

Bringing fuel under GST ambit and deferment of vehicle EMIs for a few more months are some of the requests made by cab and autorickshaw drivers who ar ...

GST audit guidelines need to be reviewed to include video conferencing

04 Oct

GST officers would have to audit and assess taxpayers via video-conferencing instead of undertaking physical visits amid the coronavirus pandemic, and ...

Government defers release of April GST collection data

02 Oct

The government on 1st May deferred the release of April GST revenue collection data as the ongoing lockdown and extended return filing deadline led to ...

Wrong Destination’ not a Ground for Imposing Penalty under GST

02 Oct

The High Court of Telangana held that penalty under the GST Acts cannot be levied on the ground of ‘wrong destination’ and any action of collecting pe ...

No Interest Recovery Without Due Process, Says Jharkhand High Court

02 Oct

The process of recovery of interest cannot be initiated against businesses under GST laws without a prior show cause notice and adjudication proceedin ...

5 percent GST is applicable on Poha Bran

01 Oct

The Karnataka Authority of Advance Ruling ( AAR ) ruled that 2.5% Central Goods and Service Tax (CGST) and 2.5% of Karnataka Goods and Service Tax (KG ...

Precipitous 80-90% fall in states' April GST collections

01 Oct

Month's GST collections for Andhra Pradesh, West Bengal, Assam crashed due to coronavirus-induced lockdown; Centre's net April collections may drop fr ...

GST collections for April and May set to decline drastically

30 Oct

Goods and services tax (GST) collections are set to fall drastically in April and May with the number of electronic permits or e-way bills generated f ...

GST Provision for Inter-Transfer of Balances lying in E-Cash Ledger applicable from 21st April

30 Oct

The Central Board of Indirect Taxes and Customs (CBIC) notified 21 April 2020 as an effective date for Rule 87(13) of Central Goods and Service Tax (C ...

CBDT defers furnishing of GST & GAAR details in Form 3D till March 31, 2021

29 Oct

The Income Tax Department on Monday deferred for the third time the requirement for companies to include in their Income Tax audit report the details ...

Madras HC issues notice to Centre on plea seeking removal of GST on masks

29 Oct

The Madras High Court on Tuesday issued notice to the Union government on a PIL seeking removal of the 18 percent GST on sanitizers and 5 percent GST ...

States seek GST compensation beyond 2022 to tide over Covid-19 crisis

28 Oct

Opposition-ruled states including Punjab, Kerala, and Delhi pitched for extension of goods and services tax compensation to the states for two years b ...

Ficci says to Subsume multiple levies into GST to cut tax burden on mining sector

28 Oct

Industry body Federation of Indian Chambers of Commerce & Industry (FICCI) has sought to subsume all levies like royalty and contributions to ...

6-month GST payment freeze for worst-hit sectors

27 Oct

India is considering a goods and services tax (GST) relief package to counter the impact of Covid-19 and help prop up the economy, said people with kn ...

Central Board of Indirect Taxes clears Rs 10,700 cr GST, customs duty refund in 16 days

27 Oct

The Central Board of Indirect Taxes (CBIC) has cleared over Rs 10,700 crore worth refunds in GST and customs duty between April 8-23. In the 'Special ...

Karnataka AAR ruling: Subletting, leasing under GST ambit

25 Oct

In a case involving about 42 single rooms having been sublet by a tenant to students for periods ranging between three months to 11 months, AAR noted ...

GST not leviable on Government Subsidy to Farmers

25 Oct

The applicant, MeghaAgrotech Private Limited is engaged in the business of manufacturing and supplying of LLDPE Pipes and micro-irrigation systems and ...

ITC allowable on ‘Second Hand Gold Jewellery’ only If Purchased from GST Registrants

25 Oct

The Authority of Advance Ruling (AAR) ruled that Input Tax Credit can be claimed on the ‘second-hand gold jewellery’ only in the case if it is purchas ...

GST concessions can go a long way in supporting businesses

24 Oct

The post-Covid economic scenario will be extremely cost-sensitive. Seamless flow of ITC can greatly reduce cost stress. During lockdown, companies wil ...

Facility of SB005 error correction in the Customs EDI extended

24 Oct

"Considering that the entire country is facing unprecedented challenges due to the COVID-19 pandemic, and that the exporters are facing genuine hardsh ...

Madhya Pradesh HC grants Bail to alleged GST Offender, kept in Jail with COVID-19 Infected Persons

24 Oct

The Madhya Pradesh High Court on Tuesday granted bail to an accused person arrested in a GST evasion case by considering that he was kept in the jail ...

GST Interest Liability is Automatic, Leviable only after Completion of Adjudication Proceedings

23 Oct

The petitioners approached the High Court for relief contending that the impugned letter issued by respondent demanding interest amount on the alleged ...

Infosys is "extremely mobilised" on the GST Network enhancement project

23 Oct

Infosys is "extremely mobilised" on the GST Network enhancement project and work is progressing at "full speed" even as a large segment of its employe ...

GST exemption on PPE will hurt domestic manufacturers

23 Oct

The Apparel Export Council of India has said that it does not mind paying GST and has not requested any Goods and Services Tax (GST) exemption from th ...

NAA imposes Penalty on Dealers for increasing Base Price of Dettol despite GST Rate Reduction

22 Oct

The Applicant filed an application before the Standing Committee on Anti-profiteering stating that the respondent, the Reckitt Benckiser India Pvt.Ltd ...

Govt unlikely to exempt GST on masks, ventilators, PPEs as it would lead to blocking of input tax credit

22 Oct

The government is unlikely to exempt GST on medical items like ventilators, PPEs, masks, test kits, and sanitisers, as it would lead to a blocked inpu ...

Govt not cutting GST on PPEs, masks, to save local cos from cheap imports

21 Oct

The government is holding back on any GST rate reduction for items like PPE, ventilators, test kits, and sanitisers, as this could end up encouraging ...

NAA finds Subway Franchisee Guilty for Profiteering for Non-Passing of GST Rate Reduction Benefit and Hiking Food Price

21 Oct

The complaint against the respondent-restaurant, N Rai Delights LLP, was that after the GST rate reduction in November 2017 where the rates were decre ...

GST waiver will make domestic PPEs costlier than Chinese products

20 Oct

Government’s tax experts have advised the finance ministry against removing Goods and Services Tax (GST) on personal protective equipment (PPEs) becau ...

Central Board of indirect taxes eases GST refund process to aid businesses

20 Oct

With businesses moving at a slow pace owing to the novel coronavirus outbreak, the Central Board of Indirect Taxes and Customs (CBIC) has decided to e ...

CBIC Processes Over 12K Refund Applications To Help GST Taxpayers Amid COVID-19 Crisis

18 Oct

In a bid to help the GST taxpayers amid the Coronavirus crisis, the Central Board of Indirect Taxes and Customs (CBIC) has processed about 12,923 refu ...

Allahabad HC grants Anticipatory Bail to Accused of GST Offence

18 Oct

The applicant, ManmohanLalmanAgarwalapproached the High Court for an anticipatory bail in the event of their arrest in connection with the offense pun ...

Finish GST fraud case probe within 3 months or else accused will get bail

18 Oct

The Supreme Court on 17th April asked the Centre to complete its probe within three months against a man who created 555 fake firms to dupe the g ...

Supply of Water as a part of Maintenance Service despite Separate Contract, GST applicable

17 Oct

The Rajasthan Authority of Advance Ruling (AAR) ruled that supply of water as a part of maintenance service despite separate contracts and the Goods a ...

GST Authorities can’t Arbitrarily Confiscate Godown

17 Oct

The Gujarat High Court held that Godown of dealers cannot be sealed by Goods and Service Tax (GST) authorities without having reasons to believe that ...

Transfer of under Construction Project do not attract GST

16 Oct

The Authority of Advance Ruling (AAR), Uttrakhand ruled that the transfer of under-construction projects under the ‘Business Transfer Project’ is exem ...

Puducherry government dependent on GST compensation for next month’s expenditure

16 Oct

With the nationwide COVID-19 lockdown extended till May 3, the territorial administration is now solely banking on Goods and Services Tax compensation ...

Government To Refund GST To Businesses For Order Cancellations Due To COVID-19

16 Oct

The government will give refunds to businesses for goods and services tax paid on orders that were cancelled by customers due to the national lockdown ...

Businesses can claim GST refund for cancellation of services, goods contract; aviation sector to benefit

15 Oct

In a move that would benefit the aviation and hospitality sectors, which have seen mass cancellation of bookings due to the nationwide coronavirus loc ...

Madras HC denies release of Korean Nationals Arrested for GST Offence

15 Oct

The High Court of Madras through the video conferencing denied the Korean Nationals release from the Special Camp on the grounds of COVID-19 lockdown ...

News Broadcasters Association Seeks GST Relief On Broadcast Media Ads

15 Oct

The News Broadcasters Association today urged Finance Minister Nirmala Sitharaman to remove the 18 percent GST on advertisements on broadcast media or ...

Centre may raise loan to pay shortfall of GST compensation amount to States

14 Oct

The Union government is exploring raising a loan to pay the shortfall of the Goods and Services Tax (GST) compensation amount to States as the latter ...

States mount pressure on Centre for early release of GST dues

14 Oct

States have started demanding early release of GST compensation for FY20 in view of the COVID-19 crisis putting the already stretched financial positi ...

GST Dept should Release the Seized Goods immediately after once Security Deposit is made: Allahabad HC

14 Oct

M/S Skipper Limited was required to furnish a bank guarantee equivalent to the amount of his liability determined under Section 129 of the Uttar Prade ...

Many large companies will honour hiring pledge

14 Oct

It’s not all gloom and doom. In these unprecedented times, a number of companies are keeping their promise to honour offers made to campus hires.Among ...

Korean companies keen to move out of China to India

14 Oct

Rising trade war between the US & China has pushed South Korean companies to consider moving some of their factories from China to India.The Korea ...

Government should provide more relief to taxpayers to combat Covid-19 crisis

13 Oct

Aligned to measures taken by countries around the globe for countering the COVID-19 economic impact, the Indian Government last week had announced a s ...

April GST collections seen down 40%, May mop-up too to be hit

11 Oct

With the lockdown hitting transactions as well as tax payments by businesses in the last week of March, the government’s gross GST revenue in April co ...

Centre releases Rs 1,237 cr GST compensation arrears to Punjab

11 Oct

Reeling under a huge revenue loss due to the ongoing lockdown to check the spread of coronavirus, Punjab on Friday received goods and services (GST) c ...

Govt to effect changes in state GST Act

10 Oct

The Gujarat government has decided to make appropriate changes in the state Goods and Services Tax (GST) Act to provide relief to taxpayers in view of ...

GST Dept cannot detain Goods for bonafide Misclassifation

10 Oct

The Kerala High Court directed to release the seized goods which were detained on the ground of bonafide misclassification of goods.While presiding ov ...

Centre releases Rs 14,103 crore GST compensation to states; more to be released soon

09 Oct

The central government released the second installment of goods and services tax (GST) compensation to states, of over Rs 14,100 crore, for the Octobe ...

Rajasthan HC strikes down GST Demand against UltraTech for old unpaid dues of Binani Cement

09 Oct

The assessee, Binani Cement suffered huge losses and was unable to pay the debts to the Financial Creditor i.e. Bank of Baroda. Consequently, The Bina ...

Govt set to release Rs 20,000 cr pending GST compensation to states soon

08 Oct

The finance ministry is set to release Rs 20,000 crore in pending goods and service tax (GST) compensation to states soon. This will not be from the c ...

Remuneration paid to directors to attract GST

08 Oct

Companies will have to pay GST on the remuneration they dole out to directors, the Authority for Advance Ruling (AAR) has said.In an application filed ...

Lowest ever GST on imports in March

07 Oct

The government managed to rake in just over Rs 18,000 crore through integrated GST (IGST) on imports in March, the lowest since the new tax regime kic ...

GST officers process 10,077 new registrations, 7,876 refund applications in 10 days of lockdown

06 Oct

The Goods and Services Tax Network (GSTN) has enabled over 20,000 registrations and processed about 8,000 refund cases till April 3, 2020, during the ...

Honor India will not increase prices of smartphones

06 Oct

Smartphone maker Honor said it will absorb the GST hike on mobile phones and not raise prices of its handsets. The government had last month increased ...

Government Temporarily Lifts GST Input Tax Credit Restrictions

04 Oct

The government has temporarily lifted restrictions imposed on businesses to avail GST credit for February to August, a move that would help businesses ...

E-way bill validity extended

04 Oct

The government extended the validity of e-way bills till April 30, which were set to expire between March 20 and April 15, giving a big relief to an i ...

Ajit Pawar demands GST exemption on medical equipment

04 Oct

Maharashtra Deputy Chief Minister Ajit Pawar has written to Union Finance Minister Nirmala Sitharaman seeking Goods and Services Tax (GST) exemption f ...

Amit Mitra writes to FM Sitharaman, demands GST dues

04 Oct

Facing aggravated fiscal woes due to the lockdown, states have demanded an immediate release of their pending goods and services tax (GST) dues by the ...

GSTN issues Advisory on Tracking GST Refund Application Status on GST Portal and PFMS portal

03 Oct

The functionality of tracking the status of the refund application has been available on the GST portal. By utilizing this functionality, the taxpayer ...

March GST collections stand at Rs 97,597 crore

02 Oct

Goods and services tax collections for March stood at Rs 97,597 crore, falling way short of Rs 1.15 lakh crore target set by the government. Rs 1.05 l ...

GST collection dips, auto sales fall as Covid-19 takes toll on economy

02 Oct

Goods and Services Tax (GST) collections for March saw an 8% decline over the same month a year ago to the lowest in five months, and auto sales in th ...

Goods trucks seek extension on payment of road tax, GST

02 Oct

Trucks carrying goods have sought government intervention for extending the due date of payment of road tax and GST to September 30 amid growing conce ...

Government Proposes Amendments To Curb Export Frauds

01 Oct

Having found various instances of export fraud under the Goods and Services Tax regime, the government has now proposed measures to address the abuse. ...

5% GST applicable on Supply of Waste Paper and Transportation Services received from GTA

01 Oct

The Authority of Advance Ruling (AAR) held that 5% of Goods and Service Tax (GST) is applicable to the supply of waste paper and transportation servic ...

GST waiver sought on equipment bought to combat Covid-19 using MPLADS

31 Oct

More than Rs 10 lakh is the GST paid by Rajya Sabha MP - A Vijayakumar, for the purchase of emergency health care equipment for the Kanyakumari govern ...

February GST collections see impact of coronavirus outbreak, net Rs 98,000 crore

31 Oct

The impact of the novel coronavirus outbreak has been felt in the collection of the Goods and Services Tax (GST) for February, with the government col ...

New Procedure for GST Compliance for IRP/RP

30 Oct

CBIC has issued Notification, which provides special procedures under GST for corporate debtors undergoing corporate insolvency resolution process (CI ...

Printing and supply of text books supplied between two or more departments of same government not registered under GST Act is exempted

30 Oct

Printing and supply of textbooks and printed materials, annual reports, receipt books, measurement books, and logbooks, when supplied to government de ...

Form TRAN-1 can be filled on account of the technical glitches

30 Oct

Having heard the parties and having gone through the materials on record, Bench was of the view that the writ-applicant is entitled to seek the benefi ...

Mobile phone makers seek rollback of GST increase

28 Oct

Mobile handset manufacturers have claimed that the recent 50% hike in GST rate was ‘erroneously’ based on the premise that the pre-GST excise duty rat ...

Orissa HC directs Govt to issue Instructions for Reimbursement of differential Tax Amount

28 Oct

A two-judge bench of the Orissa High Court, last week has directed the Government administrative departments to provide instructions for the reimburse ...

GST Rule prescribing Time Limit to file TRAN-1 not Ultravires

28 Oct

The Bombay High Court has recently held that the time limit prescribed to file TRAN-1 under Rule 117 of the Goods and Services Tax Rules is not ultra ...

Separate GST registrations confuse interim resolution professionals

27 Oct

IRPs appointed under the Insolvency and Bankruptcy Code (IBC) have approached the finance ministry, seeking clarity on several aspects regarding the C ...

Bombay High Court Restricts Taxpayers’ Ability To Use Credits

27 Oct

The tax department has the power to impose a time limit for use of accumulated credits from the erstwhile indirect tax regime, the Bombay High Court h ...

12% GST on Composite Supply of Works Contract for Metro & Monorail

27 Oct

The Authority of Advance Ruling (AAR), West Bengal ruled that 12% of GST is applicable to the composite supply of work contracts for Metro & Monor ...

CBIC clarifies on issues under GST Law for Companies under IBC

26 Oct

The Central Board of Indirect Taxes and Customs has issued clarifications in respect of issues under GST law for companies under the Insolvency and Ba ...

Realme to absorb GST hike, won't increase Narzo series price in April

26 Oct

Chinese smartphone brand Realme said it would not pass on the GST hike to users with its new Narzo series as the company has decided to absorb the cos ...

GST filing deferment no relief for mobile phone makers after recent rate hike

26 Oct

The deferred filing of Goods and Services Tax returns won’t provide much of a breather for mobile phone manufacturers, which face a 6 percentage point ...

Bihar government withdraws orders to attach tax defaulters’ bank accounts

25 Oct

Deputy CM Sushil Kumar Modi said the earlier orders issued to attach the bank accounts of tax defaulters for not clearing dues worth Rs 375 crore befo ...

AAR ruled ‘Phytotherapy’ is not exempted under GST, Need to be registered

25 Oct

The Authority of Advance Ruling (AAR) West Bengal ruled that the ‘phytotherapy’ is not exempted under Goods and Service Tax (GST) and so it needs to b ...

ATM Withdrawals Free for 3 Months; Last Date for Aadhaar-PAN Linking, GST & I-T Return Extended to June 30

25 Oct

In order to provide economic and mental relief to the country as the coronavirus pandemic spreads, Union Finance Minister Nirmala Sitharaman on Tuesda ...

COVID-19: Deadlines for filing GST returns extended

24 Oct

The Ministry of Finance has extended the deadlines for filing returns of goods and services tax (GST) in view of the coronavirus crisis and difficulti ...

Hoteliers seek Modi's help on loan deferment, GST holiday

24 Oct

Fearing huge financial burden owing to cancellation of conferences as well as marriage and banquet bookings to stave off coronavirus (COVID-19) spread ...

Companies Under IBC Will Need New GST Registration

24 Oct

Companies under Insolvency and Bankruptcy process must avail a fresh GST registration within 30 days of a resolution professional being appointed for ...

SC Stays Kerala & Allahabad HC Orders Which Stopped Recovery Measures By Tax Authorities, Banks Citing COVID19

23 Oct

The Supreme Court on Friday stayed the general orders passed by the High Courts of Allahabad and Kerala which restrained all recovery proceedings by t ...

