Building institutions such as GST Council takes time and patience: Nirmala Sitharaman
The Union finance minister was responding to opposition criticism on issues surrounding the apex tax body India’s Finance Minister Nirmala Sitharaman on…
Tag: GST
Threshold for criminal offences under GST law may be raised
The government is looking at decriminalising some provisions under the Goods and Services Tax (GST) by allowing compounding of offences…
CGST Mumbai Zone busts case of non-payment of GST, fraud ITC availment
The Bhiwandi Commissionerate of Central Goods and Service Tax (CGST) on Saturday busted a case of non payment of GST…
Biggest-ever show cause notice issued to Bengaluru-based online gaming company
Gameskraft Technology has also been accused of promoting online betting through card, casual and fantasy games like Rummy Culture, Gamezy,…
Norms for decriminalising offences under GST soon: Revenue Secretary
Revenue Secretary Tarun Bajaj has said the government will soon come out with norms for decriminalising offences under Goods &…
Crypto Transactions to Attract GST Soon; What This Means for Traders and You
Cryptocurrency is a digital payment system that doesn’t rely on banks to verify transactions. It’s a peer-to-peer system that can enable…
ITC is not available to ‘Myntra’ on procured vouchers / subscription packages
AAR, Karnataka in its recent ruling in the case of Myntra Designs Pvt Ltd has held that Input Tax Credit…
GST Portal: New Functionalities provided for GST Registration, Returns & Refunds
Various new functionalities have been provided on the GST Portal in regard to GST Registration, GST Returns and GST refund…
Key GST related issues MSMEs must request Govt. for resolution
Ease of Doing Business for MSMEs: Since GST is a destination-based tax, it is suggested to consider postponement of the…
Intention of the parties determines whether a supply is composite supply or not: AAR
The AAR, Karnataka in its recent ruling in the case of M/S. Hyundai Rotem Company has held that the supplies…
CBIC develops system for online monitoring of GST audits
The tax authority’s online monitoring of audits assumes significance given that it is keen to ensure there is no revenue…
CBIC issues guidelines for claiming GST transitional credit
Taxpayers can file fresh forms or revised earlier forms for the GST transitional credit on the common portal. New Delhi:…