- 17 Jul 2022 04:29 PM
- New
Request to clarify on GST on ‘pre-packaged & labelled’ goods
Source: https://taxguru.in/goods-and-service-tax/request-clarify-gst-aepre-packaged-labelledaegoods.html
Representation Letter to CBIC seeking clarification on GST on per-packaged labelled food items
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- 16 Jul 2022 04:50 PM
- New
Government notifies GST rate changes, to revamp return form
NEW DELHI : The government has notified several tax rate changes cleared by the Goods and Services Tax (GST) Council at its meeting last month which will take effect from Monday and has sought public comments on a revamp of the GST return form. The new rates notified include a 5% tax on services provided by clinical establishments by way of room other than intensive, critical care, intensive cardiac care and neonatal intensive care units where the rent levied is more than ₹5,000 a day.
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- 16 Jul 2022 04:57 PM
- New
GST on food items: Traders hold protests; grain markets closed
New Delhi's wholesale and retail grain markets were shut down on July 16 as a result of a protest by business owners against the GST Council's decision to impose a 5% GST on pre-packaged and labelled food items. Due to the market bandh called by traders, wholesale grain markets in Narela, Bawana, and other areas of the city seemed desolate. The city's retail grain markets were all shut down.
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- 16 Jul 2022 05:05 PM
How uniformity in tax law made a common national market
The GST law is driven by the recommendations of the GST Council, which is a body having representation from both Central and State Governments, thus promoting uniformity in law, practice, tax processes and standardisation of reports or filings.
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- 16 Jul 2022 05:19 PM
New GST googly: Gifted IPL tickets are no longer free
This would mean that any IPL franchise owner gifting complimentary tickets to its employees will have to cough up GST on the value. KPH Dream Cricket Private Ltd, which operates an IPL cricket team under the title Punjab Kings, had approached the Punjab bench of AAAR for clarity on the matter.
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- 16 Jul 2022 05:28 PM
Draft paper released on changes to GSTR-3B
The draft, approved by the GST Council in its 47th meeting held last month, has incorporated many recommendations by the industry such as auto population of values and streamlining process of input tax credit and IGST settlement, and allowing negative values.
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- 15 Jul 2022 01:45 PM
GST rate hike: List of items to get costlier from next week
GST rate hike: Be ready to spend more for household items, hotels, bank services, among others from next week. After the recommendations that were taken up in the two-day 47th GST Council meeting in Chandigarh on Wednesday, the Goods and Services Tax (GST) were hiked for numerous items.
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- 15 Jul 2022 01:52 PM
Comprehensive changes in FORM GSTR-3B
Source: https://taxguru.in/goods-and-service-tax/comprehensive-changes-in-form-gstr-3b.html
A proposal of comprehensive changes in FORM GSTR-3B was deliberated by the GST Council in its 47th meeting held at Chandigarh on 28th and 29th June 2022. The Council recommended that the said proposal may be placed in public domain for seeking inputs and suggestions of the stakeholders.
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- 14 Jul 2022 04:14 PM
One arrested for GST fraud
Source: https://www.livemint.com/news/india/one-arrested-for-gst-fraud-11657724029473.html
The Directorate General of GST Intelligence has arrested one person for allegedly availing of input tax credit on the basis of invoices without actual supply of goods, an official statement said.
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- 14 Jul 2022 04:52 PM
GST Fraud of Rs 52.04 crore – DGGI Gurugram arrests one person
The Gurugram Zonal Unit (GZU) of Directorate General of GST Intelligence (DGGI), has arrested one person under the provisions of the GST Act on charges of availment of Input Tax Credit on the strength of goods-less invoices.
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