Strong case for GST reduction on two-wheelers up to 125 cc to 18 pc, says Hero MotoCorp CEO
There is a strong case for GST reduction on two-wheelers up to 125 cc as these cater to non-sin goods but mobility option for masses in the country, Hero MotoCorp …
Delhi High Court grants GST relief to Electricity Regulatory Commissions
The Delhi High Court has delivered a significant judgment granting goods and services tax (GST) relief to the Central Electricity Regulatory Commission (CERC) and the Delhi Electricity Regulatory Commission (DERC) …
Big relief for GST taxpayers: Protection against arbitrary arrest and coercion by GST officers; CBIC changes arrest and bail guidelines under GST
Now a Goods and Service Tax (GST) proper officer can’t arbitrarily arrest a GST registered person due to a recent amendment in GST arrest instructions. Moreover, now GST proper officers …
GST Amnesty Scheme waiver of penalty and interest: These taxpayers need to withdraw their appeal and then apply for the scheme
Goods and Service Tax (GST) registered taxpayers who wish to apply for the GST Amnesty Scheme 2024 under section 128A announced in Budget 2024, should note about a procedural change …
GST Tribunals may be delayed by 6 months as states yet to appoint officials
The much-anticipated Goods and Services Tax Appellate Tribunals (GSTAT) may take another six months to become operational. Many states are yet to appoint members or allocate office spaces, delaying the …
Mankind Pharma faces over Rs 2 crore penalty from GST authority
Mankind Pharma Ltd on Wednesday said it has been imposed a GST related penalty of over Rs 2 crore by tax authority in Kolkata over alleged mismatch in figures for …
Tech glitch causes GST filing delay; taxpayers call for deadline extension
With the deadline for December 2024 returns set for January 11, 2025, many Indian businesses are facing delays in filing their GSTR-1 returns due to ongoing technical issues on the …
How is Budget prepared? Understanding insights and expectations for 2025-26
The process of preparing the Indian Union Budget is a rigorous and detailed undertaking that unfolds over several months, led by the Ministry of Finance (MoF) in collaboration with various …
You can now file a rectification application to claim pending input tax credit; However, there is a catch
Good news for GST registered taxpayers who filed GSTR-3B to claim pending input tax credit (ITC) for FY 17-18, 18-19, 19-20 and 20-21 but were prevented from claiming it due …
GST officers must explain ‘grounds of arrest’ to offenders, obtain acknowledgement: CBIC
GST officers will now have to explain to offenders about the “grounds of arrest” and obtain a written acknowledgement from them, the CBIC said on Monday. Modifying the guidelines for …
