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.
Read MoreLive 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)
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.
Read MoreOnline 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.
Read MoreThe 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.
Read MoreThe 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.
Read MoreThe 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.
Read MoreYour 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.
Read MoreIn 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.
Read MoreA 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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