Stay updated
The government is looking at decriminalising some provisions under the Goods and Services Tax (GST) by allowing compounding of offences and making arrests exceptional. “This is in the works… It would be taken to the GST Council,” an official, aware…
The Hon’ble Madras High Court in M/s India Yamaha Motor Private Limited, v. the Commissioner of CGST & Central Excise [WP.No.19044 of 2019 and WMP.No.18404 of 2019 dated August 29, 2022 ] has held that in a case where Goods…
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…
It has been a long time since GST was implemented in India and now the question is asked many times, is GST really a simple Tax? If we look at this question in another way, then the real meaning of…
The National Anti-profiteering Authority (NAA) is “internally” investigating around 250 retailers following complaints that they raised prices of pre-packaged items, more than warranted, following the imposition of goods and services tax (GST) post the July 18 changes in rates. “We…
The Hon’ble High Court, Patna in the matter ofM/s G. Power Solution v. State of Bihar [Civil Writ Jurisdiction Case No. 11384 of 2022 dated August 17, 2022] set aside the order passed by the revenue department for denying Input…
Retail prices of rice, wheat, flour, milk and curd sold in both the packaged and loose formats have increased sharply following last month’s imposition of GST on these commodities, sending kitchen budgets haywire. While the GST imposed on packaged commodities…
In a major, The New Indian impact, the Central Board of Indirect Taxes and Customs (CBIC) initiated a probe into the ₹37.5 lakh Goods and Services Tax bill slapped on a poor farmer in Bihar’s Khagaria. The New Indian correspondent,…
Officers of CGST Bhiwandi Commissionerate in Mumbai Zone have busted two separate fake GST invoice rackets, which was used to avail and pass on fake Input Tax Credit (ITC) of around Rs. 23 crore on bogus invoices of Rs 55…
The GST Council is unlikely to take up correcting inverted duty structure for textile anytime soon. Meanwhile, the Council in its next meeting will take up two issues–a circular for not imposing IGST on ocean freight and opening up windows…