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5,000 companies under scanner over mismatch between I-T and GST filings

28 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

Central and state government officials on Tuesday decided to scrutinize goods and services tax (GST) refund claims more diligently, compulsorily inves ...

Govt needs a carrot-and-stick policy for better GST collections

07 Jan

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 Jan

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 Jan

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 Jan

The Parliamentary panel on Finance met on Friday and Opposition members raised the delay in payment of compensation for loss of revenue from implement ...

Revenue secretary, tax commissioners to meet on streamlining GST system

04 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 ...

GST rate hikes may come in phases to reduce price pains

02 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 ...

Over Rs 1.12 lakh crore paid as IGST refunds to exporters

31 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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 Jan

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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Government to build case with proof

24 Jan

GST officers have one more task — conduct mock purchases to identify businesses that are not passing on benefits of lower taxes to consumers. With sev ...
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GST uncut, no simple steps to returns

24 Jan

As the government attempts a tightrope walk to enhance tax revenues, there is increasing disappointment in trading and business circles.At its 21.06.2 ...
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Govt unveils tough rules to prevent GST evasion

22 Jan

The Goods and Services Tax Council, led by finance minister Nirmala Sitharaman on 21.06.2019 introduced more stringent norms to check tax evasion and ...
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Last date to file annual tax returns under GST extended to August 31

22 Jan

The 35th GST council on 21.06.2019 extended the date for filing annual returns under the Goods and Services Tax (GST) regime by two months to August 3 ...
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GST Council takes decisions to ease registration, returns filing

22 Jan

The Goods and Services Tax (GST) Council at its 35th meeting on 21.06.2019 took a number of decisions aimed at easing the registration and returns fil ...
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Auto, real estate companies may not get relief at GST Council meet

21 Jan

Issues related to the tax structure for solar projects, reduction in tax rate on electric vehicles, and more are expected to be discussed during Sitha ...
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Government identifies 5,106 ‘risky exporters’ who have fraudulently claimed GST refunds

21 Jan

According to government, such fraudulent claims of Integrated GST (IGST) refunds by exporters could exceed Rs 1,000 crore. The government on 20.06.201 ...
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Simple GST filing, collateral-free loans in traders’ wishlist for Nirmala Sitharaman

21 Jan

Traders’ body Confederation of All India Traders has sought simplification in filing the Goods and Services Tax (GST) return and also an extension in ...
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Govt. intensifies 5106 risky GST exporters

21 Jan

The government on Thursday said it has identified 5,106 “risky exporters” so far who have claimed GST refunds based on bogus invoices, and would man ...
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Sitharaman's 1st GST council meet as FM today

21 Jan

Finance Minister Nirmala Sitharaman will chair her first meeting of the GST council on 21 June which, among other things, would consider extending t ...
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Tax body seeks extension of GST return filing by four months

20 Jan

Tax and legal consultants on 19-06-2019 complained about the time-limit of three months given to file the GST returns for 2017-18 as hundreds of ame ...
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Odds may stack up against GST on lotteries at Council meet on 21.06.2019

20 Jan

The issue of the goods and services tax (GST) rate on lottery may turn acrimonious in the GST Council meeting on 21.06.2019, with Kerala Assembly pass ...
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Experts urge GST Council to tax 'bidi' at 28% to 'save millions of lives'

20 Jan

Public health groups along with doctors and economists have urged the GST Council to classify 'bidi' as a demerit good and levy the highest 28 per cen ...
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GST on electric vehicles may be reduced to 5%

19 Jan

India may cut the goods and services tax (GST) on electric vehicles to 5% from 12% to provide a stimulus to the sector that’s a high priority for the ...
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Consumer appliance makers seek lower GST on large-screen TVs, air-conditioners, refrigerators

19 Jan

Consumer electronic goods makers have sought lowering the GST rate to 12 per cent on appliances like large-screen televisions, air-conditioners and re ...
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Fraud prompts govt to act tough on errant exporters

19 Jan

The government has decided to crack down on errant exporters who it suspects have been showing inflated exports and low income, as well as ...
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Government rules out bringing oil products under GST for now

18 Jan

The Centre has virtually ruled out including petroleum products within the ambit of GST immediately turning down repeated demands from the aviated sec ...
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Real estate sector pitches for increased bank funding, reintroduction of ITC in GST

18 Jan

In its wishlist for the upcoming budget, the first one to be presented by the new government, the real estate sector has pitched for increased bank fu ...
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GST return filing: These are the major changes in the process from July

18 Jan

As proposed by the GST Council, a trial run of the new return filing mechanism called the GST 2.0 is expected to be launched starting July 2019. A ful ...
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GST Council may give 1-year extension to anti-profiteering authority

17 Jan

Council to also take a call on setting up a combined bench for all north-eastern states as well as one bench to deal with appeal cases in six Union Te ...
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Tax practitioner wants to extend GST annual return deadline

17 Jan

Tax practitioners from Gujarat have written to central and state governments that it is not possible to file GSTR-9, the annual return of GST within t ...
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ED wants GST violation booked as PMLA offence

17 Jan

The Enforcement Directorate (ED) has written to the government to include violations of Central Goods & Services Tax (CGST) Act in the scheduled o ...
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Karnataka wants GST compensation extended beyond 2022

17 Jan

As Karnataka  will have limited scope to mobilise additional revenue beyond 2022, there would be a steep fall in our revenues by the end of ...
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builders pulled up for not passing GST gain to homebuyers

17 Jan

In a setback for real estate developers, the National Anti-Profiteering Authority has held that homebuyers cannot endlessly wait to get t ...
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Traders union CAIT releases White paper on GST

15 Jan

CAIT said in the paper that various items like auto parts, aluminium utensils etc., are not of luxurious nature (and) should be taken out from 28% tax ...
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GST On Cars, Bikes needed To Be Brought Down

15 Jan

The run-up to India's annual financial statement, the Union Budget, has begun. The spotlight is now on India's first full-time woman finance minister, ...
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Credit mismatch to be avoided while filing GSTR-9

15 Jan

For credit that has already been claimed in the GSTR-3B return, as well as credit claimed in the auto-generated GSTR-2A return, it is imperative that ...
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GST credit: A extreme need to incorporate learnings from the past

14 Jan

The provisions on input tax credit under the GST have been well-defined and are more comprehensive than the erstwhile regime. However, there are still ...
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GST commissioner to arrest tax evaders

14 Jan

Since the GST law provides a commissioner the power to arrest a person in case he has reasons to believe that the tax evasion is likely to be more tha ...
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Commercial hit due to unfavorable 'GST' provisions

14 Jan

The provisions for goods and service tax (GST) 's sanitary latrine and food service industries have been unfavorable, they have to face big business c ...
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Cut in GST rate on footwear to promote growth

13 Jan

The council has sought reduction of GST rate to 12 per on footwear priced above Rs 1,000. Leather exporters in the country have urged the finance mini ...
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GST can be reduced on many products including AC, industry wants tax concession in view of slowdown in economy

13 Jan

Government can give another relief to consumers even before the budget. For this, the GST Council may consider bringing down the products like AC, veh ...
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New GST return form will apply from October, offline trial from July

13 Jan

GST Return filing system will be implemented from October 2019. From July through offline tools its trial will start. Businesses with more than 50 mil ...
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New GST return system for taxpayers

12 Jan

The government has unveiled a transition plan for taxpayers under the goods and services tax to switch to new simpler return forms. In order to ease t ...
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Simplification and rationalization in GST demanded by Chandigarh traders

12 Jan

City traders have demanded for simplification and rationalization of Goods and Services Tax (GST). In a recent meeting of trade welfare board, the mem ...
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Govt plans big move to stop large-scale tax evasion

12 Jan

With a foolproof system to match all transaction invoices being delayed inordinately, the Goods and Services Tax (GST) Council will soon have a facili ...
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Builders must pass on the GST benefit to homebuyers

12 Jan

Experts Recent rulings by National Anti-Profiteering Agency have made it clear that citing practical difficulties for inability in passing on th ...
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The further downgrading of the GST rate of goods

11 Jan

Amid concerns of an economic slowdown, the first GST Council meeting under the re-elected Modi government may look at further trimming the highest tax ...
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GST council meeting on 20th June, this time we can get relief

11 Jan

The Goods and Services Tax (GST) Council meeting is due on June 20. This is the first meeting of the GST Council in the second term of the Modi govern ...
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CPI preparing a memorandum on GST rates to save MSME

11 Jan

The CPI is in the process of preparing a memorandum on the GST requirements for the MSME sector, which is feeling the pinch of higher tax rates. The M ...
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More items likely to go off highest GST slab

10 Jan

India could review the goods and services tax (GST) structure to further prune the number of items in the highest slab of 28% as it attempts to stave ...
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GST Council , may fix Rs 50 cr turnover threshold for e-invoice

10 Jan

The finance ministry is likely to propose ₹50 crore as the turnover threshold for entities to generate e-invoice on a centralised government portal fo ...
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National Restaurant Association writes to government for dual GST structure

10 Jan

The main restaurant industry body has written to the government, demanding that restaurants be given the option to choose a higher GST rate than now l ...
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Government keen to bring fuel duo under GST umbrella

10 Jan

The Narendra Modi-government would be keen to push the inclusion of natural gas and aviation turbine fuel (ATF) within the ambit of the goods and serv ...
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GST Annual Return filing Due Date won’t be Extended

08 Jan

The Ministry of Finance recently reminded that the last date to file GST Annual returns will continue as June 30 and there would not be any further ex ...
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Maharashtra Commission Rejects Solar Power Developer’s Petition for GST Compensation

08 Jan

Independent solar power producer Azure Power’s petition to Maharashtra Electricity Regulatory Commission (MERC), requesting to order Maharashtra State ...
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Maharashtra Govt announce GST settlement scheme 2019

08 Jan

G.S.T. Department announced a settlement scheme which is a unique opportunity for registered and unregistered dealers to settle arrears for pre-GST pe ...
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Rs3K penalty on retail store for charging GST on discounted Price

07 Jan

Holding that the practice of charging extra GST on discounted price was an unfair trade practice, which has already been depreciated by the National C ...
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Three held in Panipat over GST scam

07 Jan

The police on Tuesday nabbed three persons for their alleged involvement in the fake GST bill scam. The accused were identified as Rajesh Mittal, Inde ...
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Exporters want benefits of Capital Goods Scheme under GST regime

07 Jan

Many Indian exporters approached the Delhi High Court last week against the government for not extending the benefits of EPCG (Export Promotion Capita ...
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‘GST 2.0 could deal 30% hit to working capital initially’

06 Jan

To simplify the process of filing goods and services tax (GST) returns and curbing tax evasion, the GST Network (GSTN) recently launched a prototype o ...
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Tamil Nadu streamlines enforcement systems for GST

06 Jan

With implementation of Goods and Services Tax (GST) requiring a fundamental change in the way Commercial Tax Department functions, the Tamil Nadu gove ...
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Exporters approached Delhi HC against govt. after EPCG benefits curtailed under GST

06 Jan

Many Indian exporters approached the Delhi High Court last week against the government for not extending the benefits of EPCG (Export Promotion Capi ...
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Indian Companies' GST returns and accounts to be audited for the first time, Experts want no penal action

05 Jan

India Inc. is gearing up to face the first test of their goods and services tax filings, with the authorities looking to initiate audits by picking ...
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No change in last date to file annual GST return: Finance Ministry

05 Jan

The Union Finance Ministry, on Tuesday, issued a detailed clarification on the annual return filing for the Goods & Services Tax (GST). The last ...
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Finance Ministry assured that IGST credit accrued in FY18 won't lapse even if not claimed in that fiscal

05 Jan

The Finance Ministry Tuesday assured trade and industry that input tax credit accrued on import of goods by paying GST in 2017-18 will not lapse eve ...
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Consumer goods firms want GST on ACs, large TVs cut to 18%

05 Jan

White goods makers want Goods & Services Tax (GST) on air conditioners (ACs) and large televisions (above 32 inches) to be reduced to 18 percent ...
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GST collected on UoM’s sports camps, athletes disappointed

04 Jan

The sports camps conducted by the University of Mysore (UoM) provides scores of budding athletes and sportspersons across the city the ideal launchpad ...
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GST Council likely to tweak textiles rates in line with global markets

04 Jan

The Goods and Services Tax Council, which is likely to meet for the first time after elections in the first half of this month, is likely to take up r ...
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Hundreds of fake companies playing on the name of Fraud / GST claim

04 Jan

The government has identified hundreds of fake companies taking input tax from the government. Now the action is taken against them. These companies a ...
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Society of Automobile Industry (SIAM) has sought reduction of GST on all vehicles to 18 per cent from the current rate of 28 per cent.

