GST claims of states to be cleared when AG certificate received: FM Sitharaman
  • 12 Dec 2022 06:08 PM
  • New

GST claims of states to be cleared when AG certificate received: FM Sitharaman

Source: https://www.livemint.com/news/india/gst-claims-of-states-to-be-cleared-when-ag-certificate-received-fm-sitharaman-11670838734489.html

Union Finance Minister Nirmala Sitharaman on Monday said GST claims of state governments will be cleared once she gets relevant papers along with a certificate from their respective accountant generals.

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Live Webinar on Block Credit under GST- Section 17(5) on 12th December
  • 12 Dec 2022 06:17 PM
  • New

Live Webinar on Block Credit under GST- Section 17(5) on 12th December

Source: https://taxguru.in/goods-and-service-tax/live-webinar-block-credit-section-17-5-12th-december-2022-4-00-pm.html

Live Webinar on Block Credit under GST- Section 17(5) on 12th December, 2022 at 4.00 P.M.
♦ Overview of Section 17(5).
♦ Block credit under section 17(5)

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GST collection to help achieve FY23 revenue growth target
  • 08 Dec 2022 06:20 PM
  • New

GST collection to help achieve FY23 revenue growth target

Source: https://www.livemint.com/news/india/gst-collection-to-help-achieve-fy23-revenue-growth-target-11670431889912.html

GST collections will help achieve FY23 revenue growth target on the indirect taxes front, despite the impact of duty cuts on central excise and customs mop-up, a top official said on Wednesday.

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Online gaming industry for 28% GST on gross gaming revenue not on entry amount
  • 08 Dec 2022 06:24 PM

Online gaming industry for 28% GST on gross gaming revenue not on entry amount

Source: https://www.livemint.com/news/india/online-gaming-industry-for-28-gst-on-gross-gaming-revenue-not-on-entry-amount-11670493951366.html

Online skill-based gaming industry is fine with the government raising GST on online gaming from 18 per cent to 28 per cent but it should be levied only on gross gaming revenue (GGR) and not on contest entry amount as could hit the USD 2.2-billion sector, say industry players.

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GST council likely to consider decriminalisation of GST law in 17 December meet
  • 06 Dec 2022 05:59 PM

GST council likely to consider decriminalisation of GST law in 17 December meet

Source: https://www.livemint.com/economy/gst-council-likely-to-consider-decriminalisation-of-gst-law-in-17-december-meet-11670262876104.html

The Goods and Services Tax (GST) Council scheduled to meet virtually on 17 December, is likely to discuss decriminalisation of offences under GST law, along with raising the threshold of launching prosecution to ₹20 crore, from ₹5 crore at present, news agency PTI quoted officials as saying.

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GST law may be rid of crime tags
  • 06 Dec 2022 06:03 PM

GST law may be rid of crime tags

Source: https://www.livemint.com/news/india/gst-council-meeting-to-consider-de-criminalisation-of-law-11670263422544.html

The Goods and Services Tax (GST) Council will consider proposals to decriminalize GST law and to set up appellate tribunals to resolve disputes at its next meeting on 17 December, a government official said.

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Cut excise duty on CNG till gas is included in GST: Kirit Parikh panel
  • 06 Dec 2022 06:06 PM

Cut excise duty on CNG till gas is included in GST: Kirit Parikh panel

Source: https://www.livemint.com/news/india/cut-excise-duty-on-cng-till-gas-is-included-in-gst-kirit-parikh-panel-11670320309548.html

The Central government should moderate the excise duty levied by it on CNG till natural gas is included in GST regime, recommended the Kirit Parikh committee.

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PAN likely to become single ID for investment approvals: What this means
  • 06 Dec 2022 06:11 PM

PAN likely to become single ID for investment approvals: What this means

Source: https://www.livemint.com/news/india/pan-likely-to-become-single-id-for-investment-approvals-what-this-means-11670326448147.html

Your Permanent Account Number (PAN) is likely to become the only identification needed for seeking different clearances and approvals from the central and state departments for your business. The Centre has announced that it is planning to allow businesses to use the PAN instead of other data as a unique identifier for entering into national single window system (NSWS) for such approvals.

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GST amnesty scheme: Why taxpayers need an opportunity to correct inadvertent errors
  • 06 Dec 2022 06:19 PM

GST amnesty scheme: Why taxpayers need an opportunity to correct inadvertent errors

Source: https://economictimes.indiatimes.com/small-biz/gst/gst-amnesty-scheme-why-taxpayers-need-an-opportunity-to-correct-inadvertent-errors/articleshow/96018924.cms

In the initial years, people struggled in understanding the impact of the new regime on their businesses, getting their internal systems revamped and training personnel to undertake the requisite compliances.

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Govt panel may not reach consensus on taxing online gaming: Report
  • 05 Dec 2022 05:59 PM

Govt panel may not reach consensus on taxing online gaming: Report

Source: https://www.livemint.com/news/india/govt-panel-may-not-reach-consensus-on-taxing-online-gaming-report-11670236539971.html

A panel of Indian state finance ministers has yet to submit its report on taxation of the booming online gaming sector that is crucial to a final decision on how the levies should be imposed, a senior government official said on Monday.

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