Coronavirus among grounds for leniency, says court while awarding 3-year jail to GST officials for corruption

23 Oct

Two officials who worked in the Goods and Services Tax office in Pune in 2019 received a lenient sentence in a corruption case on 21 March due to the ...

Businesses look for assistance as coronavirus starts hurting

23 Oct

For millions of small businesses struggling with a slowing domestic demand over the last few quarters, the collapse of economic activities due to the ...

Service tax audit under GST can be done, says Delhi High Court

20 Oct

The Delhi High Court has ruled that the Service Tax Audit under Goods and Service Tax (GST) is permissible. The petition was filed by Aargus Global Lo ...

Centre gives Rs 1,051 crore less compensation for GST losses

20 Oct

The central government has given Rs 1,051 crore less compensation to the Gujarat government for its GST losses, the government informed in the assembl ...

Activities performed by World Researchers Association are not covered under Charitable Activities

20 Oct

World Researchers Association is an international not for profit company incorporated under section 8 of Companies Act, 2013 & registered U/s. 12A ...

After Demonetisation, GST & liquidity crisis, came the coronavirus to drive small businesses to the brink

19 Oct

The shock of demonetization in 2016, the haphazard implementation of GST and the liquidity crisis that followed the collapse of IL&FS made MSMEs a ...

GST collections may see a sharp drop in March and April due to corona virus lock-down

19 Oct

Virtual lockdown and closure of offices across states will have an impact on GST collections in March and April even as taxpayers demand an extension ...

Racket busted of Large number of Non-Operational Partnership Firms falsely claiming refunds against accumulated ITC

19 Oct

A large number of proprietorship/partnership firms registered with Gautam Buddha Nagar and other Commissionerates of Delhi NCR which were connected an ...

No. of fake invoices raised in GST double in one year

18 Oct

Even as the government aims to make GST more streamlined every day, the fraud cases related to fake GST invoices are on a rise. The fraud cases relate ...

Electroplating Service liable to 18% and 12% GST after Oct 2019

18 Oct

The authority observed that the applicant is a registered person and when he undertakes electroplating activities on the goods belonging to another re ...

GST Council stays tax hike relieving Textile Businessmen

18 Oct

City businessmen into textiles and garments have heaved a sigh of relief after the GST Council, in its meeting held on Saturday, did not hike the rate ...

Patanjali fined for not passing GST benefits to customers

17 Oct

Patanjali Ayurveda Ltd has been fined Rs 75.08 crore by the National Anti-Profiteering Authority (NAA) for not passing the benefits of goods and servi ...

Handset companies say GST hike will hit jobs and consumers

17 Oct

Handset makers and mobile retailers said the proposed GST hike on mobile phones is a “counter-intuitive and insensitive” move that will place an addit ...

GST Council extends Due Date for filing GSTR-9 and GSTR-9C for FY 2018-19

16 Oct

The GST Council, in its 39th meeting, has extended the due date for filing GSTR-9 (Annual Return) and GSTR-9C (Reconciliation Statement) for the Finan ...

GST Council defers facility of E-Invoice, QR Code and E-Wallet Scheme

16 Oct

The GST Council, in its 39th meeting, decided to defer the facility of E-invoice, QR Code and E-Wallet Scheme. A certain class of registered persons ( ...

Interest On Delayed Payments Applicable Only On Net Liability:GST Council

16 Oct

In a big relief for businesses, the Goods and Services Tax Council has said that interest on delayed payments of GST would be applicable only on the n ...

In today's meeting GST Council expected to remove tax anomalies

14 Oct

The apex indirect tax body, the GST Council, will not increase GST cess on items like automobiles at its meeting on 14.03.20 but will instead consider ...

To check export valuation, officials devise SOP for verification of risky taxpayers

14 Oct

GST officers will soon come out with measures to check valuation of exports and device a standard operating procedure (SOP) for physical spot verifica ...

Civil Aviation ministry pitches again to bring ATF under GST

14 Oct

The Civil Aviation ministry is making a renewed push to bring aviation turbine fuel under the goods and services tax regime as it looks to provide rel ...

GST not applicable on ‘Mobilization Advance’ received in Pre-GST Era

13 Oct

The Authority for Advance Ruling (AAR) has ruled that the GST is not applicable to ‘Mobilization Advance’ received before the implementation of Goods ...

GST is likely to be increased on mobile phones, textiles in Saturday meeting

12 Oct

Goods and services tax (GST) rates on mobile phones, footwear, textiles, and fertiliser are likely to be raised on 14th March. That is whe ...

Gujarat HC issues notices to Centre, GST Council over surcharge imposition

12 Oct

The Gujarat High Court has issued notices to the Union government, the GST Council, and the Customs authorities over the imposition of surcharge and c ...

17 areas of dissatisfaction are flagged with Infosys-designed GSTN

12 Oct

The finance ministry has flagged 17 'areas of dissatisfaction' with Infosys-designed GST Network, including transition issues for taxpayers in Jammu a ...

Kerala HC AARs can determine place of supply under the GST regime

11 Oct

The Kerala High Court has paved the way for the Authority for Advance Rulings (AARs) to decide the place of supply under the goods and services tax (G ...

Nandan Nilekani gets govt summons over persisting GSTN glitches

11 Oct

The government has asked Infosys chairman Nandan Nilekani to explain why the IT major has failed to fix glitches in the GST Network. Nilekani will hav ...

GST Registration can be cancelled for not furnishing returns for a continuous period of 6 months

11 Oct

The Kerala High Court has ruled that the proper officer may cancel the GST registration of a person for not furnishing the returns for a continuous pe ...

E-invoicing under GST may be deferred

09 Oct

The government is considering deferring the implementation of e-invoicing under goods and services tax (GST) by three months to July 1, two officials ...

Two directors of apparel exporting companies arrested for fraudulently claiming refund

09 Oct

The Directorate General of GST Intelligence (DGGI) on 7th March said it has registered a case against Aastha Apparels Pvt Ltd and others for fraudulen ...

Central, state GST officials discuss measures to increase revenue, detect tax evasion

09 Oct

With the Centre not being able to increase its GST collections, efforts are now underway to tighten regulations and to re-examine incentives and expor ...

GST officials examine further tightening of rules to boost revenue

07 Oct

Central and state officials examined if Goods and Services Tax (GST) Rules could be further tightened to improve tax compliance and revenue collection ...

JSW Group receives clarity from Maharashtra AAAR for GST on coal

07 Oct

The Maharashtra Appellate Authority for Advance Ruling (AAAR) for Goods and Service Tax has passed an order to exclude the Sajjan Jindal-led JSW Energ ...

GST Intelligence unearths Rs 150 crore fraud after raids in J&K, Delhi and UP

07 Oct

The Directorate of the Goods and Services Tax Intelligence here has detected fraudulent input tax credit (ITC) claims totalling Rs 150 crore after a s ...

Companies challenge Government's decision in court to impose GST on license and spectrum fee

06 Oct

At a time when telecom majors are embroiled in a crisis overpaying AGR dues and Goods and Services Tax (GST) refund, a group of small companies have d ...

Interest on delayed payments to figure in GST Council meet

06 Oct

Businesses facing the prospect of having to pay around Rs 46,000 crore as interest on delayed payment of goods and services tax (GST) may get a reprie ...

Fate of West Bengal state lottery uncertain as threat of GST hike looms large

06 Oct

West Bengal State Lottery has received a severe blow due to a steep rise in the Goods and Services Tax (GST), forcing the lottery ticket sellers and a ...

GST officers book case against 3 firms for issuing fake invoice

05 Oct

GST officers have booked case against three firms for issuing fake invoice worth over Rs 4,198 crore and fraudulently claiming input tax credit of Rs ...

A lower GST rate for auto sector is suggested by parliamentary panel

05 Oct

A parliamentary panel suggested lower GST rate for the automobile segment at least till the revival of the sector, and uniform road tax across all sta ...

Man claims Rs.5 crore in GST by setting up a fake export firm

05 Oct

A Navi Mumbai man was booked for setting up a fake export firm and claiming Goods and Services Tax (GST) returns of Rs.5.04 crore. The Economic Offenc ...

Fake invoicing racket worth Rs 7,896 cr busted

04 Oct

The anti-evasion wing of Central Tax, Delhi West Commissionerate, cracked down on a racket of fake invoicing to the tune of Rs 7,896 crore, and involv ...

Bail pleas of two GST racket accused rejected

04 Oct

Local courts in Valsad and Surat rejected the bail pleas of two accused earlier arrested by Directorate General of GST Intelligence (DGGI) for evading ...

Monthly GST Lottery offer for B2C Invoices to start from April 1

03 Oct

The government is planning to launch lottery offer under the Goods and Services Tax (GST) from April 1 by conducting lucky draws every month for invoi ...

Samsung fined over Rs 37 lakh for not reducing prices of TV post GST rate cut

03 Oct

India’s National Anti-profiteering Authority (NAA) has slapped a penalty of Rs 37.85 lakh on South Korean electronics major Samsung for not passing on ...

GST officials detect fake invoices in Delhi, 3 arrested

03 Oct

GST officials have arrested three persons involved in floating 17 fake firms and wrongfully availing credit on taxes paid on input worth Rs 436 crore ...

GST collections fall short of target for February stand at Rs 1.05 lakh crore

02 Oct

Goods and Services Tax collections for February stood at Rs 1.05 lakh crore, falling short of the Rs 1.15 lakh crore target set by the government but ...

Panel formed in Andhra Pradesh to deal with GST grievances

02 Oct

A Grievance Redressal Committee comprising GST officials from the Centre and the State, representatives of trade associations, tax professionals and G ...

CBIC Chairman M Ajit Kumar briefs professionals on GST at Guwahati

02 Oct

CBIC Chairman M. Ajit Kumar on February 28 interacted with the members of Trade and Industry as well as professionals in the field of indirect taxes a ...

CBI books GST Asst Commissioner for undeclared income

29 Oct

The CBI has made an official note of the personal details of Deepak Pandit, an Assistant Commissioner of GST and Central Excise, in corruption charges ...

J&K Govt. extends Amnesty Scheme for settling unresolved GST issues

29 Oct

The Government of Jammu and Kashmir’s Finance Department, has announced an extension of the amnesty scheme for the settlement of unresolved GST issues ...

GST Audit Authority and Business Intelligence Unit proposed in Rajasthan Budget

29 Oct

Rajasthan Budget has proposed to constitute a GST Audit Authority and Business Intelligent Unit for efficient management of commercial taxes in the in ...

Voda Idea asks DoT for Rs 8,000 crore GST refund

28 Oct

Financially stressed telecom operator Vodafone Idea, in a letter to the Department of Telecommunications (DoT), has sought the adjustment of Goods and ...

Taxmen raid detect large scale GST evasion

28 Oct

The Commercial Taxes Department has unearthed large scale evasion of GST by jewelers after it found 60 kg of gold ornaments worth Rs 21 crore without ...

Haryana GST Dept extends time limit for submitting declaration in FORM GST TRAN-1

28 Oct

The Commissioner of State Tax, extended the period for submitting the declaration in FORM GST TRAN-1 till 31st March 2020, for the class of registered ...

GSTN launches new toll-free number for Helpdesk. Old number discontinued.

27 Oct

The Goods and Services Tax Network (GSTN) on 26.02.20 said it has launched a new toll-free number for GST helpdesk, which will be operational 365 days ...

Rs 500-crore GST racket busted, 2 held in Kolkata

27 Oct

The city zonal unit of the Directorate General of GST Intelligence (DGGI) on Tuesday unearthed a GST fraud of Rs 500 crore over multiple transactions. ...

Odisha expecting GST compensation grants of Rs 6,200 cr for FY21

26 Oct

Odisha has estimated Goods & Services Tax (GST) compensation grants of Rs 6200 crore for 2020-21, an increase of 2.9% over the revised estimate (R ...

Notices issued to companies over late input credit claim under GST frame

26 Oct

The indirect tax department has issued notices to thousands of companies that had claimed input tax credit under the Goods and Services Tax framework ...

Calcutta HC stays Service Tax Audits Post-GST Rollout

26 Oct

The Calcutta High Court has stayed the Service Tax Audits against Magma Housing Finance Ltd., which demands the details for Service Tax Audits.Counsel ...

Gujarat HC releases Goods detained by GST Department for want of E-Way Bill

25 Oct

The Gujarat High Court has ordered the GST Department to release goods and consignments which is detained for not carrying E-Way Bill is a result of t ...

GST officials raid steel trader, unearth tax evasion of crores

25 Oct

The enforcement wing of the state Goods and Services Tax (GST) department unearthed tax evasion allegedly worth several crores of rupees by a Raipur-b ...

28% GST on lotteries from March 1

24 Oct

A 28 per cent Goods and Services Tax (GST) will be levied on lotteries from March 1, according to a notification. The GST Council had in December last ...

Tax parity needed between cotton and man-made fibres

24 Oct

Textile Minister Smriti Irani has approached Finance Minister Nirmala Sitharaman seeking her intervention to ensure parity of the Goods and Services T ...

Companies take government and the indirect tax department to court over denial of GST credit on gifts

22 Oct

A group of companies has dragged the government and the indirect tax department to court over denying input tax credit on gifts and sample ...

GST Dept Notices Are Demanding Interest as Low as Rs2 on Late Payments

22 Oct

After directions from the Central Board of Indirect Taxes and Customs (CBIC) to recover goods and services tax (GST) interest, totalling Rs 46,000 cro ...

Stop indiscriminate stoppage of GST credit : Punjab to centre

22 Oct

Punjab's Finance Minister, Manpreet Singh Badal has asked the central government to remove a block on goods and services tax (GST) credits as it was l ...

Delhi HC grants stay to Nestle

22 Oct

Coming to the rescue of fast-moving consumer goods giant Nestlé, the Delhi High Court has again stayed National Anti-profiteering Authority’s (NAA’s) ...

Mumbai's Rotary Club gets GST relief on membership fees On appeal

20 Oct

Rotary Club of Mumbai-Queens Necklace, one of the clubs affiliated to Rotary International, has got relief against paying GST for membership, subscr ...

After CCB raids, GST shock for Bangalore Turf Club bookies

20 Oct

The Enforcement wing of the Karnataka Goods and Services Tax (GST) department conducted simultaneous raids on 20 Bangalore Turf Club bookies and une ...

Delhi HC stays order in profiteering after sanitary napkins got GST exemption

19 Oct

The Delhi High Court stayed the National Anti-Profiteering Authority order holding that Johnson & Johnson Private Ltd had indulged in profiteering ...

CBIC mandates Registered Taxpayers to quote GSTIN on EXIM Declarations

19 Oct

The Central Board of Indirect Taxes and Customs (CBIC) in a circular clarified that it is mandatory for registered taxpayers to declare GSTIN on EXIM ...

HP GST Appellate Authority imposes Penalty on Failure to Generate E-Way Bill

19 Oct

The Himachal Pradesh Appellate Authority held that taxpayer failed to cover all the documents i.e. E-way Bills during the transportation of goods and ...

States to get Oct-Nov GST compensation before next Council meet

18 Oct

The Centre will pay out compensation to states for the October-November period before the next Goods & Services Tax (GST) Council meeting tentativ ...

Madras HC says Interest should be Levied on Belated GST Cash Payments but not on ITC

18 Oct

While allowing the Writ Petition, the Madras High Court has held that the GST Department could be levied interest only on the cash component of the ta ...

GST Council may discuss payout to states, review tax structure

17 Oct

The Goods and Services Tax (GST) Council will meet soon to decide on the compensation to be paid to states for shortfall in revenue after implementati ...

IMF team says India’s GST collections are below potential

17 Oct

An analysis by International Monetary Fund (IMF) team states that Multiple rates, exemptions and implementation challenges are affecting goods and ser ...

More than 90% filed GSTR-9, GSTR-9C till 12th Feb

15 Oct

The Central Board of Indirect Taxes and Customs (CBIC) said that more than 90% of taxpayers have filed the GSTR-9 (Annual Return) and GSTR-9C (Reconci ...

No GST on Composite Supply of Crushing Food Grains and Delivery of Crushed Grains belongs to State Government

15 Oct

The West Bengal Authority for Advance Ruling (AAR) held that the composite supply of crushing the food grains belonging to the State Government and de ...

18% GST on food-drinks within or away from hotel

15 Oct

In a significant order, the Maharashtra Authority for Advance Ruling (MAAR) rejected a plea by a five-star hotel contending that food and beverages se ...

HC stays GST notice against A.R. Rahman

14 Oct

The Madras High Court on 12th Feb granted an interim stay on an order passed by a Commissioner of Goods and Services Tax (GST) and Central Excise on 1 ...

HC grants bail to CA accused of wrongly availing Input Tax Credit

14 Oct

The Rajasthan High Court has granted bail to Paridhi Jain, a Chartered Accountant accused, based in Jaipur who was involved in the wrongful availing o ...

CBI raids GST Office in Delhi after arresting Manish Sisodia’s OSD

14 Oct

The probe by the Central Bureau of Investigation in the alleged corruption in connection with GST is moving towards a direction where it appears that ...

Centre to raise Rs 46,000 crore as interest on late GST payment

13 Oct

The Central Board of Indirect Taxes & Customs (CBIC) has asked GST officials to collect interest of nearly Rs. 46,000 crore on account of delayed ...

India’s Tax Authorities has issued notices on Non-Compete Fees

13 Oct

The Central Board of Indirect Taxes and Customs has issued notices to some private equity firms, investors, and others who entered into non-compete ag ...

AAR says 18% GST applicable on Transformers supplied to Indian Railways

13 Oct

The Maharashtra Authority of Advance Ruling (AAR) on an application made by an applicant held that the ‘transformers’ supplied to Indian Railways is c ...

Show your GST bill and win up to Rs 1 crore

12 Oct

A customer will have the chance of winning the lottery prize from Rs 10 lakh to Rs 1 crore. By uploading the bill on the GST portal customer can& ...

Tax Authorities detects fraudulent GST refund claims of Rs 1,912 Cr

12 Oct

Central tax Authorities have detected 634 cases of fraudulent goods and services tax (GST) refund claim by exporters amounting Rs 1,912 crore between ...

SC refuses to stay Rajasthan HC order extending deadline of GSTR-9 and GSTR-9C

12 Oct

Supreme Court through its bench comprising of Justice R F Nariman and Justice Ravinder S Bhatt has refused to interfere in order passed by Rajasthan H ...

Tax Department wants companies to pay GST on non-compete fee

11 Oct

Non-compete agreements during acquisitions that restrict the seller from starting a new venture for some time or poaching employees and customers, hav ...

GST taxpayers are receiving piles of notices and advisories

11 Oct

With government going all-out to plug GST loopholes to contain evasion and bolster collections, taxpayers are frequently receiving notices and advisor ...

Sitharaman says "States will decide when petroleum products are to be taxed under GST"

10 Oct

Petrol and Petroleum Products are already under GST and it is now up to the States and also the GST Council to take a call on when they want ...

