13 Feb 2023 06:11 PM
New

CBI Registers A Case Against An Assistant Commissioner of CGST

Source: https://taxguru.in/goods-and-service-tax/cbi-registers-case-assistant-commissioner-cgst.html

CBI REGISTERS A CASE AGAINST AN ASSISTANT COMMISSIONER OF CGST & HIS WIFE ON THE ALLEGATIONS OF POSSESSING DISPROPORTIONATE ASSETS AND RECOVERS CASH OF Rs.42 LAKH(APPROX) DURING SEARCHES

10 Feb 2023 05:48 PM
New

Excise dept officials inspect Adani Group company warehouse in Himachal Pradesh

Source: https://www.livemint.com/news/india/excise-dept-officials-inspect-adani-group-company-warehouse-in-himachal-pradesh-11675945240560.html

The officials were apparently investigating possible GST violations by the company, a 50:50 joint venture between the Adani conglomerate and Singapore-based Wilmar.

10 Feb 2023 05:56 PM
New

Fitment panel to discuss cement GST reduction

Source: https://www.livemint.com/news/india/fitment-panel-to-discuss-cement-gst-reduction-11676022800972.html

The industry is seeking a reduction in the tax rate on the construction material as it will help to lower the cost of projects.

08 Feb 2023 05:38 PM

Govt to look into cement sector plea to cut GST

Source: https://www.livemint.com/news/india/govt-to-look-into-cement-sector-plea-to-cut-gst-11675791969840.html

The suggestion comes at a time the Central government has scaled up its capital expenditure from ₹7.28 trillion in FY23 to ₹10 trillion in FY24 in the Union budget presented on 1 February.

08 Feb 2023 05:43 PM

GST clarity on crypto assets may take time

Source: https://www.livemint.com/news/india/gst-clarity-on-crypto-assets-may-take-time-11675792305063.html

New Delhi: Plans to bring in more clarity on whether or not the Goods and Services Tax (GST) is appliable for certain types of crypto asset transaction are likely to take more time as policy makers await the outcome of an investigation into specific cases.

07 Feb 2023 05:38 PM

Centre will not merge GST tax rates in FY24: Report

Source: https://www.livemint.com/news/india/centre-will-not-merge-gst-tax-rates-in-fy24-report-11675694443550.html

India's government will likely not contemplate merging tax rates for the Goods and Services Tax (GST) regime in the financial year FY24 to maintain stability. The plan of overhauling tax rates in GST has taken rounds for more than a year now.

07 Feb 2023 05:45 PM

GST on digital services: Budget 2023-24 broadens scope of OIDAR

Source: https://economictimes.indiatimes.com/small-biz/gst/gst-on-digital-services-budget-2023-24-broadens-scope-of-oidar/articleshow/97678307.cms

The levy of tax on Online information and Database Access Service (OIDAR) was introduced in India in 2001 under the erstwhile service tax regime and in 2016 the ambit of services was widened to include several digital services into the tax fold.

07 Feb 2023 06:30 PM

DGGI, NFSU sign MoU for setting up of digital forensic laboratories

Source: https://www.livemint.com/news/india/dggi-nfsu-sign-mou-for-setting-up-of-digital-forensic-laboratories-11675772981557.html

Quick and effective convictions of serious tax offenders not only secure government revenues and plug leakages but also ensure trade facilitation by ensuring a fair tax regime for the honest taxpayer

06 Feb 2023 05:52 PM

Ease of GST compliance: Still a distant dream

Source: https://economictimes.indiatimes.com/small-biz/gst/ease-of-gst-compliance-still-a-distant-dream/articleshow/97636617.cms

GST compliances which were envisaged to be easier and less complex, have turned out to be a compliance nightmare with multiple and frequent changes in the tax returns and reporting requirements.

06 Feb 2023 06:24 PM

Model GST Audit Manual

Source: https://taxguru.in/goods-and-service-tax/model-gst-audit-manual.html

This model GST Audit Manual is intended to be developed as a comprehensive document which would be helpful for the audit officers of the Gujarat State throughout the entire process of selection of taxpayers for audit till the completion of audit in an efficient and effective manner.