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Tag: #GST

GST hike on online gaming may be deferred due to disagreements
GST News

GST hike on online gaming may be deferred due to disagreements

TW Editorial TeamDecember 8, 2022December 8, 2022

GST on online gaming: According to sources, there was agreement on the 28% levy, but not on the mechanism valuation…

GST : Jurisdiction of Central Tax Officers of Delhi and Mumbai amended [Read Notification]
GST Articles

GST : Jurisdiction of Central Tax Officers of Delhi and Mumbai amended [Read Notification]

TW Editorial TeamJanuary 13, 2021January 13, 2021

The CBIC vide Notification No. 02/2021 – Central Tax, dated 12.01.2021 amended Notification No. 2/2017-Central Tax, dated 19.6.2017 which states about appointment of…

All about GST on sale of second hand goods under Margin Scheme
GST Articles

All about GST on sale of second hand goods under Margin Scheme

Frah SaeedDecember 19, 2020December 19, 2020

Normally as per Section 15 of the CGST Act, 2017, GST is charged on the transaction value of the supply…

Can ITC be claimed of GST paid on the purchase / installation of lift ?
GST Articles

Can ITC be claimed of GST paid on the purchase / installation of lift ?

Frah SaeedJuly 29, 2020September 26, 2020

The availing of input tax credit (ITC) on lift has been a debate issue under GST law in cases where…

GST Compensation cess collection falls 42% short in FY20
GST News

GST Compensation cess collection falls 42% short in FY20

TW Editorial TeamJuly 28, 2020July 28, 2020

Compensation for last fiscal paid to States using previous years’ balance of cess The Centre made up a 42% shortfall…

DGGI books three firms for over Rs 600 crore GST evasion
GST News

DGGI books three firms for over Rs 600 crore GST evasion

TW Editorial TeamJuly 27, 2020July 27, 2020

The case was detected and developed by the officers on further data analytics out of a case booked against one…

Centre releases Rs 13,806 crore GST compensation to states for March,2020
GST News

Centre releases Rs 13,806 crore GST compensation to states for March,2020

TW Editorial TeamJuly 27, 2020July 27, 2020

The total amount of compensation released for 2019-20 is Rs 1,65,302 crore whereas the amount of cess collected during the…

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