Centre Informally Proposed rationalization of GST Rates Once A Year

10 Oct

In present system when one item's rate of taxation is brought down, a lot of other ripple effects are created, and with that, either the refund gets a ...

Traders to be consulted on GST return filling by the Panel

10 Oct

A panel of industry and trade representatives has been set up to give suggestions to the Goods and Services Tax Network (GSTN) on the functioning of t ...

GST council meeting may take a big decision on tax rates

08 Oct

There are signs of major changes in the current rates and slabs of GST. According to sources, the government wants to keep only 3 rates (i.e. slabs 8% ...

ICRA say GST compensation fund likely to fall short by Rs 25,000 Cr. in current fiscal

08 Oct

The Centre by law has to pay the states at 14 per cent annually for the first five years of the GST regime and the government had earlier projected an ...

Daily wagers held in Rs100 cr fake GST bills case; probe on to reach mastermind

08 Oct

Three daily wagers have landed in the taxman’s net in an intricate GST evasion racket allegedly involving fake transactions of over Rs 100 Cr.

...

10 year imprisonment for hacking GST Database

07 Oct

Hacking into the government’s India's Goods and Services Tax (GST) Database and its associated infrastructure dependencies installed at GST Network (G ...

Centre and state tax officers will share taxpayers information to tighten enforcement measures to check GST evasion

07 Oct

"CBIC launches application for sharing information between Centre and state for targeted enforcement action against GST evasion. A big leap in intelli ...

GSTR-9 & GSTR-9C filing due date extended till February 12 by Rajasthan HC

07 Oct

The Rajasthan High Court has stepped in to address the grievances and extend the due date of filing GSTR-9 and GSTR-9C for taxpayers in the state.
...

AITF president writes to CM alleging corruption in Punjab state GST Department

06 Oct

Serious allegations have been levelled against the state Goods and Services Tax (GST) department. Badish Jindal, President of All Industries and Trade ...

GST revenue jumps 12% this Fiscal in Nashik division

06 Oct

The Nashik divisional has registered 12.36 % rise in its revenue through Goods and Services Tax (GST) during April-Jan of current financial year 2019- ...

Builder arrested for Rs 18cr GST evasion

06 Oct

The Directorate General of GST Intelligence (DGGI) arrested a real estate developer on charges of evading GST payments of around Rs 18 crore. Accordin ...

For encouraging customers to ask for bills Govt plans GST lottery offers of Rs. 10 Lakhs to Rs. 1 Cr.

05 Oct

The government is planning to introduce lottery offers between Rs 10 lakh and Rs 1 crore under the GST to encourage customers to take bills while maki ...

Different due dates notified for GSTR 3B by CBIC for taxpayers

05 Oct

The Central Board of Indirect Taxes and Customs ( CBIC ) has notified the different due dates for GSTR-3B for the Taxpayers having turnover up to Rs. ...

Job work charges charged for manufacturing of Poultry Feed/Cattle Feed on job work basis is taxable

05 Oct

It was held in M/s Gupta steel udhyog v/s Shri Navdeep Bhinder (State Tax) & Parul Garg (Central Tax) that the activity of manufacturing ...

GSTR-9 and GSTR-9C filing dates extended to February 5 and 7 by CBIC

04 Oct

The due dates for GSTR9 and 9C has been extended further in a staggered format. In a tweet CBIC says, the due dates for GSTR-9 and GSTR-9C for FY 2017 ...

Fake invoicing under GST a non-bailable offence as per Union Budget 2020

04 Oct

In order to crack down on fake invoicing and fraudulent input tax credit (ITC) refunds under the goods and services tax (GST), the Budget has introduc ...

GST compensation to be released to states in 2 installments by center

04 Oct

The minister said GST (Compensation to States) Act, 2017 provides for compensation to States/UTs (UT with legislature only) on account of revenue loss ...

GST returns: Govt may block e-way bills of defaulters

03 Oct

Hundreds of traders are staring at bleak future as Jammu and Kashmir government is all set to block their e-way bills for failing to submit GST return ...

GST staff among 2 held for hoarding foreign liquor

03 Oct

Two persons, including a havildar of central GST department, were nabbed and 31 liquor bottles were seized from their possession on Sunday. Excise off ...

SC Dismisses Gurdeep Sachar’s Clarification Application in Dream11 GST matter

03 Oct

A Supreme Court bench of Justices Rohinton F. Nariman and S. Ravindra Bhat on Friday dismissed a clarification application filed by advocate Gurdeep S ...

CBIC extends GSTR-9 and GSTR-9C filing dates in a staggered manner

01 Oct

The Central Board of Indirect Taxes and Customs (CBIC) late on Friday night extended the due date for furnishing GST Annual Return and Reconciliation ...

GST collection crosses Rs 1.1 lakh crore in January

01 Oct

GST collections have crossed the Rs 1 lakh crore mark for the third month in a row in January with improved compliance and plugging of evasion, source ...

Top Infosys Executives Get Summons from Finance Ministry for GST Technical Issues

31 Oct

The finance ministry has summoned senior Infosys executives to find out why the technology major has been unable to fix glitches in the GST Network sy ...

Chandigarh to Levy GST on Commercial Ventures of Bar Association

31 Oct

The UT excise and taxation department has asked Punjab and Haryana High Court bar association to submit information regarding the revenue being genera ...

President of TVS,Request Govt to look at relaxing GST for two-wheelers

31 Oct

Corporate Tax Rate cut along with reduction in GST on electric vehicles were some of the few welcome steps initiated by the government last year. For ...

Handicraft artisans hope for GST cut

30 Oct

Ahead of the Union Budget, artisans in the handicraft sector are looking for greater tax relief to overcome the financial impact of the economic downt ...

GST, VAT collection dips as 6 states' tax revenue till November FY20 falls

30 Oct

States like Andhra Pradesh, Gujarat, Maharashtra, Punjab, Manipur, and Uttarakhand saw fall in their overall tax receipts during the first eight month ...

Oil Ministry pitches for inclusion of natural gas in GST

30 Oct

Ahead of the Union Budget, the Oil Ministry has made a renewed pitch for inclusion of natural gas in the ambit of GST to promote the use of the enviro ...

Budget 2020: Entertainment sector once again urges for rationalization of GST rates

29 Oct

The entertainment industry may seem to be on a blockbuster run. For films, 2019 turned out to be the strongest year so far, and this year as well, the ...

GST collections in January may touch record high of Rs 1.15 lakh crore

29 Oct

Goods and Service Tax (GST) collections may touch a record high of Rs 1.15 lakh crore in January. The highest monthly GST collection so far, since its ...

5,000 companies under scanner over mismatch between I-T and GST filings

28 Oct

Around 5,000 companies have come under the scanner of tax authorities due to alleged discrepancies between their Goods and Services Tax (GST) filings ...

Government blocks Rs 40,000 crore GST claims on returns mismatch

28 Oct

The Central Board of Indirect Taxes and Customs (CBIC) has frozen tax credits of around Rs 40,000 crore as the returns did not match, exposing alleged ...

Scrappage policy, GST reduction on SIAM’s Budget wishlist

28 Oct

Automotive industry body SIAM on Monday urged the finance ministry to announce scrappage policy along with the reduction of GST rates for BSVI vehicle ...

GST Enforcement: Attach Bank Accounts in a restricted manner , Says Bombay High Court

27 Oct

The Bombay High Court recently ordered that GST officials must not exercise the power of attaching a taxpayer’s bank account on a routine basis as it’ ...

Slash GST on Auto LPG, address policy issues stalling growth: Industry body to FM

27 Oct

Leading industry body Indian Auto LPG Coalition has sought GST reduction on Auto LPG as well as on conversion kits for gaseous fuels to promote the ad ...

How e-invoicing under GST will help businesses in the long run

27 Oct

Issue of e-invoices by the taxpayers registered under GST having a turnover above Rs 500 crores has been notified on 13th Dec 2019. It is optional to ...

Tax Authorities To Block GST Credit Of Over 1,000 Taxpayers

25 Oct

The government has asked GST authorities to block input tax credit of about 1,000 taxpayers who have allegedly claimed more credit than they were elig ...

Tax practitioners protest against network glitches in GST

25 Oct

Taking exception to the network-related glitches in the implementation of Goods and Services Tax (GST), the tax practitioners took out a rally i ...

Odomos is Mosquito Repellent, not Medicine, 18% GST applicable

24 Oct

While upholding the ruling Appellate Authority Advance Ruling (AAAR) the Allahabad High Court has held that odomos is not a medicine, it is a mosquito ...

GST returns can now be filed in a staggered manner

23 Oct

The finance ministry on Wednesday staggered last dates of filling GSTR-3B, a monthly return form, and has provided three dates for different categorie ...

Ashok Chavan demands Central GST waiver on 'Tanhaji'

23 Oct

On a day the Shiv Sena-led Maharashtra government made "Tanhaji: The Unsung Warrior" tax-free, state PWD Minister Ashok Chavan on Wednesday demanded t ...

Compensation Paid for setting up of SEZ will be considered as ‘Supply of Services.

22 Oct

The Goa Authority for Advance Ruling (AAR) held that compensation paid for setting up of Special Economic Zone (SEZ) unit will be considered as a ‘sup ...

Mumbai: Trading firm director held in Rs 10-crore GST scam

22 Oct

Central Goods and Services Tax (CGST) officials have arrested a 36-year-old director of a metal trading firm in a Rs 10-crore GST scam.
The Thane w ...

Non-compliance in GST Payments may be losing Rs 5 Tn in Revenues

21 Oct

The government may be losing Rs 5 trillion in indirect tax revenue a year, amounting to 40% of its goods and services tax (GST) collection target, bec ...

Budget 2020 :Reduction in GST tops demands of auto industry

21 Oct

Reduction in the Goods & Services Tax (GST) tops the budget wish-list of the beleaguered automobile industry. Last year, the industry recorded its ...

Electronics sector seeks lowering of GST, waiver of duty on imported inputs

21 Oct

The domestic consumer electronics industry has sought lowering of goods and services tax (GST) and waiver of import duty for inputs used to make compo ...

Finance Ministry and exporters spar over GST refunds

20 Oct

Small businesses, mainly exporters, are at loggerheads with Finance Ministry over the input tax credit refunds. While exporters claim the government h ...

Govt considering levying specific rate of excise duty on aviation turbine fuel.

20 Oct

With no sight of including jet fuel in Goods and Services Tax (GST) in near future, the government is considering levying specific rate of excise duty ...

Anti evasion wing of Mumbai Central GST busts major illegal gold movement channel.

18 Oct

The anti evasion wing of Mumbai Central GST has busted a “major illegal gold movement channel,” the GST Mumbai Central Commissionerate tweeted Friday ...

Govt revises target for GST collections again.

18 Oct

To augment collections amid growing concerns over missing the budgeted estimates, the government has reset the target for goods and service tax (GST) ...

Bhutan Introduces Revolutionary GST Reform

18 Oct

The Bhutan’s Ministry of Finance introduced GST of flat 7% that will replace all indirect taxes like sales tax, customs duty and exercise duty as per ...

Budget 2020 Expectations: Hospitality Industry demands faster GST repayment from Nirmala Sitharaman.

17 Oct

The Union Budget is a fortnight away and various industry insiders have started to put forth their demands for induction in the final budget to be pre ...

Anti-profiteering body could come down heavily on companies flouting GST norms.

17 Oct

The National Anti-Profiteering Authority (NAA), is likely to come down heavily on several organizations in the corporate sector, as show cause notices ...

Over 1,200 exporters untraceable, Rs 350 crore fake IGST refunds saved.

16 Oct

A recent analytics-driven probe into Goods and Services Tax (GST) refunds has led investigators to detect more than 1,200 untraceable exporters, savin ...

Anti-profiteering body steps up GST compliance drive

16 Oct

A wave of orders is expected from the National Anti-profiteering Authority (NAA) in the next three months, with the Centre stepping up a goods and ser ...

Govt may propose GST refunds on capital goods purchases to exporters.

16 Oct

In a bid to alleviate exporters’ concerns amid an economic slowdown, the government is likely to propose changes to the goods and services tax (GST) p ...

Madhya Pradesh HC denies Bail Application to GST Evader worth Rs 60cr.

16 Oct

The Madhya Pradesh High Court has denied the Bail application filed by GST Evader in connection with Crime which registered at Commissioner, Central G ...

Budget may make faking input tax non-bailable crime for buyers too.

15 Oct

The government is likely to make fraudulent claims for input tax credit a non-bailable offence in the hands of recipients of goods and services in the ...

HC clears confusion over contentious issue of composite supply under GST

15 Oct

The Kerala high court has tried to clear the air over the contentious issue of composite supplies under the Goods and Services Tax (GST) which experts ...

Traders' body will urge finance minister to probe alleged avoidance of GST by Amazon, Flipkart

15 Oct

Traders body Confederation of All India Traders (CAIT) will urge finance minister Nirmala Sitharaman for an investigation into alleged avoidance of GS ...

931 GST fraud cases identified through Data Analytics

14 Oct

Department of Revenue through data analysis has identified 931 cases of fraudulent GST.The maximum numbers of such cases for Input Tax Credit frauds h ...

Include gas under GST

14 Oct

The International Energy Agency (IEA) has slammed India’s natural gas pricing policy, saying linking domestic production to very low global reference ...

Banks, telcos, insurers may be exempted from GST e-invoices.

13 Oct

Banks, airlines, insurance companies, armed forces and telecom service providers are likely to be exempted from mandatory issuing of e-invoices under ...

Budget 2020: Industry Body Calls For Reduction In GST On Automobiles To 18%.

13 Oct

Finance Minister Nirmala Sitharaman will present her second Union Budget on February 1. All eyes will be on what the Budget holds for car buyers. In t ...

GST number of 12 thousand defaulting firms cancelled in Uttarakhand.

13 Oct

Cracking down on erring business firms, state Goods and Service Tax (GST) department has cancelled registration numbers of over 12,000 firms, which di ...

Will Discuss With Like-minded Ministers About Moving SC Over GST Compensation, Says Kerala FM

11 Oct

Kerala Finance Minister Dr TM Thomas Isaac said he will put up a proposal before other finance ministers on the possibility of approaching the Supreme ...

CGST Chandigarh commissionerate’s crackdown on GST violators

11 Oct

The central GST department on Friday conducted “Searches and Survey” at several places in Chandigarh and found major irreegularities and evasion of ta ...

Do away with GST on services by microfinance companies.

10 Oct

Microfinance industry body Sa-Dhan in its wish-list for Budget 2020-21 has urged the government to do away with levy of goods and services tax (GST) o ...

Bizman held for Rs 34 crore Goods and Services Tax evasion.

10 Oct

The zonal unit of Director General of GST Intelligence (DGGI) has arrested a 69-year-old man for violation of CGST Act by allegedly issuing fake invoi ...

GST authorities begin audit exercise: issue show cause notices

09 Oct

India Inc is set to face first ever tax audit under the goods and services tax (GST) regime. The GST authorities have begun issuing notices for the ta ...

Nine-point plan to plug GST revenue leaks

08 Oct

A nine-point plan has been firmed up to plug revenue leakages under the goods and services tax regime. It includes setting up a panel with tax officia ...

Central government, states to get tough on GST refund claims

08 Oct

Central and state government officials on Tuesday decided to scrutinize goods and services tax (GST) refund claims more diligently, compulsorily inves ...

Govt may link GST refund to remittance for risky exporters

08 Oct

Linking foreign exchange remittances with integrated GST refunds may be undertaken to check fraudulent refund cla ...

Govt needs a carrot-and-stick policy for better GST collections

07 Oct

Two years after introducing a poorly thought out, and hastily pushed through, Goods and Services Tax (GST), the government is grappling with a botched ...

Two Maithan Ispat employees arrested for 'GST fraud' in Odisha

07 Oct

Two top executives of Maithan Ispat Limited, a subsidiary of MESCO Steel, have landed behind the bars for allegedly availing Rs 23 crore input tax cre ...

Buoyancy in GST collections doesn’t suggest the economy is firing up

06 Oct

Goods and services tax (GST) collections in December accelerated to cross the Rs.1 trillion mark for the second consecutive month, up 8.9% year-on-yea ...

GST compensation payment delay raised

06 Oct

The Parliamentary panel on Finance met on Friday and Opposition members raised the delay in payment of compensation for loss of revenue from implement ...

GST Authorities want Eagle Eye on Exporters

06 Oct

Because of massive amount of frauds detected by GST authorities, the Central Board of Indirect Taxes and Customs (CBIC) has now written to Directora ...

GST Authorities want Eagle Eye on Exporters

06 Oct

Because of massive amount of frauds detected by GST authorities, the Central Board of Indirect Taxes and Customs (CBIC) has now written to Directora ...

Revenue secretary, tax commissioners to meet on streamlining GST system

04 Oct

To streamline Goods and Service Tax (GST) system and refunds, enhance GST compliance and discourage tax evaders, commissioners of state tax and chief ...

E-commerce Cos may get to Upload GST E-Invoice for Vendors

04 Oct

In a significant relaxation for the ecommerce sector, the government could allow online platforms such as Amazon and Flipkart to upload e-invoice for ...

AI, Data Analytics To Track GST Evaders, Boost Compliance

03 Oct

The government plans to increase the use of artificial intelligence and data analytics to track down tax evaders, and improve compliance with the Good ...

Manufacturers Seek GST Cut to 12% on mobile handset inputs

03 Oct

Indian mobile handset manufacturers have sought a lower 12 per cent GST on the Parts and Accessories universe as per the phased manufacturing programm ...

Publishers to pay GST for publishing NCERT books for UP Board

03 Oct

Publishers of books for Uttar Pradesh Madhyamik Shiksha Parishad (UPMSP), also known as UP Board, will have to pay goods and services tax (GST) to the ...

AI, Data Analytics To Track GST Evaders, Boost Compliance

03 Oct

The government plans to increase the use of artificial intelligence and data analytics to track down tax evaders, and improve compliance with the Go ...

GST Evaders Set To Face Stricter Scans Officials Plan to tally Bank A/Cs with Filings -

02 Oct

Goods and service tax (GST) authorities are going to seek bank account details of businesses to tally with their filings, apart from initiating othe ...

GST rate hikes may come in phases to reduce price pains

02 Oct

India could look at a calibrated increase in the goods and services tax rates to shield consumers from sudden price shocks, apart from minimizing exem ...

GST kitty crosses Rs 1 lakh crore, second month in a row

02 Oct

Gross Goods and Services Tax (GST) collections crossed the Rs 1 lakh crore benchmark for the second consecutive month in December 2019. At Rs 1.03 lak ...

CGST Rate Notification No.29/2019 for RCM service

01 Oct

To amend notification No. 13/ 2017- Central Tax (Rate) which was further amended by 22/2019 dated 30.09.19 in respect of RCM services, to replace ...

