Category: GST
Draft paper released on changes to GSTR-3B
The Central Board of Indirect Taxes and Customs (CBIC) has released a concept paper, suggesting comprehensive changes in the GSTR-3B – a self-declared summary of…
New GST googly: Gifted IPL tickets are no longer free
Complementary Indian Premier League (IPL) tickets given or gifted to anyone free of cost would still attract Goods and Services Tax (GST) as there is…
Gaming GST Rates: GST on gaming and gambling: Don’t ‘game over’ before it has even begun
Shifting the spotlight on to players will have ruinous implications far and wide. Similarly, the decision to impose a one-time 28% tax on customers in…
GST Council: Panel on GST Appellate Tribunal formed, report by month-end
The Goods and Services Tax (GST) Council has set up a six-member group of ministers (GoM), headed by Haryana deputy chief minister Dushyant Chautala, to…
gst news: GST 2.0 may be free of jurisdiction: Vivek Johri, chairman, CBIC
India could consider a significant shift in the Goods and Services Tax (GST) including a jurisdiction-free regime as part of the next set of reforms…
GST rules: Govt notifies procedural changes in GST rules, interest to be charged for wrongful credit availment
The government has notified a host of procedural changes in the GST rules, including levy of interest for wrongful utilisation of ITC and turnover threshold…
zero rating GST: FICCI bats for bringing healthcare under zero-rating GST
The exclusion of healthcare from the goods and services tax regime is leading to stranded input tax credit (ITC) according to the Federation of Indian…
gst: A tax comes of age: Five years since rollout, areas where GST needs retouch and improvement
On July 1, Goods and Services Tax (GST) completed five years of its existence. From its grand midnight launch at the historic central hall of…
GST Compensation | Hasmukh Adhia: GST compensation to states should not be extended: Hasmukh Adhia
Hasmukh Adhia, former Union finance secretary, argues that extending compensation to states will mean increased laxity in state tax bureaucracies. Here are edited excerpts of…
Nirmala Sitharaman Says – GoM Suggestions on GST Exemptions, Correction of Inverted Duty Accepted
Finance minister Nirmala Sitharaman announced the end result of the 47th Goods and service Tax (GST) Council meeting on Wednesday. From revising rates of assorted…