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

11 Aug

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

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

11 Aug

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

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

11 Aug

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

Experts bat Smooth execution of GST filing system without technical glitches

11 Aug

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

Coaching classes are not eligible for GST exemption: AAR

10 Aug

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

CBIC facilitates Functionality to file Revocation Application for cancelled GST Registration

10 Aug

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

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

10 Aug

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

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

08 Aug

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

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

08 Aug

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

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

08 Aug

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

GST Returns data for the year 2017 restored on GST Portal

07 Aug

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

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

07 Aug

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

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

07 Aug

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

Network capacity of GST portal doubled to handle 3 Lakh users

07 Aug

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

Fiscal health of states exposed to key risk

06 Aug

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

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

06 Aug

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

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

05 Aug

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

Delhi HC allows Samsonite to deposit Profiteered Amount within 6 months

05 Aug

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

Tax credit on services under GST allowed by Gujarat HC

04 Aug

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

GST collections drop to Rs 87,422 crore in July

04 Aug

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

Due date for filing GST returns extended

04 Aug

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

GST e-invoicing for businesses notified by CBIC

01 Aug

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

Govt junks new GST return format

01 Aug

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

Gujarat HC reads down Explanation to GST Rule denying Refund

01 Aug

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

CBIC notifies Schema for E-Invoice, SEZ units excluded

31 Aug

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

Centre not obliged to pay for shortfall in GST compensation fund

31 Aug

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

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

31 Aug

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

Pressure on states for GST rate rationalisation

30 Aug

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

GST intelligence unearths role of mafia

30 Aug

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

GST council can take call on borrowing from market

30 Aug

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

GST cess falls 42% short in FY20

29 Aug

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

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

29 Aug

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

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

28 Aug

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

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

28 Aug

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

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

27 Aug

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

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

27 Aug

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

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

27 Aug

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

Racket involved in Rs 150 crore GST evasion unearthed in Surat

25 Aug

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

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

25 Aug

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

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

24 Aug

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

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

24 Aug

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

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

24 Aug

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

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

24 Aug

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

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

23 Aug

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

Directorate General of GST Intelligence detects Rs 72 crore tax evasion

23 Aug

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

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

23 Aug

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

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

22 Aug

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

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

22 Aug

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

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

22 Aug

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

GST recovery orders during lockdown cancelled: Gujarat HC

21 Aug

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

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

21 Aug

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

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

20 Aug

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

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

20 Aug

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

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

20 Aug

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

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

18 Aug

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

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

18 Aug

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

GST collection in West Bengal drops marginally in June

17 Aug

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

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

17 Aug

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

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

16 Aug

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

CBIC issues clarification on GST on Hand Sanitizers.