Notification No. 28/2019- Central Tax (Rate)

01 Oct

To amend notification No. 12/ 2017- Central Tax (Rate) .In the said notification, in the Table, against serial number 41, - (a) in column (3), for th ...

Notification No. 28/2019- Integrated Tax (Rate)

01 Oct

To amend notification No. 10/ 2017- Integrated Tax (Rate),To amend notification No. 10/ 2017-Integrated Tax (Rate) , to replace the Services spec ...

Notification No. 27/2019- Integrated Tax (Rate)

01 Oct

To amend notification No. 9/ 2017- Integrated Tax (Rate),In the said notification, in the Table, against serial number 43, - (a) in column (3), for t ...

Notification No. 29/2019- Union Territory Tax (Rate)

01 Oct

To amend notification No. 13/ 2017- Union Territory Tax (Rate) , to replace the Services specified under S. no. 15 to include the Taxi Services p ...

Notification No. 28 /2019- Union Territory Tax (Rate)

01 Oct

To amend notification No. 12/ 2017- Union Territory Tax (Rate) ,In the said notification, in the Table, against serial number 41, - (a) in column (3) ...

Notification No.27/2019-Central Tax (Rate)

01 Oct

In the said notification, - (a) in Schedule II - 6%, serial numbers 80AA and 171A and the entries relating thereto shall be omitted; (b) in Schedul ...

Government notifies changes to rules on input tax credit

01 Oct

In an effort to curb the menace of fake invoices and tax evasion, the Finance Ministry has notified a new norm of limiting the input tax credit to 1 ...

Over Rs 1.12 lakh crore paid as IGST refunds to exporters

31 Oct

The Central Board of Indirect Taxes and Customs (CBIC) has paid over 83500 exporters the IGST refunds worth Rs 1.12 lakh crore. Stating the refunds ...

GST rate slabs likely to be restructured post-Budget; Centre, state govts to discuss new rates

31 Oct

The Centre is planning to restructure the Goods and Services Tax (GST) and in this regard will talk to the state governments after the presentation of ...

GST facelift: Electronic invoicing, new returns to be introduced in 2020

31 Oct

Two things that will change the way transactions are reported under the goods and services tax (GST) system in 2020 are electronic invoicing and new r ...

Oil ministry wants cut in GST on CNG vehicles to 5%

31 Oct

The oil ministry has proposed reducing the goods and services tax on compressed natural gas (CNG)-driven vehicles to 5% — at par with electric vehicle ...

GST overhaul next on agenda after budget

30 Oct

The Narendra Modi administration and state governments will hold fresh negotiations to overhaul the goods and services tax (GST) after the Union budge ...

New procedures in GST system may be challenged in courts

30 Oct

Experts say the new procedures in the goods and services tax (GST) system that enable officials to attach properties, including bank accounts, and can ...

GST woes: Nearly 250 Star Export Houses denied refunds

30 Oct

Amid the country’s dismal exports performance — merchandise exports shrank 0.34% year-on-year in November, the fifth contraction in the past eight mon ...

Pending GSTR-1: Pay this much late fee, or file return by 10 January to avoid penalty

28 Oct

Taxpayers can clear their backlog of GSTR-1, pending from July 2017 to November 2019 without paying any late fees as the authorities have provided a o ...

GST returns filing: Tax officials can attach property, freeze your bank account if you don't file on time

28 Oct

Goods and Services Tax (GST) authorities can freeze your bank account, attach your property, if you do not file your (GST) returns on time. A new set ...

NATHEALTH urges govt for zero-rating GST on health services

27 Oct

Healthcare Federation of India (NATHEALTH) on Thursday urged the government for bringing in zero-rating GST for healthcare services and making it a ...

GST officials unearth Rs 241-cr tax evasion through fake invoicing

27 Oct

GST officials have unearthed a racket involving fake invoicing worth Rs 1,600 crore that resulted in tax evasion of Rs 241 crore, an official release ...

SOP for Notice and Assessment for defaulters

26 Oct

Notice will be issued on the fifth day if GST returns are not filed. Assessment after 15 days and tax demand will come out after next 30 days.The gove ...

GST Grievance Redressal Committee to be put in Place

26 Oct

Grievance Redressal Committees will be set up at the state and zone levels soon to assist trader and industrialists combating the technical issues o ...

NITI member favours 2 GST slabs

26 Oct

NITI Aayog Member Ramesh Chand on Wednesday made a case for only two slabs under the Goods and Services Tax (GST) regime as against the current multip ...

Government looks to rework GST on mobiles, footwear, etc.

25 Oct

The government is looking to rework the GST structure for a range of products, starting from footwear and fertiliser to mobile phones and medical eq ...

GST profiteering: Rs 230-crore penalty on Johnson & Johnson

25 Oct

The National Anti-Profiteering Authority has slapped a Rs 230 crore penalty against baby products maker Johnson& Johnson for profiteering from ...

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Insurers seek tax relief from GST Council, want tax rate reduced to 5%

25 Oct

Life and general insurance companies have sought reduction in the Goods & Services Tax (GST) rate from the GST Council. Citing low penetration ...
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Companies under IBC process may get GST relief

24 Oct

The government may allow companies undergoing resolution under the Insolvency and Bankruptcy Code (IBC) to pay current levies of goods and services ...
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GST compensation cess may see Rs 63,000 crore shortfall

24 Oct

The centre is staring at a Rs 63,200-crore shortfall in goods and services tax compensation cess for FY20 as revenues slow down. Delay in release of ...
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Banks reach out to advisers seeking clarity on GST over CBLO income

24 Oct

Top banks that use collateralised borrowing and lending obligation (CBLO) instruments have reached out to their tax advisers, seeking clarity on whe ...
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No possibility of any change in GST slabs, rates until revenue stabilises

23 Oct

There is no possibility of a GST rate hike before indirect tax revenue generation stabilisies. States are not in favour of increasing GST rates at a ...
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Companies under IBC process may get GST relief

23 Oct

The government may allow companies undergoing resolution under the Insolvency and Bankruptcy Code (IBC) to pay current levies of goods and services ...
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Despite GST dues payment, worries far from over on revenue front

23 Oct

GST collection contracted for two consecutive months of September (2.7 per cent) and October (5.3 per cent), while November collection showed an upt ...
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Business fears hit to cash flow from new GST input tax credit restriction

21 Oct

Industry fears that the Goods and Services Tax (GST) Council’s decision to further restrict input tax credit (ITC) on invoices not uploaded in the r ...
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Haryana Records 18 per cent Growth in GST

21 Oct

In Haryana, the revenue under State GST has recorded a growth rate of 33 per cent in the month of November, 2019 over the corresponding month of the ...
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Cash flow to be further impacted as GST Council lowers eligible credit under ITC to 10%

20 Oct

The 38th meeting of the GST Council has made further changes to the way you can claim input tax credit. According to the Council in case where there i ...
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India must move towards a single-rate GST: Kelkar

20 Oct

The shortfall in goods and Services Tax (GST) revenue collection is an investment for progress as the long-term benefits of tax reforms are immense, a ...
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GST Council extends due date of filing GSTR-9 and GSTR-9C

19 Oct

The GST Council in its meeting today has extended the Due Date for furnishing GST Annual Return and Reconciliation Statement (GSTR-9 / 9A and GSTR-9C) ...
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Taxman may get to block doubtful input tax credit

18 Oct

The government is set to amend Section 49 of the Goods and Services Tax (GST) law that would allow tax officers to block input tax credit of companies ...
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GST Council meeting today: Lease rates, refund for exporters on agenda

18 Oct

The government is looking to balance revenue collections between states and the Centre besides ironing out problems faced by a few industries, the peo ...
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Amid falling collections, FinMin sets Rs 1.1 trillion monthly GST target

18 Oct

Amid concerns that the government may fall short of tax collection target in a slowing economy, the Centre has set an ambitious Rs 1.1 trillion monthl ...
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Under fire, govt releases Rs 35,298 crore GST compensation to states

17 Oct

Facing heat over delay in payment of GST compensation, the central government on Monday released Rs 35,298 crore to state to make up for the loss of r ...
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GST Council's 38th Meeting On Wednesday. Here's All You Need To Know

17 Oct

The 38th meeting of the GST Council comes at a time the government is staring at a widening fiscal deficit due to shrinking GST collections. The GST C ...
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Industry favours staggered GST returns, seeks HSN code only up to 4 digits

17 Oct

Industry has pitched for staggered implementation of new tax returns under the goods and services tax (GST) system, which are scheduled to be introduc ...
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Machine-readable GST e-invoices will be coming from January 1

16 Oct

Beginning January 1, a game changing invoicing system will be introduced in the Goods and Services Tax (GST) system. A standardised protocol, powered ...
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States divided on raising rates: GST Council may discuss plugging revenue leakage

16 Oct

Several measures aimed at plugging revenue leakages under the goods and services tax (GST) regime are expected to figure at the upcoming GST Council m ...
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More healthcare services may come under GST net

16 Oct

The government may bring certain healthcare services under the GST net, touching upon a sensitive area, as it looks to give a leg up to revenue mobili ...
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CAG points irregularities in GST assessment & collection in Gujarat

14 Oct

The Comptroller and Auditor General of India (CAG) has detected several irregularities and lacunae in the processes followed by the Gujarat govern ...
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Buzz of GST rate hike everywhere except my office: Nirmala Sitharaman

14 Oct

The finance minister, responding to reports of a possible increase in GST, said the buzz is everywhere other than her office."Buzz is everywhere other ...
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Wrong time to raise GST rates, cautions former GST Council member

14 Oct

Congress leader and former GST Council member Krishna Byre Gowda has cautioned the Council that if it were to go ahead with any increase in GST rates ...
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Karnataka set to oppose hike in GST rates

13 Oct

A proposal to levy additional cess on certain commodities and to hike GST rates is snowballing into a huge problem for the state government, worried ...
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GST rates revision: Mobile phones, clothes may become more expensive

13 Oct

The GST Council may hike rates on mobile phones and fabric at its meet on December 18 in its bid to shore up a shortfall in collections and pending ...
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Ludhiana: Shawl manufacturers seek refund of 12 per cent GST on yarn

13 Oct

Worried about rising cost of production, city’s shawl manufacturers are now demanding that they should be allowed to claim refund of 12 per cent GST ...
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GST rates may go up for various items to meet revenue shortfall

12 Oct

With pressure on revenue collection, the goods and services tax (GST) rates and slabs may be raised during the GST Council meeting next week.The all-p ...
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GST anti-profiteering watchdog NAA imposes Rs 90-crore fine on Nestle

12 Oct

The goods and services tax (GST) profiteering watchdog imposed a penalty of Rs 90 crore on fast-moving consumer goods giant Nestle for not passing on ...
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Penalty slapped on Bengaluru dealers for not issuing GST invoices

11 Oct

The Commercial Taxes department’ south zone enforcement officials collected Rs 1.42 crore from dealers in central business district (CBD) in taxes and ...
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New GST rates likely from April 1; rate structure decision on Dec 18

11 Oct

Consumers must brace themselves for higher goods and services tax (GST) rates from April 1, with the GST Council likely to decide on overhauling the r ...
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GST Council may raise base rate to 10% from 5%, move 243 items to 18% slab

10 Oct

The GST Council will reportedly discuss the option of moving 243 items to the 18 percent slab and scrapping the 12 percent slab. If this fructifies, t ...
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Key changes and simplifications of GSTR-9 & GSTR-9C for taxpayers available

10 Oct

On 14 November 2019, the government provided major relief to taxpayers by extending the due date for filing GSTR-9 and GSTR-9C. The due date for filin ...
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Central GST falls short of budget estimate by 40% in April-November

10 Oct

The Central GST collection fell short of the budgeted estimate by nearly 40 per cent during the April-November period of 2019-20, according to the dat ...
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GST Council may use cess route to boost revenue

09 Oct

As it may not find it easy to raise the tax rates on mass-consumption, high-revenue items, given the overall demand slump, the Goods and Services Tax ...
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Mumbai: BMC Hopeful Of GST Compensation Extension

09 Oct

The meeting with Chief Minister Uddhav Thackeray on Thursday has given the civic body hope that the compensation for the revenue shortfall under goods ...
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Chhattisgarh Govt consider resolution against delayed GST payment

09 Oct

The Bhupesh Baghel-led Congress government in Chhattisgarh is mulling moving a resolution in the assembly against the central government over delayed ...
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GST rates set to increase as council eyes major revamp

07 Oct

Almost two and a half years since its launch, the GST council is expected to discuss major restructuring to raise the base slab from 5% to 9-10%...
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Nirmala Sitharaman invites suggestions on easing GST filing process

07 Oct

Finance Minister Nirmala Sitharaman on Saturday invited those who are interested in providing suggestions on simplifying and easing the Goods and Serv ...
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GST compensation cess getting affected by Auto sector slowdown

07 Oct

Bihar Deputy Chief Minister Sushil Modi on Friday said the slowdown in the automobile sector has adversely impacted the GST compensation cess fund as ...
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CBIC withdraws GST circular on ITeS

06 Oct

The Central Board of Indirect Taxes and Customs (CBIC) has withdrawn a circular which created confusion on whether IT service providers can be quali ...
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5% GST slab may be increased to 6%: Panel considering ways to boost revenue

06 Oct

The panel for shoring up muted goods and services tax (GST) collection is examining slab restructuring by increasing the 5 per cent rate to ...
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Textile exports up by 6.3% post-GST

06 Oct

Textiles minister Smriti Zubin Irani said that textile exports have increased 6.2% post-Goods and Services Tax (GST) as compared with corresponding p ...
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Budget 2020 may include natural gas in GST

06 Oct

Oil Minister Dharmendra Pradhan on Thursday hoped that Finance Minister Nirmala Sitharaman will signal the inclusion of jet fuel and natural gas und ...
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Group of Ministers to address state woes regarding IGST

06 Oct

Over two months after the last GST Council meeting, a 10-member group of ministers (GoM) headed by finance minister Nirmala Sitharaman has been set ...
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Solution available if your e-Way bill generation is blocked for tax defaults.

05 Oct

Only after a blocked GST taxpayer files his/her pending GSTR-3B for the default period(s), the blocked GSTIN will get unblocked automatically the foll ...
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Interest levy applicable on profiteered amount under GST

05 Oct

Delhi High Court on Wednesday stayed the applicability of interest levied on the profiteered amount relating to the Goods & Services Tax (GST). ...
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State govts not keen to levy GST on exempted goods

05 Oct

Opposition, as well as BJP-ruled states, are not on board to reconsider the number of goods that are exempted from GST, while some of them have agreed ...
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GST council begins review of rates, items to raise revenue

04 Oct

The government has begun discussions with states for a possible revamp of the goods and services tax, which may include bringing a few exempted items ...
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GST Council to meet on December 18; compensation cess issue to top agenda

04 Oct

The GST Council, at its next meeting on December 18, is expected to deliberate on an alternative mechanism for compensation cess and look at ways to b ...
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Govt. move to blocks GST e-way bill generation may impact 300,000 firms

04 Oct

Businesses of roughly 300,000 firms paying goods and services tax (GST) were likely impacted on Monday, as the government had blocked e-way bill gener ...
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No e-way bill for 3.5 lakh taxpayers, non-filers to be blocked

03 Oct

As many as 3.5 lakh GST payers may see their e-way bill facility get
blocked from today. GST Network, the entity that provides the IT backbone for ...
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AAR rules that GST is applicable on Delayed Payment by Share Broker from Customers for Trading in Securities

03 Oct

The Authority of Advance Ruling (AAR) in Karnataka has ruled that, Goods and Services Tax ( GST ) is applicable on delayed payment by Share Broker fro ...
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November GST collections up by 6%

02 Oct

India’s goods and services tax collections rose 6% to Rs 1.03 lakh crore in November,reversing two months of decline, with experts attributing the inc ...
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Steps to file new GST return to be introduced

02 Oct

New GST Returns will apply to all GST-registered taxpayers except non-resident registered persons, composition dealers, input service distributors, in ...
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Tamil Nadu Real Estate Regulatory Authority directs developer to return seven percent excess GST to homebuyer

30 Oct

Homebuyers who paid excess GST may seek discounts from their developers. The Tamil Nadu Real Estate Regulatory Authority (TNRERA) on Thursday direc ...
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Delayed GST refunds irks bizmen

30 Oct

The city-businessmen are a worried lot as they are not getting GST refunds timely. The state taxation department is already under fire for not renewin ...
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Businesses with 100 Cr. Turnover have to do GST invoicing from Arpil 1

29 Oct

From April 1 next year, electronic invoicing (e-invoicing) will be mandatory for businesses with a turnover of Rs 100 crore, the government said on Th ...
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Excess GST paid by Home buyers to be returned by Developers

29 Oct

Homebuyers who paid excess GST may seek discounts from their developers. The Tamil Nadu Real Estate Regulatory Authority (TNRERA) on Thursday directed ...
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States' GST compensation may need to be extended beyond 2022

28 Oct

States will need to be compensated for their revenue shortfall under goods and services tax (GST) even after 2022 — the sunset year for compensation ...
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Lower GST rate on restaurant is actually not low; here’s how it hurts

28 Oct

At a broad level, it was visualised that as many of the inputs used by a hotel such as grains, vegetables, fruits etc. would not attract GST, hence ...
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Congress raises issue of delayed GST compensation payment to states

28 Oct

As this may lead to stoppage of development work and payments to employees, the Congress on Wednesday raised in Rajya Sabha the issue of ...
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GST authorities unearth racket involving Rs 140 cr tax fraud

27 Oct

GST authorities have unearthed a tax racket and arrested one person for allegedly defrauding the government to the tune of about Rs 140 crore through ...
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BPO firms left in the lurch over input tax refund

27 Oct

India’s business process outsourcing industry is in a quandary as refunds of taxes paid on inputs remain stalled for want of a clear directive from th ...
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Clarification on Manufacturing Services on Physical Inputs Owned by Others

26 Oct

The Central Board of Indirect Taxes and Customs ( CBIC ) has issued clarifications on the scope of the notification entry at item (id), related to job ...
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Madras HC quashes GST Department proceedings to Recovery of Tax

26 Oct

The Madras High Court has quashed GST department’s proceedings against the petitioner to the recovery of Tax. The Petitioner has challenged the procee ...
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Purchase without bill may be big GST leakage source

26 Oct

Tax authorities have identified B2C sales as a key source of leakage of goods and services tax (GST) as consumers are often cajoled into paying in cas ...
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CAIT reports onGST evasion by Amazon, Flipkart

25 Oct

After writing letters to the Prime Minister Narendra Modi and Commerce Minister Piyush Goyal, the Confederation of All India Traders (CAIT), a traders ...
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System Generated ‘Red Flags’ in Online Forms Worrying GST Taxpayers

25 Oct

Many GST taxpayers, especially small firms, are a worried lot these days with authorities sending system-generated red flags in their online return fo ...
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GST,PM Kisan caused minor slip in fiscal deficit in FY19: Finance Minister Nirmala Sitharaman

25 Oct

Transitional impact of GST and poor agricultural situation in 2018-19 fiscal led to the 0.1 percentage point drift in fiscal deficit to 3.4 per cent, ...
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Developer of land is liable to pay GST, not considered as a seller

23 Oct

Selling land does not attract the Goods and Services Tax, but if some one develops and sells a parcel, then it comes under the GST ambit, according to ...
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Rising concern over fake invoicing in B2B trade impacting GST collections

23 Oct

The government raised concerns over fake invoices being generated in the business-to-business (B2B) segment which is impacting GST collections. ...
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States to press for urgent GST Council meeting

22 Oct

The war of words over GST compensation continued between the Centre and the State governments, with West Bengal Finance Minister Amit Mitra pointing o ...
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GST calls from small town tax officers spook financial services companies

22 Oct

Several financial services companies have started receiving written enquiries from tax officers based in small towns seeking details around organisati ...
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DoT to take up Rs 36,000 crore ITC refund with finance ministry

22 Oct

The Department of Telecommunications will ask the finance ministry to refer the pending issue of refunding input tax credits of telecom companies wort ...
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Tamilnadu Chamber speakes on further GST complication

21 Oct

GST amendments, circulars and change of rules have befuddled MSMEs and small tax payers. The enforcement of a new sub-Rule 36(4) has further complicat ...
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Four arrested for Rs 500 crore GST fraud in West Bengal

21 Oct

The department of central goods and services tax and central excise (Kolkata South) has arrested four men for making false GST claims and getting inpu ...
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Centre to Set Up Internet Kiosks in J&K to Facilitate Filing of GST Returns

20 Oct

After 60% of the taxpayers in Jammu and Kashmir were unable to file their Goods and Services Tax (GST) due to the continuing internet blockade since A ...
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Notice from HC to Centre over input tax credit denial to restaurants

20 Oct

The Gujarat High Court has issued a notice to the Centre seeking to know why the option of input tax credit under goods and services tax (GST) regime ...
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A day before monthly return deadline, GST portal crashes; taxpayers complain

20 Oct

The GST portal crashed on Tuesday with only one day left to file the GSTR-3B return form. Unable to file their returns right before the GST deadline, ...
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Rs 28 crore GST invoices faked by UP exporter

19 Oct

In its ongoing crackdown on fake GST invoices and input tax credit (ITC) cases, the customs and central GST authority in Meerut arrested a Moradabad-b ...
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Circular No. 124/43/2019– GST dt.18.11.2019

19 Oct

Seeks to clarify optional filing of annual return under notification No. 47/2019-Central Tax dated 9th October, 2019.
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Circular No. 125/44/2019– GST dt.18.11.2019

19 Oct

Seeks to clarify the fully electronic refund process through FORM GST RFD-01 and single disbursement.
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Meeting on GST simplification held by Finance Minister.