03 Jan

Passing through one of the longest sales slowdowns, the auto industry has sought reduction of GST on all vehicles to 18 per cent from the current rate ...
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GSTN move to give leg-up to software product firms

03 Jan

Six firms to offer software free of cost to the targeted 8 million small businesses. A government bid to democratise access to accounting software by ...
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Govt probes I-T and GST mismatch in crackdown against evaders

03 Jan

Modi Government is set to take up the next stage of action against tax evasion and money laundering with data analysis helping detect thousands of ove ...
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Government collects Rs 1,00,289 crore GST in May

03 Jan

For the third month in a row, government has managed to collect over Rs 1 lakh Goods and Services Tax (GST). India’s gross GST revenues in month of Ma ...
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Kerala Flood Cess levy deferred to 1st July, 2019

03 Jan

On May 31, 2019, Kerala Government through notification G.O. (P) No. 82/2019/TAXES, has announced postponement of the date of levy and collection of K ...
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Telangana firms caught evading GST in major tax scam worth crores

01 Jan

The nine firms would buy goods from unregistered suppliers, raise fake invoices and claim input tax credit to evade paying GST.Four persons were arres ...
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Do not get arrested on theft of GST under 2 crore rupees

01 Jan

The Supreme Court GST ( GST after the due arrest in a case of theft) and the decision of the High Court it is anxiety about Krobarion. But GST experts ...
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Stay on GST interest relief for late payers

31 Jan

There is a fresh wave of hope among businessmen and GST payers in Gujarat after Delhi high court issued a stay on levying interest on gross tax liabil ...
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GST: Post-supply discounts

31 Jan

The AAR in the case of M/s MRF Limited [2019 (3) TMI 928] was of the view that the value of supply shall be the value indicated on the original GST in ...
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New GST return forms to help authorities check tax evasion

31 Jan

New forms will prevent companies from claiming any more rebate from govt than they are eligible for The original date for businesses to compulsorily s ...
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No anticipatory bail, GST violators can be arrested without FIR, clarifies SC

30 Jan

The Supreme Court suggested to the high courts to not to grant anticipatory bail to those who default on the goods and services tax, reminding th ...
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Apex auto lobby body to make an appeal to government to reduce GST on vehicles

30 Jan

The Society of Indian Automobile Manufacturers (SIAM), the apex lobby body of vehicle makers, will meet the government to seek a reduction of the Good ...
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Polypropylene mats now attract 5% GST

30 Jan

The rate applicable was 18% earlier.The Tamil Nadu Advance Ruling Authority has clarified that polypropylene mats, which are plaited using polypropyle ...
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GST to be charged on total pool of deposits of fantasy sports gaming company

30 Jan

Tax officials could soon charge gaming companies GST on the total pool of deposits. Currently, gaming platforms only pay taxes on earned commission .T ...
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GST Network offers free accounting and billing software to MSMEs

29 Jan

GST Network (GSTN) said that it has started offering free accounting and billing software to MSMEs with annual turnover of up to Rs 1.5 crore, which w ...
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IRIS Peridot App : Get Credit for GST You Paid

29 Jan


In all business transactions, you get an invoice from your supplier (or even restaurant) which includes his GST (Goods and Services Ta ...
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GST Council sets up 2 sub-groups to examine legal, technical aspects of e-invoice for B2B sales

29 Jan

The GST Council has set up two sub-groups to look into the policy and technical aspects, such as turnover threshold and mode of generation, for e-invo ...
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GST standard rates may not be merged any time soon

28 Jan

Clubbing 12% and 18% rates may cause an annual revenue loss of 1 lakh cr. The Revenue Department does not think it would be appropriate even in the ne ...
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Kerala became the first state to impose cess on GST

28 Jan

The calamity cess on GST, aimed at raising funds to rebuild Kerala from the devastation caused by last year’s floods, will be levied by the state’s ta ...
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With new government, hopes of early inclusion of gas, ATF into GST fold brightens

28 Jan

At least two out of five petroleum products, including the aviation turbine fuel or ATF and natural gas, are likely to be among the first set of petro ...
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E-invoice system under GST soon

28 Jan

Top companies in the country may have to rely on a common goods and services tax portal to issue invoices to their customers. The government is l ...
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Single authority for sanctioning and processing GST refund is in the offings

27 Jan

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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Realtors may get GST relief on development rights

27 Jan

A new service tax ruling may offer real estate developers relief on the Goods & Services Tax (GST) liability ontransfer of rights in a property fo ...
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GST Council to implement changes in phased manner

27 Jan

Big businesses will have to start filing goods and services tax returns in the new form before others, with the authorities planning a gradual approac ...
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Top priorities : Easing E&P norms, getting petro products under GST

27 Jan

The new government may also introduce a separate scheme for revival of stranded gas-based power projects. Further push for inclusion of key petroleum ...
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No GST at duty-free shops: HC

25 Jan

Multiple court rulings on payment of goods and services tax at duty-free shops are making life confusing for those buying perfumes and chocolates from ...
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Realtors’ GST choice to make houses dearer

25 Jan

Houses may get dearer as over 90 percent realtors have opted for the lowered Goods and Services Tax (GST) slabs without Input Tax Credit (ITC) that is ...
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Foreign fund managers get mandate to loosen purse strings

25 Jan

Fund managers who are investing in India from abroad are bullish about the market on the back of a decisive mandate for the Narendra Modi-led alliance ...
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GST Network releases prototype of new simplified return filing form; to be launched from 1st July 2019

24 Jan

GST Network on Wednesday released a demo tool for the new and simplified return filing form which will be launched sometime later in the year.The prot ...
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GST on fuel, easier licensing rules are needed to energise the power sector

24 Jan

Bringing key petroleum products in the ambit of the Goods and Services Tax, easing licensing needs and taxation for upstream projects, enhancing third ...
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New GST regime may hurt Builders

24 Jan

Real estate developers have to pay more taxes under Goods and Services Tax (GST) for residential projects, if they source a bulk of their inputs (like ...
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Finance commission may not extend GST compensation

23 Jan

The 15th Finance Commission is unlikely to heed the request of state governments to extend the period for the GST compensation beyond the initial five ...
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Home buyers will have to pay 12% GST on dues if completion certificate issued by March 31

23 Jan

The GST Council had in March allowed real estate players to shift to 5 per cent GST rate for residential units and 1 per cent for affordable housing w ...
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draft of a new and simplified GST return form unveiled

23 Jan

The Goods & Services Tax (GST) Authority has come out with a draft of a new and simplified return form. The new form is expected to be formally ro ...
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RBI should come out with revised directive on bankruptcy

23 Jan

The Reserve Bank of India (RBI) should swiftly come out with its revised directive on the resolution of stressed assets, given that the country dire ...
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Prototype of simplified GST format released

23 Jan

GST Network on Wednesday released a demo tool for the new and simplified return filing form which will be launched sometime later in the year. ...
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Hotels, realtors move Delhi High Court over Input Tax Credit issue

22 Jan

Many hotels, malls and real estate companies that were denied input tax credit under Goods and Services Tax (GST) mechanism in certain situations have ...
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Most real estate developers across the State opt for 12% GST slab for ongoing projects

22 Jan

Most real estate developers across the State have opted for the old Goods and Services Tax (GST) rate of 12% for ongoing residential projects, as they ...
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Casino can get relief in GST

22 Jan

The Central Government can take a soft look at the GST on Casino Business. According to sources, the Finance Ministry is considering putting GST on th ...
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Importers can breathe easy as Gujarat HC stays IGST levy on ocean freight

21 Jan

Importers can breathe easy as the Gujarat High Court has stayed the levy of Integrated Goods & Service Tax (IGST) on ocean freight. IGST is levied ...
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HC allows input tax credit(ITC) under GST regime to realtor making shopping mall

21 Jan

The Orissa High Court has resolved an important issue of blocked credit under the goods and services tax (GST) regime for real estate companies constr ...
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Charging GST on the discounted price an unfair trade practice.

21 Jan

Charging GST on the discounted price of the product having MRP inclusive of all taxes is an unfair trade practice.
This was stated by the District ...
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Hotels, realtors move Delhi HC over ITC issue

21 Jan

Many hotels, malls and real estate companies that were denied input tax credit under Goods and Services Tax (GST) mechanism in certain situations ha ...
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GST Council may consider national bench of AAAR next month

20 Jan

The GST Council is likely to consider next month a proposal for setting up a national bench of the Appellate Authority for Advance Ruling (AAAR) to re ...
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Diagnostic Centres need not be registered under the Goods and Services Tax

20 Jan

The Kerala State Authority for Advance Rulings (AAR) has ruled that the diagnostic centres, being part of health care services need not be registered ...
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AAR allows ITC by debt settlement under GST regime

20 Jan

Companies can claim input tax credit (ITC) under the goods and services tax regime even if the liability to pay for inputs between them, includi ...
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Goods can’t be detained for Defect in E-Way Bill since there is No Supply

18 Jan

A two-judge bench of the Gujarat High Court comprising Justice Harsha Devani and Justice Bhargav D Karia has held that the GST department cannot detai ...
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The Central Bureau of Investigation has arrested GST Inspector for accepting Bribe

18 Jan

The Central Bureau of Investigation has arrested an Inspector, E-way Bill Team-II, Central GST, Noida (Uttar Pradesh) for demanding and accepting a br ...
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The Kerala State GST Department alerts erring traders

18 Jan

The State GST Department has asked dealers under the composition scheme not to collect tax from customers. These dealers should remit the fixed percen ...
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Honest with I-T, but evading GST tweaking their GST returns

18 Jan

The directorate general of GST intelligence (DGGSTI) has come across huge mismatches in the turnover mentioned by businesses in income tax returns as ...
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consultancy charges received by the applicant in relation to pure services provided to State Govt. are exempt from GST-AAR Kerala

18 Jan

The Applicant is an agency of Govt. of Kerala engaged in the construction of roads, buildings, bridges, etc. The Applicant has been selected as Constr ...
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Higher GST will apply to dues on finished real estate projects: CBIC CBIC had clarified that the concessional rate of GST (5 per cent) would not apply to the payment of such dues.

17 Jan

The Central Board of Indirect Taxes and Customs (CBIC) has come out with another set of frequently asked questions (FAQs) to clear the air on GST on r ...
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GST filing to get simpler- The new simplified returns filing format, approved by the GST Council last July, is finally ready to be rolled-out after being deferred twice.