16 Aug

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

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

16 Aug

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

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

15 Aug

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

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

15 Aug

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

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

15 Aug

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

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

14 Aug

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

GST consensus under strain as revenues dry up in states

14 Aug

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

GST on maintenance is valid: AAR to south Mumbai society

14 Aug

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

Prasad Cinema Penalised by GST Anti-Profiteering Body

13 Aug

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

GST on auto fuels will aid oil firms, customers

13 Aug

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

Gaursons Realtech found guilty of profiteering Rs. 20 Crore

13 Aug

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

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

11 Aug

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

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

11 Aug

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

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

11 Aug

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

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

10 Aug

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

Centre-state ties under strain as revenues dry up

10 Aug

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

Govt moves SC against Bharti Airtel

09 Aug

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

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

09 Aug

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

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

08 Aug

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

18% applicable on GST on Depository Contribution Works

08 Aug

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

Maharashtra AAR ruling provides GST relief to MNCs on expats salary

08 Aug

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

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

07 Aug

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

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

07 Aug

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

No GST on Salary Expenses Accounted to meet Indian Accounting Requirements

06 Aug

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

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

06 Aug

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

GST consensus under strain as revenues dry up in states

06 Aug

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

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

03 Aug

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

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

03 Aug

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

June GST collections stand at Rs 90,917 crore

02 Aug

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

Auto manufacturers demand reduction in GST from 28 to 18%

02 Aug

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

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

01 Aug

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

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

01 Aug

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

Central GST Revenue Drops 70% For March-April

01 Aug

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

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

30 Aug

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

Traders will be able to file GST Return through SMS

30 Aug

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

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

29 Aug

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

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

29 Aug

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

GST Council borrowings for compensation needs to widen general govt debt

27 Aug

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

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

27 Aug

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

CBIC waives off late fee on late GST filing

26 Aug

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

Karnataka taxmen detect 60 GST registrations linked to Chinese national

26 Aug

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

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

25 Aug

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

GST Registration is required for Medical Stores run by Charitable Trust

25 Aug

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

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

24 Aug

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

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

24 Aug

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

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

23 Aug

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

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

23 Aug

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

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

23 Aug

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

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

22 Aug

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

Developed land sold as plots will attract GST

22 Aug

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

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

22 Aug

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

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

20 Aug

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

Now pay GST on purchase of plots too

20 Aug

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

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

20 Aug

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

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

19 Aug

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

GST trouble for aviation, hospitality and travel companies

19 Aug

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

Goods purchased, sold overseas liable to GST in India

19 Aug

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

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

18 Aug

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

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

18 Aug

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

GST late fee waiver unfair, say those who have paid

17 Aug

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

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

17 Aug

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

Officials push for hike in GST levies

16 Aug

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

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

16 Aug

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

Lockdown delays new GST registrations

15 Aug

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

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

15 Aug

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

GST Council Meet: Relief for small taxpayers

13 Aug

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

GST Council halves interest on delayed filing of returns

13 Aug

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

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

13 Aug

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

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

12 Aug

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

Salaries paid to company directors not to attract GST

11 Aug

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

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

11 Aug

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

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

11 Aug

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

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

10 Aug

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

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

10 Aug

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

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

09 Aug

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

Government rolls out faceless customs assessment

09 Aug

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

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

08 Aug

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

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

08 Aug

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

GST Council to meet on June 12

06 Aug

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

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

06 Aug

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

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

05 Aug

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

Rohtak records 67 per cent fall in GST collection

05 Aug

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

GST NAA finds Philips India guilty of profiteering Rs 4.53 lakh

04 Aug

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

GST blow to agriculture-based horse racing industry in Bengaluru

04 Aug

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

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

02 Aug

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

GSTN enables registration functionality for companies under IBC

02 Aug

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

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

01 Aug

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

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

01 Aug

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

Central GST collection falls 87% in April amid lockdown

01 Aug

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

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

30 Aug

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

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

30 Aug

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

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

29 Aug

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

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

29 Aug

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

18% GST applicable on Works Contract for NCBS

29 Aug

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

28% GST is applicable on Retrofitted Vehicle

28 Aug

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

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

28 Aug

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

Consumer companies seek GST cut to help push sales

27 Aug

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

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

27 Aug

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

Tamil Nadu extends dates for GST compliances

26 Aug

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

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

25 Aug

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

India rules out GST waiver for businesses to fight virus woes

25 Aug

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

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

23 Aug

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

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

23 Aug

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

Whatsapp allowed for GST, excise related virtual hearings

22 Aug

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

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

22 Aug

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

GST Analytics wing to identify risky suppliers to exporters

22 Aug

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

Incomplete claim memos stall GST refunds

21 Aug

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

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

21 Aug

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

Centre considers market borrowing for GST compensation to states

21 Aug

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

Govt may not heed calls to lower GST

20 Aug

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

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

20 Aug

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

Horse-racing industry awaits GST rate change for survival

20 Aug

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

GST compensation to states pending for Dec-March FY20

19 Aug

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

GST officials seek directors’remuneration information

19 Aug

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

Government Notifies Amendment To Limit Pre-GST Tax Credits

19 Aug

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

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

18 Aug

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

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

18 Aug

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

Samsonite denied benefit of reduction of GST to Consumers

16 Aug

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

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

16 Aug

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

Indian Staffing Federation demands abolition of 18% GST

15 Aug

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

Govt must lower GST rates and fuel prices to spur demand

15 Aug

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

Firms receive notices despite diverse AAR rulings on director salaries

15 Aug

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

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

14 Aug

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

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

14 Aug

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

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

14 Aug

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

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

13 Aug

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

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

13 Aug

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

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

