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Tag: GST

MarketsBelieves it can ensure enabling provisions that will let investors take an informed decision In a bid to bring in more transparency, market regulator SEBI will ask IPO-bound companies to disclose a firm logic of their...

Opposition state finance ministers welcome Supreme Court’s ruling on GST Council

Say it will arrest shift away from Constitutional scheme Welcoming the Supreme Court’s ruling that the Goods and Service Tax (GST) Council’s...

GST Council’s opinion not binding, says Supreme Court; Revenue secretary ruling won’t alter tax regime

The ruling came in a case related to levy of inter-state GST (IGST) on ocean freight. While dismissing the Centre’s special leave petition challenging...

SC judgement on GST Council: The unravelling of GST’s uniformity promise

The Supreme Court, while deciding the correctness of the levy of IGST on ocean freight in the case of Union of India vs Mohit...

Group of ministers for raising GST on online gaming to 28%

However, it was not immediately clear whether the enhanced GST rate would be on the full contest entry amount (platform fee and prize pool)...

Infosys told to resolve GSTN glitch, returns-filing deadline may be extended

Reconciliation of GSTR-2A (real-time update of ITC) and GSTR-2B (ITC statement for the month) with GSTR-3B is needed to avoid notices due to excess...

GST levy based on capacity on pan masala, gutkha unlikely

A plan to levy goods and services tax (GST) on pan masala and gutkha on the basis of installed manufacturing capacity may be dropped...

Taxation: The right wager on online gaming

Basing the GST rate for online skill-gaming on the overall pool of money wagered by the players instead of the platform fee doesn’t make...

Complex GST compliance to sell online among reasons for MSMEs’ low digital penetration: FISME

Ease of Doing Business for MSMEs: “Only around 10 per cent of India’s small businesses sell online,” FISME said as it urged the government...

Rationalisation of tax rates to aid in revenue buoyancy: CBIC chairman

GST collections have been consistently higher than the GDP growth rate in recent years, with the monthly collection in FY22 exceeding Rs 1.25 trillion...

High cash balance of Rs 2 trillion allows states to borrow less

For FY23, the Centre has allowed the state governments additional borrowing of 0.5% of GSDP related to power sector reforms and an amount equivalent...

Small businesses keen to sell on e-commerce but mandatory GST registration major deterrent: CAIT survey

Ease of Doing Business for MSMEs: 94 per cent respondents said e-commerce companies are killing their business by their monopolistic terms. Ease of Doing...

Gujarat HC verdict on GST on under-construction flats to reduce tax outgo for buyers, say experts

This ruling ideally shall pave the way for a clarificatory circular by the department that would bring smiles to the entire ecosystem, Mohan said....

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