18 Oct 2022 06:07 PM
New

India should consider taxing passenger vehicles based on emissions: Nissan MD

Source: https://www.livemint.com/news/india/india-should-consider-taxing-passenger-vehicles-based-on-emissions-nissan-md-11666095447778.html

For a cleaner environment, India should consider taxing passenger vehicles based on emissions rather than length and engine size of vehicles, said Nissan Motor India MD Rakesh Srivastava on 18 October.

17 Oct 2022 06:15 PM
New

Sale of illegal fire-crackers without invoice – CGST officials bust racket

Source: https://taxguru.in/goods-and-service-tax/sale-illegal-fire-crackers-invoice-cgst-officials-bust-racket.html

The Anti-Evasion Branch, CGST Commissionerate Faridabad, Panchkula CGST Zone, received an information that M/s R. P. Enterprises having its registered principal place of business at village-Baghola, District Palwal, Haryana and additional premises at Sihi Gate, Ballabhgarh, Haryana, is engaged in purchase and sale of fire crackers without invoice. Accordingly, the Anti-Evasion Branch, CGST Commissionerate Faridabad, conducted simultaneous searches under Section 67 (2) of the CGST Act, 2017 on the 12th October, 2022, which continued for whole night.

14 Oct 2022 05:30 PM
New

Overtaxing online gaming will favour grey operators

Source: https://www.livemint.com/opinion/online-views/overtaxing-online-gaming-will-favour-grey-operators-11665679474472.html

Five years ago, not even the staunchest believers of India’s online gaming success story could have predicted that by 2022, this industry would be entertaining over 200 million people, generating over $2 billion in revenues and be worth over $20 billion. Similarly, it is hard to foresee today that by 2030, Indian online gaming companies could be generating over $25 billion in revenues and offering India’s most dominant form of entertainment after cricket. Achieving this dream, however, would require more than just entrepreneurial spirit, of which there is no dearth in the country. It would require the right policy framework that gives operators an opportunity to innovate, protects users from operator and self-abuse, and maximizes tax revenues without hurting the industry’s growth and innovation.

14 Oct 2022 05:36 PM

E-way bills shoot up to record high

Source: https://www.livemint.com/economy/eway-bills-shoot-up-to-record-high-11665683316341.html

NEW DELHI : Electronic permits for transporting goods within and across states (e-way bills) shot up to a record high of over 84 million in September, signalling a strong boost to economic activity in the festive season.

14 Oct 2022 05:40 PM

Cess on coal gasification may be waived

Source: https://www.livemint.com/industry/energy/cess-on-coal-gasification-may-be-waived-11665688603535.html

NEW DELHI : In a bid to boost coal gasification—a cleaner way to use coal—the government is considering waiving the GST compensation cess of ₹400 per tonne of coal used for the purpose.

14 Oct 2022 05:43 PM

18% GST on Paratha! Kejriwal says, 'Even Britishers did not tax food'

Source: https://www.livemint.com/news/india/18-gst-on-parathas-kejriwal-says-even-britishers-did-not-tax-food-11665716357150.html

Delhi Chief Minister Arvind Kejriwal has taken a swipe at the ruling Bharatiya Janata Party (BJP) as Gujarat’s Appellate Authority for Advance Ruling (AAAR) has decided to impose 18% GST on packaged paratha.

14 Oct 2022 05:52 PM

Webinar on Recent critical developments in GST & Customs

Source: https://taxguru.in/goods-and-service-tax/webinar-critical-developments-gst-customs.html

Webinar on ‘GST & CUSTOMS – Recent critical developments & way forward for Industry October 2022’

14 Oct 2022 05:56 PM

GST Council Newsletter for the month of September 2022

Source: https://taxguru.in/goods-and-service-tax/gst-council-newsletter-month-september-2022.html

The gross GST revenue collected in the month of September, 2022 is ₹1,47,686 crore of which CGST is ₹25,271 crore, SGST is ₹31,813 crore, IGST is ₹80,464crore (including ₹41,215 crore collected on import of goods) and Cess is ₹10,137 crore (including ₹ 856 crore collected on import of goods).

11 Oct 2022 05:29 PM

GST Appellate Tribunals: Can it reduce the problem of pending cases?

Source: https://economictimes.indiatimes.com/small-biz/gst/gst-appellate-tribunals-can-it-reduce-the-problem-of-pending-cases/articleshow/94777985.cms

As per the current construct, GSTAT can hear matters in an appeal against the orders passed by the GST appellate authority or revisional authority.
At a time when GST audits by the tax officers are in full swing and controversies are brewing, these Tribunals could be a lifesaver.

10 Oct 2022 06:53 PM

GST profiteers return ₹500 crore to customers

Source: https://www.livemint.com/politics/news/over500-cr-in-gst-linked-excess-profits-recovered-11665337086707.html

Several petitions challenging the constitutional validity of the anti-profiteering provision in GST law are now pending before the Delhi high court.