13 Aug

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

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

13 Aug

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

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

13 Aug

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

E-way bills on GST site double from April level

13 Aug

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

LIC maturity sum will not attract GST

12 Aug

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

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

12 Aug

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

No GST on salary to full-time directors

11 Aug

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

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

11 Aug

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

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

11 Aug

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

Prasadam supplied by Temples exempted from GST

09 Aug

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

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

09 Aug

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

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

08 Aug

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

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

07 Aug

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

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

07 Aug

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

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

06 Aug

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

Now taxpayers can claim transitional credit until June 30

06 Aug

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

CBIC cautions Taxpayers from Fake Messages on GST Refunds

05 Aug

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

States see sharp erosion in GST collections for April

05 Aug

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

Drivers urge govt to bring fuel under GST, defer EMIs

05 Aug

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

GST audit guidelines need to be reviewed to include video conferencing

04 Aug

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

Government defers release of April GST collection data

02 Aug

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

Wrong Destination’ not a Ground for Imposing Penalty under GST

02 Aug

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

No Interest Recovery Without Due Process, Says Jharkhand High Court

02 Aug

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

5 percent GST is applicable on Poha Bran

01 Aug

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

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

01 Aug

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

GST collections for April and May set to decline drastically

30 Aug

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

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

30 Aug

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

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

29 Aug

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

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

29 Aug

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

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

28 Aug

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

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

28 Aug

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

6-month GST payment freeze for worst-hit sectors

27 Aug

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

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

27 Aug

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

Karnataka AAR ruling: Subletting, leasing under GST ambit

25 Aug

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

GST not leviable on Government Subsidy to Farmers

25 Aug

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

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

25 Aug

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

GST concessions can go a long way in supporting businesses

24 Aug

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

Facility of SB005 error correction in the Customs EDI extended

24 Aug

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

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

24 Aug

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

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

23 Aug

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

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

23 Aug

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

GST exemption on PPE will hurt domestic manufacturers

23 Aug

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

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

22 Aug

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

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

22 Aug

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

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

21 Aug

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

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

21 Aug

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

GST waiver will make domestic PPEs costlier than Chinese products

20 Aug

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

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

20 Aug

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

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

18 Aug

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

Allahabad HC grants Anticipatory Bail to Accused of GST Offence

18 Aug

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

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

18 Aug

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

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

17 Aug

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

GST Authorities can’t Arbitrarily Confiscate Godown

17 Aug

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

Transfer of under Construction Project do not attract GST

16 Aug

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

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

16 Aug

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

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

16 Aug

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

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

15 Aug

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

Madras HC denies release of Korean Nationals Arrested for GST Offence

15 Aug

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

News Broadcasters Association Seeks GST Relief On Broadcast Media Ads

15 Aug

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

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

14 Aug

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

States mount pressure on Centre for early release of GST dues

14 Aug

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

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

14 Aug

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

Many large companies will honour hiring pledge

14 Aug

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

Korean companies keen to move out of China to India

14 Aug

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

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

13 Aug

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

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

11 Aug

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

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

11 Aug

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

Govt to effect changes in state GST Act

10 Aug

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

GST Dept cannot detain Goods for bonafide Misclassifation

10 Aug

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

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

09 Aug

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

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

09 Aug

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

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

08 Aug

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

Remuneration paid to directors to attract GST

08 Aug

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

Lowest ever GST on imports in March

07 Aug

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

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

06 Aug

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

Honor India will not increase prices of smartphones

06 Aug

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

Government Temporarily Lifts GST Input Tax Credit Restrictions

04 Aug

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

E-way bill validity extended

04 Aug

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

Ajit Pawar demands GST exemption on medical equipment

04 Aug

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

Amit Mitra writes to FM Sitharaman, demands GST dues

04 Aug

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

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

03 Aug

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

March GST collections stand at Rs 97,597 crore

02 Aug

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

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

02 Aug

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

Goods trucks seek extension on payment of road tax, GST

02 Aug

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

Government Proposes Amendments To Curb Export Frauds

01 Aug

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

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

01 Aug

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

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

31 Aug

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

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

31 Aug

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

New Procedure for GST Compliance for IRP/RP

30 Aug

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

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

30 Aug

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

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

30 Aug

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

Mobile phone makers seek rollback of GST increase

28 Aug

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

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

28 Aug

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

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

28 Aug

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

Separate GST registrations confuse interim resolution professionals

27 Aug

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

Bombay High Court Restricts Taxpayers’ Ability To Use Credits

27 Aug

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

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

27 Aug

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

CBIC clarifies on issues under GST Law for Companies under IBC

26 Aug

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

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

26 Aug

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

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

26 Aug

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

Bihar government withdraws orders to attach tax defaulters’ bank accounts

25 Aug

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

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

25 Aug

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

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

25 Aug

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

COVID-19: Deadlines for filing GST returns extended

24 Aug

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

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

24 Aug

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

Companies Under IBC Will Need New GST Registration

24 Aug

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

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

23 Aug

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

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

23 Aug

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

Businesses look for assistance as coronavirus starts hurting

23 Aug

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

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

20 Aug

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

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

20 Aug

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

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

20 Aug

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

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

19 Aug

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

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

19 Aug

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

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

19 Aug

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

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

18 Aug

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

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

18 Aug

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

GST Council stays tax hike relieving Textile Businessmen

18 Aug

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

Patanjali fined for not passing GST benefits to customers

17 Aug

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

Handset companies say GST hike will hit jobs and consumers

17 Aug

Handset makers and mobile retailers said the proposed GST hike on mobile phones is a “counter-intuitive and insensitive” move that will place an addit ...

GST Council extends Due Date for filing GSTR-9 and GSTR-9C for FY 2018-19

16 Aug

The GST Council, in its 39th meeting, has extended the due date for filing GSTR-9 (Annual Return) and GSTR-9C (Reconciliation Statement) for the Finan ...

GST Council defers facility of E-Invoice, QR Code and E-Wallet Scheme

16 Aug

The GST Council, in its 39th meeting, decided to defer the facility of E-invoice, QR Code and E-Wallet Scheme. A certain class of registered persons ( ...

Interest On Delayed Payments Applicable Only On Net Liability:GST Council

16 Aug

In a big relief for businesses, the Goods and Services Tax Council has said that interest on delayed payments of GST would be applicable only on the n ...

