Latest update 22.05.2024

A. Article

Time limit to issue Notice for tax not paid/ short paid u/s 73 of CGST Act

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Time limit to issue notice u/s 73 of CGST Act, 2017 Read more

Supply without consideration qualifies as exports

Can a deemed supply (supply between related parties without consideration under GST) qualify as exports even if there is no inflow of foreign proceeds? Read more

B. Tax in Media

Disposal paper cups to attract GST @18%

The Authority for Advance Rulings (AAR), West Bengal, has held that disposable paper cups will attract GST of 18%. Read more

Online MSMEs flag GST license challenges in Tamil Nadu

Small and medium enterprises, including businesses operating online, on Thursday underlined the difficulties they have been facing with registering online to pay the Goods and Services Tax (GST). Read more

GST fraud: 3 behind 100 fake firms held

Three men were arrested on Saturday in connection with a Rs. 15,000 crore GST fraud that came to the light in June last year. So far, 44 arrests have been made in the case. Read more

GST AAR: Acting as a marketing, recruiting or referral consultant to foreign universities can quality as exports

In a recent ruling, the Telangana Bench of the Authority of Advance Ruling (AAR) clarified that the provision of services of marketing, recruitment, or referrals to foreign universities by the Center for International Admission and Visas (CIAV), the applicant, on a principal-to-principal basis does not constitute an ‘intermediary service’. Further, such services should be considered as exports, which are not subject to GST, provided the payments are received in convertible foreign exchange. Read more

GST Council to hear gaming firms’ plea on past tax demands

Online gaming companies received a big blow last year, when the government issued notices to them for over one trillion rupees in GST. While the matter has ended up in the Supreme, the federal indirect taxes body GST Council now plans to consider the impact of the tax demand on the industry’s viability, two people aware of the matter said. Read more

HC quashes Rs.96cr GST demand notice to Metrowater

In a reprieve to the Chennai Metrowater Supply and Sewerage Board (CMWSSB), Madras high court has set aside an order of the additional commissioner of CGST demanding Rs.96 crore as tax. Read more

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