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  • 17 Jan 2022
#gstnews

Bombay HC sets aside rejection of refund claims by GST authorities

Bombay HC sets aside rejection of refund claims by GST authorities

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  • 17 Jan 2022
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IT industry can play a key role in raising services exports to $1 trillion a year says Piyush Goyal

IT industry can play a key role in raising services exports to $1 trillion a year says Piyush Goyal

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  • 17 Jan 2022
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Sale of land with electricity poles, drainage line not to attract GST, says Goa AAR

Sale of land with electricity poles, drainage line not to attract GST, says Goa AAR

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  • 17 Jan 2022
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FADA wants 18% GST on two-wheelers, 5% on used vehicles in Union Budget

FADA wants 18% GST on two-wheelers, 5% on used vehicles in Union Budget

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  • 14 Jan 2022
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Customers can pay customs duty through ICEGATE portal: Karur Vysya Bank

Customers can pay customs duty through ICEGATE portal: Karur Vysya Bank

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  • 14 Jan 2022
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Budget 2022 Expectations: Reduce GST to 5% to encourage people to buy health cover

Budget 2022 Expectations: Reduce GST to 5% to encourage people to buy health cover, exempt small-ticket insurance products

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  • 14 Jan 2022
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Navi Mumbai CGST Commissionerate busts ITC racket of more than Rs. 10 Crores

Navi Mumbai CGST Commissionerate busts ITC racket of more than Rs. 10 Crores

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  • 14 Jan 2022
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Cash Credit Account of Assessee cannot be Provisionally Attached in exercise of Powers under GST

Cash Credit Account of Assessee cannot be Provisionally Attached in exercise of Powers under GST: Gujarat High Court

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  • 13 Jan 2022
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Guidelines w.r.t export of chemicals under GAEC w.e.f January 19, 2022

Guidelines w.r.t online application for SCOMET license and post-reporting for export of chemicals under GAEC w.e.f January 19, 2022

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  • 13 Jan 2022
#gstnews

Gujarat HC rules goods in transit cannot be confiscated because of wrong route or under-valuation

Gujarat High Court has held that goods in transit cannot be confiscated under Central Goods & Services Tax (CGST) Act on grounds of wrong route or under-valuation.

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  • 13 Jan 2022
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No GST on healthcare services under membership plans by multi-super speciality hospitals: AAR

Healthcare services provided under a membership scheme run by multi-super specialty hospitals to its members and their families were not taxable and will not face goods and services tax, according to a recent tax ruling by Gujarat Authority for Advance Ruling.

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  • 12 Jan 2022
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CBIC released updated Forms in Part B of CGST Rules, 2017 upto January 01, 2022

The Central Board of Indirect Taxes & Customs (“CBIC”) has released a copy of Central Goods & Services Tax Rules, 2017 (“CGST Rules”) Part-B (Forms) as updated till January 01, 2022.

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  • 12 Jan 2022
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Is GST recovery proceeding justified for differences in outward supply in GSTR-1 vs. GSTR-3B

Finance Minister Nirmala Sitharaman, in Union Budget 2021-22, proposed changes vide the Finance Bill, 2021, that amends the Central Goods and Services Tax Act, 2017 with respect to recovery of self-assessed tax

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  • 12 Jan 2022
#gstnews

ACMA seeks uniform GST rate of 18 per cent on all auto components

The Automotive Component Manufacturers Association (ACMA), on Tuesday, stressed the need to ensure a uniform GST rate of 18 per cent on all auto components, in its recommendations to government for the forthcoming Budget.

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  • 11 Jan 2022
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Process GST concession of visually impaired man

The Madras high court has directed the Centre to process the application by a visually impaired man seeking GST concession for purchasing a car.

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  • 11 Jan 2022
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1% GST for sweets, namkeens sold over the counter, rules Karnataka AAR

A sweet shop manufacturing and selling sweets and namkeen over the counter only will be required to pay Goods & Services Tax (GST) at the rate of 1 per cent provided it is under composition scheme, Karnataka’ Authority for Advance Ruling (KAAR) has said.

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  • 11 Jan 2022
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AAAR rules ready-to-eat fryums papad to draw 18% GST

Deciding the goods and services tax rate on fryums papad could be a messy affair with the Appellate Authority for Advance Rulings (AAAR) of Gujarat now ruling that the ready-to-eat product would draw 18 per cent rate.

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  • 10 Jan 2022
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GST Refund not admissible to extent of Non-Reversal of ITC, rules Commissioner (Appeals)

The Commissioner (Appeals) has held that the GST Refund not admissible to the extent of non reversal of Input Tax Credit (ITC). The appellant, M/s Stone Craft (India) Pvt Ltd is a 100% exporter and engaged in business of buying.

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  • 10 Jan 2022
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Can levy central excise duty, GST together: Karnataka HC

BENGALURU: Holding that the sources of power under Articles 246A (pertaining to levy of GST) and 246 are mutually exclusive and could be simultaneously exercised, the Karnataka high court has dismissed a batch of petitions filed by manufacturers of tobacco and tobacco products.

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  • 10 Jan 2022
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Tax refund schemes may see sharp hike in outlay

The government will likely raise allocation under two crucial tax remission schemes for exporters RoDTEP and RoSCTL to as much as Rs 22,000-27,000 crore in the Budget for the next fiscal from about Rs 19,400 crore in FY22, a senior official told FE.

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  • 10 Jan 2022
#gstportal

Advisory w.r.t. new functionality of interest calculator in GSTR-3B

The Goods and Services Tax Network (“GSTN”) has issued Advisory dated January 08, 2022 regarding new functionality of interest calculator being released in GSTR-3B on GST Portal for Taxpayers.

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