In today's meeting GST Council expected to remove tax anomalies

14 Aug

The apex indirect tax body, the GST Council, will not increase GST cess on items like automobiles at its meeting on 14.03.20 but will instead consider ...

To check export valuation, officials devise SOP for verification of risky taxpayers

14 Aug

GST officers will soon come out with measures to check valuation of exports and device a standard operating procedure (SOP) for physical spot verifica ...

Civil Aviation ministry pitches again to bring ATF under GST

14 Aug

The Civil Aviation ministry is making a renewed push to bring aviation turbine fuel under the goods and services tax regime as it looks to provide rel ...

GST not applicable on ‘Mobilization Advance’ received in Pre-GST Era

13 Aug

The Authority for Advance Ruling (AAR) has ruled that the GST is not applicable to ‘Mobilization Advance’ received before the implementation of Goods ...

GST is likely to be increased on mobile phones, textiles in Saturday meeting

12 Aug

Goods and services tax (GST) rates on mobile phones, footwear, textiles, and fertiliser are likely to be raised on 14th March. That is whe ...

Gujarat HC issues notices to Centre, GST Council over surcharge imposition

12 Aug

The Gujarat High Court has issued notices to the Union government, the GST Council, and the Customs authorities over the imposition of surcharge and c ...

17 areas of dissatisfaction are flagged with Infosys-designed GSTN

12 Aug

The finance ministry has flagged 17 'areas of dissatisfaction' with Infosys-designed GST Network, including transition issues for taxpayers in Jammu a ...

Kerala HC AARs can determine place of supply under the GST regime

11 Aug

The Kerala High Court has paved the way for the Authority for Advance Rulings (AARs) to decide the place of supply under the goods and services tax (G ...

Nandan Nilekani gets govt summons over persisting GSTN glitches

11 Aug

The government has asked Infosys chairman Nandan Nilekani to explain why the IT major has failed to fix glitches in the GST Network. Nilekani will hav ...

GST Registration can be cancelled for not furnishing returns for a continuous period of 6 months

11 Aug

The Kerala High Court has ruled that the proper officer may cancel the GST registration of a person for not furnishing the returns for a continuous pe ...

E-invoicing under GST may be deferred

09 Aug

The government is considering deferring the implementation of e-invoicing under goods and services tax (GST) by three months to July 1, two officials ...

Two directors of apparel exporting companies arrested for fraudulently claiming refund

09 Aug

The Directorate General of GST Intelligence (DGGI) on 7th March said it has registered a case against Aastha Apparels Pvt Ltd and others for fraudulen ...

Central, state GST officials discuss measures to increase revenue, detect tax evasion

09 Aug

With the Centre not being able to increase its GST collections, efforts are now underway to tighten regulations and to re-examine incentives and expor ...

GST officials examine further tightening of rules to boost revenue

07 Aug

Central and state officials examined if Goods and Services Tax (GST) Rules could be further tightened to improve tax compliance and revenue collection ...

JSW Group receives clarity from Maharashtra AAAR for GST on coal

07 Aug

The Maharashtra Appellate Authority for Advance Ruling (AAAR) for Goods and Service Tax has passed an order to exclude the Sajjan Jindal-led JSW Energ ...

GST Intelligence unearths Rs 150 crore fraud after raids in J&K, Delhi and UP

07 Aug

The Directorate of the Goods and Services Tax Intelligence here has detected fraudulent input tax credit (ITC) claims totalling Rs 150 crore after a s ...

Companies challenge Government's decision in court to impose GST on license and spectrum fee

06 Aug

At a time when telecom majors are embroiled in a crisis overpaying AGR dues and Goods and Services Tax (GST) refund, a group of small companies have d ...

Interest on delayed payments to figure in GST Council meet

06 Aug

Businesses facing the prospect of having to pay around Rs 46,000 crore as interest on delayed payment of goods and services tax (GST) may get a reprie ...

Fate of West Bengal state lottery uncertain as threat of GST hike looms large

06 Aug

West Bengal State Lottery has received a severe blow due to a steep rise in the Goods and Services Tax (GST), forcing the lottery ticket sellers and a ...

GST officers book case against 3 firms for issuing fake invoice

05 Aug

GST officers have booked case against three firms for issuing fake invoice worth over Rs 4,198 crore and fraudulently claiming input tax credit of Rs ...

A lower GST rate for auto sector is suggested by parliamentary panel

05 Aug

A parliamentary panel suggested lower GST rate for the automobile segment at least till the revival of the sector, and uniform road tax across all sta ...

Man claims Rs.5 crore in GST by setting up a fake export firm

05 Aug

A Navi Mumbai man was booked for setting up a fake export firm and claiming Goods and Services Tax (GST) returns of Rs.5.04 crore. The Economic Offenc ...

Fake invoicing racket worth Rs 7,896 cr busted

04 Aug

The anti-evasion wing of Central Tax, Delhi West Commissionerate, cracked down on a racket of fake invoicing to the tune of Rs 7,896 crore, and involv ...

