- 26 Oct 2021 11:56 AM
- New
Solar power tariffs may touch ₹2.7 a unit: Crisil
A higher GST is being levied on cells, modules and inverters from 1 Oct after the 45th GST council meeting held on 17 Sept recommended increasing the GST on ‘Specified Renewable Energy Devices and parts’ from 5% to 12%
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- 26 Oct 2021 12:21 PM
- New
Gujarat HC issues notice on Plea challenging Constitutional Validity of CGST Rule 90(3)
GST Rule 90(3) treating Rectified Refund Application as fresh applicant after rectification of the deficiencies. Proviso has been added to Rule 90(3) to exclude the time period from the date of filing of the refund claim in FORM GST RFD-01 till the date of communication of the deficiencies in FORM GST RFD-03 by the proper officer, from the period of two years as specified under sub-section (1) of Section 54, in respect of any such fresh refund claim filed by the applicant after rectification of the deficiencies.
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- 25 Oct 2021 11:05 AM
- New
GST authorities arrest one in input tax credit fraud worth ₹91 cr from Thane
The accused's firm was dealing in trading of asbestos, cotton yarn, sewing thread, etc. It had fraudulently taken credit of input tax showing the value of goods amounting to ₹503.80 crore
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- 25 Oct 2021 05:14 PM
Duty, taxes to lift solar tariffs to about ₹2.6 per unit next fiscal
The Union government has increased GST on critical components required for a solar project, such as photovoltaic cells and modules, from 5% to 12% with effect from 1 October 2021
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- 23 Oct 2021 12:27 PM
CBIC reminds deadline for filing GST return. Details here
Central Board of Indirect Taxes and Customs (CBIC) has asked to furnish 'Form ITC-04' for July to September 2021 quarter by 25th October 2021
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- 23 Oct 2021 05:59 PM
Pen in pain: Pen associations write to government over GST rate increase
Industry trackers say that the low cost pens have high price elasticity and slightest increase in the cost results in disproportionate reduction in sales.
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- 22 Oct 2021 03:36 PM
Taxpayer cannot obtain advance ruling in respect of past & completed supply
The Applicant, is a healthcare company in India, registered under the GST regime and Novartis AG (‘NAG’) is a Switzerland based pharma company which owns rights of Trade Marks (namely ‘Jalra’ and ‘Jalra M’) across the world including India. The said Trade Marks are registered in the name of NAG under the Indian Trade Marks Act, 1999 and the Trade Marks Rules, 2017 in India.
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- 22 Oct 2021 01:21 PM
IT system reforms in GST: GoM agrees to tackle fake invoicing menace
Deputy chief minister Ajit Pawar, who heads the Group of Ministers (GoM) on IT issues in GST, chaired the first virtual meeting on Thursday. The GoM agreed upon suitable checks and balances to tackle the menace of fake invoicing so as to regulate input tax credit (ITC) flow. Further, the GoM also decided to put in place mechanisms for better verification at the time of registration and weed out fake registrants using artificial intelligence (AI)/machine learning (ML)-based analytics focused on network analysis and leads for fraud detection.
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- 20 Oct 2021 12:56 PM
Suggestions on GST Portal – Forms, Functionalities, Recent changes
1. The Institute of Chartered Accountants of India considers it a privilege to submit its suggestions on GST Portal. We shall be pleased to discuss these suggestions in the meeting scheduled to be held on 27th August, 2021 to illustrate the points made by us.
2. We look forward to contributing to the smooth implementation of GST laws in India.
3. In case any further clarifications or data is considered necessary, we shall be pleased to furnish the same. Our contact details are:
- 20 Oct 2021 11:48 AM
Canteen services for employees out of GST net
In a recent ruling, the Gujarat Authority for Advance Ruling (AAR) said that GST is not applicable on the amount collected from the employees towards canteen charges.
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