- 28 Dec 2021 05:41 PM
- New
CBIC clarifies on Explanation added in Section 75(12) of CGST Act
Source: https://taxguru.in/goods-and-service-tax/cbic-clarifies-explanation-added-section-7512-cgst-act.html
CBIC clarifies on twitter on Explanation added in Section 75(12) of CGST Act vide Finance Act, 2021 with effect from 01.01.2022 which was notified vide Notification No. 39/2021–Central Tax | Dated: 21st December, 2021.Explanation added was as follows:-
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- 28 Dec 2021 05:49 PM
- New
Levy of 12% GST on Textiles : Request for deferment of implementation
Confederation of All India Traders requested for deferment of implementation of levy of 12% GST on Textiles. As according to them increase in GST Rate on Textile is illogical and beyond the canon of GST tax structure particularly at a time when the domestic trade of the Country is on the verge of recovery from the colllosal damage caused due to last two spells of the covid. Read Full Text of the Representation
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- 28 Dec 2021 06:05 PM
- New
DGGI Ahmedabad seizes more than Rs 177 crore in Kanpur search operations
Source: https://www.pib.gov.in/PressReleasePage.aspx?PRID=1785617
Search operations in related premises continue with recovery of Rs 17 crore, 64 kg gold and 600 kg sandalwood oil worth Rs 6 crore
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- 28 Dec 2021 06:11 PM
Public Debt Management Quarterly Report for July - September 2021 (Q2 FY22)
Source: https://www.pib.gov.in/PressReleasePage.aspx?PRID=1785831
Since Apr-June (Q1) 2010-11, Public Debt Management Cell (PDMC) (earlier Middle Office), Budget Division, Department of Economic Affairs, Ministry of Finance, has been bringing out a quarterly report on debt management on a regular basis. The current report pertains to the quarter July - September 2021 (Q2 FY22).
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- 25 Dec 2021 07:55 PM
New GST rates on textile likely from January
The sector had opposed the increase citing higher compliance costs, especially for the unorganised sector and micro, small and medium enterprises (MSMEs), besides making clothing more expensive for the poor.
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- 25 Dec 2021 07:58 PM
GST: DGGI, Ahmedabad Initiated Search Operations In Kanpur
Source: https://taxguru.in/goods-and-service-tax/gst-dggi-ahmedabad-initiated-search-operations-kanpur.html
Officers Of Directorate General Of GST Intelligence (DGGI), Ahmedabad With The Support Of Officers Of Local Central GST Initiated Search Operations In Kanpur
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- 24 Dec 2021 06:34 PM
New GST rates on textile likely from January
The sector had opposed the increase citing higher compliance costs, especially for the unorganised sector and micro, small and medium enterprises (MSMEs), besides making clothing more expensive for the poor.
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- 24 Dec 2021 07:04 PM
Govt working to bring changes in GST Act, public platforms to support business: Jayant Sinha
Public platforms such as UPI and Aadhaar are very important platforms. Even then, for us to leapfrog, we have to do more in terms of public platforms," Sinha said while speaking at the Assocham e-summit on 'Non-Banking Finance Companies & Infrastructure Financing: Transforming the Financial Lending Landscape'.
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- 23 Dec 2021 06:39 PM
E-way bills signal pick up in economic activity in December
GST collections had grown from ₹92,000 crore in June to ₹1.31 trillion in November, the second highest since GST roll out. The central government said last week its net direct tax collection so far this year has touched ₹9.45 trillion, growing 60.8% year-on-year
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- 22 Dec 2021 06:24 PM
No recommendation by GST Council to bring petroleum products under new tax regime
The change in duties takes into account relevant factors such as international product prices, exchange rate, tax structure, inflation and keeping in view the prevailing fiscal situation, Minister of State for Finance Pankaj Chaudhary said.
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