Bail pleas of two GST racket accused rejected

04 Aug

Local courts in Valsad and Surat rejected the bail pleas of two accused earlier arrested by Directorate General of GST Intelligence (DGGI) for evading ...

Monthly GST Lottery offer for B2C Invoices to start from April 1

03 Aug

The government is planning to launch lottery offer under the Goods and Services Tax (GST) from April 1 by conducting lucky draws every month for invoi ...

Samsung fined over Rs 37 lakh for not reducing prices of TV post GST rate cut

03 Aug

India’s National Anti-profiteering Authority (NAA) has slapped a penalty of Rs 37.85 lakh on South Korean electronics major Samsung for not passing on ...

GST officials detect fake invoices in Delhi, 3 arrested

03 Aug

GST officials have arrested three persons involved in floating 17 fake firms and wrongfully availing credit on taxes paid on input worth Rs 436 crore ...

GST collections fall short of target for February stand at Rs 1.05 lakh crore

02 Aug

Goods and Services Tax collections for February stood at Rs 1.05 lakh crore, falling short of the Rs 1.15 lakh crore target set by the government but ...

Panel formed in Andhra Pradesh to deal with GST grievances

02 Aug

A Grievance Redressal Committee comprising GST officials from the Centre and the State, representatives of trade associations, tax professionals and G ...

CBIC Chairman M Ajit Kumar briefs professionals on GST at Guwahati

02 Aug

CBIC Chairman M. Ajit Kumar on February 28 interacted with the members of Trade and Industry as well as professionals in the field of indirect taxes a ...

CBI books GST Asst Commissioner for undeclared income

29 Aug

The CBI has made an official note of the personal details of Deepak Pandit, an Assistant Commissioner of GST and Central Excise, in corruption charges ...

J&K Govt. extends Amnesty Scheme for settling unresolved GST issues

29 Aug

The Government of Jammu and Kashmir’s Finance Department, has announced an extension of the amnesty scheme for the settlement of unresolved GST issues ...

GST Audit Authority and Business Intelligence Unit proposed in Rajasthan Budget

29 Aug

Rajasthan Budget has proposed to constitute a GST Audit Authority and Business Intelligent Unit for efficient management of commercial taxes in the in ...

Voda Idea asks DoT for Rs 8,000 crore GST refund

28 Aug

Financially stressed telecom operator Vodafone Idea, in a letter to the Department of Telecommunications (DoT), has sought the adjustment of Goods and ...

Taxmen raid detect large scale GST evasion

28 Aug

The Commercial Taxes Department has unearthed large scale evasion of GST by jewelers after it found 60 kg of gold ornaments worth Rs 21 crore without ...

Haryana GST Dept extends time limit for submitting declaration in FORM GST TRAN-1

28 Aug

The Commissioner of State Tax, extended the period for submitting the declaration in FORM GST TRAN-1 till 31st March 2020, for the class of registered ...

GSTN launches new toll-free number for Helpdesk. Old number discontinued.

27 Aug

The Goods and Services Tax Network (GSTN) on 26.02.20 said it has launched a new toll-free number for GST helpdesk, which will be operational 365 days ...

Rs 500-crore GST racket busted, 2 held in Kolkata

27 Aug

The city zonal unit of the Directorate General of GST Intelligence (DGGI) on Tuesday unearthed a GST fraud of Rs 500 crore over multiple transactions. ...

Odisha expecting GST compensation grants of Rs 6,200 cr for FY21

26 Aug

Odisha has estimated Goods & Services Tax (GST) compensation grants of Rs 6200 crore for 2020-21, an increase of 2.9% over the revised estimate (R ...

Notices issued to companies over late input credit claim under GST frame

26 Aug

The indirect tax department has issued notices to thousands of companies that had claimed input tax credit under the Goods and Services Tax framework ...

Calcutta HC stays Service Tax Audits Post-GST Rollout

26 Aug

The Calcutta High Court has stayed the Service Tax Audits against Magma Housing Finance Ltd., which demands the details for Service Tax Audits.Counsel ...

Gujarat HC releases Goods detained by GST Department for want of E-Way Bill

25 Aug

The Gujarat High Court has ordered the GST Department to release goods and consignments which is detained for not carrying E-Way Bill is a result of t ...

GST officials raid steel trader, unearth tax evasion of crores

25 Aug

The enforcement wing of the state Goods and Services Tax (GST) department unearthed tax evasion allegedly worth several crores of rupees by a Raipur-b ...

28% GST on lotteries from March 1

24 Aug

A 28 per cent Goods and Services Tax (GST) will be levied on lotteries from March 1, according to a notification. The GST Council had in December last ...

Tax parity needed between cotton and man-made fibres

24 Aug

Textile Minister Smriti Irani has approached Finance Minister Nirmala Sitharaman seeking her intervention to ensure parity of the Goods and Services T ...