18 Oct

Finance Minister on Saturday held meeting with Chartered Accountants, traders and other stakeholders as part of efforts to further simplify ...
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Strict Action to be taken if GST returns are not filed

18 Oct

The government is going to take strict action against those who do not file GST returns on time. Now, businessmen who do not file returns tw ...
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New GST rule, not pleasant enough for traders.

18 Oct

GST registered dealers are annoyed at the Union Government for its new provision as per which 80 per cent of the input credit of the buyer w ...
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Government set to clarify No GST on CXO salaries

16 Oct

The government is looking to clarify that goods and services tax (GST) should not be applicable on salaries of chief executives sitting in head office ...
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Delhi GST unit unearths racket involving issuance of fake invoices

16 Oct

The revenue department on Friday said it has unearthed a racket involving issuances of fake invoices for availing tax benefits worth Rs 22 crore under ...
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Tamil Nadu minister Cut GST on matchbox to 12%, on par with raw materials

16 Oct

The Goods and Services Tax (GST) on matchboxes should be brought down to 12 per cent from the existing 18%, Tamil Nadu Information and Publicity Minis ...
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GSTR-9, GSTR-9C gets simplified further, submission dates extended

15 Oct

The Government has to extend the due dates of filing of Form GSTR-9 (Annual Return) and Form GSTR-9C (Reconciliation Statement) for Financial Year 201 ...
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FM to meet GST practitioners to address concerns

15 Oct

Amid repeated concerns over glitches in filing of GST returns and getting refunds, finance minister Nirmala Sitharaman has invited tax practitioner as ...
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GST Department to Open Online Portal to file the Form TRAN-1 electronically, or to Accept Manually

14 Oct

The Delhi High Court has directed Goods and Services Tax ( GST ) department to either open the online portal so as to enable the petitioner to ...
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PVC Tufted Coir Mats and Mattings Taxable at 12%

14 Oct

The Kerala Authority for Advance Ruling in an application filed by M/s Travancore Cocotuft Pvt Ltd held that PVC tufted coir mats and matting shall be ...
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Self-assessment for claiming GST credits- allowed.

13 Oct

The government has allowed businesses to do self-assessment while claiming credits for the Goods and Services Tax (GST) paid on raw material ...
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No GST returns, no E-way bills! Centre to crack down on non-filers

13 Oct

Concerned with the dipping monthly collections of Goods and Services Tax (GST), the government and indirect tax department are now planning stricter m ...
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End to confusion over new input tax credit rules

12 Oct

CBIC's latest GST circular clears air over several key issues such as how to calculate 20% amount over and above the eligible amount of ITC, cut-off d ...
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Issuance Of FAQs Clarifies GST On Financial Services

12 Oct

Along with sweeping changes in federal and state taxation, the goods and services tax (GST) introduced in 2017 also impacted how business was done, pa ...
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E-invoicing- that too on a voluntary basis!

11 Oct

E-invoicing in India will be a big move, due to the volume of business transactions undertaken every day, as well as the plethora of different, non- ...
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Singapore GST model is suggested by experts to ensure ease of compliance in India

09 Oct

Citing the Singapore model, experts have suggested the introduction of new user-friendly measures to ensure ease of Goods and Services Tax (GST) compl ...
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Issue of notices to exporters for GST 'violation' raised by Commerce Ministry

08 Oct

The commerce ministry has taken up the issue of Directorate of Revenue Intelligence (DRI) notices being sent to 1,000 exporters for alleged violation ...
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Order of Attachment of Bank Account is Prima Facie without Authority of Law: Gujarat HC

08 Oct

The Gujarat High Court has observed that, the order of attachment of bank account is prima facie without the authority of law and the order of blockin ...
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Any communication from GST or Custom or Central Excise department, would be treated as invalid without DIN

08 Oct

Central Board of Indirect Taxes and Customs will begin using a unique Document Identification Number (CBIC-DIN). Initially, the department will use th ...
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AAR rules that collection of exam fee from students and remittance of the same to that particular university is not chargeable to GST

07 Oct

The Authority of Advance Ruling ( AAR ) in Karnataka has ruled that, the activity of collecting exam fee (charged by any university Or institution) fr ...
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CBEC going to use a unique number to protect GST taxpayers from any harassment

07 Oct

In order to protect GST taxpayers from any harassment at the hands of errant tax officials, the Central Board of Excise and Customs (CBEC), is going t ...
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AAR rules that Dolochar taxable @18%

06 Oct

The Karnataka Bench of Authority of Advance Rulings ( AAR ) in an application filed by M/s Jairaj Ispat ltd held that Dolochar is classifiable under T ...
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Credit transition of education, farm-related cesses into GST allowed by Madras High Court

06 Oct

The Madras High Court has allowed credit transition of Education Cess, Secondary/Higher Education Cess and Krishi Kalyan Cess into the Goods & Ser ...
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FIR filed by Chartered Accountant against Airlines operating in India on non refund of GST for flights cancelled

06 Oct

Chartered Accountant has filed a written complaint in Dibrugarh Police Station against all the Airlines operating in India. The Complaint filed by Sur ...
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Inclusion of Natural Gas under GST batted by Petroleum and Natural Gas Regulatory Board

06 Oct

Inclusion of natural gas in the goods and services tax regime, pipeline tariff reform and pricing freedom for all domestic gas would be necessar ...
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Availing disputed pre GST tax credits allowed to taxpayers

06 Oct

An order from the Punjab and Haryana High Court has paved the way for carry forward of CENVAT credit and VAT input credits to the Goods and Services T ...
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Payments made to Co-operative society by vendors for providing taxable goods are not liable for TDS under GST

06 Oct

The Authority for Advance Ruling, Karnataka has ruled that, TDS provision are not applicable to a cooperative society registered under the Karnataka S ...
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GST Collection Falls 5.3% To Rs. 95,380 Crore In October

02 Oct

Revenue from Goods and Services Tax fell 5.3% year-on-year to Rs. 95,380 crore in October. However, on a monthly basis the revenue from GST rose 3.76% ...
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Customs, GST relief to give Rs 60,000-cr boost to defence

02 Oct

India’s defence budget will be augmented by more than Rs 60,000 crore over the next five years owing to exemptions from customs duty and goods and ser ...
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Hotel rooms to get costlier even after lower GST

02 Oct

Even when the central government has brought down the GST rate on hotels, the prices of hotel rooms will see upward mobility owing to various factors ...
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Artificial Body Parts / Devices implanted by Surgical Procedure exempt from GST

02 Oct

The Kerala bench of the Authority of Advance Ruling ( AAR ) in an application filed by M/s Baby Memorial Hospital Ltd held that artificial body parts ...
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No GST on adoption fees, kids not goods

01 Oct

The fees that prospective parents pay to adopt a child is not subject to Goods and Services Tax, the Maharashtra bench of the Authority for Advance Ru ...
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GST credits: This new clause is a mood-spoiler for the taxpayer

01 Oct

The announcements made in the 37th GST Council meeting on September 20 did help assuage the nerves by way of certain positive announcements towards ra ...
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Desi demand spices up the Indian SaaS story

01 Oct

Indian Software as a Service (SaaS) companies are seeing demand for their products grow locally, following years of focus on the United States and Eur ...
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Food grain may be brought under GST, tax mechanism likely to be reorganized

31 Oct

Items such as food grain, which earlier attracted purchase tax under the value added tax (VAT) regime, may now be brought under the goods and services ...
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Goods and Services Tax: Centre planning cap on number of invoices for new registrants

31 Oct

To put a check on fly-by-night operators and generation of fake invoices under the Goods and Services Tax (GST) regime, the Centre is mulling limiting ...
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Losses due to GST in FY23 to be Rs 13K cr: UP to Finance Panel

31 Oct

Uttar Pradesh has estimated that the state will suffer a loss of Rs 13,500 crore in 2022-2023 due to implementation of the Goods and Services Tax. Pre ...
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Govt plans to introduce e-way bill on gold movement

30 Oct

The government is considering introduction of e-way bill on the movement of gold to plug evasion and arrest declining goods and services tax (GST) rev ...
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Gas and ATF likely to be brought under GST soon

30 Oct

At least two out of the five petroleum products, including aviation turbine fuel or ATF and natural gas, are likely to be among the first set of petro ...
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New GST refund rules create confusion

30 Oct

Millions of GST payers are eagerly awaiting clarity over the new rules notified early this month that restricted the refund of input tax credit to 20% ...
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India should adopt Singapore's ‘GST voucher scheme'

26 Oct

Singapore's Goods and Services Tax (GST) voucher scheme should be adopted in India to bring huge positive impact for those in the lower and middle inc ...
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ICICI Bank sells entire stake in GST Network to 13 state governments

26 Oct

Private sector ICICI Bank NSE 3.16 % on Friday said it has exited the GST Network, the company facilitating collection of the indirect tax, by selling ...
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Section 140(3) of the CGST Act challenged

26 Oct

The writ petitions sought to question Clause (vi) of Section 140(3) of the Central Goods and Services Tax Act, 2017 (CGST Act for short). It is stated ...
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Eligibility of construction services for application of lower rate of CGST@6% and SGST @ 6%

26 Oct

Applicant is engaged in the business of providing Works Contract Services more particularly construction services. Applicant has undertaken developmen ...
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No ITC on Inward supplies of Goods and Services given as gifts

25 Oct

The Authority of Advance Ruling in Karnataka has ruled that, the applicant is not eligible to avail input tax credit ( ITC ) on the inward supplies of ...
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GST simplification to help India improve business ranking

25 Oct

Finance Minister Nirmala Sitharaman on Thursday said efforts will be made to further simplify Goods and Services Tax, and expressed hope that it wil ...
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A racket in Gurugram busted for issuing fake GST Invoices of more than Rs 136 Cr

25 Oct

he Directorate General of GST Intelligence (DGGI), Gurugram Zonal Unit, Gurugram arrested Sh. Rajiv Gupta on 23.10.2019, partner in M/s RST Batteries, ...
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Tamil Nadu government bats for reducing GST on machined job work to 5%

24 Oct

Tamil Nadu Municipal Administration and Rural Development Minister SP Velumani on 23.10.19 urged Finance Minister Nirmala Sitharaman to reduce GST on ...
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Glenmark Pharma found guilty of Profiteering by NAA

24 Oct

The National Anti-profiteering Authority (NAA) has found Glenmark Pharmaceuticals guilty of not transferring the benefit of the Goods and Services Tax ...
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Truck owners challenge the notices issued against them under section of 130 CGST Act

24 Oct

The petitioner in the writ petition is seeking a direction to the respondent to drop the proceedings initiated against the petitioner under section 13 ...
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Clarification regarding applicability of Tool Amortisation cost in GST on Capital Goods received free from the Customer

24 Oct

The Applicant is a Private Limited Company, involved in the manufacture and sale of plastic moulds, press tools, Jigs/ Fixtures / Gauges, Injection mo ...
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Premium recovery from employees’ parents mediclaim not liable for GST

23 Oct

A Goods and Services Tax (GST) ruling has held that recovery of medical insurance premium from salary of employees for parents’ Mediclaim would not be ...
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States beat Centre in ensuring GST returns compliance

23 Oct

A Finance Ministry review of compliance behaviour of GST assessees has shown states outperforming the Centre.
In a review this month, the Ministry ...
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HC notice to GST over harassment

23 Oct

Gujarat High Court has issued notice to the GST department in response to a petition filed by a man claiming the GST officials had stationed inside hi ...
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Combination of GST & Monsoon hit fireworks units in Ahmedabad

22 Oct

An extended monsoon, combined with an 18% GST has hit fireworks production in Ahmedabad. Over a dozen units have been manufacturing fireworks on the o ...
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CBIC extends Last date for filing of CMP-08 for Composition Taxpayers to 22nd Oct, 2019

22 Oct

The Central Board of Indirect Taxes and Customs ( CBIC ) has extended the filing returns by the composition dealers in Form CMP-08 to October 22 ...
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New GST return forms may force firms to change ERP systems

21 Oct

In addition to the current invoices which are generated on the companies’ enterprise resource planning (ERP), the new system would also require automa ...
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E-commerce operator not liable to pay GST for manpower services rendered by drivers through its platform

21 Oct

Drive U seeks to provide drivers on demand to customers who wish to obtain the services of a driver - drivers are individuals independent se ...
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Corpus/Sinking Fund collected by Resident Welfare Association from members not liable to GST

21 Oct

An Apartment Owner's Association is collecting amount towards corpus/ sinking fund for future supply of services to its members. Such fund is mandator ...
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Supply of Ice-creams, chocolates, etc., made & served in outlet is taxable at 5% GST

21 Oct

Hatsun Agro Product supply ice-cream & other food items on order through ‘IBACO’ brand outlets along with serving of ice cream, seating facility, ...
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Tamil Nadu LIC Agents Protest Against FDI in Insurance and GST on Premium

19 Oct

The insurance agents of Life Insurance Corporation (LIC) of India held a demonstration in front of all eight zonal offices in Tamil Nadu. They demande ...
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Coimbatore handloom industry reels under GST

19 Oct

The handloom industry is reeling after Central Government imposed five percent Goods and Services Tax (GST) on handloom products. The industry is affe ...
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E-invoicing, a game-changer for GST

19 Oct

The GST Council, on September 20, 2019, has approved the introduction of ‘E-invoicing’ or ‘electronic invoicing’ for business to business (B2B) transa ...
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Intermediaries dealing in international trade may not be liable to GST

18 Oct

One of the important decisions taken in the 37th GST Council meeting held on September 20, 2019 was that GST will not apply to intermediaries dealing ...
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Horse owner must pay 18% GST on racing prize

18 Oct

Vijay Baburao Shirke, owner of several winning racehorses, is often spotted at derby matches and in sports sections of newspapers. This time, he is in ...
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Government to increase IGST on imported crude palm oil

17 Oct

The food ministry is firming up a proposal to increase integrated GST (IGST) on imported refined palm oil to 12% to offset the impending cut in import ...
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GST Demand On Brand Usage may lead to Litigations

17 Oct

Tax authorities' demand for levying GST on brand usage by subsidiaries of a parent company or related party could lead to litigation and hit the earni ...
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GST had ‘adverse’ effect on realty sector

17 Oct

Most buyers opt for homes that are ready for possession in order to avoid tax survey The goods and service tax have had a big impact on mark ...
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Meeting to increase GST collection

16 Oct

The first meeting of the committee on making the Goods and Services Tax (GST) recovery more effective was inconclusive on Tuesday. The new meeting is ...
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Two popular garba organizers under GST dept scanner

16 Oct

Two of the popular garba venues in the city have come under goods and services tax. The state GST officials have begun conducting survey at the office ...
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Hopeful of GST collections recovering in the second half: Revenue Secretary

16 Oct

Goods & Services Tax (GST) collections are expected to pick up during the second half of the current fiscal, according Revenue Secretary Ajay B Pa ...
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GST panel meet today to look at ways to improve GST collection

15 Oct

Panel formed to suggest steps for improving GST collections to hold first meeting today A high-level panel set up by the government to suggest measure ...
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CBIC clarifies exemption of License Fee charged by States for Grant of Liquor Licences to Vendors from GST

15 Oct

The Central Board of Indirect Taxes and Customs ( CBIC ) has clarified that Goods and Services Tax ( GST ) on license fee for charged by St ...
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Pitch to include gas, ATF in GST

15 Oct

Oil minister Dharmendra Pradhan on Monday made a pitch to include natural gas and aviation turbine fuel within the ambit of the GST to reduce multipli ...
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ITC may Feel the Heat as GST Shortfall could Lead to Higher Taxes on Tobacco

15 Oct

Credit Lyonnais Securities Asia (CLSA) has trimmed weight on ITC in its model portfolio to ‘neutral’ on concerns that a shortfall in revenues from GST ...
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Exporters draw DRI wrath for alleged GST violations

14 Oct

The country’s primary anti-smuggling intelligence agency has begun resending notices to exporters for availing GST exemptions where exports preceded i ...
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GST lowered number of tax forms to 12 from 495: Official