17 Jan

The new simplified returns filing format, approved by the GST Council last July, is finally ready to be rolled-out after being deferred twice. Under t ...
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The Central government has extended the deadlines for various Goods and Services Tax (GST) returns for taxpayers registered in cyclone-hit Odisha

17 Jan

The Central government has extended the deadlines for various Goods and Services Tax (GST) returns for taxpayers registered in cyclone-hit Odisha.
...
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Home buyers will have to pay 12 per cent GST on balance amount due to the builder if the housing project has been granted completion certificate by March 31, 2019, the CBIC has said.

16 Jan

Home buyers will have to pay 12 per cent GST on balance amount due to the builder if the housing project has been granted completion certificate by Ma ...
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National anti-profiteering authorities tenure may get extended.

16 Jan

India’s anti-profiteering framework may remain in place for another two years as the country eyes more changes to the goods and services tax (GST) str ...
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The Union finance ministry is finally ready to move ahead with the single monthly return system for the Goods and Services Tax (GST), a move that will simplify the process of filing returns and also getting input tax credit.

16 Jan

The Union finance ministry is finally ready to move ahead with the single monthly return system for the Goods and Services Tax (GST), a move that will ...
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Search justified where evidence found against petitioner for evasion of Excise Duty & matter is under investigation. HC Rajasthan

16 Jan

Writ petition was filed by the petitioner before the High Court of Rajasthan alleging that the search conducted in his premises by the officers of Dir ...
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HC directed GST authorities to allow manual filing of TRAN-1 in case GST portal does not respond. HC Allahabad

16 Jan

The petitioner filed writ so that time period for filing GST Tran-1 was to be extended as his application could not be entertained on the last date an ...
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The income tax department again defers GST, GAAR reporting in tax audit report till March 2020.

15 Jan

The income tax department May 14 deferred for the second time the requirement for companies to include in their tax audit report the details of Goods ...
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GST: National Anti-Profiteering Body Orders Probe Against VIP Industries

15 Jan

The National Anti-Profiteering Authority found a backpack and trolley distributor guilty of not passing the Goods and Service Tax rate cut benefits of ...
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Govt. mulls making UPI-based QR codes mandatory for shops

15 Jan

Digital payments in India, already witnessing unprecedented activity since Prime Minister Narendra Modi's demonetisation announcement in 2016, is like ...
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Goods seized due to difference of date in tax invoice & E-way Bill to be released on furnishing of security-HC Allahabad

15 Jan

The goods and the vehicle of the petitioner had been seized as the date of the tax invoice mentioned in the E-WAY bill was different from the date men ...
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HC directed Commissioner to consider extension of time of TRAN-1 which could not be filed due to technical error- HC Allahabad

15 Jan

The petitioner was not able to file Form GST TRAN-1 within the stipulated time due to technical difficulties in the GST portal and, therefore, moved a ...
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Automated GST refund for exporters who have paid Integrated Goods and Services Tax (IGST) while exporting goods by next month.

14 Jan

Exporters of goods and services as well as suppliers to SEZ units are likely to get GST refunds automatically from June as the revenue department plan ...
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Due date of GSTR-1 (Outward Supply) for the month of April 2019 for taxpayers having aggregate turnover more than Rs 1.5 crore extended to June 10' 2019

14 Jan

The due date for filing final sales return or GSTR-1 for April for taxpayers having aggregate turnover more than Rs 1.5 crore too has been extended by ...
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Due date of GSTR-3B for the month of April 2019 for taxpayers extended to June 20' 2019

14 Jan

The Finance Ministry has extended the deadline for filing summary sales return for April in 14 districts of Odisha affected by cyclone Fani by a month ...
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In relief to buyers National Anti-Profiteering Authority (NAPA) has ordered Puri Constructions to refund “excess” GST

13 Jan

In what will signal a relief to home buyers across real estate projects, the National Anti-Profiteering Authority (NAPA) has ordered Puri Construction ...
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The goods and service tax anti-evasion body has found Irregularities In Tax Payment By Coca-Cola Bottler.

13 Jan

The goods and service tax anti-evasion body has found irregularities in payment of tax by the bottler of Coca-Cola beverages in India. The Directorate ...
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In GST regime, trucks covering 10-15% more distance in a day’

13 Jan

After the implementation of GST and e-way Bill, trucks have been able to cover 10-15 per cent more distance in a day than what they used to do in the ...
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FMCG distributors face GST scrutiny for post-sale discounts.

11 Jan

NEW DELHI: Coca-Cola India’s bottling partner Hindustan Coca-Cola Beverages (HCCB) and distributors of FMCG and consumer durable firms have come under ...
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Delta Corp tanks 7% on report of Rs 6,189-cr GST evasion; co denies allegations.

11 Jan

Share price of Delta Corp ended nearly 7 percent lower on Friday after news report emerged that DG GST Intelligence has booked two Goa companies, incl ...
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GST Council extends deadline for realtors to opt for old GST rates with input tax credit for ongoing projects or shift to new lower tax rates.

11 Jan

The GST Council on Thursday extended by 10 days till May 20 the deadline for realtors to opt for old GST rates with input tax credit for ongoing proje ...
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GST Council extends deadline for realty firms to opt for old GST rate till May 20 earlier it was May 10

10 Jan

"The date for exercising the option for residential real estate project to either stay at old GST rate (8 per cent or 12 per cent with ITC) or to avai ...
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GST scrutiny on FMCG distributors for post-sale discounts

10 Jan

Coca-Cola India’s bottling partner Hindustan Coca-Cola Beverages (HCCB) and distributors of FMCG and consumer durable firms have come under the lens o ...
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Car dealers faces GST Scrutiny on discounts & freebies offered to customers

10 Jan

The indirect tax department is scrutinising discounts and freebies offered to customers by major car dealers across the country on suspicion that they ...
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Tata Harrier’ vehicle used for transportation of persons is a ‘motor car’ classified under Tariff Item 8703 32 91-AAR Maharashtra

09 Jan

The Applicant is in the business of manufacturing and selling both commercial as well as passenger vehicles and is launching its passenger vehicle ...
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Classification of a service to be decided by Apex Court only-SC

09 Jan

The respondent was an association, whose members were transport operators engaged in the transportation of goods entrusted by the customers. Show-caus ...
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Delhi HC stay on anti-profiteering proceedings against Abbott Healthcare may push others to challenge NAA orders.

09 Jan

The Delhi High Court's recent stay on anti-profiteering proceedings against Abbott Healthcare opening a window for companies facing such proceedings t ...
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Now, Home Owners may have to pay different GST rates for identical flats.

09 Jan

The taxman has asked builders to choose before May 10 the new GST rate for ongoing realty projects. The concessional rate, which came into effect Apri ...
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After reviewing a petition filed by the Solar Power Developers Association (SPDA) Delhi High Court Directs GST Council to Review Tax Structure for Solar Projects.

08 Jan

After reviewing a petition filed by the Solar Power Developers Association (SPDA) that challenges the new tax formulation structure for solar projects ...
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TVS Motor Company expects GST rate cut, easy credit to offset BS VI impact on moped.

08 Jan

TVS Motor Company, the only manufacturer of mopeds in India, is expecting that support from retail finance companies and a possible reduction in Goods ...
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The Central Bureau of Investigation has charged three Customs and GST officials based in Bengaluru for allegedly helping smugglers bring gold from Dubai in the form of paste.

08 Jan

The Central Bureau of Investigation has charged three Customs and GST officials based in Bengaluru for allegedly helping smugglers bring gold from Dub ...
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Tata Sons may face Rs 1.5 K Cr GST on Docomo payout

08 Jan

Tata sons may be staring at a tax demand of over Rs 1500 Cr following an investigation by the Goods and Services Tax authorities. The directorate gene ...
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All invoices for business-to-business sales by entities beyond a specified turnover threshold Will Have to be Generated on Govt Portal by September to Check GST Evasion

07 Jan

All invoices for business-to-business sales by entities beyond a specified turnover threshold will be generated on a centralised government portal by ...
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The Delhi High Court on Monday restrained the government from appointing members to the GST Appellate Tribunal without its prior approval, till further hearing of a case relating to a smaller number of judicial members in the body.

07 Jan

The Delhi High Court on Monday restrained the government from appointing members to the GST Appellate Tribunal without its prior approval, till furthe ...
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Why record high GST collection is an exception and not a norm yet

07 Jan

India’s goods and services tax revenue touched the highest ever in April, but the spurt in collections is far from becoming the norm just yet.
Coll ...
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HC directed Appellate Authority to dispose of appeal filed against seizure order within 2 weeks- HC Karnataka

07 Jan

The petitioner was engaged in the business of providing earth moving services. The Competent Authority had seized the goods under transport and also t ...
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Seizure notice issued to transporter for non-payment of tax on goods, was valid, even if he was not supplier of goods-HC Allahabda

07 Jan

The Competent Authority issued a show cause notice on the petitioner confiscating his vehicle. The petitioner filed a writ petition in the High Co ...
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Builder can’t charge higher GST for preferential location and facilities like car parking in apartments

04 Jan

There may be further GST (goods and services tax) relief for home buyers with the Authority on Advance Ruling (AAR) in West Bengal concluding that ser ...
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GST buoyancy

04 Jan

The final month of financial year 2018-19 has given the government some reason for cheer. Targets for indirect tax collections may have been missed fo ...
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Anticipatory Bail Petition dismissed where assessee indulged in issuing fake invoices without actual supply of goods-HC Madras

04 Jan

The petitioner had several entities engaged in the sales/purchases of Iron and Steel. All the entities had GST registration. The Competent Officer ...
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Beverage Cooler used for cooling and dispensing Coca Cola is classified under Heading No. 84186930, taxable at 18%-Allahabad CESTAT

04 Jan

The assessee imported a machine described as 'Beverage Cooler SC-80' and classified the same under Heading No. 84185000. However, the Adjudicating ...
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The central government plans to reduce GST rate and basic customs duty on gold

03 Jan

The central government is considering a sharp reduction in the import duty on gold, to four per cent from the current 10 per cent. This is part of the ...
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Why it may be premature to cheer the surge in April GST collection

03 Jan

The rise in GST collection to Rs 1.13 lakh crore in April 2019 is puzzling, given the weak IIP growth and subdued March quarter corporate earnings. Mo ...
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The GST collections in April jumped to Rs 1.13 lakh crore in April, the highest since its rollout

02 Jan

The GST collections in April jumped to its highest level of Rs 1,13,865 crore since its roll out in 2017. While collections have been gradually increa ...
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Lack of clarity and difficulties in furnishing series of new details asked in the annual return form under Goods and Services Tax (GST) are seen resulting in mismatches and record notices to taxpayer

02 Jan

Lack of clarity and difficulties in furnishing series of new details asked in the annual return form under Goods and Services Tax (GST) are seen resul ...
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Supplier of Taxable & Exempt supplies requires GST registration if his total turnover exceeds threshold limit-AAR Tamilnadu

02 Jan

The Applicant is society under Marine Products Export Development Authority, Ministry of Commerce & Industry, Government of India.It was registere ...
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Providing Back office support services to foreign clients is an Intermediary Service & not zero rated supply-AAAR Maharashtra

02 Jan

The Applicant is an Indian Company and is incorporated to provide back office administration & accounting services to overseas clients. The Applic ...
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Soon, the tax department will share ITR data with GSTN to detect tax evasion by business persons

