08 Dec 2021 02:11 PM
New

Features of the new tax information portal launched by CBIC

Source: https://taxguru.in/goods-and-service-tax/features-tax-information-portal-launched-cbic.html

Introduction

CBIC has launched a revamped tax information portal https://taxinformation.cbic.gov.in/. With the help of this portal, all indirect tax legislations, rules, regulations and forms will be available for the easy reference of taxpayers. CBIC will continuously update and expand this portal in a phased manner.

07 Dec 2021 11:51 AM
New

Use GST data to raise direct tax revenue

Source: https://economictimes.indiatimes.com/small-biz/gst/use-gst-data-to-raise-direct-tax-revenue/articleshow/88117573.cms

Transparency as to employee compensation leads to better taxation of employee incomes. The more complete the GST chain, the better eventual realisations of both direct and indirect taxes.

07 Dec 2021 12:14 PM
New

GST Compliance Burden on Food Delivery Applications & Restaurants

Source: https://taxguru.in/goods-and-service-tax/gst-compliance-burden-food-delivery-applications-restaurants.html

From January 1, 2022, Food delivery apps will primarily collect5% GST with the government, on behalf of the restaurants, for deliveries made by these platforms. This has been proposed by the government with a motive to bring several restaurants under the GST regime.

06 Dec 2021 07:10 PM

Fake ITC worth Rs. 12 crores busted by Thane CGST; One Arrested

Source: https://taxguru.in/goods-and-service-tax/fake-itc-worth-rs12-crores-busted-thane-cgst-arrested.html

The officers of CGST Thane Commissionerate acting on specific intelligence developed by CIU, Mumbai CGST Zone, booked an anti-evasion case and arrested the Proprietor of M/s. Star Scrap Steel.

06 Dec 2021 06:49 PM

Stock brokers' body pleads govt to cut GST for capital markets in Budget

Source: https://www.livemint.com/market/stock-market-news/stock-brokers-body-pleads-govt-to-cut-gst-for-capital-markets-in-budget-11638788929315.html

Anmi said that Indian capital market is burdened with numerous transaction cost which includes various direct and indirect taxes, such as STT, GST, and stamp duty

04 Dec 2021 04:37 PM

Tax Discussion in the Parliament on 25.11.2021

Source: https://taxguru.in/goods-and-service-tax/tax-discussion-parliament-25-11-2021.html

GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE LOK SABHA

UNSTARRED QUESTION NO. 53

03 Dec 2021 07:24 PM

Job hoppers may have to pay GST for not serving the notice period. Details here

Source: https://www.livemint.com/money/personal-finance/job-hoppers-may-have-to-pay-gst-for-not-serving-the-notice-period-details-here-11638516056467.html

The employer can charge 18 per cent GST on the total recoveries accruing on the employee leaving the organisation without serving the notice period., say experts.