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New Delhi, Oct 3 (IANS) The next few meetings of the GST Council would take the country’s new indirect tax regime closer to the goal of providing a transparent tax system with minimal exemptions and fewer rates. Sources working on the
New Delhi, Sep 8 With GST revenue collections making a rebound post the disruptions caused by the second wave of Covid pandemic, the Centre is likely to initiate dialogue with states for inclusion of petroleum products under the new indirect
New Delhi, Sep 7 The Centre proposes to revamp the advance ruling mechanism under the GST by setting up a centralised authority to address the issue of contradictory orders passed by the Authority for Advance Rulings (AAR) in different states.
New Delhi, Aug 30 The Finance Ministry has extended the last date to avail of the late fee amnesty scheme under Goods and Services Act (GST), till November 30. The scheme was due to expire on August 31. The government
New Delhi, July 21 The Central Board of Indirect Taxes and Customs (CBIC) has clarified that extension of time limit for tax-related matters as per recent Supreme Court order is restricted only to quasi-judicial and judicial matters relating to petitions,
New Delhi, July 10 The Indian operations of French aviation giant Airbus involving procurement of raw material from local vendors and facilitating supply abroad are ‘intermediary services’ and hence liable to 18 per cent GST, an authority of advance ruling
New Delhi, July 6 India’s gross GST revenue collection fell below the psychological mark of Rs 1 lakh crore for the first time this year, clocking Rs 92,849 crore in June 2021, as collections fell due to disruptions caused by
New Delhi, July 1 Minister of State for Finance and Corporate Affairs Anurag Thakur said that the record high GST collections in the past few months despite the pandemic show India’s economic resilience and the sincerity of businesses towards nation
New Delhi, July 01 The Central Board of Indirect Taxes and Customs (CBIC) will honour taxpayers who have been a part of the GST success story on the eve of completion of four years of indirect tax reforms. The board
The Prime Minister, Narendra Modi has lauded GST on its completion of 4 years and said it has been a milestone in the economic landscape of India. In a tweet, the Prime Minister said, “GST has been a milestone in
New Delhi, June 25 The National Anti-Profiteering Authority (NAA) has directed GST officials to ensure that the reduced tax rates on Covid-related items are passed on to the consumers. In an office memorandum, NAA said that the supplies are required
New Delhi, May 26 The Goods and Service Tax Council has constituted a group of ministers (GoM) to examine the possibility of levy of GST based on capacity of manufacturing units and special composition schemes in certain evasion prone sectors
New Delhi, May 20 The supply of food items under government schemes to Industrial training institutes (ITI) will be treated at par with supply of mid-day meals to schools and not attract GST. In a ruling, the Authority for Advance
New Delhi, May 17 Credit card expenses made by employees of an Indian subsidiary for furtherance of business here would come under the purview of Goods and Service Tax (GST) with applicable 18 per cent rate. According to a recent
New Delhi, May 3 In view of the coronavirus pandemic, the Central Government has exempted IGST or integrated GST on import of such goods received free of cost for free distribution of Covid relief. The exemption is ad hoc and
New Delhi, April 20 The Supreme Court on Tuesday said the rule of law in a constitutional framework is fulfilled when law is substantively fair, procedurally fair and applied in a fair manner, as it held that the power to
New Delhi, April 7 The Supreme Court on Wednesday said the taxman cannot see all businesses as fraudulent, as it made sharp observations against the manner in which Goods and Services Tax was implemented by tax authorities. A bench comprising
New Delhi, March 25 In what may give a fillip to stock broking activity, an appellate authority has exempted stock brokers buying or selling shares for clients from payment of GST on delayed payment charges. The Appellate Authority for Advance
Auto LPG is environment-friendly and 40% cheaper than petrol in running costs Consumers can easily convert their vehicles to Auto LPG by installing conversion kits and stand to save significant amounts on fuel bills Govt must reduce the
New Delhi, March 5 Consumers can be spared from a rally in retail prices of petrol and diesel if the two auto fuels are brought under the GST regime, but lack of political will and hesitancy to let go a
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