Tag: GST
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Govt extends deadline for availing GST amnesty scheme
The Finance Ministry has extended the last date to avail of the late fee amnesty scheme under Goods and Services Act (GST), till November...
No cash doles to poor in pandemic was most foolish: Chidambaram
Demonetisation was a foolish decision, the implementation of GST was flawed and foolish, but the most foolish decision of the central government yet was...
Liaison offices of MNCs without revenue or clients not liable to GST
In what may offer relief to multinational corporations looking to expand their business with India without having a physical presence in the country, a...
Car seat cover ‘accessory’, not ‘part’, at 28% GST, rules AAR
It may seem amusing but your good old car seat cover is not actually a "part" of the seat but an "accessory", at least,...
Compliance not eased for GST taxpayers with over Rs 5 cr turnover, reconciliation statement remains
Taxpayers looking at ease of compliance requirement for filing annual GST returns for 2020-21 are in for a rude shock as the government has...
GST payable only on profit earned from resale of gold jewellery
In a major relief for jewellers, the Karnataka Authority for Advance Ruling (AAR) has held that in case of resale of second-hand gold jewellery,...
Tour operators’ delegation meets FM, seeks raising SEIS scrips’ benefit to 10%
A delegation of the Indian Association of Tour Operators (IATO) called on Union Finance Minister Nirmala Sitharaman at her office on Friday, and urged...
Centre releases Rs 75K cr to states as GST compensation shortfall
The Union Finance Ministry has released Rs 75,000 crore to states and UTs with legislatures under the back-to-back loan facility in lieu of GST...
Stalin urges FM to exempt duties on muscular atrophy drugs
Tamil Nadu Chief Minister M.K. Stalin has written a letter to Union Finance Minister Nirmala Sitharaman, requesting her to exempt Customs duty, Integrated GST...
VCFs in tax net as service rendered to investors liable to pay service tax
Venture Capital Funds (VCFs), operating in the country, will have to pay service tax on gains they make on managing investors' money as an...