14 Oct

Goods and Services Tax (GST) rollout has cut down the number of forms to be filed by businesses to just 12 from 495 under as many as 17 central and st ...
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IHMCL, GSTN to ink pact to link FASTag with GST e-way bill system on Oct 14

14 Oct

The Indian Highways Management Company Ltd (IHMCL) and Goods and Services Tax Network (GSTN) will sign a memorandum of understanding on Monday for int ...
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GST Network to release new version of return filing interface on 22 October

14 Oct

GST Network (GSTN) will release improved version of GST return filing interface on 22 October with an aim to further simplify the process. "Many of th ...
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Govt considering GST on private higher education

12 Oct

The Central Government is exploring the possibility of levying the Goods and Services Tax, or GST, on education in private colleges and universities, ...
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Thousands Of Crores Revenue Expected By Govt through 18% GST On Logos, Brand Names Of MNCs, Banks, IT Firms Proposed

12 Oct

The indirect tax department is demanding Indian companies and foreign banks to pay an 18 per cent Goods and Services Tax (GST) on the names of brands ...
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Reconsider 18% GST on group medical insurance for bank retirees

12 Oct

CPI general secretary D Raja on Friday wrote to Finance Minister Nirmala Sitharaman urging her to reconsider the 18 per cent GST on the annual Group H ...
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Rules for input tax credit tweaked

12 Oct

In an effort to curb the menace of fake invoices and boost cash flow, the government has limited the input tax credit (ITC) to be availed by Goods and ...
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Revenue crunch prompts govt to consider GST rate hike on low-tax products

11 Oct

The finance ministry, faced with a steep revenue collection target for 2019-20, is internally exploring whether the goods and services tax (GST) can b ...
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No GST on goods sold at duty free shops in Mumbai airport: Bombay HC

11 Oct

In major relief to duty free shops, the Bombay High Court has ruled that goods and services tax (GST) cannot be levied on products sold at the duty fr ...
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ITC without Invoice restricted at 20% to increase GST Revenue

11 Oct

Keen to plug revenue leakages, the government has decided to restrict input tax credit under the goods and services tax to 20% of the eligible amount ...
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GST authority denied refund to MNC

10 Oct

A host of back offices of multinational companies in the financial sector face a tax whammy, with Goods and Services Tax authorities denying them refu ...
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Duty Free Shops at Mumbai International Airport are exempt from GST

10 Oct

The Bombay High Court recently held that duty free shops (DFS) at the Chhatrapati Shivaji International Airport in Mumbai cannot be charged Goods and ...
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Solar thermal players seeks 10% growth after GST rate cut

10 Oct

Solar thermal industry players are confident of getting back into the boom trajectory and expect the sector to clock a growth of 10% after the reducti ...
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Exempt premium payable on group medical insurance of retirees from GST

09 Oct

The premium payable on the Group Medical Insurance Policy by retired bank officers and workmen staff should be exempt from Goods and Services Tax (GST ...
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Shyam Samruddhi is an Organic Fertilizer liable to 5% GST

09 Oct

The Maharashtra Authority of Advance Ruling in an application filed by Alligo Agrovet Pvt Ltd held that Shyam Samruddhi derived from an organic source ...
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Delhi GST authorities not to raid traders till Diwali

09 Oct

Delhi GST department officials or Enforcement Teams will not conduct raids or scrutinize records in the markets during peak festive sales. Authorities ...
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CBIC issues Clarifications to allow Re-Filing of Refund Claim where NIL Refund Claim was filed inadvertently under GST

07 Oct

The Central Board of Indirect Taxes ( CBIC ) has issued Clarifications to allow Re-Filing of Refund Claim where NIL Refund Claim was filed inadvertent ...
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At 89.67%, Chandigarh tops GST chart in country

07 Oct

Leading over all states and Union Territories of the country Chandigarh ranked first in the country in the Goods and Service Tax (GST) collections by ...
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Two cheat govt of Rs 700-crore through fake GST invoices, held

07 Oct

A racket of generating fake Goods and Services Tax (GST) invoices for fraudulently claiming the input tax credit (ITC) on non-supplied goods was buste ...
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Auto sector slowdown, widespread rainfall in Aug impacted GST mop-up

05 Oct

The Centre has blamed the cyclical slowdown in sectors such as automobile and widespread rainfall during August for the low Goods and Services Tax (GS ...
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Due to falling GST collection , Punjab say GST needs a fresh look

05 Oct

Falling goods and services tax collections seems to be driving a wedge between states and the Centre.
After Kerala, Punjab finance minister Manpree ...
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GST collections have grown 4.9 % Y-o-Y: RBI Monetary Policy

05 Oct

Despite GST collections coming at an 18 month low for the month of September 2019, the Reserve Bank of India (RBI) in its Monetary Policy Report state ...
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GST haunts businesses with PMC accounts

04 Oct

Every PMC account holder is feeling the pinch. While many lost investments, there are others who have lost investments along with means to run their b ...
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GST amendment bill to be tabled in state assembly

04 Oct

The state Cabinet has decided to introduce the GST Amendment Bill, 2019 in line with the Union government’s requirements during the assembly session s ...
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A taxing time for states

04 Oct

There are growing concerns that the two major sources of tax revenues for state governments, the state goods and services tax (SGST) and central tax d ...
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Only 7% taxpayers will be required to submit monthly GST returns

03 Oct

About 93% of the goods and services taxpayers will be relieved of monthly return filing from the next fiscal year once the new simplified return syste ...
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Modi government gave gift to small businessmen! Just fill GST returns with SMS

03 Oct

The central government has given big relief to small traders. Goods and Services Tax (GST) assesses will be able to file GST Returns by sending only S ...
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Due to Floods and Auto slowdown: GST mop-up dips 3%

03 Oct

Goods and services tax (GST) collections in September fell 2.7% to Rs 91,916 crore, the lowest monthly mop-up in 19 months, as floods and the auto slo ...
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Gujarat High Court issues notice to Centre, GST Council, CBIC

03 Oct

Gujarat High Court has issued notices to the Centre, the Goods and Services Tax (GST) Council and the Central Board of Indirect Taxes and Customs (CBI ...
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List of new exemptions issued in notification

02 Oct

Dried Tamarind & plates and cups made of all kind of leaves or flower or bark exempted .
Supplies of Silver and Platinum by nominated agencies ...
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GST collection to reduce festive sales in e-commerce

01 Oct

offline traders have once again approached the government against the huge discounts being offered in e-commerce giants Flipkart and Amazon's festive ...
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Two firms in Surat, Vapi raided for GST evasion

01 Oct

Directorate General of GST Investigation (DGGI) unearthed Rs 8.75 crore worth of tax evasion by two firms based in Surat and Vapi respectively on Frid ...
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Tax Cuts Not Enough to Lift Sentiment On Auto: Jefferies

01 Oct

Brokerage Jefferies said it expects sharp cuts to FY20 earnings estimates of auto companies despite the recent corporate tax cut bonanza. Downgrading ...
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CAIT says e-commerce portals avoiding GST during festival sales; seeks probe

30 Oct

Traders body CAIT on Sunday alleged that e-commerce portals during the festive sales are causing huge loss of revenue to the government by levying GST ...
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Around 60 realty firms face GST anti-profiteering case

30 Oct

The National Anti-Profiteering Authority (NAA) for goods and services tax is likely to deliver orders, starting next month, in around 60 profiteering ...
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GST Council clarify some recommendation made during 37th council meet

30 Oct

In Goa at its 37th meeting, the Goods and Services Tax (GST) Council made several recommendations to rationalize rates on some items, ease the complia ...
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Goa likely to suffer huge losses as GST revenue deficit touches 26%

28 Oct

The reduced GST rates may have brought cheer amongst the hotel industry across the country and to a state like Goa which is entirely dependent on tour ...
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Security firm admits to evading tax worth Rs 6 crore: GST Intelligence

28 Oct

Official of the Directorate General of GST Intelligence (DGGI) raided the premises of a security agency in Vapi of Valsad on Friday and found tax evas ...
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GST Network starts online refund processing

27 Oct

GST Network, the IT backbone of the indirect tax system, on Thursday unveiled an online refund process as decided by the GST Council.
With the depl ...
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The GST’s initial premise should be revisited

27 Oct

When the GST was launched in July 1, 2017 with the promise to simplify our incredibly complex indirect tax system and unify the country through a sing ...
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Fan manufacturers desire govt. to cut GST to 12%

27 Oct

Domestic fan manufacturers have urged the government to bring down the GST to 12% from 18% at present, saying duty reduction will help the industry in ...
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Panel spikes plea to lower GST on 165 more items

26 Oct

Motor vehicles and biscuits may have hogged the headlines when the Goods and Services Tax (GST) Council decided not to lower the rates last week, but ...
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Hotel guests may not gain much from GST rate cut

26 Oct

The decision to hike hotel room rates by hospitality chains has raised another concern in the market – will the benefits from the recent reduction in ...
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Auto Industry must find own balance to enhance demand as GST council declines rate cut

25 Oct

Society of Indian Automobile Manufacturers (SIAM) said that the auto industry would have to "find its own balance" to boost demand, with the GST Counc ...
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GST fraud Of Rs. 400 Crore involving Special Economic Zone units detected

25 Oct

The Directorate General of GST Intelligence has unearthed a scam in which exporters from the National Capital Region (NCR) allegedly availed Goods and ...
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'Under-invoicing' leading to GST evasion, claim bicycles makers

24 Oct

The "under-invoicing" of bicycles by some unscrupulous dealers in Ludhiana has hit the market of organised players and is also leading to GST evasion, ...
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Amit Mitra call to extend GST compensation payoff tenure

24 Oct

Bengal finance minister Amit Mitra has urged N.K. Singh, chairman of the Fifteenth Finance Commission, to extend the tenure of the GST compensation to ...
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Punjab CM befooling Sikhs on GST refund: SAD

24 Oct

Shiromani Akali Dal (SAD) on Monday attacked chief minister Amarinder Singh, saying the government had not refunded the state goods and services tax ( ...
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GST cheer for rail equipment makers

23 Oct

Manufacturers of rail equipment, including wagons, coaches and rolling stock, will be able to get more input tax credit (ITC) with the GST Council app ...
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GST Council withdraws circular, post-sale discount may be expensive

23 Oct

The controversy over whether post-sale discounts are taxable once again, between the peak supply of the festive season. The GST Council has withdrawn ...
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Hoteliers Expect Rise In Occupancy Post GST Rate Cut

23 Oct

Council's decision to lower GST on room tariffs 'will certainly increase occupancy'. The tax on room tariff of above Rs. 7,500 was lowered to 18% from ...
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GST measures to help export of gems and jewellery, says GJEPC

23 Oct

The GST rate reduction and corporate tax rate cuts will enhance ease of doing business, boost exports and make India more competitive with respect to ...
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Outcomes of 37th GST council meeting

21 Oct

GST Council recommends lower 12% cess on 1,500 cc diesel, 1,200 cc petrol vehicles with capacity to carry up to 13 people.
Group insur ...
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GST Rate Cut on Hotel Tariffs, Raised on Caffeinated Drinks

21 Oct

Goods and Services Tax (GST) Council has cut taxes on hotel accommodation, outdoor catering, cut and polished semi-precious stones and lowered cess on ...
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FM slashes corporate tax to fire up economy, market responds with a massive surge

21 Oct

Diwali came early for India Inc and the bourses after the Centre slashed effective corporate tax to 25.17%, inclusive of all cess and surcharges, for ...
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Five things to expect from GST Council meeting

20 Oct

The Council is expected to cut tax rates on hotels that charge room tariff of Rs. 7,500 or more per night and currently attract 28% GST.
The Counci ...
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Madras HC stays GST ruling on flat maintenance charges

20 Oct

The Madras High Court has stayed an order of the Tamil Nadu Authority for Advance Ruling (AAR) that 18% GST is applicable on the entire amount of the ...
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Little fiscal room for govt, but rates can drop: RBI guv

20 Oct

RBI governor said that the government has little room for fiscal expansion. But he added there is more room to cut rates given the growth decele ...
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Govt. may necessitate E-way bill for Gold

19 Oct

The government is considering a proposal to make e-way bills necessary for transportation of precious metals like gold to stop malpractices and check ...
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Different Interest rates for delayed GST planned by Govt.

19 Oct

Govt. may levy differential rates of interest on taxpayers for delayed payment of Goods and Services tax (GST) in an attempt to prod businesses to pay ...
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Centre to review Issue of heavy Tax On Hotel Rooms with GST Council

19 Oct

The Centre on Wednesday said it will certainly take up the issue of "hefty" GST on hotel rooms' tariff in the meeting of its council as it impacts the ...
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‘Zero Duty on Open Cell TV Panels Only Till Sept 2020’

19 Oct

The Centre’s move to scrap the import duty on open cell panel, which claims 65-70% of the television production cost, will be valid for one year after ...
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Government looks at 28% GST on lottery

18 Oct

Govt. is looking at a single rate of 28% goods and services tax (GST) on lottery as part of the “one-nation, one-tax” principle, while also explo ...
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Five-Star hotels rates may be rationalise by GST Council

18 Oct

The Goods and Services Tax (GST) Council is likely rationalise rates for five-star hotels in its meeting on Friday, holding out hopes for a boost to t ...
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Working Under Amended GST Return Filing System

18 Oct

The new GST returns will replace the present system of GSTR-3B, GSTR-1 and the auto-populated GSTR-2A. Where GSTR-1 is the return of outward supplies, ...
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Cos Move Court Against Govt Over GST on Long-term Land Lease Pacts

18 Oct

Some companies have dragged the government and the indirect tax department to court over goods and services tax (GST) levied on long-term lease agreem ...
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GST Council not likely to reduce levy on biscuits

18 Oct

The GST Council may stay clear of reducing goods and services tax (GST) on biscuits, whose case is being aggressively pushed by companies led by Parle ...
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MeitY, DPIIT urge lower GST on ACs, high-end TVs

17 Oct

The ministry of electronics and IT and the Department for Promotion of Industry and Internal Trade (DPIIT) have pushed for reduction of goods and serv ...
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Govt exempts cash payments above Rs 1 crore via APMC from 2% TDS

17 Oct

Govt. gave boost to liquidity in the farm sector ahead of the kharif harvesting season. It has decided not to levy the 2% tax deducted at source (TDS) ...
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Ministry of Finanace provide additonal depreciation on vehicle purchased from now till 31-3-2020

17 Oct

Nirmala Sitharaman said that to boost demand in the automobile sector several temporary relief measures will be introduced including an increased depr ...
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Aadhaar verification to be mandatory for new dealers from January

16 Oct

To check malpractices in GST, the GST Network decided to make Aadhaar authentication or physical verification mandatory for new dealers from January 2 ...
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Automobile industry woes and the conundrum of a cut in the GST rate

16 Oct

The fear of slowing automobile sales tipping over into a recession is mounting. The industry is pinning its hopes on a cut in the goods and services t ...
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States wary of any move to reduce GST rates

16 Oct

The Goods and Services Tax (GST) Council meeting on Friday is likely to be a stormy affair, with some states opposing the Centre’s proposal to cut tax ...
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GST network releases online version of two simplified forms for taxpayers

14 Oct

The Goods and Services Tax Network (GSTN) on Friday released two forms-- ANX-1 and ANX-2--for simplified online returns.
A taxpayer will have to fi ...
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Firms with annual income upto Rs 2 crore could get GST return relief

14 Oct

The all-powerful GST Council is set to discuss a proposal to exempt small businesses with annual turnover of less than Rs 2 crore from filing annual r ...
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RBI panel pitches for federal body like GST Council in farm sector

14 Oct

An RBI panel on Friday suggested setting up of a federal body on the lines of the GST Council to implement reforms and boost credit flow in the agricu ...
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CBI Arrests GST Superintendent from Meerut in Rs 3 Lakh Bribe Case

14 Oct

The CBI has arrested a superintendent in the Goods and Services Tax (GST) Department from Meerut for allegedly taking Rs 3 lakh to clear a pending cas ...
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States May Support GST Relief for Hotels, Consensus Unlikely on Auto

14 Oct

India's apex decision body for goods and services tax (GST) could consider relief for the hotel sector, a proposal that is likely to be backed by stat ...
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Most states demand GST cess extension for 3 years

14 Oct

Most states have pitched for extending the GST cess on automobiles, soft drinks, coal, tobacco and pan masala by another three years to compensate the ...
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Firms with annual turnover upto Rs 5 crore could get GST return relief

13 Oct

The all-powerful GST Council is set to discuss a proposal to exempt small businesses with annual turnover of less than Rs 5 crore from filing annual r ...
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Maharashtra FM seeks GST cut on Mumbai redevelopment projects: Report

13 Oct

To bring relief to Mumbai’s real estate sector from the current slowdown, Maharashtra Finance Minister Sudhir Mungantiwar has sought goods and service ...
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NPCI clears GST sops for UPI QR code payments

12 Oct

Consumers and merchants might be able to avail tax incentive for digital payments through QR code on Unified Payments Interface (UPI) from next year. ...
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Big relief for small-GST assessees: May be spared burden of filing FY18 annual return

12 Oct

Small Goods & Services Tax (GST) assessees are likely to be exempted from filing annual returns for a year or so.
According to officials, small ...
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Auto stocks rally on hopes of GST rate cut; Tata Motors, Eicher, Maruti Suzuki gain up to 10%

12 Oct

Shares of auto companies rallied up to 10 per cent on the Bombay Stock Exchange (BSE) on Wednesday on hopes of GST rate cut after Finance Minister Nir ...
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PVR, NY Cinemas probed for not passing on GST perks

12 Oct

The Director-General of Anti-Profiteering (DGAP) has begun investigations into NY Cinemas, PVR Cinemas and the Prasads Multiplex chain for allegedly p ...
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Goa meet, GST Council to look into inverted duty structure issue

11 Oct

The Goods & Services (GST) Council is expected to resolve issues related with inverted duty structure for various sectors in its 37th meeting sche ...
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Annual GST returns will end on turnover up to Rs 5 crore!

