ATF used on overseas flights by Indian carriers is exempt from excise charge
On Friday, the government waived the 11% excise tax on aviation turbine fuel (ATF) purchased from oil marketing firms by domestic airlines operating overseas flights….
Hyderabad: Woman detained with 1.2 kilogram of gold at RGI Airport
HYDERABAD: Investigators from the customs department’s Air Intelligence Unit (AIU) detained a female traveller at RGI Airport and recovered 1,237 grammes of gold worth 64.38…
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…
According to Experts, ILC’s suggestions for the resolution process contain certain flaws
According to a report by the Insolvency Law Committee (ILC), pursuing legal action against erroneous or fraudulent transactions even after the corporate resolution procedure is…
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 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…
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…
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…