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Major Decisions taken in 32nd GST Council Meeting

The GST council, in its 32nd meeting held at New Delhi, made the following decisions. Increase in turnover limit for the existing composition scheme:...

GST Council Meet: Kerala to impose 1% Disaster Cess

GST Council Meet: Exemption Limit Hiked, Composition Scheme extended to Services

Breaking: Key Takeaways from 32nd GST Council Meeting, GST exemption Limit Hiked

Corruption Case: Sessions Court rejects Bail Applications of CA, IT and IRS Officers

NAA receives 360 Profiteering Complaint in April to Nov

The National Anti-Profiteering Authority ( NAA) has been constituted under Section 171 of the Central Goods and Services Tax Act, 2017 to ensure that the reduction in the rate of tax or the benefit...

Auditor can’t Issue Valuation Certificates to Auditee Company: ITAT [Read Order]

The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has held that an internal auditor cannot issue valuation certificates to the companies they are auditing. The Tribunal, while...

MCA re-constitutes Governing Council and Steering Committee of NFCSR [Read Order]

The Ministry of Corporate Affairs ( MCA ) has re-constituted Governing Council and Steering Committee of National Foundation for Corporate Social Responsibility ( NFCSR ). The Ministry has also...

GST Evasion: Rs. 9959.29 crore recovered till Dec, says Shiv Pratap Shukla

Shri Shiv Pratap Shukla, Minister of State for Finance in a written reply to a question in Rajya Sabha last day said that the State has recovered Rs. 9959.29 crore till last month under the GST...

Budget Session from Jan 31st to Feb 13, Arun Jaitley to announce Budget on 1st Feb

As the Lok Sabha elections to be held in May 2019, the last budget of the NDA Government will be presented on 1st February by the Union Finance Minister Arun Jaitley. The session of the Parliament...

GST: Non-compliant Businesses can’t generate E-Way Bill

With a view to curbing the tax evasion, the finance ministry has barred the businesses who do not file GST returns from generating e-way bills, Financial Express reported. The Ministry has barred...

Gypsum Board Taxable at 4% under Rajasthan VAT Act: Supreme Court [Read Judgment]

A three-judge bench of the Supreme Court has held that the lower tax rate of 4 percent is applicable to Gypsum Board under the Rajasthan Value Added Tax Act, 2003. The question before the bench...

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