- 17 Dec 2022 06:17 PM
- New
GST Council raises monetary limit to launch prosecution; clarifies on several legal provisions
NEW DELHI: Federal indirect tax body, the Goods and Services Tax (GST) Council, on Saturday decided to raise the monetary threshold for launching prosecutions under GST law to ₹2 crore from ₹1 crore now, and also decided to de-criminalise three offences in addition to issuing several clarifications to bring certainty to businesses, especially in automobile and insurance sectors.
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- 17 Dec 2022 06:23 PM
- New
What is SUV? GST Council sets criteria to define it
The GST Council on Saturday clarified on the definition of SUVs (sports utility vehicles) for levy of 22% compensation cess and decided to come out with parameters to define MUVs (multi utility vehicles).
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- 16 Dec 2022 06:12 PM
- New
Ahead of GST Council meet, GoM submits report on online gaming, casinos to FM Sitharaman
The panel of state ministers – set up by the GST Council to look into taxation of online gaming and casinos – submitted its report to Finance Minister Nirmala Sitharaman on 15 December.
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- 15 Dec 2022 05:15 PM
Centre working to slow inflation, FM Nirmala Sitharaman says
The government is working to slow inflation further, and is closely monitoring the prices of essential commodities, finance minister Nirmala Sitharaman said, adding that the country is protected from the risk of stagflation due to its relatively slow inflation rates and fast growth.
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- 14 Dec 2022 05:27 PM
GST Council to raise monetary limit to prosecute tax evasion
The Goods and Services Tax (GST) Council will on Saturday consider raising the monetary threshold for launching prosecution for tax evasion, two people familiar with the Centre-state discussions said, as the federal indirect tax body aims to improve business climate and ease of doing business.
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- 13 Dec 2022 05:53 PM
GST evasion of ₹23,000 cr by gaming cos in April 2019-Nov 2022
Good and Services Tax (GST) evasion of nearly ₹23,000 crore by gaming companies in the period between April 2019 and November 2022 is being investigated by the tax officers, said Minister of State for Finance Pankaj Chaudhary on Monday.
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- 12 Dec 2022 06:03 PM
GST Council to set scope of tribunals at this week’s meet
NEW DELHI : The Goods and Services Tax (GST) Council will meet on 17 December to decide on the composition and regional distribution of appellate tribunals that will handle GST disputes, but will not address the contentious issue of taxation of online gaming, horse racing, and casinos, two people familiar with centre-state discussions said.
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- 12 Dec 2022 06:08 PM
GST claims of states to be cleared when AG certificate received: FM Sitharaman
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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- 12 Dec 2022 06:17 PM
Live Webinar on Block Credit under GST- Section 17(5) on 12th December
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)
- 08 Dec 2022 06:20 PM
GST collection to help achieve FY23 revenue growth target
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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