After wheat, India now limits the export of wheat flour and associated goods
The export of wheat flour and other associated goods including maida, rava (samolina), wholemeal atta, and resulting atta has been limited by the government. Before…
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…
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…