Companies take government and the indirect tax department to court over denial of GST credit on gifts

22 Aug

A group of companies has dragged the government and the indirect tax department to court over denying input tax credit on gifts and sample ...

GST Dept Notices Are Demanding Interest as Low as Rs2 on Late Payments

22 Aug

After directions from the Central Board of Indirect Taxes and Customs (CBIC) to recover goods and services tax (GST) interest, totalling Rs 46,000 cro ...

Stop indiscriminate stoppage of GST credit : Punjab to centre

22 Aug

Punjab's Finance Minister, Manpreet Singh Badal has asked the central government to remove a block on goods and services tax (GST) credits as it was l ...

Delhi HC grants stay to Nestle

22 Aug

Coming to the rescue of fast-moving consumer goods giant Nestlé, the Delhi High Court has again stayed National Anti-profiteering Authority’s (NAA’s) ...

Mumbai's Rotary Club gets GST relief on membership fees On appeal

20 Aug

Rotary Club of Mumbai-Queens Necklace, one of the clubs affiliated to Rotary International, has got relief against paying GST for membership, subscr ...

After CCB raids, GST shock for Bangalore Turf Club bookies

20 Aug

The Enforcement wing of the Karnataka Goods and Services Tax (GST) department conducted simultaneous raids on 20 Bangalore Turf Club bookies and une ...

Delhi HC stays order in profiteering after sanitary napkins got GST exemption

19 Aug

The Delhi High Court stayed the National Anti-Profiteering Authority order holding that Johnson & Johnson Private Ltd had indulged in profiteering ...

CBIC mandates Registered Taxpayers to quote GSTIN on EXIM Declarations

19 Aug

The Central Board of Indirect Taxes and Customs (CBIC) in a circular clarified that it is mandatory for registered taxpayers to declare GSTIN on EXIM ...

HP GST Appellate Authority imposes Penalty on Failure to Generate E-Way Bill

19 Aug

The Himachal Pradesh Appellate Authority held that taxpayer failed to cover all the documents i.e. E-way Bills during the transportation of goods and ...

States to get Oct-Nov GST compensation before next Council meet

18 Aug

The Centre will pay out compensation to states for the October-November period before the next Goods & Services Tax (GST) Council meeting tentativ ...

Madras HC says Interest should be Levied on Belated GST Cash Payments but not on ITC

18 Aug

While allowing the Writ Petition, the Madras High Court has held that the GST Department could be levied interest only on the cash component of the ta ...

GST Council may discuss payout to states, review tax structure

17 Aug

The Goods and Services Tax (GST) Council will meet soon to decide on the compensation to be paid to states for shortfall in revenue after implementati ...

IMF team says India’s GST collections are below potential

17 Aug

An analysis by International Monetary Fund (IMF) team states that Multiple rates, exemptions and implementation challenges are affecting goods and ser ...

More than 90% filed GSTR-9, GSTR-9C till 12th Feb

15 Aug

The Central Board of Indirect Taxes and Customs (CBIC) said that more than 90% of taxpayers have filed the GSTR-9 (Annual Return) and GSTR-9C (Reconci ...

No GST on Composite Supply of Crushing Food Grains and Delivery of Crushed Grains belongs to State Government

15 Aug

The West Bengal Authority for Advance Ruling (AAR) held that the composite supply of crushing the food grains belonging to the State Government and de ...

18% GST on food-drinks within or away from hotel

15 Aug

In a significant order, the Maharashtra Authority for Advance Ruling (MAAR) rejected a plea by a five-star hotel contending that food and beverages se ...

HC stays GST notice against A.R. Rahman

14 Aug

The Madras High Court on 12th Feb granted an interim stay on an order passed by a Commissioner of Goods and Services Tax (GST) and Central Excise on 1 ...

HC grants bail to CA accused of wrongly availing Input Tax Credit

14 Aug

The Rajasthan High Court has granted bail to Paridhi Jain, a Chartered Accountant accused, based in Jaipur who was involved in the wrongful availing o ...

CBI raids GST Office in Delhi after arresting Manish Sisodia’s OSD

14 Aug

The probe by the Central Bureau of Investigation in the alleged corruption in connection with GST is moving towards a direction where it appears that ...

Centre to raise Rs 46,000 crore as interest on late GST payment

13 Aug

The Central Board of Indirect Taxes & Customs (CBIC) has asked GST officials to collect interest of nearly Rs. 46,000 crore on account of delayed ...

India’s Tax Authorities has issued notices on Non-Compete Fees

13 Aug

The Central Board of Indirect Taxes and Customs has issued notices to some private equity firms, investors, and others who entered into non-compete ag ...

AAR says 18% GST applicable on Transformers supplied to Indian Railways

13 Aug

The Maharashtra Authority of Advance Ruling (AAR) on an application made by an applicant held that the ‘transformers’ supplied to Indian Railways is c ...

Show your GST bill and win up to Rs 1 crore

12 Aug

A customer will have the chance of winning the lottery prize from Rs 10 lakh to Rs 1 crore. By uploading the bill on the GST portal customer can& ...