11 Oct

The equipment in question is the engine-booster turbochargers that attracted lower GST of 5 percent instead of applicable 28 percent
The Directorat ...
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Millenials' preference for Ola, Uber responsible for auto crisis, says FM Nirmala Sitharaman

11 Oct

Amid the worst slowdown in the Indian automobile sector, Finance Minister Nirmala Sitharaman stated that the decline in auto sales is not due to just ...
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GST relief for biscuit makers on cards: Panel may assess demand to cut tax rate

10 Oct

GST fitment committee will assess the long-standing demand of biscuit makers’ to provide GST relief on biscuits and the same is likely to be addressed ...
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GST Council to meet on Sep 20: Likely to Propose Single Refund Mechanism to sanction Refund

10 Oct

The most powerful GST Council, in its meeting scheduled on 20th September is likely to propose a procedure to permit a single authority for sanctionin ...
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Telangana too now needs GST compensation

10 Oct

The severe financial crisis that the country has been witnessing impacted Telangana State’s economy and it had to be compensated for below par revenue ...
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MSMEs hail Centre’s move to quicken refunds of GST

09 Oct

The micro, small and medium enterprises (MSME) sector has hailed Centre’s move to quicken refunds of GST claims but expect more measures to cut down p ...
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Need to reduce GST on aluminium vessels stressed

09 Oct

The federation of aluminium vessel manufacturers has appealed to the Union Government to reduce the GST on these vessels.
Deputy Speaker Pollachi V ...
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GST Probe Body Allegedly Finds ABB India Evading Taxes

09 Oct

The indirect tax investigating agency allegedly found ABB India Ltd. evading goods and services tax by wrongly classifying equipment, according to a p ...
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High GST, increased Road Tax paralyze Automobile Industry in Jammu

09 Oct

The pan-India slowdown in Automobile Industry, which has been attributed mainly to higher GST rates by the industry leaders, has also started showing ...
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Top Hoteliers Meet Goa CM Pramod Sawant to Demand Cut in GST on Room Tariff

07 Oct

Top Goa hoteliers and tourism industry stakeholders sought reduction in the Goods and Services Tax (GST) on room tariff from 28 % to 12% to help the s ...
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Extend IT, GST return dates in J&K’

07 Oct

Chamber of Commerce & Industry Jammu urged to get the dates for filling of all Income Tax and GST returns extended in J&K till December 31, 20 ...
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GST rate cut relief likely for compact cars, parts makers

07 Oct

The clamour for lowering the goods and services tax rate for the auto industry, following the massive slowdown in the sector, may prompt the GST Counc ...
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GST rate cut, emphasise on exports can spur demand: Auto experts

06 Oct

Union minister Nitin Gadkari assured the crisis- hit automobile industry of all possible support from the government, including taking up the demand o ...
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GST hurting workers, companies interested in skill training: Experts

06 Oct

GST levy on services is being applied on workers enrolling for the government's skill development programme, discouraging them and industries alike....
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Small companies will get more relief, there may be change in online bill

06 Oct

The system of issuing e-invoicing (e-bill) ie online bill can be changed under GST. Initially, small companies can be exempted from this. According to ...
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Single authority mechanism for processing GST refunds to exporters soon

06 Oct

A single authority for sanctioning and processing GST refunds is in the offing as the Finance Ministry looks to speed up and simplify the process for ...
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Centre looks to cut GST rates as car sales slump persists in August

03 Oct

The Union government has finally decided to bite the bullet on a tax cut for the automobile sector, on a day the industry reported the worst August fo ...
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Govt restores duty-free replenishment facility for jewellery exporters

03 Oct

The government has again permitted gold and silver jewellery exporters to replenish the precious metal duty free after selling it at international exh ...
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CBIC asks officers to meet GST refund target

03 Oct

In a swift action following Finance Minister Nirmala Sitharaman`s promise to clear all pending GST refunds of micro, small and medium enterprises (MSM ...
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GST collection drop Rs. 1L Cr. in Aug.

02 Oct

India's gross GST collections slipped below Rs 1 lakh crore to Rs. 98202 Crore in August.Gross revenue collections from the Goods and Services Tax in ...
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Tax mismatch: 443 bizmen get notices

02 Oct

The excise and taxation department has detected discrepancies in the sale and purchase record of 443 city-based businessmen from April 1 till August 3 ...
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Due date of Form GSTR-7 extended for Kashmir and specified districts

02 Oct

The Finance Ministry on Saturday extended the deadline to file GST Return for people of Jammu and Kashmir and 58 flood-affected districts of 7 States. ...
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Curb on fake invoices may add Rs 50,000 crore to GST kitty

02 Oct

The indirect tax department has developed a risk-based index to identify entities likely to indulge in generating ‘fake invoices’ to evade tax and is ...
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Attempts to reduce GST on cement, tax may be reduced from 28 to 18%

31 Oct

The government is now trying to accelerate the cold sectors. The government may soon announce some measures for one of these real sectors. The governm ...
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AP High Court permits revision in GSTR-3B Form

31 Oct

Andhra Pradesh High Court has ruled that the GST Return (GSTR) Form — GSTR-3B — is a statement and a revision option should be provided. Once im ...
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West Bengal finance minister calls for tough steps to fix GST Frauds

31 Oct

West Bengal finance minister Amit Mitra has expressed deep concern over the cases of GST frauds and has shot off a letter to union finance minister Ni ...
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CBIC waived the requirement to furnish declaration in FORM ITC-04

31 Oct

ITC – 04 under GST has to be furnished by registered manufacturers, showing the details of inputs or capital goods d ...
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Rail wagon makers buck the trend, seek higher GST

30 Oct

Amid the clamour for cuts in goods and services tax (GST) rates to help revive demand, rail manufacturers are seeking the opposite—an increase. Genera ...
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Mitra: Introduce GSTR with invoice matching for all by Jan.

29 Oct

West Bengal finance minister Amit Mitra has sought a probe into rampant goods and services tax evasion. In a letter to finance minister Nirmala Sithar ...
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Deadline to file GST annual returns extended till Nov 30 after glitches

27 Oct

The last date for filing annual GST returns has been extended by three months to November 30 to help taxpayers facing technical problems in furnishing ...
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GST has made tobacco products only marginally costlier

27 Oct

With the introduction of the goods and services tax (GST) in 2017, all tobacco products — cigarettes, bidis and smokeless — attract the highest tax ra ...
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Road ministry seeks GST rate cut for hybrid cars and CNG vehicles

27 Oct

The ministry of road transport and highways has written to the finance ministry, seeking a goods and service tax rate cut for vehicles running on hybr ...
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CAIT seeks extension of last date to file GST annual return to October 31

23 Oct

Traders' body CAIT asked the finance ministry to extend the last date for filing annual GST return by two months to October 31.
The last date to ...
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Transport ministry wants lower GST on hybrid vehicles

23 Oct

The transport ministry has written to the finance ministry asking for the goods and services tax on hybrid vehicles to be reduced from 28%.
T ...
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Govt gives businesses four months to settle indirect tax disputes

23 Oct

Businesses can now settle their pending disputes relating to central excise duty and service tax within four months starting 1 September under the ter ...
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Fish prices crash; Feed cos close as fish meal industry protests 5% GST

23 Oct

Fish prices have crashed even as the fish meal industry is on an indefinite strike from August 1 against the levy of a 5 per cent GST with retrospecti ...
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Further extension the only solution for GST annual return & GST audit

22 Oct

The GST annual return & GST audit report for the first year, which is 2017-18, had to be submitted before December 31, 2018, but saw three extensi ...
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Fake GST registrations found in ‘evasion-prone’ commodities

22 Oct

Across nearly a dozen commodities that have been considered evasion-prone, the Commercial Taxes Department has found out 285 newly registered taxpayer ...
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Recent Amendments in GST will benefit registered taxpayers

22 Oct

The threshold limit for registration under GST for suppliers of goods has been increased to Rs 40 lakh from Rs 20 lakh. This change had already been p ...
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GST dept yet to implement high court’s order on ITC

21 Oct

High court’s order that input tax credit (ITC) accumulated up to July 31, 2018 will not lapse had provided relief to powerloom weavers in Surat, but d ...
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GST: non-compliance will attract heavy penalty

21 Oct

With the deadline for the payment of Goods and Services Tax (GST) just ten days away, the Tirupati GST Commissionerate has cautioned the public about ...
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Kerala tightens GST screws, expects Rs 1,500-crore in fine

21 Oct

The state GST department is planning a slew of efforts to raise the tax revenue and meet the growth target, Finance minister Thomas Isaac has said. Th ...
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Jammu traders demand extension of deadline for filing income tax, GST returns

20 Oct

n Jammu and Kashmir, Jammu city-based traders' body today demanded to extend the deadline for filing Income Tax and GST returns as internet and other ...
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Gujarat fishmeal makers join nationwide strike against GST

20 Oct

Fishmeal producers of Gujarat suspended operations of their plants and joined the nationwide strike going on since the beginning of this month against ...
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Gujarat: Businessmen upset as tax amnesty not announced

19 Oct

Businessmen and tax practitioners in the state are irked as no action has been taken regarding the announcement by Finance Minister Nitin Patel while ...
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Petroleum Products Should Be Brought Under GST: Dharmendra Pradhan

19 Oct

Union Minister for Petroleum and Natural Gas, and Steel Dharmendra Pradhan said ...
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Tamil Nadu pressing for zero GST for handlooms: O S Manian

19 Oct

Tamil Nadu is making efforts to convince the Central government to fully exempt handloom textiles from the purview of GST, just as the Khadi sector ha ...
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DGGI (HQs) arrests Two Persons in cases of Fraudulent IGST Refund claims

19 Oct

Two Arrests have been made by the Directorate General of GST Intelligence (HQs) in cases of fraudulent IGST refund claims. Action was taken on r ...
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No Arrest on ground of Mere ‘Suspicion’: Gujarat High Court to GST Dept

19 Oct

In an assessee-friendly verdict, a two-judge bench of the Gujarat High Court has restricted the GST authorities from arresting a city-based trader Vim ...
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Stern action if GST returns are not filed, warns Chief Commissioner

17 Oct

Taxpayers should file their GST returns for 2017-18 by August 31 and failure to do so will attract very severe consequences, including hefty penalty.< ...
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ADTOI demands GST exemption for domestic tourism

17 Oct

The Association of Domestic tourist Association of India (ADTOI) has demanded exemption of Goods and Services Tax (GST) for domestic tourism to encour ...
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Tamil Nadu: New industrial policy to suit GST regime on the anvil

17 Oct

Tamil Nadu government is in the process of formulating a new industrial policy to suit the present tax regime.
“Since the current policy is V ...
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No GST on Cost of Tools supplied by Original Equipment Manufacturer Free of Cost

16 Oct

The Karnataka Authority of Advance Ruling (AAR) has ruled that, Goods and Services Tax (GST) not applicable on cost of tools supplied by Original Equi ...
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North eastern states witness over 30% growth in Apr-Jul GST collection

16 Oct

North eastern states registered over 30 per cent growth in GST collection during the first four months of the current fiscal 2019-20, much more than t ...
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PM Modi to take call on GST cut, economic revival package

16 Oct

Prime Minister Narendra Modi is set to meet the finance ministry to take a call on a possible stimulus package to revive the slowing economy.
The f ...
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No GST on Cost of Tools supplied by Original Equipment Manufacturer on Free of Cost

16 Oct

Facts of the case: § The applicant is involved in the manufacture and sale of plastic moulds, press tools, jigs/fixtures/ gauges, injection ...
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Government may reduce GST on Automobiles

14 Oct

Sales slowdown facing the Indian automobile industry continues to worsen as revealed by the sales statistics in July 2019. These figures show that the ...
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Awareness meet on filing GST returns

14 Oct

An awareness meeting on filing of Goods and Service Tax Annual Return for 2017-18 by completing forms GSTR-9,GSTR-9A and GSTR-9C was conducted by the ...
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CBIC looks for public feedback to curb GST evasion by etailers

14 Oct

Before it amends Customs laws, the Central Board of Indirect Taxes and Customs (CBIC) is seeking public feedback on curbing duty and GST evasion alleg ...
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Poorer states leave industrialised peers behind in GST collection rates

14 Oct

Heartland states such as Bihar, Uttar Pradesh, Madhya Pradesh and Odisha showed improved performance in goods and services tax (GST) collection for 20 ...
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GST is no longer a dampener for housing sector

13 Oct

Budget proposals are a clear positive for the housing sector, especially the affordable home category. This is a solid growth segment, and is cu ...
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No GST relief likely for auto sector

13 Oct

Automobile companies, who were banking on a Goods & Service Tax (GST) cut to bail them out from the slowdown that has gripped the sector, are like ...
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Glazed rakhi due to removal of GST, this time climbed glass, beads, stone

13 Oct

New Delhi is looking bright in the markets a year after all types of clusters are exempted from GST. Traditional rakhi makers and dealers have used gl ...
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GST: ‘Sub-optimal’ number of returns filed concerns CBIC, suggests outreach programmes to guide taxpayers

12 Oct

Even as the last date to file GST annual return and reconciliation statements is just around the corner, there aren’t many taxpayers who have been abl ...
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TV panel sales dip; manufacturers ask govt to lower GST, scrap import duty

12 Oct

Following some initial surge in demand during the ICC World Cup, TV panel sales have again witnessed a decline and manufacturers are now asking the go ...
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GST boost in real estate on finance ministry’s radar

12 Oct

The Union government is planning to incentivise homebuyers and create demand in the sluggish real estate sector with a slew of measures, including a p ...
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Need to bridge GST revenue gap: Thakur

10 Oct

CCTV cameras would be installed on the premises of all the 18 bottling plants of liquor situated in the state of Himachal to check illegal trans ...
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GST Refunds, Subsidies, Payroll Incentives - Tamil Nadu’s Early Bird Offer For EV Players

10 Oct

Tamil Nadu is planning to offer incentives to electric vehicle makers in order to increase EV adoption in India. The incentives to be offered wi ...
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State GST Act will continue in Jammu & Kashmir for the time being: Experts

09 Oct

The state goods and services tax (GST) will continue, says the Jammu and Kashmir re-organisation legislation, but according to officials and experts, ...
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FMCG companies seek tax relief on dealer discounts to lift sales

09 Oct

FMCG manufacturers, typically, offer discounts on the printed price to consumers to boost sales. The fast-moving consumer goods (FMCG) industry has pe ...
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Auto Industry representative meet FM, urge for reduction in GST rates

09 Oct

The meetings the Finance Minister has been holding over the past few days continued with the latest one with the country’s automobile sector. The indu ...
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Maharashtra tops in GST, contributes 15% of total collection in India

09 Oct

Maharashtra has contributed Rs 1.70 lakh crore revenue that is 15% of total Goods and Service Tax (GST) collection of all India in the year 2018-19. M ...
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GST cut, road tax revision to have positive impact on auto industry: Anand Mahindra

08 Oct

Anand Mahindra, chairman Mahindra & Mahindra (M&M), has urged the government to take a few short-term measures for reviving the automotive ind ...
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Do RWAs need to pay GST on society fee?

08 Oct

Even after more than two years of its implementation, there are ambiguities that crop up regarding the implementation of the goods and services tax (G ...
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GST trouble: Businesses reporting 20 per cent revenue fall receive notices

08 Oct

GST-registered businesses that have reported decline in annual revenue by 20% or more over the previous year have received a flurry of notices over th ...
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GST on discounts puts retailers in a spot

07 Oct

Tax on discounts that manufacturers and wholesalers extend to retailers for passing on to consumers is becoming an area of confusion and possible liti ...
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ITC a puzzle for value hunters

07 Oct

ITC's Q1 performance was soft versus its FY19 show but in-line with FMCG peers said HDFC Securities.Despite over two years since the last GST hike, ci ...
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Rahul Bose, banana and JW Marriott's GST trouble: An eye-opener for the hospitality industry

07 Oct

Who takes the GST bill? The owner or manager? It is imperative to revisit the manner in which such risks are attributed under operating contracts
J ...
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Two New Functionalities available in GST Portal

06 Oct

The Goods and Services Tax ( GST ) portal has enabled two new facilities for filing Form GST ITC-04 in the official portal to furnish the details of t ...
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Pay up interest for delay in paying GST refunds: Gujarat High Court

06 Oct

The Gujarat High Court has directed the authorities to pay interest for delay in paying GST refunds. The authorities were asked to pay the interest at ...
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PUVM seeks relaxation in filing GST returns

05 Oct

The Prantiya Udyog Vyapar Mandal (PUVM) state president Anil Goel said that the limit for registration under Goods and Services Tax (GST) should be in ...
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Firms may get to raise prices after transferring GST cuts

05 Oct

Companies are free to raise prices of products and services as per their business cycle without fear of getting caught in the anti-profiteering provis ...
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Telangana: 17% growth in state GST collections

05 Oct

Telangana has registered 17% revenue growth in the state goods and services tax (SGST) collections in the first quarter of 2019-2020. In the financial ...
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CAG flags deficiencies in functioning of GST

05 Oct

The recent report of the Union Comptroller and Auditor General (CAG) on the goods and services tax (GST) does praise its rollout as a landmark achieve ...
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Navayuga in trouble for fake GST invoices

03 Oct

Navayuga Engineering Company Limited, which was asked to suspend works related to the Polavaram project by the Andhra Pradesh (AP) government, is faci ...
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PTBA writes to CM, asks him to resolve GST refund matter soon

03 Oct

The ongoing problem of delay in processing of the GST refunds has resulted in more stakeholders coming forward to raise the concern.
The Punj ...
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GST matters: CAG hits the nail on the head. The realities back up

03 Oct

In the context of the Goods and Services Tax (GST), the art of impossible got ratified twice. First, on July 1, 2017, with its introduction and second ...
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IT companies challenge government's plan to brand BPOs as brokers & GST in court

02 Oct

Are outsourcing units and BPOs merely intermediaries and brokers or are they exporters? About a week after the government released directions that Inf ...
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Hrithik Roshan's Super 30 exempted from GST in Haryana

02 Oct

The Haryana government on Thursday exempted the Hrithik Roshan-starrer Super 30 from the state goods and services tax (GST) with immediate effect.
...
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GST collections rise marginally to Rs 1.02 lakh crore in July

02 Oct

Gross GST collections stood at Rs 1.02 lakh crore in July, marginally up from the previous month. The July 2019 mop-up was, however, 5.8 percent ...
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Cheque-bounce charge to attract GST, rules AAAR

01 Oct

The applicant approached the AAR seeking clarity on whether the bounce charges collected should be treated as supply under the GST regime. Its content ...
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Fishmeal producers plan strike over retrospective levy of GST

01 Oct

The All-India Fishmeal and Oil Manufacturers’ and Merchants’ Association has said that its members will go an indefinite strike from August 1 over the ...
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Kerala to impose flood cess for two years

01 Oct

The Kerala government will levy 1% flood cess on goods and services transacted within the state. The proceeds from the cess will be used to ...
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GSTN releases offline tool of new GST return for trial run

31 Oct

Goods and Services Tax Network (GSTN) on July 30 released trial version of offline tools of GST forms related to supply of goods and services. The off ...
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'Super 30' to be exempted from state GST in Maharashtra

31 Oct

The BJP-led government in Maharashtra on Tuesday decided to exempt the film Super 30 from the state goods and services tax (GST).
The decision was ...
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Rahul Bose banana row: Nothing illegal in charging 18% GST, says hotel body

31 Oct

The Federation of Hotel and Restaurant Associations of India (FHRAI) on Tuesday reacted to a Chandigarh five-star hotel charging 18 % Goods and Servic ...
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Interest to apply only on net cash liability of unpaid GST

30 Oct

The present rate of interest on the delayed payment of tax liability is 18% per annum on unpaid GST. Such interest is charged on all modes of payment ...
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GST payers warned against relying on unscrupulous consultants

