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  • 21 Dec 2023
#GSTAT #gstnews #taxexpert #gstbill

GSTAT: Relaxing retirement age, eligibility criteria of members to bring efficiency, say tax experts

GSTAT: Relaxing retirement age, eligibility criteria of members to bring efficiency, say tax experts

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  • 21 Dec 2023
#onlinegaming #gst #gstnews #ebidta

Online gaming companies to incentive's players hit 28% GST

Online gaming companies to incentive's players to park deposits for longer duration's to balance 28% GST hit

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  • 20 Dec 2023
#gstnews #gst #news #uttrakhand #timbertrade #gstdepartment

Uttarakhand GST Department files 3,500-page charge sheet in illegal timber trade case

The Special Investigation Bureau of Uttarakhand GST department has filed a 3,500-page charge sheet in the court of Rudrapur Chief Judicial Magistrate against Shahnawaz Hussain, the mastermind of the illegal timber trade.

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  • 20 Dec 2023
#gstnews #gst #news #gstregistration #nirmalasitharaman #financeminister #fm

GST Registered taxpayers doubled in six years says FM Nirmala Sitharaman in Lok Sabha

The number of entities registered to pay the Goods and Services Tax (GST) has doubled to 14 million in the six years since its inception, finance minister Nirmala Sitharaman told the Lok Sabha, which passed the Central Goods and Services Tax (Second Amendment) Bill, 2023, to align age and qualification criteria with the Tribunal Reforms Act, 2021, thus paving the way to set up a GST appellate tribunal (GSTAT).

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  • 20 Dec 2023
#gstnews #gst #news #gstdemand #ultratech #cement #penalty

UltraTech Cement receives GST demands and penalty of over Rs 20 lakh

UltraTech Cement has received orders pertaining to GST from assistant commissioner CGST & Central Excise and joint commissioner – Central Tax, South Kolkata allegedly for ineligible input tax credit transitioned to GST, the company said in a BSE filing.

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  • 20 Dec 2023
#gstnews #gst #news #onlinegaming #financeminister #nirmalasitharaman

Valuation rules for GST on e-gaming platforms effective prospectively: FM

Finance Minister Nirmala Sitharaman on Tuesday said the valuation rules for levying 28 per cent GST on entry-level bets on online gaming platforms are effective prospectively.

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  • 20 Dec 2023
#CJI #gstappellate #gstnews #financeminister #loksabha

CJI DY Chandrachud Flagged Anomalies In GST Appellate Tribunal Provision : Finance Minister

CJI DY Chandrachud Flagged Anomalies In GST Appellate Tribunal Provision : Finance Minister Tells Lok Sabha

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  • 20 Dec 2023
#gstreturn #filingtax #monthlycollection

Number of GST return filers up 65% to 1.13 crore in 5 years; 90% filing tax payment form in time

Number of GST return filers up 65% to 1.13 crore in 5 years; 90% filing tax payment form in time

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  • 20 Dec 2023
#directtax #incometax #gstnews #taxcollection #budget #currentfiscal

Net Direct Tax Collection Rises 21 Per Cent To Rs 13.70 Lakh Crore In FY24

Net Direct Tax Collection Rises 21 Per Cent To Rs 13.70 Lakh Crore In FY24

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  • 20 Dec 2023
#gaming #gstnes #finance #egaming #valuationrules

Valuation rules for GST on e-gaming platforms effective prospectively: FM

Valuation rules for GST on e-gaming platforms effective prospectively: FM

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  • 19 Dec 2023
#gstnews #gst #news #gstonpharma #import

Parliamentary panel asks centre for exempting GST on import of pharma products

A parliamentary panel has asked the Centre to provide GST exemption for imported pharmaceutical products used by hospitals or scientific organisations in research on life-saving medicines and treatments.

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  • 19 Dec 2023
#gstnews #gst #news #taxtarget

Government Exceeds Tax Target With Strong Direct Tax, GST

In a positive turn of events for the Indian economy, the Indian government is poised to exceed its gross tax collection target for the current financial year, with figures from direct tax and GST collections pointing towards a potential surplus.

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  • 19 Dec 2023
#gstnews #gst #news #loksabha #appellatetribunal #gstbill

GST Amendment Bill 2023: Lok Sabha passes bill to raise age limit of president, members of GSTAT

The Lok Sabha on Tuesday passed a bill to raise the age limit of the president and members of the GST appellate tribunal.

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  • 19 Dec 2023
#incometax #gstnews #updates #aar #karnataka

12% GST Applicable On Renting Residential Dwelling Units On Monthly Rental Basis: Karnataka AAR

12% GST Applicable On Renting Residential Dwelling Units On Monthly Rental Basis: Karnataka AAR

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  • 19 Dec 2023
#gst #gstnews #delhihighcourt #gstregistration

Cancel GST Registration With Retrospective Effect Must Be Based On Some Objective Criteria

Decision To Cancel GST Registration With Retrospective Effect Must Be Based On Some Objective Criteria: Delhi High Court

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  • 18 Dec 2023
#gstnews #gst #news #gstevasion #keralahighcourt

GST Evasion Prosecution Does Not Depend Upon Completion Of Assessment: Kerala High Court

The Kerala High Court has held that prosecution for offences under Section 132 of the CGST Act does not depend upon the completion of the assessment.

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  • 18 Dec 2023
#gstnews #gst #news #gstreturn #returnfilers

Number of GST return filers up 65% to 11.3 mn in 5 years: Finance ministry

The number of GST return filers rose about 65 per cent to 11.3 million in 5 years till April 2023 as compliance by taxpayers improved, the finance ministry said on Sunday.

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  • 18 Dec 2023
#gstnews #gst #news #sweetstraders #appeal

Sweet traders appeal for uniform GST

Sweet traders have sought the Bengal government’s intervention to mitigate the issue of unequal GST on packaged sweet and namkeen (snacks) products.

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  • 18 Dec 2023
#gstnews #gst #news #itcforresidential

NREDCO recommends Special Window for Affordable Housing 2.0

The National Real Estate Development Council (NAREDCO) has suggested the finance ministry to come up with the second tranche of the Special Window for Affordable and Mid-Income Housing (SWAMIH) fund with Rs 50,000 crore corpus in the upcoming union budget for FY 2024-2025, along other budgetary support and relaxations including allowing input tax credit under GST and incentives for rental housing in order to achieve the housing for all target.

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  • 18 Dec 2023
#gstnews #gst #news #statecollection #taxreforms

States’ tax collections can be improved by way of tax reforms

The recently released RBI’s annual study of State finances reveals pain points of states’ budgets. It emphasizes the need for tax reforms to improve States’ tax collections, amidst rising dependence on Central tax devolution.

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  • 18 Dec 2023
#gstnews #gst #news #onlinegaming #karnataka

‘As government, we don’t understand technology’ – Karnataka IT Min on online gaming

Karnataka’s IT Minister Priyank Kharge recently appeared at a conclave, wherein online gaming’s concern related to 28% GST were discussed. Kharge opined that the government’s approach to regulate online gaming industry is not optimal.

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