Ease of Doing Business ? – A Big No!
Eagerly awaited results of the 42nd GST Council meeting held on 5-10-2020 have since been made available in the press release of CBIC issued on the same day. Apart from policy decisions regarding extension of...
Refund to be disbursed in a Validated Bank Account linked with PAN & Aadhaar of the registrant, says Finance Minister
The Finance Minister, Nirmala Sitharaman in the 42nd GST Council Meeting said that refund to be disbursed in a validated bank account linked with the PAN and Aadhaar of the registrant with effect from 1...
GST Council recommends furnishing of Nil FORM CMP-08 through SMS
The 42nd GST Council Meeting has recommended various amendments in the CGST Rules and FORMS have been recommended which includes provision for furnishing of Nil FORM CMP-08 through SMS. A composition dealer will use the Form CMP-08,...
GST Compensation due to States at Rs 1.51 lakh crore, reasons for revenue shortfall: Centre to Lok Sabha [Read Reply]
The Minister of State for Finance Anurag Singh Thakur said on Monday the GST collection during April-August declined on account of COVID-19 induced lockdown, and the compensation due to states stands at over Rs 1.51...
Issue of GST Late Fee for past period (August 2017 to January 2020) to be discussed in the next GST Council Meeting: Finance Ministry
In the recent past, tweets have been noticed by the Government on the issue of waiver of the late fee applicable on non-filing of GSTR-3B returns. The demands are largely for the waiver of late...
Carbonated Fruit Juices are Aerated Drinks, 28% GST applicable: AAAR [Read Order]
The Tamil Nadu Appellate Authority of Advance Ruling (AAAR) upheld the order of the Authority of Advance Ruling (AAR) and held that the carbonated fruit juices such as ‘Richyaa Darner Lemon’ and ‘Licta Lemon’ supplied...
Britannia Winkin’ Cow Thick Shake’ classifiable as Flavoured Milk attracting 12% GST: AAR [Read Order]
The Tamil Nadu Authority for Advance Ruling (AAR) ruled that UHT Sterilized Flavoured Milk marketed under the brand name ‘Britannia Winkin’ Cow Thick Shake’ by the applicant is classifiable as “flavoured milk” and therefore, attracts...
Significant Decisions on GST Rates on Certain Goods and Services in 39th GST Council Meeting
GST Council in the 39th meeting held on 14th March, 2020 at New Delhi took following decisions relating to changes in GST rates on supply of goods and services. The recommendation of the Fitment Committee...
GST Council’s decisions on Rate Changes
The 38th meeting of the GST Council met under the Chairmanship of the Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman here today. The meeting was also attended by the Union Minister of...
GST Council to meet on Sep 20: Likely to Propose Single Refund Mechanism to sanction Refund
The most powerful GST Council, in its meeting scheduled on 20th September is likely to propose a procedure to permit a single authority for sanctioning and processing GST refunds for exporters in a quick and...
Key Decisions of 36th GST Council Meeting: Tax on EVs Reduced
The 36th GST Council Meeting was held here today Via Video Conference under the chairmanship of Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman. The meeting was also attended by Union Minister of State for...
GST Council extends Due Date for filing Return by Composition Taxpayers
The Goods and Services Tax ( GST ) Council has extended the due date for filing return by the composition taxpayers to 31st August 2019. The due date was on 31st July. “The last date...
GST Council Meet postponed to July 26th
The GST council meeting via a video conference scheduled today has been postponed to July 26th. The meeting was about to finish the unfinished agenda of the last council meeting. Some states express reservations on...
GST Council to meet Today: Tax Rates on EVs and Lottery to be finalized
The 36th Meeting of the GST Council scheduled to be held today through Video Conference. The Council, in the meeting, may finalize the issues on electronic vehicles and lotteries. It may also consider the proposal...
GSTN approves Use of Aadhaar Card for GST Registration
The 35th GST Council meeting held last day at New Delhi under the new Finance Minister Nirmala Sitharaman has approved the use of the Aadhaar card for the enrollment on the Goods and Services Tax...
GST Rate Changes on EV, Solar and Lottery: Council to take Final Decision in Next Meeting
The 35th GST Council Meeting was held here today under the chairmanship of Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman. This was the first meeting of the Council after the swearing in of the...
35th GST Council Meeting: E-Invoices Mandatory for B2B Transactions from January
The 35th GST Council Meeting after the swearing in of the new Government passed a resolution acknowledging the stellar role played by Shri Arun Jaitley, the former Chairperson of GST Council and expressed its gratitude and...
Slashing GST on Electric Vehicles: GST Covernment refers Matter to Fitment Committee
On issues relating to GST concessions on electric vehicle, charger and hiring of electric vehicle, the the 35th GST Council meeting recommended that the issue be examined in detail by the Fitment Committee and brought...
New GST return System to be introduced in a Phased Manner: GST Council extends Annual Return Due Date
The 35th GST Council Meeting was held at New Delhi last day under the chairmanship of Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman. This was the first meeting of the Council after the...
Key Decisions of 35th GST Council Meet: NAA’s Tenure Extended
The 35th GST Council Meeting was the First Meeting of the Council after the swearing in of the new Government. The Meeting took place in a cordial and professional manner. At the start of the Meeting,...
Soon Govt may bring GST Offences under PMLA
With a view to make GST offences a predicate offence punishable with rigorous imprisonment and fine, the Central Government may soon bring such offences under the stringent Prevention of Money Laundering Act. The proposal regarding...