30 Oct

The Divisional officer of CGST Commissionerate in Coimbatore has nabbed a tax consultant for allegedly defrauding the department of ₹36 lakh.The consu ...
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Tax boost for EVs, GST slashed from 12% to 5%

29 Oct

In a landmark move by the government, the GST Council has brought down the GST rate on electric vehicles (EVs) to 5 per cent from 12 per cent. The mov ...
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JW Marriott Hotel fined Rs 25,000 for levying GST on bananas

29 Oct

JW Marriott was fined Rs 25,000 by the Chandigarh Excise and Taxation department for illegally levying 18 percent GST on fresh bananas served to actor ...
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Opinion | Redefinition of affordable housing, GST rate cut can boost real estate

29 Oct

Homebuyers are inundated with good news. Earlier this month, the budget proposed an additional deduction of 1.5 lakh on interest paid on loans for aff ...
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Man held in Ahmedabad for huge GST fraud

27 Oct

A man was arrested here for his alleged involvement in illegally utilising and passing Input Tax Credit of Rs 129.92 crore. With his arrest, the Preve ...
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Government is providing waiver on service tax, excise disputes

27 Oct

The Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 (‘LDS’) was introduced in the Budget this year. The scheme has been introduced with an inte ...
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Rahul Bose's expensive banana tweet puts JW Marriott in GST trouble

27 Oct

After a tweet by the actor telling about how he was charged the whopping amount of Rs 442.50 for two fresh bananas, Chandigarh Deputy Commissioner and ...
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Coaching Centres Demand Finance Minister To Reduce GST Rate

26 Oct

Representatives of major coaching institutes have met Union Finance Minister Nirmala Sitharaman and demanded to either remove the 18 per cent GST on c ...
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Assocham seeks inclusion of petroleum products in GST

26 Oct

Industry body Assocham sought inclusion of petroleum products in GST and subsuming of some local and state taxes like stamp duty.The chamber sug ...
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GST Council meet updates: Meeting to be chaired by Nirmala Sitharaman gets postponed

26 Oct

The 36th GST Council meet slated to be held Thursday has been postponed. Finance Minister Nirmala Sitharaman was to consider the proposal to slash tax ...
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HC order could dilute Centre’s GST anti-profiteering efforts

26 Oct

A decision taken by the Delhi High Court recently has the potential to undo the government’s steps to provide the GST Anti-Profiteering Authority with ...
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Now, interest to apply only on net cash liability of unpaid GST

25 Oct

The Union Budget 2019 has provided relief to GST-registered taxpayers with several new updates. One such amendment relates to the interest on the dela ...
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36th GST Council meeting today; from electric vehicles to lottery, here's what's on agenda

25 Oct

Finance Minister Nirmala Sitharaman will chair the 36th meeting of the GST Council through videoconferencing in Delhi today. This will be the first GS ...
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BJYM to FM Sitharaman: Review 18% GST on coaching centres

25 Oct

BJYM, the youth wing of the BJP on Wednesday urged Finance Minister Nirmala Sitharaman to review the issue of 18 per cent GST on competitive exam coac ...
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Naturopathy, Yoga, Ayurveda qualify as health care, exempt from GST

24 Oct

The case came before the AAR, Goa, when Devaaya Ayurveda & Nature Cure Centre, a provider of treatment services to patients through Ayurveda, Natu ...
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Banks move court, challenging the government’s Rs 18,000 crore GST charge

24 Oct

Banks have challenged in court the government’s Rs 18,000 crore goods and services tax (GST), levied on them for services such as wealth management an ...
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Haryana makes healthy contribution to overall GST collection says Abhimanyu

24 Oct

Haryana has made healthy contribution to the national kitty in terms of goods and services tax (GST) collection, the state's Finance, Excise and Taxat ...
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18% GST on flat owners paying monthly maintenance of over Rs 7,500

23 Oct

Flat owners will have to pay GST at 18 per cent if their monthly contribution to resident welfare association (RWA) exceeds Rs 7,500, the Finance Mini ...
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GST Council may levy GST on petroleum goods at July 25 meet

23 Oct

The GST Council appears to have taken cognizance of the long-standing demand to bring petroleum goods under the GST ambit.
Sources told that ...
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Finance Ministry clarifies on IGST on Jewellery

23 Oct

The Ministry of Finance has exempted gems and jewellery taken for display at exhibitions abroad from Integrated GST. Till now, gem and jewellery taken ...
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Co-op society not liable to deduct TDS under GST: AAR

23 Oct

A co-operative society is not liable to deduct tax at source (TDS) from its vendors for supply of taxable goods and services, Rajasthan’s Authority fo ...
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GST Council to decide on tax cut on EVs this week

22 Oct

The GST Council, chaired by finance minister Nirmala Sitharaman, will meet on July 25 and decide on lowering tax rates for electric vehicles, official ...
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Higher GST for monthly maintenance above Rs.7,500

22 Oct

The Tamil Nadu Authority for Advance Ruling (AAR) has held that if the amount collected by a registered housing society/resident welfare association e ...
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IAF made representation to DRI over 100 Crore IGST levied

22 Oct

The Indian Air Force has made a representation before the Directorate of Revenue Intelligence (DRI) to reconsider more than Rs 100 crore of integrated ...
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18% GST to levy on back end IT services as they don't qualify as export

22 Oct

Most facilitation services the IT and ITeS sector offers at the back end, especially with respect to business process outsourcing, may attract an 18 p ...
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No GST on gems meant for exhibitions abroad

20 Oct

The gems and jewellery industry has heaved a sigh of relief, as the finance ministry has announced no IGST will be levied on gem and jewellery carried ...
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Goa demands GST compensation for 5 more years: CM

20 Oct

Chief minister Pramod Sawant said that the Goa government will ask the Centre to continue compensating states for loss of revenue incurred due to the ...
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CBIC extends due date for Filing FORM GST CMP-08

19 Oct

The Central Board of Indirect Taxes and Customs ( CBIC ) has notified the extension for filing returns by the composition dealers in Form CMP-08.
T ...
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Interest subvention to Mercedes to reduce Interest rate to consumer attracts GST- TNAAR

19 Oct

The Tamil Nadu Authority for Advance Ruling (AAR) has ruled that the interest subvention income received by Daimler Financial Services India Private L ...
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GST: Reaping best benefits requires laws and compliance structures be made simpler

19 Oct

Given the federal structure of our country, we were compelled to introduce a dual GST where the central and state governments have equal right to le ...
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GST Implications on Online fantasy gaming platforms

18 Oct

Does Mumbai-based Dream11 lure people to spend their money for quick earning by taking a chance and does this amount to gambling, betting and wagering ...
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MPs demand reduction in GST on fertilisers, tractors

18 Oct

MP in Lok Sabha demands GST on fertilisers and agriculture machinery should either be reduced to zero or brought in the lowest slab.
MP said,& ...
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TN Farmers question GST on Kudimaramathu (Repair of Water bodies) work

18 Oct

Farmers have questioned the state government’s decision to impose GST on projects implemented under the Kudimaramathu scheme.
Farmers raised ...
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GST rate on cement, steel and other building materials: Implications on housing sector

17 Oct

The Indian cement industry is the second largest cement producer in the world. The Government of India is focusing on developing affordable housing. H ...
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IIM Bangalore gets GST exemption for all long-duration programmes

17 Oct

In order to provide a major relief for prospective students, the Indian Institute of Management Bangalore (IIMB) has been granted exemption from Goods ...
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Collection of GST on exempted product, Fine Charged

17 Oct

The district consumer redressal forum in Tirunelveli has imposed a fine of Rs. 15,000 on a restaurant and the assistant commissioner for state GST (SG ...
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100-day plan of Modi 2.0: Strategic sales, simplifying GST slabs, credit to MSMEs

16 Oct

The Union government's 167 'transformative ideas for implementation in the first 100 days of the Modi governments second stint - that is by October 15 ...
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Telling Numbers: Growth of GST collection, from one fiscal to the next

16 Oct

The average gross GST collection in 2018-19 was Rs 98,114 crore per month, which was higher than the previous year’s average of Rs 89,885 crore, Finan ...
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Hyundai Kona Electric price could drop by up to Rs 1.40 lakh with GST reduction

16 Oct

If the proposal to slash GST on EVs from the current 12 to 5 percent is passed, the Hyundai Kona Electric’s price could be reduced by Rs 1.40 lakh.
...
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Two traders arrested for Rs 50 crore IGST refund fraud

16 Oct

The Belapur Central GST Commissionerate arrested two traders for allegedly floating over 50 shell companies to fraudulently to avail IGST refunds afte ...
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Sitharaman's first Budget gives breather for delay in payments towards GST

15 Oct

The current mechanism of filing returns is being replaced by simplified forms that would come into operation in phases.
Those paying goods and serv ...
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Amnesty offer for pre-GST litigation

15 Oct

In her Budget speech, the finance minister flagged litigation pending from the pre-Goods and Services Tax period a matter of concern, saying Rs 3.75 l ...
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Hyderabad GST wing finds Rs 6,500 crore fraud in Goa, Sikkim Casinos

15 Oct

In a covert operation launched by the director general of GST Intelligence (DGGI), sleuths from the city unearthed Rs6,500 crore tax evasion by casino ...
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Decision of Gujrat HC came for GST relief for traders filing returns

13 Oct

Two years have been completed in the country in the field of Goods and Services Tax (GST). Revolutionary 'One Nation, One Tax' is also witness to many ...
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IT department vetting GST, civic licences in Madhya Pradesh, Chhattisgarh to widen tax net

13 Oct

To widen the tax net, the income tax department has begun scrutiny of the data of traders registered with GST network as also with municipal corporati ...
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Steady decline in number of return filers in last four months

12 Oct

While number of GST registered businesses has gone up between February to May this year, the number of return filers has declined sharply.Total number ...
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Extension of tenure of NAA is not enough, more results required

12 Oct

Anti-profiteering provisions have been in force for nearly two years and at the recent GST Council meeting the tenure of the National Anti-Profiteerin ...
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Delhi government cancels GST registration of 1,282 traders for fraud

11 Oct

The Delhi government has cancelled the GST registration of 1,282 traders who were found to be involved in the issuance of fake invoices. In addition, ...
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Fine Imposed on Hotel for charging GST on exempted goods

11 Oct

The district consumer disputes redressal forum in Tirunelveli has slapped a fine of Rs 15,004 on a restaurant for charging Rs 2 as Goods and Services ...
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Appeal mechanism provided against advance ruling authority

11 Oct

Since the advent of GST Laws, trade and industry have faced multifarious issues relating to uploading of returns, availing legacy Cenvat credit under ...
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CBI unearths Rs 3.75-crore worth assets of GST officers

10 Oct

The Central Bureau of Investigation (CBI) on 09/07/2019 conducted nationwide searches in the houses of Central Government employees who allegedly are ...
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Homestays to come under GST perview

10 Oct

The state goods and service tax department on 08/07/2019 issued notices to around 50 homestays in Fort Kochi area, stating that they should come under ...
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Relief for exporters as Centre to pay ITC refund for State GST

09 Oct

Major relief to exporters, the Centre will now pay the input tax credit (ITC) refunds of state taxes, thereby reducing transaction time and costs, and ...
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Publishers unhappy with the levy of 5 % custom duty on imported books

09 Oct

The government's decision to levy 5 per cent customs duty on imported books has not found much favour with the publishing industry, which feels ease i ...
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Excise duty increase on cigarettes caused fluctuations in ITC shares

09 Oct

ITC shares fell over a percent intraday on Ju ...
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Budget 2019 changes in GST in respect of the following points

08 Oct

Updation of Aadhar No. is compulsory for all existing and new registrations.

Taxpayers having annual turnover of less than ₹ ...
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Amendment in Sec 50 of cgst Act (Interest on delayed payment of tax)

08 Oct

The interest on tax payable in respect of supplies made during a tax period and declared in the return for the said period furnished after the due dat ...
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Amendment in Sec 49 of cgst Act(Payment of Tax, Interest, Penalty and Other Amounts)

08 Oct

A registered person may, on the common portal, transfer any amount of tax, interest, penalty, fee or any other amount available in the electronic cash ...
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Amendment Sec 31A

08 Oct

The Government may, on the recommendations of the Council, prescribe a class of registered persons who shall provide prescribed modes of electro ...
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GST on Electric Vehicles Reduced to 5 Percent, Tax Benefits Upto Rs 1.5 Lakh on EV Loan

06 Oct

To make EVs affordable for consumers, government will provide additional income tax deduction of Rs 1.5 lakh on the interest paid on the loans taken t ...
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Simplified return form for GST registered businesses in offing

06 Oct

We are further simplifying GST regime. A simplified single monthly return being rolled out, taxpayers with annual turnover less than 5 crore need to f ...
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Reducing pre-GST load - Budget follows theme of minimum and relevant changes

06 Oct

The selective focus on driving “Make in India” has been continued to give a boost to the domestic industry. This has been done by using a three-pronge ...
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Arcade game in mall attracts 28% GST and go-karting 18%

05 Oct

If you enjoy speed driving, albeit in a gaming zone at your neighbouring mall, you will continue to bear the higher GST rate of 28%. In an order made ...
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Businesses to declare mismatch in GST returns form, outward supplies in annual returns

05 Oct

The Finance Ministry said that any mismatch in GST monthly sales return and outward supply details will have to be reported in annual return form and ...
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Luxury Carmakers Demand Reduction In GST Rates

05 Oct

Luxury carmakers have been demanding to reduce the GST rates on vehicles ever since the GST council had increased the cess to 25 per cent. Rohit Suri, ...
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No Input Tax Credit for GST paid on expenses incurred on promotional schemes

04 Oct

Input Tax Credit (ITC) will not be available on the Goods and Services Tax (GST) paid on expenses incurred towards promotional schemes, an order by th ...
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Sanitaryware industry urges Centre to cut GST to 5%, help improve hygiene

04 Oct

The sanitaryware industry has urged the Centre to rationalize Goods and Services Tax (GST) to 5 per cent from the existing 18 per cent to pare down th ...
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SIAM Asks Budget Council To Reduce GST Rates And Incentivise R&D Expenses

04 Oct

SIAM is demanding the government to bring the passenger vehicle segment under 18 per cent GST bracket form current 28 per cent which will help carmake ...
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Tax and Interest to be paid on item not declared in return earlier

04 Oct

The Finance Ministry on Wednesday issued a slew of clarifications regarding the filing of annual returns under the Goods and Services Tax (GST) in a b ...
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Agri-warehousing companies seek GST waiver ahead of Union Budget

03 Oct

Days ahead of the Union Budget, agri-warehousing companies have sought waiver of the 18 per cent GST imposed on such services to boost the farming com ...
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High expectations in the business world from the upcoming budget(05/07/2019) of Modi government

03 Oct

Finance Minister Nirmala Sitharaman is set to present Union Budget 2019 on July 5 and the expectations are high in the world of businessmen that this ...
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Amnesty offered on 20,000 pre-GST cases

03 Oct

The Gujarat government on 02/07/2019, in the modified state budget for the year 2019-20, declared an amnesty scheme to fast-track the resolution of ov ...
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GST may become two-tier tax with merger of 12%, 18% slabs

02 Oct

Former finance minister Arun Jaitley said policymakers could merge the 12% and 18% slabs under the goods and services tax going forward as revenue i ...
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National Anti-profiteering Authority gets teeth to probe beyond scope of DG’s complaint

02 Oct

The move comes on the heels of GST Council, the apex decision making body for the levy, extending the tenure of the NAA by two years.
Ind ...
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June GST revenue collection at Rs 99,939cr; slips below Rs 1 lakh cr for the first time since February

02 Oct

Revenue collection from the Goods & Services Tax (GST) for June stood at Rs 99,939 crore. It slipped below Rs 1 lakh crore for the first time si ...
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Single rate GST not possible in a country with poor people

02 Oct

A single rate under the Goods and Services Tax (GST) is not possible in a country with poor people, former Union Finance Minister Arun Jaitley wrote ...
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Government to introduce further reforms in GST on 01/07/2019 to mark 2 years of rollout

01 Oct

Second anniversary of implementation of historic tax reform of Goods & Services Tax as 1st July is celebrated as the "GST DAY".Kicking off celebra ...
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As GST turns two, businesses seek further simplification, subsidy support

01 Oct

Two years after India’s biggest indirect tax reform rolled out on 1 July 2017, businesses and traders, both big and small, still have a long wish list ...
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Dealers to get input tax credit on GST for the post-sale discounts

01 Oct

Dealers will have to pay 18 per cent goods and services tax (GST) on the post-sale discount that their company gives to them if it asks them to do pro ...
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Govt. uses GST alerts for better compliance

29 Oct

An independent director of a large public sector company recently received a message that there was a mismatch in GST return filed by the state ...
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Sitharaman urged to bring cigarette taxation to pre-GST level

28 Oct

The Federation of All India Farmer Associations (FAIFA) has urged Finance Minister Nirmala Sitharaman to correct an error in cigarette taxation under ...
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How GST may lead to increased tax outgo for insurance companies

28 Oct

If the value of insurance premium not subjected to tax is treated as exempt, the insurance companies will be liable to substantial tax credit reversal ...
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ACMA pitches for uniform GST rate of 18% on all auto components

28 Oct

Automotive component industry body ACMA Thursday asked the government to ensure a uniform GST rate of 18 per cent on all auto components as part of me ...
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GST Council mandates e-ticketing for cinemas, industry players say no impact on business

27 Oct

During the 35th GST Council meeting, electronic ticketing system was made mandatory for multiplexes. The move is to keep a check on possible Goods and ...
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GST taxpayers will get 'risk scores'

27 Oct

The goods and service tax (GST) authorities will soon draw up a list of taxpayers with ‘risk scores’ that will decide the level of audit scrutiny they ...
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Importers do not need state-wise registration under GST regime

26 Oct

Importers with godowns or those which store goods at customs warehouses in different states got relief from the advance authority of ruling (AAR) unde ...
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Finance Minister, planning to link GST's e-way bill system to NHAI's Fastag system

26 Oct

The government has proposed to add Fast Bank system with e-way bills and logistics services. The Government expects that it will be possible to monito ...
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Inter-state office services to come under GST net

25 Oct

The government is set to make it clear that services provided by an office of an organisation in one state to another office in another state will fac ...
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GST Council to consider reducing tax on electric vehicles

25 Oct

The GST Council will consider reducing tax on electric vehicles, which are seen as more environment-friendly, and the matter is pending before it, Min ...
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Anti-profiteering investigation to do Mock purchases, premise visits planned to check B2B invoices

25 Oct

Taxmen could carry out ‘mock purchases’, visit premises and check invoices issued by top 20 goods and services suppliers as part of anti-profiteering ...
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GST Council grappling with how to impose uniform tax rate on lotteries

24 Oct

The fate of uniform or differential rates of GST on lotteries may be decided on the basis of an advice by the Attorney General K K Venugopal following ...
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