01 Jan

Soon, the tax department will be sharing the income tax return (ITR) data of business persons with the Goods and Services Tax Network (GSTN) officer. ...
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Investigation by the Directorate General of Anti Profiteering (DGAP) Tata Starbucks guilty of profiteering Rs 4.51 crore by not reducing coffee prices

01 Jan

Investigation by the Directorate General of Anti Profiteering (DGAP) has revealed that Tata Starbucks, the equal joint venture between the Tata and gl ...
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No GST to be levied on the upfront amount payable in instalments for long term lease of plots

01 Jan

On April 30, 2019, vide Circular No. 101/20/2019-GST, CBIC has clarified that there is no liability to pay GST on the upfront amount which is determin ...
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CBIC clarifies the applicability of GST on Seed testing & certification

01 Jan

On April 30, 2019, vide Circular No. 100/19/2019-GST, CBIC has issued clarification regarding applicability of GST on supply of seed certification tag ...
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Spare parts & maintenance services supplied under an agreement, not being a natural bundle, shall be a ‘Mixed Supply’-AAAR Rajasthan

01 Jan

The Appellant provides maintenance services for the imported mining equipments through two separate agreements. Agreement 1 is ‘Comprehensive Maintena ...
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Small B2C entities, restaurants under scanner for GST evasion

30 Jan

GST officers are working out a mechanism to deal with non-payment of taxes by a large number of small restaurants and B2C entities which are collectin ...
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FMCG firm ITC and Baba Ramdev's Patanjali Ayurveda under lens for not passing on GST rate cuts to consumers

30 Jan

FMCG firm ITC and Baba Ramdev's Patanjali Ayurveda have come under the scanner of profiteering watchdog for not passing benefits of reduced goods and ...
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Flawed GST structure putting domestic makers of Indian Railways locomotives, rolling stocks at a disadvantage

30 Jan

Under Chapter 86 of the GST tariff rules, specified items for supplies to the railways are taxed at a benign 5% but without a refund of unutilised inp ...
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Incentivising Private Sector, lower GST rate on Hotels, to promote tourism

30 Jan

the Government should take steps such as rationalising GST rate for Hotels and Incentivising private participation to boost the tourism sector as ...
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Companies in Gujarat, Andhra and Haryana receives notices by GST authorities over ITC claims.

30 Jan

India Inc could face a tax landmine with tax authorities beginning to question input tax credit claimed by companies in lieu of Goods and Service Tax ...
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Government Plans to launch GST e-invoices to curb tax evasion

29 Jan

GST officers are working on a system where businesses above a certain turnover threshold will have to generate 'e-invoice' on government or GST portal ...
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Over 50 builders face probe for profiteering under goods and services tax (GST) regime

29 Jan

More than 50 property developers, including some of India’s top builders, are being investigated for profiteering under the goods and services tax (GS ...
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Dream11, other eGaming companies face potential tax liabilities on goods and services tax (GST)

29 Jan

The indirect tax department has started questioning some of the leading online fantasy gaming companies to ascertain if there is a revenue leakage on ...
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E-invoicing may begin under GST:- If the country adopts the system, businesses will likely have to issue invoices, or bills, directly via the GST Network, and the data will be available to the authorities right away. The GST Council has set up a committee to look into the feasibility of e-invoicing. “E-invoicing as a concept looks like a good mechanism to check tax evasion and also ease the compliance burden on businesses.”

27 Jan

E-invoicing may begin under GST:- If the country adopts the system, businesses will likely have to issue invoices, or bills, directly via the GS ...
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GST refunds for exporters can now come in 3-4 days:- “Now, for the GST refund, if one is filing all returns in a perfect manner, if shipping bills are filed, if the shipment is on board and exported. There is a caveat though. For exports made under Letter of Undertaking (LUT) which is against a custom bond, exporters can claim refunds of input tax credit on goods and services that aren’t utilised. “In such a

27 Jan

GST refunds for exporters can now come in 3-4 days:- “Now, for the GST refund, if one is filing all returns in a perfect manner, if shipping bil ...
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IGST credit to settle centre, state tax dues: CBIC Businesses that have accumulated Integrated GST (IGST) credit in their books can settle it against central and state tax dues in any proportion, the revenue department has said. Importers typically pay IGST on goods they bring into the country. Also IGST is paid on inter-state movement of goods. This tax is supposed to be set-off against the actual GST paid, or may be claimed as refund in certain cases. The Central Board of Indirect Taxes and

27 Jan

IGST credit to settle centre, state tax dues: CBIC
Businesses that have accumulated Integrated GST (IGST) credit in their books can se ...
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Divergent AAR rulings on GST on AMCs put industry in a fix .Conflicting rulings from tax authorities of advance rulings in different states on applicable goods and services tax rate on annual maintenance contracts have caused considerable confusion in the industry and causes higher cost to the end consumers

26 Jan

The various Authorities of Advance Rulings (AARs) have pegged GST on annual maintenance contracts (AMCs) that companies offer to customers of various ...
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The issue of whether serving a scoop of ice-cream would be a supply of services or goods or whether it would be a composite supply, was recently examined by the Authority of Advance Ruling (AAR), Maharashtra bench. Based on the facts of the case, the AAR agreed that even serving scoops of ice-cream did not contain any service element and was a supply of goods. It would attract GST at 18% and the applicant would be able to avail input tax credit (in simple terms it refers to credit that is avail

26 Jan

AAR: An ice-cream scoop is a supply of ‘goods’, with 18% GST, but tax credit reduces the sting
The issue of whether serving a scoop of ...
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The revenue department has allowed businesses whose GST registration has been cancelled due to non-filing of tax returns to apply for its revocation by July 22, provided they file their pending returns and pay due taxes. In a letter to field offices, the Central Board of Indirect Taxes and Customs (CBIC) said it is providing a "one-time opportunity" to apply for revocation of cancellation of GST registration by July 22, 2019, for the those entities for whom cancellation order has been passed up

26 Jan

The revenue department has allowed businesses whose GST registration has been cancelled due to non-filing of tax returns to apply for its revocation b ...
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In yet another simplification, Government has added flexibility into the way a company can utilise the available input tax credit. Any company would now be eligible to use credit available against paid integrated GST (IGST) to set off tax liabilities of state GST (SGST) and central GST (CGST) in any proportion and in any order, the GST Council said in a circular

25 Jan

In yet another simplification, Government has added flexibility into the way a company can utilise the available input tax credit. Any company would n ...
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Bringing relief to composition scheme taxpayers under GST, the FM has allowed such businesses to file “self-assessed tax” return on QTR basis in a simplified form. So far, businesses opting for composition scheme had to file tax returns every QTR in GSTR-4, which ran into around seven pages. As per a Central Board of Indirect Taxes and Customs notification, composition scheme taxpayers will now file GSTR-4 annually by April 30 for the previous FY ending 31 March

25 Jan

Bringing relief to composition scheme taxpayers under the goods and services tax, the Finance Ministry has allowed such businesses to file “self-asses ...
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3. CBIC has allowed 30 days to file all the pending returns where order for revocation of cancellation of reg. is issued

25 Jan

Vide notification no. 20/2019 dated April 23, 2019, CBIC has notified that all returns due for the period starting from the date of the order of cance ...
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The Central Board of Indirect Taxes and Customs (CBIC) has notified that the persons who failed to file the GST returns properly will not be able to generate the E-way Bills from 21st June 2019.

24 Jan

The Central Board of Indirect Taxes and Customs (CBIC) has notified that the persons who failed to file the GST returns properly will not be able to g ...
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The Telangana high court has rejected a writ petition challenging the imposition of interest on total goods and services tax liability including input tax credit, a ruling that has significant implications for industry. This means that tax authorities can levy interest on the gross tax liability of an assessee if there is any delay in tax payment

24 Jan

The Telangana high court has rejected a writ petition challenging the imposition of interest on total goods and services tax liability including input ...
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The GST profiteering investigation arm has found leading FMCG firm P&G India guilty of not passing on GST rate cut benefits to the tune of about Rs 250 crore by commensurate reduction in prices.

24 Jan

The GST profiteering investigation arm has found leading FMCG firm P&G India guilty of not passing on GST rate cut benefits to the tune of about R ...
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GST authorities fail to adhere to timelines.As per law, in case of exporters, 90% provisional refund must be granted to the exporter within seven days from the date of acknowledgement. Thereafter, upon detailed scrutiny, the refund order shall be issued within 60 days from the date of acknowledgement. Further, Section 56 of the Act prescribes that where the tax is not refunded within 60 days of the receipt of application, an interest at the rate of 6% shall be given to the taxpayer.

24 Jan

As per law, in case of exporters, 90% provisional refund must be granted to the exporter within seven days from the date of acknowledgement. Thereafte ...
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A two-judge bench of the Hyderabad High Court has held that the interest under section 50 of the Central GST Act, 2017 is payable on the total tax liability including a portion of which is liable to be set-off against the input tax credit.

23 Jan

A two-judge bench of the Hyderabad High Court has held that the interest under section 50 of the Central GST Act, 2017 is payable on the total tax lia ...
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The Telangana High Court has ruled that no input tax credit (ITC) is available unless GST returns are filed and a taxpayer is liable to pay penalty on the entire liability.

23 Jan

The Telangana High Court has ruled that no input tax credit (ITC) is available unless GST returns are filed and a taxpayer is liable to pay penalty on ...
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Police have busted a gang that would con city businessmen by filing fake GST returns on their behalf and claim input credits worth lakhs of rupees by generating fictitious transactions. Five of the accused have been arrested, while a hunt is on for the others

23 Jan

Police have busted a gang that would con city businessmen by filing fake GST returns on their behalf and claim input credits worth lakhs of rupees by ...
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1. HC directed GST authorities to take a decision within 1 month w.r.t. refund applications & pass speaking order- HC Punjab& Haryana

23 Jan

The assessee had moved online refund application claiming refund of the excess input tax credit, but no action was taken. It had filed a writ petition ...
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Application referred to AAAR where members of AAR had two different views w.r.t. classification of service-AAAR Telangana

23 Jan

The applicant is a contractor of Telangana State Mineral Development Corporation Limited (TSMDC).TSMDC has awarded the work to the applicant which inc ...
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The government has extended the last date for filing summary sales return, GSTR-3B, for March month by three days until April 23. "Due date for filing GSTR-3B for the tax period March 2019 has been extended to April 23, 2019," a ticker on GST portal 'gst.gov.in'' said

22 Jan

The government has extended the last date for filing summary sales return, GSTR-3B, for March month by three days until April 23."Due date for filing ...
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The Goods and Services Tax (GST) collection has improved in Odisha in 2018-19 in comparison to previous years. While during 2017-18, the GST collection was Rs 6,609.27 crore, it rose to Rs 12, 063.71 crore in 2018-19, said sources in the Finance Department.

22 Jan

The Goods and Services Tax (GST) collection has improved in Odisha in 2018-19 in comparison to previous years. While during 2017-18, the GST collectio ...
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The Directorate General of Anti-Profiteering (DGAP) has served a notice on technology major Samsung India for allegedly not passing on the benefits of GST reduction to its customers and in turn making undue profits, sources said. In December, the GST Council reduced the tax rate on televisions with screen sizes of up to 32 inches to 18 per cent from 28 per cent, which came into effect on January 1, 2019. Earlier, only the television sets with screens up to 26 inches were in the 18 per cent tax s

22 Jan

The Directorate General of Anti-Profiteering (DGAP) has served a notice on technology major Samsung India for allegedly not passing on the benefits of ...
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GST Annual Returns: 6 Things to keep in mind before filing!

