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The telecom operators reiterated their demand for a reduction in licence fee, removal of Goods and Services Tax (GST) on licence fee, spectrum usage charges, and spectrum payments, customs duty on imports, among others, in the upcoming Budget for 2023-24.…
International Road Federation (IRF), a global body advocating for safer roads, on Thursday said that it has made a plea to the government to do away with the GST imposed on helmets. At present a GST of 18 per cent…
The Agrofood Chamber of Commerce and Industry has requested Minister for Commercial Taxes P Moorthy to withdraw the recent amendments to the GST Circular and implement former State Commissioner of Commercial Taxes TV Somanathan’s Circular dated May 31, 2019, regarding…
Kerala Finance Minister KN Balagopal on Tuesday said Chief Minister Pinarayi Vijayan will announce restructuring of the state GST department on January 19. Kerala Finance Minister told the media on Tuesday, “There is a restructuring of the GST department. Now…
CA Vaishali Kharde has prepared a PPT on the amendments notified in the 48th GST Council meeting held on 17th December, 2022. The overview of the amendment presented in the PPT is easy to read, refer and understand. Read now…
Supriya Life Sciences, Blue Cross Laboratories and Yasho Industries are among half a dozen companies that have received fresh summons in the New Year under the GST regime. In the last 15 days, more than 60 summons have been issued…
After witnessing a low growth post the Covid-19 pandemic, the consumer durables and electronics industry has considerably put itself back to growth. The summer seasons of 2022 and 2021 saw a positive trend for the industry. Household appliances and electronics…
The AAR, Chhattisgarh in the matter of M/s Parsakente Collieries Limited [Advance Ruling No. STC/AAR/08/2021 dated December 17, 2021] has ruled that nil rate of Compensation Cess is applicable on supply of coal rejects by the coal washery, as long…
The finance minister Nirmala Sitharaman will present the fourth budget of the second term of the Modi government on February 1, 2023. Impacted by the Covid-19 pandemic, geopolitical issues and the weakening of the Indian currency over the last three…
Case History Now the Aggrieved Assessee approached Andhra HC, which held a view that’ Taxman can not keep the GST paid by mistake. Now limitation is not a bar for claiming said amount as a refund. Similar view by Judiciary…