- 29 Oct 2021 11:47 AM
- New
Toy manufacturers to see higher GST liability following AAR ruling
While electronic toys such as expensive robots and kids’ tablets attracted 18% GST earlier, other toys such as tricycles and bicycles were taxed at 12%.
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- 28 Oct 2021 06:14 PM
- New
Centre releases ₹44,000 crore to states towards GST compensation
The frontloading of the fund transfer is meant to help states to carry out effective covid management besides making the capital expenditure needed to support economic growth
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- 27 Oct 2021 12:18 PM
- New
Access to courts through video conference not a fundamental right: Gujarat High Court to Supreme Court
The Gujarat High Court has opposed the plea before the Supreme Court to make access to virtual hearings a fundamental right, stating that demanding access to courts through video conferencing as a matter of fundamental right is a stretch since it is neither feasible nor viable to continue virtually (All India Association of Jurists v. High Court of Uttarakhand).
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- 27 Oct 2021 06:38 PM
GST authorities arrest three for running fake firms, evading tax of more than ₹48 cr
Two persons were arrested from Delhi on 5 and 9 October on charges of orchestrating a fake billing racket involving more than 20 fake firms
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- 26 Oct 2021 11:22 AM
Sale of land after development by way of erection a civil structure or a building or a complex then such supply is liable to tax under CGST/SGST Acts
Source: https://thetaxtalk.com/2021/10/25/sale-of-land-after/
GST AAR Telangana in the case of TIF Integrated Industrial Parks PVT Ltd has held that if the applicant sells the land after developing by way of erecting a civil structure or a building or a complex then such supply is liable to tax under CGST/SGST Acts.
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- 26 Oct 2021 11:56 AM
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
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
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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