Tax Authorities detects fraudulent GST refund claims of Rs 1,912 Cr

12 Aug

Central tax Authorities have detected 634 cases of fraudulent goods and services tax (GST) refund claim by exporters amounting Rs 1,912 crore between ...

SC refuses to stay Rajasthan HC order extending deadline of GSTR-9 and GSTR-9C

12 Aug

Supreme Court through its bench comprising of Justice R F Nariman and Justice Ravinder S Bhatt has refused to interfere in order passed by Rajasthan H ...

Tax Department wants companies to pay GST on non-compete fee

11 Aug

Non-compete agreements during acquisitions that restrict the seller from starting a new venture for some time or poaching employees and customers, hav ...

GST taxpayers are receiving piles of notices and advisories

11 Aug

With government going all-out to plug GST loopholes to contain evasion and bolster collections, taxpayers are frequently receiving notices and advisor ...

Sitharaman says "States will decide when petroleum products are to be taxed under GST"

10 Aug

Petrol and Petroleum Products are already under GST and it is now up to the States and also the GST Council to take a call on when they want ...

Centre Informally Proposed rationalization of GST Rates Once A Year

10 Aug

In present system when one item's rate of taxation is brought down, a lot of other ripple effects are created, and with that, either the refund gets a ...

Traders to be consulted on GST return filling by the Panel

10 Aug

A panel of industry and trade representatives has been set up to give suggestions to the Goods and Services Tax Network (GSTN) on the functioning of t ...

GST council meeting may take a big decision on tax rates

08 Aug

There are signs of major changes in the current rates and slabs of GST. According to sources, the government wants to keep only 3 rates (i.e. slabs 8% ...

ICRA say GST compensation fund likely to fall short by Rs 25,000 Cr. in current fiscal

08 Aug

The Centre by law has to pay the states at 14 per cent annually for the first five years of the GST regime and the government had earlier projected an ...

Daily wagers held in Rs100 cr fake GST bills case; probe on to reach mastermind

08 Aug

Three daily wagers have landed in the taxman’s net in an intricate GST evasion racket allegedly involving fake transactions of over Rs 100 Cr.

...

10 year imprisonment for hacking GST Database

07 Aug

Hacking into the government’s India's Goods and Services Tax (GST) Database and its associated infrastructure dependencies installed at GST Network (G ...

Centre and state tax officers will share taxpayers information to tighten enforcement measures to check GST evasion

07 Aug

"CBIC launches application for sharing information between Centre and state for targeted enforcement action against GST evasion. A big leap in intelli ...

GSTR-9 & GSTR-9C filing due date extended till February 12 by Rajasthan HC

07 Aug

The Rajasthan High Court has stepped in to address the grievances and extend the due date of filing GSTR-9 and GSTR-9C for taxpayers in the state.
...

AITF president writes to CM alleging corruption in Punjab state GST Department

06 Aug

Serious allegations have been levelled against the state Goods and Services Tax (GST) department. Badish Jindal, President of All Industries and Trade ...

GST revenue jumps 12% this Fiscal in Nashik division

06 Aug

The Nashik divisional has registered 12.36 % rise in its revenue through Goods and Services Tax (GST) during April-Jan of current financial year 2019- ...

Builder arrested for Rs 18cr GST evasion

06 Aug

The Directorate General of GST Intelligence (DGGI) arrested a real estate developer on charges of evading GST payments of around Rs 18 crore. Accordin ...

For encouraging customers to ask for bills Govt plans GST lottery offers of Rs. 10 Lakhs to Rs. 1 Cr.

05 Aug

The government is planning to introduce lottery offers between Rs 10 lakh and Rs 1 crore under the GST to encourage customers to take bills while maki ...

Different due dates notified for GSTR 3B by CBIC for taxpayers

05 Aug

The Central Board of Indirect Taxes and Customs ( CBIC ) has notified the different due dates for GSTR-3B for the Taxpayers having turnover up to Rs. ...

Job work charges charged for manufacturing of Poultry Feed/Cattle Feed on job work basis is taxable

05 Aug

It was held in M/s Gupta steel udhyog v/s Shri Navdeep Bhinder (State Tax) & Parul Garg (Central Tax) that the activity of manufacturing ...

GSTR-9 and GSTR-9C filing dates extended to February 5 and 7 by CBIC

04 Aug

The due dates for GSTR9 and 9C has been extended further in a staggered format. In a tweet CBIC says, the due dates for GSTR-9 and GSTR-9C for FY 2017 ...

Fake invoicing under GST a non-bailable offence as per Union Budget 2020

04 Aug

In order to crack down on fake invoicing and fraudulent input tax credit (ITC) refunds under the goods and services tax (GST), the Budget has introduc ...

GST compensation to be released to states in 2 installments by center

04 Aug

The minister said GST (Compensation to States) Act, 2017 provides for compensation to States/UTs (UT with legislature only) on account of revenue loss ...

