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The Goods and Services Tax (GST) Council scheduled to meet virtually on 17 December, is likely to discuss decriminalisation of offences under GST law, along with raising the threshold of launching prosecution to ₹20 crore, from ₹5 crore at present,…
There is distortion between the decision taken on fly ash bricks and blocks at the 47th GST Council Meeting held in June this year and the subsequent notifications issued by the government, say N. Bhanumathidas and N. Kalidas, fly ash…
Cancellation of confirmed train tickets, too, will now attract GST, on cancellation charges for that particular class of travel, according to a circular issued by the Ministry of Finance on August 3. Why GST on cancellation? The circular – issued…
Rajasthan Chief Minister Ashok Gehlot has urged Finance Minister Nirmala Sitharaman to reconsider the move to levy GST on unbranded and pre-packed food items, asserting that the State had “vehemently” opposed the levy that “is going to hit the people…
Certain circulars have been issued by CBIC today on 03.08.2022 clarifying certain matters, some of which were discussed in the 47th GST Council Meeting held in Chandigarh. A brief summary of them all is as follows: A. Circular No. 177/09/2022-TRU:…
Circular No. 179/11/2022-GST F. No. CBIC-190354/172/2022-TRU Government of India Ministry of Finance Department of Revenue (Tax Research Unit) Dated 03.08.2022 To, Principal Chief Commissioners/ Principal Directors General, Chief Commissioners/ Directors General, Principal Commissioners/ Commissioners of Central Excise & Central Tax…
Circular No. 177/09/2022-TRU dated 03.08.2022 CBIC-190354/176/2022-TRU Government of India Ministry of Finance Department of Revenue (Tax Research Unit) 3rd August, 2022 To, The Principal Chief Commissioners/ Chief Commissioners/ Principal Commissioners/ Commissioner of Central Tax (All),The Principal Director Generals/ Director Generals…
Finance Minister Palanivel Thiaga Rajan on Saturday clarified that the 5% GST on pre-packaged and pre-labelled items was increased despite Tamil Nadu expressing its objection. In a statement here, he said the Tamil Nadu government wrote a letter to the…
The All India Institute of Medical Sciences, New Delhi, on Thursday announced a raise in the charges of its private ward rooms. The move comes following the recent decision by the GST Council to levy a 5 per cent tax…
The recent rate changes taken in the 47th Goods and Services Tax (GST) Council meeting were based on the recommendations of a Group of Ministers. The GoM consisted of members from seven states and the recommendations were then made by…