- 17 Aug 2022 05:46 PM
- New
Kerala launches app to curb GST evasion by offering attractive prizes to users
THIRUVANANTHAPURAM : In a first in India, the Kerala government has launched an app that aims to curb Goods and Service Tax (GST) evasion. The app, ‘Lucky Bill App’, was launched by chief minister Pinarayi Vijayan on Tuesday.
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- 17 Aug 2022 05:53 PM
- New
Fixing these design flaws can help states collect more GST
At a meeting with the state chief ministers, Prime Minister Narendra Modi has asked the state governments to work to improve their collections of the Goods and Services Tax (GST).
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- 16 Aug 2022 11:19 AM
- New
GST officials detect tax credit abuse with data analytics
CBIC said that CGST officials in Delhi detected a case involving availing and using inadmissible input tax credit of more than ₹53 crores without the receipt of services
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- 16 Aug 2022 05:21 PM
GST: From payment for not serving notice period to cheque dishonour, CBIC clears the air
The Circular also mentions non-compete fees, late payment charges by utility providers of electricity, water or cancellation charges levied by railways, airlines, hotels, tour operators as examples of payments made towards the independent activity of tolerating an act.
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- 13 Aug 2022 02:00 PM
Claim of 18% GST on house rent for tenants is Misleading: Govt
Source: https://taxguru.in/goods-and-service-tax/claim-18gst-house-rent-tenants-misleading-govt.html
Govt clarified on 18% GST on house rent for tenants as follows:-
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- 13 Aug 2022 01:45 PM
No GST when residential unit rented to private person
NEW DELHI : The government on Friday clarified that renting of residential unit is taxable only when it is rented to a business entity and that there is no Goods and Services Tax (GST) when it is rented to private persons for personal use.
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- 12 Aug 2022 01:24 PM
Why higher GST on chit funds is a bad idea
Despite 75 years of independence, access to borrowings from commercial banks, especially for meeting emergency needs, remains elusive for the majority of Indian households. Many Indians work in the informal sector or are self-employed. They do not have stable income streams, proof of regular income or the collateral that banks need to sanction personal as well as small business loans. This forces them to rely on sources of credit such as non-banking financial companies (NBFCs), friends and relatives, and local money lenders and pawnbrokers.
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- 12 Aug 2022 01:35 PM
GST on online gaming, casinos? Here's what is on proposal
A panel of states' finance ministers is likely to submit their report on taxation of casinos and online gaming to FM Nirmala Sitharaman in a day or two, as per a report by PTI news agency.
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- 12 Aug 2022 01:40 PM
Rains, cooling commodities augur well for economy: Centre
NEW DELHI : Easing global commodity prices bodes well for the economy and will reflect positively on the current account deficit (CAD) even as the central government keeps a close watch on trends in inflation, especially from the perspective of protecting the interests of the poor and the middle class, a top government official said on Thursday. A promising monsoon means half the battle is won, the person said.
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- 12 Aug 2022 05:15 PM
GST on rent: Govt clarifies on the new rule on residential properties
The government has clarified on the new GST or goods and services tax rules on rent, which came into effect from 18th July. In a tweet, PIB said that “renting of residential unit taxable only when it is rented to business entity️." It further clarified that “no GST when it is rented to private person for personal use; no GST even if proprietor or partner of firm rents residence for personal use."
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