Highlights on Proposed GST Amendments in Finance Bill 2023
List o amendments made in GST law is listed down section wise with brief comment about the change.
Tag: GST
18% GST on air freight leaves bad taste in the mouths of Indian betel leaf exporters
A revival in betel leaf export from India has been marred by the imposition of 18 percent Goods and Services Tax (GST) on air freight. Exporters fear this may allow India’s main competitor Bangladesh to gain an upper hand in…
MIDC plot transfers to third party under GST scanner
Businessmen having transferred their plots in MIDC’s industrial estates to others may soon have the taxman knocking at their doors. The central GST department is in the process of extracting 18% duty for such transactions. The deals are being taken…
Rajasthan HC stays GST show cause notice issued to MyTeam11
In an interim order, the Rajasthan High Court has stayed the show cause notice issued to MyTeam11 by the Directorate General of GST Intelligence (DGGI) on December 9, 2022. The court also said that DGGI should not take any coercive…
GST compensation cess may support carbon storage plan
The government may use the goods and services tax (GST) compensation cess for a clean energy fund to help access low-cost finance as part of India’s carbon capture utilization and storage (CCUS) policy that is currently in the works, said…
Government may restrict Input Tax Credit on CSR expenditure in the upcoming Budget 2023-24
The government is likely to introduce amendments to Goods and Services Tax (GST) law through the Finance Bill, 2023, denying businesses credit for the taxes paid while procuring goods and services that they provide to the community under their corporate…
CTU failed to charge service tax from the passengers of air-conditioned (AC) buses from the prescribed dates.
Officials of the Chandigarh Transport Undertaking (CTU) will face the music for their failure to charge service tax from the passengers of air-conditioned (AC) buses from the prescribed dates. In its latest report tabled in Parliament in December, the Comptroller…
Supreme Court notice on Kerala GST law permitting levy of tax under repealed VAT regime
The Supreme Court has sought response from commercial tax authorities in a petition challenging the legality of provisions in the Kerala Goods and Services Tax (GST) law which allows assessment, levy and collection of tax under the repealed Value Added…
GST wing told to identify tax defaulters
The Finance Secretary-cum–Secretary Excise & Taxation, UT, reviewed tax collection under GST and efforts made under the GST Act during an extensive review meeting on GST and Excise issues here. He applauded the GST wing for growth in GST collection…
Appeal cannot be filed against the question unanswered/rejected by the AAR
The AAAR, Karnataka in the matter of M/s Myntra Designs Pvt. Ltd [Order No. KAR/AAAR /06/2022 dated November 21, 2022] set aside the order of the AAR for failure in giving a ruling on the question of taxability under Goods…