Latest update 21.06.2024

PPT – Understanding E-Way Bill and Ineligible ITC

Author CA Vaishali Kharde has crafted the PPT encompassing all the details on E-way bill right from the basic rules as regard when e-way bill is required to generated till the litigation and discussed the way out as well with case laws. Author also discussed in length about reversal of ITC in the PPT. Read more

Lawgics – Judgment No. 147

Demand Order was set aside on the ground of breach of principles of natural justice. Read more

GST Council likely to deliberate on taxation of online gaming, corporate guarantees

The GST Council in its meeting on Saturday is likely to deliberate on a host of issues, including taxation of online gaming and corporate guarantees on related party services, besides levy of tax on spectrum fees paid by telcos, sources said. Read more

Foreign airlines likely to get tax relief on import of services in upcoming GST Council meeting: Official

GST Council in its meeting on June 22 is likely to give tax relief on the import of maintenance, repair and operations (MRO) services for foreign airlines in India from the current 18 percent, a government official said. Read more

GST Council to issue new guidelines on telecom spectrum payment timings: Sources

The upcoming GST Council meeting, scheduled for June 22 in New Delhi, is expected to provide clarity on the GST applicability on the telecom sector. Read more

GST Council may give some relief to roads and highways developers

GST Council, on June 22, may clarify that GST payable by the developer (under the hybrid annuity model) for parts of the project under construction or maintenance will become due only when the invoice is raised or when the payment is made, whichever is earlier. Read more

GST Council to clarify taxability of ESOPs, start-ups and MNCs to benefit

In what could be a relief for companies, multinationals, and start-ups issuing ESOPs to employees, the upcoming GST Council is likely to issue clarification on the taxability of reimbursement of securities/shares as ESOP/ESPP/RSU provided by a company to its employees. Read more

GST Council relief likely on pre-deposit for disputes

In what could be a breather for the taxpayers, especially the industry, on the issues related to tax disputes, sources told CNBC-TV18 that the GST Council is likely to reduce the amount of pre-deposit to enter the appeals stage. Read more

GST Council to regularise taxation issues on host of goods, services

The GST Council is likely to regularise taxation issues arising on a host of goods and services, including the supply of cereals, pulses, flour packets of over 25 kg. Read more

Fuel inclusion under GST not on agenda for June 22 Council meet: Official

GST Council meeting on June 22 is unlikely to discuss the inclusion of petroleum products under GST, a government official said. Read more

E-Way bill generation in May touched 10.32 crore, second all-time high

E-Way bill generation touched 10.32 crore in May, which is second all-time high generation. Read more

Government Withdraws GST Demand Of Rs 202.8 Crore From Jagran Prakashan

Jagran Prakashan, the publisher of the Hindi daily Dainik Jagran, has said the government has rescinded a goods and services tax demand of Rs 202.83 crore. Read more