GST returns: Govt may block e-way bills of defaulters

03 Aug

Hundreds of traders are staring at bleak future as Jammu and Kashmir government is all set to block their e-way bills for failing to submit GST return ...

GST staff among 2 held for hoarding foreign liquor

03 Aug

Two persons, including a havildar of central GST department, were nabbed and 31 liquor bottles were seized from their possession on Sunday. Excise off ...

SC Dismisses Gurdeep Sachar’s Clarification Application in Dream11 GST matter

03 Aug

A Supreme Court bench of Justices Rohinton F. Nariman and S. Ravindra Bhat on Friday dismissed a clarification application filed by advocate Gurdeep S ...

CBIC extends GSTR-9 and GSTR-9C filing dates in a staggered manner

01 Aug

The Central Board of Indirect Taxes and Customs (CBIC) late on Friday night extended the due date for furnishing GST Annual Return and Reconciliation ...

GST collection crosses Rs 1.1 lakh crore in January

01 Aug

GST collections have crossed the Rs 1 lakh crore mark for the third month in a row in January with improved compliance and plugging of evasion, source ...

Top Infosys Executives Get Summons from Finance Ministry for GST Technical Issues

31 Aug

The finance ministry has summoned senior Infosys executives to find out why the technology major has been unable to fix glitches in the GST Network sy ...

Chandigarh to Levy GST on Commercial Ventures of Bar Association

31 Aug

The UT excise and taxation department has asked Punjab and Haryana High Court bar association to submit information regarding the revenue being genera ...

President of TVS,Request Govt to look at relaxing GST for two-wheelers

31 Aug

Corporate Tax Rate cut along with reduction in GST on electric vehicles were some of the few welcome steps initiated by the government last year. For ...

Handicraft artisans hope for GST cut

30 Aug

Ahead of the Union Budget, artisans in the handicraft sector are looking for greater tax relief to overcome the financial impact of the economic downt ...

GST, VAT collection dips as 6 states' tax revenue till November FY20 falls

30 Aug

States like Andhra Pradesh, Gujarat, Maharashtra, Punjab, Manipur, and Uttarakhand saw fall in their overall tax receipts during the first eight month ...

Oil Ministry pitches for inclusion of natural gas in GST

30 Aug

Ahead of the Union Budget, the Oil Ministry has made a renewed pitch for inclusion of natural gas in the ambit of GST to promote the use of the enviro ...

Budget 2020: Entertainment sector once again urges for rationalization of GST rates

29 Aug

The entertainment industry may seem to be on a blockbuster run. For films, 2019 turned out to be the strongest year so far, and this year as well, the ...

GST collections in January may touch record high of Rs 1.15 lakh crore

29 Aug

Goods and Service Tax (GST) collections may touch a record high of Rs 1.15 lakh crore in January. The highest monthly GST collection so far, since its ...

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

28 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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

Govt may link GST refund to remittance for risky exporters

08 Aug

Linking foreign exchange remittances with integrated GST refunds may be undertaken to check fraudulent refund cla ...

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

07 Aug

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 Aug

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 Aug

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 Aug

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

GST Authorities want Eagle Eye on Exporters

06 Aug

Because of massive amount of frauds detected by GST authorities, the Central Board of Indirect Taxes and Customs (CBIC) has now written to Directora ...

GST Authorities want Eagle Eye on Exporters

06 Aug

Because of massive amount of frauds detected by GST authorities, the Central Board of Indirect Taxes and Customs (CBIC) has now written to Directora ...

Revenue secretary, tax commissioners to meet on streamlining GST system

04 Aug

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 Aug

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 Aug

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 Aug

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 Aug

Publishers of books for Uttar Pradesh Madhyamik Shiksha Parishad (UPMSP), also known as UP Board, will have to pay goods and services tax (GST) to the ...

AI, Data Analytics To Track GST Evaders, Boost Compliance

03 Aug

The government plans to increase the use of artificial intelligence and data analytics to track down tax evaders, and improve compliance with the Go ...

GST Evaders Set To Face Stricter Scans Officials Plan to tally Bank A/Cs with Filings -

02 Aug

Goods and service tax (GST) authorities are going to seek bank account details of businesses to tally with their filings, apart from initiating othe ...

GST rate hikes may come in phases to reduce price pains

02 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

In the said notification, - (a) in Schedule II - 6%, serial numbers 80AA and 171A and the entries relating thereto shall be omitted; (b) in Schedul ...

Government notifies changes to rules on input tax credit

01 Aug

In an effort to curb the menace of fake invoices and tax evasion, the Finance Ministry has notified a new norm of limiting the input tax credit to 1 ...

Over Rs 1.12 lakh crore paid as IGST refunds to exporters

31 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug


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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

"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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

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 Aug

In yet another simplification, Government has added flexibility into the way a company can utilise the available input tax credit. Any company would n ...