20 Jan

GST Audit coupled with the return needs to be submitted. The audit is a window that showcases the true financial detail of the individual. Like return ...
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The indirect tax department that had arrested many promoters for circular trading and escaping goods and services tax may have to rethink its strategy after the Mumbai High Court granted bail to many of them.

20 Jan

The indirect tax department that had arrested many promoters for circular trading and escaping goods and services tax may have to rethink its st ...
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Gems and jewellery exports from India declined 3.12 per cent in 2018-19 owing to credit crunch, delays in GST (goods and services tax) refunds, and high import duties on polished diamond. Industry captains don’t see improvement in export in FY20 eithe

20 Jan

Gems and jewellery exports from India declined 3.12 per cent in 2018-19 owing to credit crunch, delays in GST (goods and services tax) refunds, and hi ...
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Vigilance Bureau(VB) on Friday arrested a Hoshiarpur based assistant commissioner Sales Tax (GST) Mobile Wing and a Tanda based chartered accountant when they were accepting bribe of Rs two lakh from a marriage palace owner.

20 Jan

Vigilance Bureau(VB) on Friday arrested a Hoshiarpur based assistant commissioner Sales Tax (GST) Mobile Wing and a Tanda based chartered accountant w ...
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Mixing of rubber with other materials supplied by principal, constitute job work services, taxable at 5%-AAR Kerala

20 Jan

The Applicant is supplying rubber backed mats and mattings which are used for laying on the floor. These are supplied on job work basis for which mate ...
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Perfumed baby wipes/towels fall under HSN 3307 and those coated with soap/detergent under HSN 3401-AAR Gujarat

20 Jan

The applicant is engaged in the supply of Wet Baby Wipes, Wet Face Wipes, Bed, Bath Towels and Shampoo Towels. It has sought advance ruling regarding ...
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The government’s GST probe body has served a notice to Samsung India for making alleged undue profits under the goods and services tax regime

19 Jan

The government’s GST probe body has served a notice to Samsung India for making alleged undue profits under the goods and services tax regime, accordi ...
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The Telangana High Court on Thursday dismissed a batch of writ petitions filed by seven private companies seeking a direction to the Hyderabad GST Commissionerate officials not to arrest them and set aside summons issued by the latter

19 Jan

The Telangana High Court on Thursday dismissed a batch of writ petitions filed by seven private companies seeking a direction to the Hyderabad GST Com ...
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Consumption of steel in India has increased by around 7 percent after the government amended the goods and services tax (GST) rules for the industry, said Aruna Sharma, former steel secretary.

19 Jan

Consumption of steel in India has increased by around 7 percent after the government amended the goods and services tax (GST) rules for the industry, ...
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Advance ruling cannot be obtained if Applicant is not required to supply goods/services for which he seeks ruling -AAR Maharashtra

19 Jan

The Applicant is an unregistered person under GST. It filed an application to seek clarity on the applicability of GST rate on the transaction propose ...
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Anti-profiteering provisions shall not apply if base price of product remains same even after reduction in GST rate-National Anti-Profiteering Authority, Kerala

19 Jan

The Applicant had alleged profiteering by the Respondent on the supply of ‘Vitrified Tiles Super Nano Plus’ as it had not passed on the benefit of red ...
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GST Practitioners Exam 2019: know exam date, eligibility, syllabus, other details The Registration Portal for the exam scheduled on 14.06.2019 will be activated on 21st May, 2019 and will remain open up to 4th June, 2019.

18 Jan

The Registration for the exam can be done by the eligible GSTPs on a Registration Portal, the link of which will be provided on NACIN and CBIC website ...
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During the course of filing GST Return, a taxpayer may discover additional tax liabilities that he or she may need to pay. GST tax portal has the provision that allows you to do so

18 Jan

During the course of filing GST Return, a taxpayer may discover additional tax liabilities that he or she may need to pay. GST tax portal has the prov ...
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Renewable power companies have moved the Delhi High Court, seeking to exempt the renewable energy certificates (RECs) from the goods and services tax (GST).

17 Jan

Renewable power companies have moved the Delhi High Court, seeking to exempt the renewable energy certificates (RECs) from the goods and services tax ...
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Key aspects to keep in mind when filing your annual GST Return

17 Jan

“This annual return also allows you to make certain edits. In case your previous return did not have the complete data, you can now make certain edits ...
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AAR rejects application, due to non-deposit of fees of INR 10,000 (5,000 CGST+5,000 SGST)- AAR Maharashtra

17 Jan

The Applicant is an unregistered person under the provisions of GST Act and has filed an application for an advance ruling to determine its liability ...
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HC refused to grant bail where petitioner & his partner were indulging in evading GST by creating bogus firms- HC Madhya Pradesh

17 Jan

HC refused to grant bail where petitioner & his partner were indulging in evading GST by creating bogus firms- HC Madhya Pradesh
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Businesses with an annual turnover of over Rs 2 crore can now start filing GST audit reports for fiscal 2017-18 as GST Network (GSTN) has made its format available on its portal.

16 Jan

Businesses with an annual turnover of over Rs 2 crore can now start filing GST audit reports for fiscal 2017-18 as GST Network (GSTN) has made its for ...
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In a bid to reduce litigations and to recover the arrears after the GST rollout, Kerala implements Amnesty Scheme to settle Pre-GST Arrears

16 Jan

In a bid to reduce litigations and to recover the arrears after the GST rollout, the Kerala Government has implemented the Amnesty scheme for the asse ...
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High GST of 28 per cent has turned out to be a handicap for Horse industry

16 Jan

The race horses are worried. The steep GST of 28 per cent has turned out to be a handicap for them. Earlier, one win would ensure the maintenance of a ...
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GST Dept can’t detain Vehicle for Deficiency in Lorry Receipt:A two-judge bench of the Gujarat High Court grants Interim Relief

15 Jan

A two-judge bench of the Gujarat High Court has granted interim relief to a dealer where the Goods and Services Tax (GST) department had detained the ...
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Uttar Pradesh Special Task Force (STF) and the sales tax department have unearthed Rs 13-cr GST fraud after multi-city raids

15 Jan

The Uttar Pradesh Special Task Force (STF) and the sales tax department have unearthed a Rs 13 crore tax fraud case involving two subsidiaries of a co ...
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HC directed to release seized goods & vehicle on furnishing of bond equal to amount of tax & penalty- Allahabad HC

15 Jan

HC directed to release seized goods & vehicle on furnishing of bond equal to amount of tax & penalty- Allahabad HC
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Diesel engine and gear box supplied for use in fishing vessel, ships, boat, etc., attract 5% GST- Kerala AAR

15 Jan

Diesel engine and gear box supplied for use in fishing vessel, ships, boat, etc., attract 5% GST- Kerala AAR
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Builders and home buyers are trying to understand the best deal for them under the new Goods and Services Tax (GST) rates for ongoing projects and it seems to be turning into a double-edged sword for some.

12 Jan

Builders and home buyers are trying to understand the best deal for them under the new Goods and Services Tax (GST) rates for ongoing projects and it ...
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Government is considering ways to provide For Rail Component Makers Saddled With Unused Tax Credit

12 Jan

The government is considering ways to provide relief to the makers of railway components, according to a senior official, as such vendors have seen th ...
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Govt extends last date for filing GSTR-1 for March till April 13.Similarly, the due date for furnishing tax deducted at source (TDS) return GSTR-7 for March has also been extended till April 12.

11 Jan

The government Wednesday extended the last date for filing final sales return form GSTR-1 for March by two days till April 13. Similarly, the due date ...
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A student of a city-based school has launched an online campaign seeking removal of GST levied on the equipment, including wheelchairs, crutches and hearing aides, used by divyang people

11 Jan

A student of a city-based school has launched an online campaign seeking removal of GST levied on the equipment, including wheelchairs, crutches and h ...
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The companies engaged in manufacturing wagons and other equipment for railways are pressing for rationalisation of the GST regime by allowing input tax credit on supplies made to Indian Railway

11 Jan

The companies engaged in manufacturing wagons and other equipment for railways are pressing for rationalisation of the GST regime by allowing input ta ...
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GST to be charged by lessor on electricity and water charges collected from tenant on actual basis- Maharashtra AAR

11 Jan

GST to be charged by lessor on electricity and water charges collected from tenant on actual basis- Maharashtra AAR
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Turbine Generator set supplied for use in ‘waste-to-energy project’ would attract 5% GST- AAAR Karnataka

11 Jan

Turbine Generator set supplied for use in ‘waste-to-energy project’ would attract 5% GST- AAAR Karnataka
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Diamond merchants from Surat claim huge decline in business due to the implementation of GST and are now opposing the government for bringing the taxation scheme.

10 Jan

Diamond merchants from the city are claiming to be bearing the brunt of GST, even after more than a year of its implementation.Traders say they are fa ...
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GST Council working on possible changes, there will be a continuation of GST reforms regardless of who forms the government

10 Jan

Top finance ministry officials said they have been working on the premise that more goods currently in the 28 per cent luxury bracket would be brought ...
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GST under RCM must be paid as per section 9(4) of CGST Act for the period 01.07.2017 to 12.10.2017-Famous Studios Ltd. [2019] 104 taxmann.com 122 (AAR - MAHARASHTRA)

10 Jan

GST under RCM must be paid as per section 9(4) of CGST Act for the period 01.07.2017 to 12.10.2017-Famous Studios Ltd. [2019] 104 taxmann.com 122 (AAR ...
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Geared Motor combination of gear box & electric motor classified under heading 8501, GST @18% applicable-Premium Transmission (P.) Ltd. [2019] 104 taxmann.com 124 (AAR - MAHARASHTRA)

10 Jan

Geared Motor combination of gear box & electric motor classified under heading 8501, GST @18% applicable-Premium Transmission (P.) Ltd. [2019] 104 ...
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With the new fiscal year kicking off, home buyers are a confused lot, with many having a tough time with recently revised Goods and Services Tax (GST) calculations

10 Jan

With the new fiscal year kicking off, home buyers are a confused lot, with many having a tough time with recently revised Goods and Services Tax (GST) ...
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SIAM Urges Government To Reduce GST On passenger vehicles and two-wheelers from 28 percent to 18 percent

09 Jan

The automobile industry has approached the government to reduce the goods and service tax on passenger vehicles and two-wheelers from 28 percent to 18 ...
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Huge burden for players in farm produce who take warehouses on rent as part of their collateral management business as warehouses comes under GST net

09 Jan

The move by the government to bring warehouses under the Goods and Services Tax (GST) net is likely to have a major impact on players in the organised ...
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GST officers have started seeking clarification from companies whose tax payments did not match with the e-way bills generated

08 Jan

GST officers have started seeking clarification from companies whose tax payments did not match with the e-way bills generated, as revenue authorities ...
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CBIC has given service providers with turnover of up to Rs 50 lakh time till April 30 to opt for the composition scheme and pay 6 per cent GST.

08 Jan

The tax department has given service providers with turnover of up to Rs 50 lakh time till April 30 to opt for the composition scheme and pay 6 per ce ...
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Council to review Food Aggregators' GST woes: Aggregators are unable to show tax collected at source (TCS) from restaurants using their platform, thereby preventing the partner restaurants from claiming credit

08 Jan

Online food aggregators such as Zomato, Swiggy and UberEats are facing a curious issue in goods and services tax (GST) compliance, prompting a review. ...
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Civil Aviation minister Suresh Prabhu said ATF should be brought under GST regime to level the field

08 Jan

Civil Aviation minister Suresh Prabhu said ATF should be brought under GST regime to level the field
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The Goods and Services Tax (GST) council may consider multiple price thresholds for defining `affordable housing’ across states rather than setting a uniform nation-wide classification.

