30 Mar 2022 05:41 PM
New

Framework for GST summons in works

Source: https://economictimes.indiatimes.com/small-biz/gst/framework-for-gst-summons-in-works/articleshow/90534665.cms

The government is drawing up a framework for issuing summons to the top management of companies or arrest by goods and services tax (GST) authorities amid growing concerns about arbitrariness and harassment, said officials.

29 Mar 2022 06:43 PM
New

Need simpler GST regime, stable policy setting: Sumant Sinha, Assocham President

Source: https://economictimes.indiatimes.com/small-biz/gst/need-simpler-gst-regime-stable-policy-setting-sumant-sinha-assocham-president/articleshow/90512463.cms

India needs a strong contract-enforcement agency, a simple GST regime and simplified taxation process along with a stable policy environment to significantly improve ease of doing business, said Sumant Sinha, the newly elected president of Assocham.

29 Mar 2022 06:53 PM
New

E-Way Bill provisions applicable to co-op societies registered under GST

Source: https://taxguru.in/goods-and-service-tax/e-way-bill-provisions-applicable-co-op-societies-registered-gst.html

GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE LOK SABHA UNSTARRED QUESTION No. 4107 TO BE ANSWERED ON MONDAY, MARCH 28, 2022/CHAITRA 7, 1944 (SAKA) E-WAY BILL FOR INTRA-STATE MOVEMENT OF GOODS

29 Mar 2022 06:55 PM

Ease of doing business important for widening of Tax base under GST CAIT

Source: https://taxguru.in/goods-and-service-tax/ease-business-important-widening-tax-base-gst-cait.html

On behalf of traders of the Country, we compliment you and the GST Council for collection of about Rs. 1 crore 33 lakh GST tax revenue for the month of February, 2022 which is almost 28 % increase in GST collection in about four years as in the first month of implementation GST collection for the month of August, 2017 was Rs.95633 lakh, However, we are of the opinion that the 28% increase in GST collection would have been more than 50% if efforts were made to widen the tax base as there is large potentiality of addition of more taxpayers into the fold of GST

29 Mar 2022 06:57 PM

No plan to reduce GST on Raw materials required for production of sanitary napkins

Source: https://taxguru.in/goods-and-service-tax/plan-reduce-gst-raw-materials-required-production-sanitary-napkins.html

GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE ***** LOK SABHA UNSTARRED QUESTION NO.3981 TO BE ANSWERED ON MONDAY THE 28TH MARCH, 2022 CHAITRA 7, 1944 (SAKA) TAX ON RAW MATERIALS OF SANITARY NAPKINS

29 Mar 2022 07:01 PM

Govt detects GST evasion by 11 Cryptocurrency Exchanges

Source: https://taxguru.in/goods-and-service-tax/govt-detects-gst-evasion-11-cryptocurrency-exchanges.html

GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF ECONOMIC AFFAIRS LOK SABHA UNSTARRED QUESTION NO.3964 TO BE ANSWERED ON 28.03.2022 Cryptocurrency Exchanges 3964: SHRI RAMALINGAM S.:

29 Mar 2022 07:05 PM

GST Rating in Kerala: Tax Payer Card- Logic Document

Source: https://taxguru.in/goods-and-service-tax/gst-rating-kerala-tax-payer-card-logic-document.html

Evaluation Areas and Factors:

The rating is applied only on Tax Payers having annual turnover above 1.5 Cr under Regular Tax Payer Category.

Period of Data Used for calculation: The data used for calculation is from July 2017 till 01.10.2021 (which will be updated on quarterly basis).

28 Mar 2022 11:39 AM

Upcoming Changes in GSTR-1, GSTR-2A, GSTR-3B

Source: https://taxguru.in/goods-and-service-tax/upcoming-gstr-1-gstr-2a-gstr-3b.html

GSTN – Upcoming changes/initiatives:-
♦ SMS based NIL Return filing for GSTR-3B and GSTR-1.

28 Mar 2022 11:44 AM

New change in GSTR-3B, table 3.1(A)

Source: https://taxguru.in/goods-and-service-tax/new-change-gstr-3b-table-3-1a.html

New change in GSTR-3B, table 3.1(A) The GST Council in its 45th meeting held on 17th September, 2021 recommended to notify “Restaurant Service” under section 9(5) of the CGST Act, 2017 along with other services notified earlier such as motor cabs, accommodation and housekeeping services wherein the tax on such supplies would be paid by electronic commerce operator if such supplies made through it.

28 Mar 2022 01:38 PM

Why GST needs administrative overhaul instead of rate changes

Source: https://economictimes.indiatimes.com/small-biz/gst/why-gst-needs-administrative-overhaul-instead-of-rate-changes/articleshow/90454356.cms

On 1 July 2017, GST was launched with a lot of expectations of reducing the cascading effects of double taxation which in turn will reduce the overall tax burden on goods and services making them more competitive in domestic as well as international markets. Further, it was expected that the indirect tax system in India will be simplified as many taxes were subsumed under GST.