- 02 Oct 2023 05:40 PM
- New
Amended GST law provisions on e-gaming, casinos, horse racing to be effective from today. Know details
Finance Ministry notifies October 1 as the date for implementation of amended GST law to tax e-gaming, casinos, and horse racing.
Read More
- 29 Sep 2023 06:35 PM
- New
Hard luck for angels
Source: https://www.livemint.com/opinion/quick-edit/hard-luck-for-angels-11695751729303.html
Closing tax loopholes is challenging but necessary. Levying goods and services tax on betting platforms and revising India's 'angel tax' help prevent tax evasion.
Read More
- 29 Sep 2023 06:23 PM
- New
GST officials seize assets worth ₹19 crore from BJP leader Pankaja Munde’s sugar factory in Beed
The Goods and Services Tax Commissionerate Monday seized assets worth ₹19 crore from Vaidyanath Co-operative sugar factory owned by BJP national secretary Pankaja Munde in Beed district of Maharashtra for not GST evasion on the sale of sugar.
Read More
- 29 Sep 2023 06:27 PM
GST Council to meet on 7 October to iron out setting up of tribunals
According to an individual familiar with government discussions, the meeting is anticipated to be brief and is convened to examine specific technical details related to the establishment of the tribunals
Read More
- 29 Sep 2023 06:30 PM
GST Council meet on Oct 7, review likely on implementation of SGST law amendments by states
A meeting of the GST Council is scheduled to be held on October 7. The Council is likely to review the progress with regard to implementation of amendments in the SGST law by different states.
Read More
- 29 Sep 2023 06:33 PM
Revenue loss still a road block to fuel GST
NEW DELHI : Petroleum products are unlikely to be brought under the Goods and Services Tax (GST) anytime soon, as doing so can cause states’ fiscal deficit to balloon, while also widening revenue losses for the Centre, two senior government officials told Mint.
Read More
- 29 Sep 2023 06:38 PM
Govt’s GST claims from gaming firms may touch ₹1.5 tn
The Directorate General of GST Intelligence (DGGI) is expected to issue tax demands of as much as ₹1.5 trillion ($18 billion) cumulatively to companies in the online gaming sector for alleged underpayment of taxes over several years, three people aware of the matter said.
Read More
- 29 Sep 2023 06:41 PM
Let us not resurrect the ghost of retro taxation
The Centre’s argument of its GST law tweak this year being clarificatory in nature may not suffice to defend what looks like retrospective taxation. We must not revive that inequity
Read More
- 29 Sep 2023 06:51 PM
Advisory: Temporary/Short Period Pause in e-Invoice Auto Population into GSTR-1
Temporary Pause in e-Invoice Auto Population in GSTR-1: Important Advisory
In a recent development, the Goods and Services Tax Network (GSTN) has issued an advisory regarding a temporary pause in the auto-population of e-Invoice data into GSTR-1. This pause is a result of essential system upgrades aimed at enhancing the overall functionality of the GST ecosystem. In this article, we will delve into the details of this advisory and its implications for taxpayers.
- 29 Sep 2023 06:48 PM
Data recap: Jobs market, government debt, GST claims, and more
Every Friday, Plain Facts publishes a compilation of data-based insights, complete with easy-to-read charts, to help you delve deeper into the stories reported by Mint in the week gone by. The Centre has stuck to its borrowing plans for the second half of the current financial year, while a report released last week showed a high level of self-employment among women since the pandemic. Meanwhile, high claims under goods and services tax (GST) from gaming firms have raised eyebrows.
Read More