06 Jan

The Goods and Services Tax (GST) council may consider multiple price thresholds for defining `affordable housing’ across states rather than setting a ...
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ITC on passenger vehicles shall be available when those are leased to vendors on rent-Narsingh Transport - [2019] 104 taxmann.com 86 (AAR - MADHYA PRADESH)

06 Jan

ITC on passenger vehicles shall be available when those are leased to vendors on rent-Narsingh Transport - [2019] 104 taxmann.com 86 (AAR - MADHYA PRA ...
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Bus Body Building’ on chassis, on job work basis is a ‘service’ covered under Heading 9988 taxable @ 18%-Kondody Autocraft (India) (P.) Ltd. - [2019] 104 taxmann.com 34 (AAR - KERALA)

06 Jan

Bus Body Building’ on chassis, on job work basis is a ‘service’ covered under Heading 9988 taxable @ 18%-Kondody Autocraft (India) (P.) Ltd. - [2019] ...
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The chairman and managing director of Kushal Group, an Ahmedabad-based conglomerate, has been arrested for allegedly availing Rs 88.78 crore input tax credit (ITC) using fake invoices

05 Jan

The chairman and managing director of Kushal Group, an Ahmedabad-based conglomerate, has been arrested for allegedly availing Rs 88.78 crore input tax ...
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Two contradictory rulings raise scope of litigation for alcohol manufacturers, Maharashtra and Karnataka advance ruling authorities have delivered contradictory ruling on the levy of goods and services tax (GST) on payments made by breweries to the brand owners.

05 Jan

In a move which could raise the scope of litigation for alcohol manufacturers, Maharashtra and Karnataka advance ruling authorities have delivered con ...
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Finance Minister Arun Jaitley on Thursday said Lowering GST rate on cement next on agenda

05 Jan

Finance Minister Arun Jaitley on Thursday said the GST (Goods and Services Tax) Council has cut tax rates on consumption items to 12 or 18 per cent fr ...
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Supply of goods and services under tour packages with separate invoices attracts GST at their respective rates- Kerala Forest Development Corporation Ltd. - [2019] 104 taxmann.com 42 (AAR - KERALA)

05 Jan

Supply of goods and services under tour packages with separate invoices attracts GST at their respective rates- Kerala Forest Development Corporation ...
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Hostel accommodation service by trust to students is not a ‘Charitable Activity’, GST is applicable Students' Welfare Association - [2019] 103 taxmann.com 449 (AAR - MAHARASHTRA)

05 Jan

Hostel accommodation service by trust to students is not a ‘Charitable Activity’, GST is applicable Students' Welfare Association - [2019] 10 ...
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Karnataka commercial taxes department to physically verify registered taxpayers under GST

05 Jan

Karnataka commercial taxes department to physically verify registered taxpayers under GST
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GST law has carved out a special valuation mechanism for related party transactions.

04 Jan

The GST law has carved out a special valuation mechanism for related party transactions. It requires the value (supply) of related party transactions ...
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Original works contract pertaining to Railways provided by main-contractor or sub-contractor attracts 12% GST -Assistant Commissioner Central Tax - [2019] 103 taxmann.com 448 (AAAR-MAHARASHTRA)

04 Jan

Original works contract pertaining to Railways provided by main-contractor or sub-contractor attracts 12% GST -Assistant Commissioner Central Tax - [2 ...
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Resident providing ‘Management Consultancy Services’ directly to his foreign clients is not an ‘intermediary’-Thomas Joseph Nellissery - [2019] 104 taxmann.com 8 (AAR - KERALA)

04 Jan

Resident providing ‘Management Consultancy Services’ directly to his foreign clients is not an ‘intermediary’-Thomas Joseph Nellissery - [2019] 104 ta ...
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Ahmedabad Firm's Head Arrested For Rs. 88 Crore GST Evasion by raising fraudulent invoices, officials said Tuesday.

03 Jan

A local firm's promoter has been arrested for allegedly evading Goods and Services Tax (GST) worth Rs. 88 crore by raising fraudulent invoices, offici ...
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Authority for Advance Rulings (AAR), Tamil Nadu has held that Lower GST @ 5% will be applicable to Unstitched Three-Piece Salwar / Churidar Sets

03 Jan

The Authority for Advance Rulings (AAR), Tamil Nadu has held that a salwar/churidar-kurta set comprising three pieces, top, bottom and dupatta which a ...
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Real estate firms have time till May 10 to opt for old GST rates with input tax credit, failing which they will be deemed to have migrated to new tax rates

03 Jan

Real estate firms have time till May 10 to communicate to their respective jurisdictional officers whether they want to continue with the old GST rate ...
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GST collections in March crossed Rs 1 lakh Cr mark

02 Jan

The financial year 2018-19 (FY19) ended on a happy note on the goods and services tax (GST) front. At Rs 1.06 trillion, the government has announced t ...
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Traders with a turnover limit of Rs 40 lakh per annum can get themselves de-registered from Goods and Service Tax (GST)

02 Jan

Traders with a turnover limit of Rs 40 lakh per annum can get themselves de-registered from Goods and Service Tax (GST)
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Power loom weavers are against Goods and Services Tax (GST) department after it raised interest demand of 18% on Rs 650 crore worth of input tax credit (ITC)

02 Jan

Power loom weavers in the country’s largest man-made fabric (MMF) hub in the city are up in arms against Goods and Services Tax (GST) department after ...
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GST return forms from April 1- Sahaj and Sugam - has been deferred

01 Jan

The pilot project envisaged for rolling out simplified monthly GST return forms from April 1 has been deferred and the new forms would be made availab ...
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CBIC has provided a relief to businesses in terms of using credit in any order in the goods and services tax system towards tax payment.

01 Jan

Reversing its February notification, the central board of indirect taxes and customs (CBIC) has provided a relief to businesses in terms of using cred ...
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DCDRF (District Consumer Disputes Redressal Forum) penalised the e-market portal (Myntra) for charging GST on discounted item

01 Jan

The District Consumer Disputes Redressal Forum, Mohali, penalised the managements of e-market portal Myntra Designs Private Limited and Coracle Market ...
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New rule '88A' has inserted by government, that clarifies that the input of IGST has to be first used against output of IGST and balance against either CGST or SGST as per the dealer’s requirement.

01 Jan

In the notification, government inserts new rule 88A that clarifies that the input of IGST has to be first used against output of IGST followed by set ...
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Many exporters have come under the taxman’s lens for claiming double benefits on GST

30 Jan

Many exporters have come under the taxman’s lens for claiming tax credit for the same export twice under the inverted duty structure. Those who have r ...
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CBIC circular instructed that the officers should exercise due caution while processing the applications for New GST Registrations

30 Jan

The CBIC circular instructed that the officers should exercise due caution while processing the application for registration submitted by the taxpayer ...
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Central GST & Customs offices of Hyderabad Zone (throughout the State of Telangana) will remain open on 30th & 31st March, 2019 (Saturday & Sunday)

30 Jan

All the offices of Central GST & Customs of Hyderabad Zone (throughout the State of Telangana) will remain open on 30th & 31st March, 2019 (Sa ...
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CBIC has extended the due date for furnishing of FORM GST ITC-04 for the period July 2017 to March 2019 till 30th June 2019 in respect of Goods dispatched to a Job Worker

29 Jan

The Central Board of Indirect Taxes and Customs ( CBIC ) has extended the due date for furnishing of FORM GST ITC-04 for the period July 2017 to March ...
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India is eyeing several changes in e-way bill system ranging from auto calculation of distance for movement of goods to barring businesses from generating multiple e-way bills based on one invoice to contain GST evasion

29 Jan

India is eyeing several changes to the electronic-way bill system, ranging from auto calculation of distance for movement of goods to barring business ...
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GST Authority clarifies through a circular that the transferee or the successor, will be liable to be registered with effect from the date of such transfer or succession on change/transfer in ownership of sole proprietorship

29 Jan

A circular issued by the Central Board of Indirect Taxes and Customs (CBIC) mentioned that the transferee or the successor, will be liable to be regis ...
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ITC in respect of transportation of non-taxable goods (Petrol) shall not be available to Indian Oil Corp Ltd. Indian Oil Corporation Ltd. - [2019] 103 taxmann.com 391 (AAAR-WEST BENGAL)

29 Jan

ITC in respect of transportation of non-taxable goods (Petrol) shall not be available to Indian Oil Corp Ltd. Indian Oil Corporation Ltd. - [ ...
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Consideration for delayed payment of an exempted supply is exempt under GST TP Ajmer Distribution Ltd. - [2019] 103 taxmann.com 227 (AAAR-RAJASTHAN)

29 Jan

Consideration for delayed payment of an exempted supply is exempt under GST TP Ajmer Distribution Ltd. - [2019] 103 taxmann.com 227 (AAAR-RAJ ...
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The Gujarat High Court has granted an interim order allowing release of the vehicle seized by the GST department since notice issued prima facie do not comply the requirements of section 129 of the Act.

28 Jan

The Gujarat High Court has granted an interim order allowing release of the vehicle seized by the GST department under sections 129 and 130 of the CGS ...
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The filing of the first annual return for FY 2017-18 is due in roughly three months, last date has been extended to June 30, 2019

28 Jan

The filing of the first annual return for FY 2017-18 is due in roughly three months. It covers a period of nine months from July 2017 to March 2018, a ...
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Caterers want 18% GST currently being levied on outdoor and industry catering services must be brought down to 5%

27 Jan

The 18% GST currently being levied on outdoor and industry catering services must be brought down to 5% to ensure the already-fragmented sector does n ...
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Changes in e Way Bill: Now the distance calculations will be calculated according to the addresses of the suppliers and the receiver

27 Jan

Now the distance calculations will be calculated according to the addresses of the suppliers and the receiver. Users will be able to show 10 percent d ...
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Airlines have been lobbying hard to bring aviation turbine fuel (ATF) within the GST

26 Jan

The Jet Airways impassed has once again brought high aviation fuel prices into the limelight.Airlines have been lobbying hard to bring aviation ...
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Centre’s electrification policy, GST roll-out has helped Usha Fans to improve its sales,

26 Jan

Significant improvement in availability of electricity, even in interior pockets, coupled with the roll-out of the Goods and Services Tax (GST), has h ...
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31 March is crucial for settling many tasks related to GST for the last few days of the financial year.such as joining the composition scheme from April 1, 2019, continuing zero-rated exports under the Letter of Undertaking

26 Jan

Deadline for multiple Compliance including joining the composition scheme from April 1, 2019, continuing zero-rated exports under the Letter of Undert ...
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Industries against 18% tax on job-working engineering units as it had pushed several micro and small industries out of business.

