- 12 Oct 2021 12:56 PM
- New
India may consider higher GST and fewer rates
A panel on goods and services tax, headed by Finance Minister Nirmala Sitharaman, will likely meet in December to consider the overhaul from the current four-rate system.
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- 11 Oct 2021 06:30 PM
- New
Government collects Rs 1.17 lakh crore as GST for September, 23% higher YoY
The higher revenue collection is a shot in the arm for government's finances that had taken a hit due to pandemic and has seen significant improvement in the second quarter of the current fiscal.
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- 11 Oct 2021 06:28 PM
- New
GST registration can't be cancelled if business not carried out from premises due to Covid 19 norms, protocols: Calcutta HC
During the first wave of the Covid 19 pandemic, many businesses opted for ‘work from home’ for their workers, even as business activity from registered premises came to a halt.
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- 11 Oct 2021 06:27 PM
Tipping point: New GST rules to complicate tax on tips, surge fees or extra delivery charges for Swiggy and Zomato
As of now, these companies pay GST only on the amount they charge over and above the cost of food. Going ahead however GST will apply on the total price of the order.
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- 11 Oct 2021 06:24 PM
Tax officials unearth Rs834 crore fraud
Source: https://www.livemint.com/news/india/tax-officials-unearth-rs834-crore-fraud-11633527402022.html
The detection of the network of entities was done by Mumbai zone officials
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- 11 Oct 2021 06:19 PM
GST: Ice creams sold at parlours taxable at 18%
Source: https://www.livemint.com/news/india/ice-creams-sold-at-parlours-taxable-at-18-11633536568286.html
Finance ministry said that ice cream parlours that sell already manufactured ice cream do not have a character of a restaurant
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- 11 Oct 2021 06:15 PM
GST on Diwali gifts: Companies could see implications on gifts doled out to customers, retailers
Companies often come up with these schemes for their retailers too to push sales. In other cases, these promotional goods and schemes are for the end customers—in both cases GST will come as a spoil sport following the AAR ruling, say tax experts.
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- 11 Oct 2021 06:12 PM
Centre releases Rs 40,000 crore to States/UTs to meet GST compensation shortfall
Earlier on 15th July, 2021 an amount of Rs 75,000 crore was released to the States & UTs with legislature. This release is in addition to normal GST compensation being released every 2 months out of actual cess collection, an official statement said.
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- 11 Oct 2021 06:03 PM
Same GST slab for ice-cream sold anywhere: Finance ministry
The government said a GST of 18% should be levied on ice cream even when they are sold inside a parlour. Earlier, ice creams attracted 5% tax when sold inside parlours and 18% outside.
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- 11 Oct 2021 05:43 PM
Ministerial group for GST rates review to meet soon: Karnataka CM
After meeting FM Nirmala Sitharaman, Karnataka CM Basavaraja Bommai said the GoM for rationalising GST rates will meet soon
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