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

Source: https://economictimes.indiatimes.com/small-biz/gst/gst-registration-cant-be-cancelled-if-business-not-carried-out-from-premises-due-to-covid-19-norms-protocols-calcutta-hc/articleshow/86772908.cms

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.

11 Oct 2021 06:27 PM
New

Tipping point: New GST rules to complicate tax on tips, surge fees or extra delivery charges for Swiggy and Zomato

Source: https://economictimes.indiatimes.com/small-biz/gst/tipping-point-new-gst-rules-to-complicate-tax-on-tips-surge-fees-or-extra-delivery-charges-for-swiggy-and-zomato/articleshow/86772965.cms

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.

11 Oct 2021 06:24 PM
New

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

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

11 Oct 2021 06:15 PM

GST on Diwali gifts: Companies could see implications on gifts doled out to customers, retailers

Source: https://economictimes.indiatimes.com/small-biz/gst/gst-on-diwali-gifts-companies-could-see-implications-on-gifts-doled-out-to-customers-retailers/articleshow/86859273.cms

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.

11 Oct 2021 06:12 PM

Centre releases Rs 40,000 crore to States/UTs to meet GST compensation shortfall

Source: https://economictimes.indiatimes.com/small-biz/gst/centre-releases-rs-40000-crore-to-states/uts-to-meet-gst-compensation-shortfall/articleshow/86839062.cms

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.

11 Oct 2021 06:03 PM

Same GST slab for ice-cream sold anywhere: Finance ministry

Source: https://economictimes.indiatimes.com/small-biz/gst/same-gst-slab-for-ice-cream-sold-anywhere-finance-ministry/articleshow/86838302.cms

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.

11 Oct 2021 05:43 PM

Ministerial group for GST rates review to meet soon: Karnataka CM

Source: https://www.livemint.com/news/india/ministerial-group-for-gst-rates-review-to-meet-soon-karnataka-cm-11633709717098.html

After meeting FM Nirmala Sitharaman, Karnataka CM Basavaraja Bommai said the GoM for rationalising GST rates will meet soon

17 Aug 2020 04:15 PM

Gold premiums fall in India amid drop in prices

Source: https://www.livemint.com/market/commodities/gold-premiums-fall-in-india-amid-drop-in-prices-11597547361258.html

On a weekly basis, gold prices in India about ?2,600 per 10 gram
Gold prices in India include import duty and GST