25 Jan

The 18% GST on job-working engineering units had pushed several micro and small industries out of business. The units need to pay the tax every month. ...
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Government has assured to reduce corporate tax to 25 per cent from 30 per cent once the goods and services tax (GST) collections improve,

25 Jan

The government has assured to reduce corporate tax to 25 per cent from 30 per cent once the goods and services tax (GST) collections improve, said ind ...
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Tax officials looking at different strategies to restrain threats of Fake invoices to evade GST

25 Jan

Tax officials at both the Centre and States have regularly been busting such rackets “This is just the tip of the iceberg,” said an official, who did ...
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Government has extended IGST and compensation cess exemptions for goods procurement under certain export promotion schemes till March 2020

23 Jan

Giving relief to exporters, the government has extended IGST (Integrated Goods and Service Tax) and compensation cess exemptions for goods procurement ...
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Back-office operations to be considered as export of services, rules Maharashtra Authority for Advance Rulings (AAR-Maha)

23 Jan

In an interesting development the Maharashtra Authority for Advance Rulings (AAR-Maha) seems to have held divergent views on taxability (Goods & S ...
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NCLAT held that statutory dues including income tax and value added tax or GST tax come within the purview of " operational creditors"

23 Jan

NCLAT held that statutory dues including income tax and value added tax or GST tax come within the purview of " operational creditors"
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ITC on inward supply of ambulance, being a motor vehicle, is not admissible Though It is Obligatory under Factories Act, says AAR

22 Jan

The authority noted that the second proviso to section 17(5)(b) of the GST Act, as it stands post amendment effective from 01/02/2019, is not applicab ...
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GST Council's plan for real estate sector may not find many takers as per industry experts

22 Jan

The Goods and Services Tax (GST) Council’s decision to give developers the power to choose between the old and new tax rates might not find many taker ...
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Finance minister Arun Jaitley supports GST council-like structure for healthcare, agriculture

22 Jan

Finance minister Arun Jaitley argued a case for setting up GST Council-like federal institutions to promote healthcare, rural development and agricult ...
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MRF can avail input tax credit only to the extent of the invoice value raised by the suppliers

20 Jan

MRF approached the ARA to check if it legally could avail of the input tax credit on the entire GST charged on the supply of invoice. Or if a proporti ...
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CBIC issued a useful circular clarifying various doubts regarding sales promotion schemes under goods and services tax (GST) regime.

20 Jan

The Central Board of Indirect Taxes and Customs (CBIC) has issued a useful circular clarifying various doubts regarding sales promotion schemes under ...
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Residential buildings not completed before March 31, 2019, have the option to choose between the old goods and service tax (GST) and the new regime announced last month.

20 Jan

All residential buildings not completed before March 31, 2019, will have the option to choose between the old goods and service tax (GST) and the new ...
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Goods and Services Tax (GST) Council will discuss and finalise the rules, under which the new rate structure on under-construction houses will be implemented

19 Jan

In its 34th meeting scheduled Today, the Goods and Services Tax (GST) Council will discuss and finalise the rules, under which the new rate structure ...
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GST Council to decide on Regional Benches for GST Tribunal

19 Jan

GST Council to decide on Regional Benches for GST Tribunal
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Goods and Services Tax (GST) Council to announce new rules for real estate on Tuesday

18 Jan

Federal indirect tax body the Goods and Services Tax (GST) Council will on Tuesday announce new rules on how far builders can make use of credit for t ...
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Restaurant-cum-sweet shops are better maintaining two set of GST accounts, says AAAR

18 Jan

Separate books must to be maintained for billings and accounting records’Restaurant-cum-sweet shops are better off maintaining two books of accounts f ...
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11.52 crores of GST stolen in matches of IPL / tournament on complimentary tickets of matches held in jaipur

18 Jan

M/s Royal Multi Sports Pvt. The scrutiny of the documents submitted came to light that Rs 11.62 crore GST has been stolen from the rate of 28% on thes ...
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Tamil Nadu Authority of Advance Ruling (AAR) has held that conducting marathons by charitable trusts does not exempt them from GST liability

16 Jan

In a setback to several charitable institutions, the Tamil Nadu Authority of Advance Ruling (AAR) has held that conducting marathons by a charitable t ...
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companies are free to offer volume benefit or price reduction to consumers, in the wake of rationalisation of GST rates.

16 Jan

The National Anti-Profiteering Authority (NAA) Friday said companies are free to offer volume benefit or price reduction to consumers, in the wake of ...
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GST council to clarify next week whether builders can claim ITC for material bought before April 1

16 Jan

Real estate developers have sought clarity on how the new rates will be calculated since projects were at various stages of construction. Technically, ...
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ICAI mandates Unique Document Identification Number ( UDIN ) for GST & Tax Audit Reports

15 Jan

The Institute of Chartered Accountants of India (ICAI) has announced that in the second phase, the Unique Document Identification Number ( UDIN ) woul ...
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anti-profiteering authority is set to fine coffee chain Starbucks for not reducing prices of its products after the Goods and Services Tax rate cut.

15 Jan

The anti-profiteering authority is set to fine coffee chain Starbucks for not reducing prices of its products after the Goods and Services Tax rate cu ...
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Gold biscuits worth Rs 2 crore seized by Shillong Customs at Myanmar border

15 Jan

Gold biscuits worth Rs 2 crore seized by Shillong Customs at Myanmar border
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Central Governmentnotifies the creation of the National Bench of the Goods and Services Tax Appellate Tribunal (GSTAT) at New Delhi, with effect from 13-03-2019

15 Jan

Central Governmentnotifies the creation of the National Bench of the Goods and Services Tax Appellate Tribunal (GSTAT) at New Delhi, with effect ...
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Election commission approves GST council meeting to be hold on March19

14 Jan

Election commission approves GST council meeting to be hold on March19
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GST officials detects Tax Fraud of Rs 224 CR by a group of 8 companies

14 Jan

GST officials detects Tax Fraud of Rs 224 CR by a group of 8 companies
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Taxpayers can now view, download month-wise report on liability declared, credit claimed on GST portal

14 Jan

Goods and Services Tax Network (GSTN), the IT backbone of GST, on Tuesday announced unveiling of a facility that will allow taxpayers to view and down ...
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Trading of priority sector lending certificates (PSLCs) on the government’s e-Kuber portal by banks will attract integrated goods and services tax (IGST).

14 Jan

Trading of priority sector lending certificates (PSLCs) on the government’s e-Kuber portal by banks will attract integrated goods and services tax (IG ...
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GST exemption has been granted to the Security and Scavenging Services to the hospital under the Government.

13 Jan

The Authority for Advance Rulings (AAR), West Bengal has held that no GST exemption has been granted to the Security and Scavenging Services to the ho ...
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Businesses registered under GST can now compare the tax liability declared as well as input tax credit claimed in their Final and Summary GST returns forms: GSTN

13 Jan

The GST Network on Tuesday said businesses registered under GST can now compare the tax liability declared as well as input tax credit claimed in thei ...
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GST council restrict the use of tax credits accumulated by builders and allow a concessional rate for up to 10% of commercial property,such as shops, in residential complexes, expecting developers to slash prices.

13 Jan

GST council restrict the use of tax credits accumulated by builders and allow a concessional rate for up to 10% of commercial property,such as shops, ...
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(GST) Council is scheduled to meet on March 19 to finalise real estate tax structure

12 Jan

In a first-of-its-kind meeting of a federal forum in the midst of the code of conduct of general elections, the Goods and Services Tax (GST) Council i ...
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GST Dept unearthed fake GST Firms racket operating simultaneously in New Delhi and Jammu and Kashmir and seized Rs. 40 lakhs.

12 Jan

The State Taxes Department has unearthed fake GST Firms racket operating simultaneously in New Delhi and Jammu and Kashmir and seized Rs. 40 lakhs. “O ...
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Federation of Automobile Dealers Associations (Fada) demands Govt must roll back new GST changes

12 Jan

Seeking a rollback of the amendments in the GST Act, the automobile dealers body Federation of Automobile Dealers Associations (Fada) has said the cha ...
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Suppliers under composition scheme to issue tax invoice as per latest CBIC order

12 Jan

The Central Board of Indirect Taxes and Customs (CBIC) has issued an order clarifying that the intra-State suppliers of goods and services to whom the ...
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GST cut : Government expects real estate developers to reduce prices

12 Jan

GST cut : Government expects real estate developers to reduce prices
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No GST on Pharma samples and gifts and no ITC on samples

11 Jan

The clarity in this regard comes 2 years after GST was implemented after several recommendations from the industry on the issue. Companies in the FMCG ...
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Maharashtra promulgated an Ordinance on March 6 takes lead to clear pre-GST cases

11 Jan

The government of Maharashtra promulgated an Ordinance on March 6, notifying a scheme for settlement of tax arrears, as a logical follow on to its sta ...
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Expensive cars, jewellery to become cheaper CBIC has said that the TCS amount would be excluded from the value of goods for computing GST liability.

11 Jan

In a relief to buyers of high-value cars and jewellery, the CBIC has said that the TCS amount would be excluded from the value of goods for computing ...
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Finance Ministry notifies April 1 as the date for implementation of increased GST exemption limit to Rs 40 lakh

08 Jan

The government Thursday notified April 1 as the date for the implementation of doubling of GST exemption limit to Rs 40 lakh, which will benefit small ...
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No separate GST on additional products offered under sales promotion schemes

08 Jan

Promotional schemes such as ‘buy one get one free’ (BOGO) and additional quantity for the same price will be eligible for input tax credit, the govern ...
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Finance Ministry notifies April 1 as date for availing higher turnover limit of Rs 1.5 cr for availing composition scheme

08 Jan

the effective date for availing higher turnover cap of Rs 1.5 crore for availing composition scheme by traders has also been fixed as April 1.
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service providers and suppliers of both goods and services with a turnover of up to Rs 50 lakh would be eligible to opt for the GST composition scheme

08 Jan

service providers and suppliers of both goods and services with a turnover of up to Rs 50 lakh would be eligible to opt for the GST composition scheme ...
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Punjab cabinet relaxes GST to boost industrial development in the state

07 Jan

In a move to boost industrial development in the state, the Punjab Cabinet on Wednesday approved an amendment to the Goods and Services Tax (GST) ince ...
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Anti-Profiteering body fined Abbott healthcare Rs 96 lakh for profiteering from GST

07 Jan

The anti-profiteering body has held that US pharmaceutical company Abbott Healthcare did not pass on the benefits of the goods and services tax to cus ...
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Government has promised to lower corporate tax rate to 25 per cent for all companies once Goods and Services Tax (GST) mop-up improves: FICCI

06 Jan

The government has promised to lower corporate tax rate to 25 per cent for all companies once Goods and Services Tax (GST) mop-up improves, Ficci Pres ...
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Gujarat high court held that company's directors A/c cannot be provisionally attached by GST department for recovery under GST

06 Jan

The Gujarat High Court has held that the Goods and Service Tax ( GST ) Department cannot provisionally attach bank accounts of directors of the compan ...
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Promoters of several companies arrested after tax official raided companies suspected of circular trade

06 Jan

Suspecting companies of evading goods and services tax (GST), tax officials have started going after companies that are into circular trading, and arr ...
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GST practitioner arrested by directorate general of GST intelligence (DGGI) for allegedly running a fake invoice racket.

04 Jan

A GST practitioner was arrested by the sleuths of the directorate general of GST intelligence (DGGI) for allegedly running a fake invoice racket. ...
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Kerala hopes to get support in GST council in proposal for uniform GST rate on lottery

04 Jan

Kerala hopes to get support in GST council in proposal for uniform GST rate on lottery
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GST collections in February dropped to Rs 97,247 crore

02 Jan

GST collections in February dropped to Rs 97,247 crore in February from Rs 1.02 lakh crore in the previous month, the Finance Ministry said on March 1 ...
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National Real Estate Development Council (NAREDCO), has written to the Ministry of Housing and Urban Affairs seeking clarity on GST exemption on development rights

01 Jan

Realty developers are seeking clarity on recent exemption offered from the goods & services tax (GST) levied on development rights, including tran ...
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Jammu and Kashmir Government on Thursday issued order on ‘removal of difficulties’ in GST implementation

01 Jan

Jammu and Kashmir Government on Thursday issued order on ‘removal of difficulties’ in GST implementation
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GST evasion of Rs 20,000 cr detected by Govt in April-Feb

28 Jan

GST evasion of Rs 20,000 cr detected by Govt in April-Feb
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GST rate cut in real estate sector is likely to encourage generation of black money

28 Jan

The timing of the decision to slash GST on affordable housing has its own logic. The demand for cash or black money increases in the run-up to an elec ...
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Too many rates of GST introduced - 0%,0.25%,1%,3%,5%,12%,18%,28% instead of two rates planned in the beginning

28 Jan

Before the GST was introduced, the government set up a panel under the then Chief Economic Adviser, Arvind Subramanian, to come up with a suitable rat ...
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GST rate cuts to boost sales of under construction flats, no ITC may hit builder's profit margin

28 Jan

GST rate cuts to boost sales of under construction flats, no ITC may hit builder's profit margin
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Records of Ludhiana yarn firms seized by GST team for taking ITC based on fake invoices

27 Jan

The Director General of GST Intelligence (DGGI), Delhi, which in coordination with other teams of the DGGI of Northern India, had conducted surveys on ...
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GST council preparing to integrate e-way bills with GST returns

26 Jan

GSTN along with GST Council is steadily paving the way for a smooth transition into the GST 2.0 - the newly proposed GST Return filing system to be in ...
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GST shall be levied at effective GST rate of 5% w/o ITC on residential properties outside affordable segment w.e.f 1st April, 2019

25 Jan

A residential house/flat of carpet area of upto 90 sqm in non-metropolitan cities/towns and 60 sqm in metropolitan cities having value upto Rs. 45 lac ...
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GST shall be levied at effective GST rate of 1% w/o ITC on affordable housing properties w.e.f 1st April, 2019

25 Jan

A residential house/flat of carpet area of upto 90 sqm in non-metropolitan cities/towns and 60 sqm in metropolitan cities having value upto Rs. 45 lac ...
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Intermediate tax on development right, such as TDR, JDA, lease (premium), FSI (Floor Space Index) shall be exempted only for such residential property on which GST is payable.

25 Jan

Intermediate tax on development right, such as TDR, JDA, lease (premium), FSI (Floor Space Index) shall be exempted only for such residential property ...
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Ice cream, tobacco, pan masala, to be excluded from higher threshold limit for mandatory registration

23 Jan

Ice cream, tobacco, pan masala, to be excluded from higher threshold limit for mandatory registration
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GSTR filing to get easier with 8 new features at GST Portal

23 Jan

Following are some of updates on GST portal:TDS/TCS Credit available for utilisationE-way bill data can be imported for GSTR-1List of preferred banks ...
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No ITC on inputs used for maintenance of townships and guest houses for its employees under the goods and services tax (GST) regime : Odisha

23 Jan

Companies incurring expenditure on inputs used for maintenance of townships and guest houses for its employees will not get input tax credit under t ...
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Employer share reduced to 4% and Employee share reduced to 1% under E.S.I.C. Contribution w.e.f. 15th Feb,2019

22 Jan

Employer share reduced to 4% and Employee share reduced to 1% under E.S.I.C. Contribution w.e.f. 15th Feb,2019
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Industrial space leasing in India reports a record growth of 40% in 2018 due to GST

22 Jan

Federal indirect tax body, the Goods and Services Tax (GST) Council, on Wednesday deferred a decision on lowering the tax rate on under-construction p ...
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AMB Cinemas receive notice for reportedly selling tickets at higher rates despite the reduced tax rate: GST Norms violated

22 Jan

AMB Cinemas receive notice for reportedly selling tickets at higher rates despite the reduced tax rate: GST Norms violated
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GST Council's 33rd Meeting held on Feb 20,2019 adjourned to Feb 24, 2019 for physical meeting: Discussions on Lottery and Real Estate

21 Jan

GST Council's 33rd Meeting held on Feb 20,2019 adjourned to Feb 24, 2019 for physical meeting: Discussions on Lottery and Real Estate
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Ease the rules of Angel Tax since there are other ways to check money laundering

21 Jan

Ease the rules of Angel Tax since there are other ways to check money laundering
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GST scandal- Fraud of Rs 141 crore which states on records that "Shyam Sales Corporation had purchased raw material of Rs 141 crore from 12 Odisha-based companies that actually don't exist" unearthed by DGGSTI, Central GST and Excise department of Raipur.

21 Jan

GST scandal- Fraud of Rs 141 crore which states on records that "Shyam Sales Corporation had purchased raw material of Rs 141 crore from ...
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Any ITC relating to Fy 17-18 can also be taken till the due date of furnishing GSTR-3B for the month of March 2019 subject to the conditions that the invoices have been uploaded by the supplier till due date of furnishing of GSTR-1 for the month of March 2019

21 Jan

Any ITC relating to Fy 17-18 can also be taken till the due date of furnishing GSTR-3B for the month of March 2019 subject to the conditions that the ...
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Warehouse being constructed is an immovable property - Input Tax credit is, therefore, not admissible on the inward supplies for construction of the said warehouse: AAR

20 Jan

Warehouse being constructed is an immovable property - Input Tax credit is, therefore, not admissible on the inward supplies for construction of the ...
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An assessee should be allowed to revise or rectify TRAN-2 form particularly when TRAN-1 forms are allowed to be revised or rectified- Petitioner to file a revised Form GST TRAN-2: HC

20 Jan

An assessee should be allowed to revise or rectify TRAN-2 form particularly when TRAN-1 forms are allowed to be revised or rectified- Petitioner to ...
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Single E-Way Bill can consists of multiple no. of invoices: HC

20 Jan

Single E-Way Bill can consists of multiple no. of invoices: HC
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The GST Council has extended the GSTR-3B Due date for the month of January 2019 by two days to 22nd February 2019;8 days for J&K

20 Jan

The GST Council has extended the GSTR-3B Due date for the month of January 2019 by two days to 22nd February 2019;8 days for J&K
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Group of Ministers recommends a uniform tax on lottery, rate to be decided by GST council on Feb 20

19 Jan

A state ministerial panel set up to review tax rate on lottery favoured a uniform GST rate of either 18 per cent or 28 per cent -- a final call on whi ...
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Delhi HC issues notices to GST Council, CBIC on order against Excel Rasayan

19 Jan

The Delhi High Court has issued notices to the GST Council, the department of revenue, national anti-profiteering authority (NAA), Central Board of In ...
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Union Government pulled up by Comptroller and Auditor General of India for cess utilisation

19 Jan

The Union government has been pulled up by the Comptroller and Auditor General of India (CAG) for deficiencies in collecting cess and utilising it for ...
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India hikes Customs Duty to 200% on Goods from Pakistan

18 Jan

India hikes Customs Duty to 200% on Goods from Pakistan as notified under Not. no 05/2019-Cus dated 16th Feb,2019
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Any shortage in recovery target of Indirect Tax Official's arrears will be taken seriously and may reflect in APAR

18 Jan

Any shortage in recovery target of Indirect Tax Official's arrears will be taken seriously and may reflect in APAR
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18 States and two UTs revise the annual GST threshold limit from RS20 lakhs to 'RS40 lakhs

18 Jan

18 States and two UTs revise the annual GST threshold limit from RS20 lakhs to 'RS40 lakhs
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A committee to be set up by the Revenue Department to deal with bogus e-way bills and fake invoices

18 Jan

A committee to be set up by the Revenue Department to deal with bogus e-way bills and fake invoices
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Qatar wishes natural gas to be included in GST by India

12 Jan

India's largest LNG supplier Qatar urged the central government to include natural gas in GST to help create demand for the environment friendly fuel& ...
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GST Amendment Does Not Take Away Power Of States To Proceed Against Pre-Existing VAT Liability : Kerala HC

08 Jan

Dismissing a batch of writ petitions, the High Court of Kerala has repelled the challenge to the constitutional validity of Section 174 of the Keral ...
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GST Software Loopholes: Claiming ITC using fake invoices

08 Jan

The Goods and Services Tax department recently unearthed a scam of Rs 230 crore in Tamil Nadu and suspected that the evasion is due to the loopholes ...
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Compliance with Anti Profiteering provisions: An Unending Dilemma

07 Jan

Businesses still await the formulation of standard guidelines for compliance with anti-profiteering provisions under the GST regime. Even after 25 o ...
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Lowest growth in GST revenue collection from developed states

06 Jan

The most urbanised and industrialised states in India are showing the lowest growth in state goods and services tax (GST) revenue collection in 2018 ...
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DOT asks for relief to Telcos & bring down import duties

06 Jan

The Department of Telecommunications (DoT) has asked the finance ministry to offer some GST-related relief to telcos and to bring down import duties ...
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Sending out notices to Wakf Boards for Non-Payment of GST & Service tax

06 Jan

Tax officials have started sending out notices to various Wakf boards for not paying service tax and GST on rent received from properties being used ...
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Gujarat HC strikes down restrictive provision for export sops under GST

06 Jan

In a major relief for exporters, the Gujarat high court has struck down the constitutional validity of a provision under the goods and services tax ...
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Customer complian against Jubilant Foodworks for not passing GST benefit

05 Jan

Jubilant FoodWorks Ltd., the operator of Domino’s Pizza chain in India, has been found guilty of not passing on the goods and services tax cut benef ...
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Telcos seek GST waiver on payments to govt, Rs 35K-cr input credit adjustment

05 Jan

Telecom firms, barring Reliance Jio, have asked the government to waive GST on spectrum payments and other levies, while adjusting accumulated tax c ...
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Interim Budget:Full benefits of GST reforms should start accruing from 2020-21

04 Jan

“Accrual of the full benefit of GST reforms and revenues is expected to take some more time and, therefore, the stabilisation phase is expected to c ...
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Now, Section 9 (4) of the CGST Act prescribes that categories of registered recipients for whom RCM would apply and the nature of goods and services for which such RCM would be applicable, is to be notified by the Government.

01 Jan

As per Section 9 (4) of the Read more

Certain amendments have been made in Section 10, whereby a supplier of goods, who is also involved in supply of any services would also be entitled to opt for Composition scheme.

01 Jan

As per Section 10 (1) of the CGST Act, composition scheme is applicable to those registered persons, whose aggregate turnover in the preceding finan ...
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Now as per Section 17 (5) when a taxable person buys a van or a bus, having a seating capacity of more than 13 for transportation of its personnel, ITC can now be availed.

01 Jan

Sub section (5) of Section 17 deals with the goods or services or both, for which ITC is not eligible and certain amendments have been made in the s ...
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Separate registration without the requirement of being separate business vertical

01 Jan

Under the unamended provisions, an entity shall obtain only a single registration for all its places of businesses in a State. If there are different ...
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Amendment in Section 34 for Consolidated Debit/Credit notes

01 Jan

Section 34 has been amended to enable issue of consolidated Debit Note / Credit Note for several invoices pertaining to a financial year.
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ITC of IGST shall first be utilised to pay IGST and balance if any, shall be utilised to pay CGST, SGST and UTGST, in that order.

01 Jan

Sub section (5) of Section 49 prescribes, in which order the ITC has to be utilised. The following conditions are prescribed. - ITC of IGST shall ...
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Refund of GST paid on supplies made to SEZ units is also subjected to unjust enrichment.

01 Jan

Refund of GST paid on supplies made to SEZ units is also subjected to unjust enrichment.
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Refund for export of services would be entitled even if the consideration is received in INR as permitted by the RBI.

01 Jan

Refund for export of services would be entitled even if the consideration is received in INR as permitted by the RBI.
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