Weekly GST Communique dated February 22, 2021
In this Volume, we bring to you highlights of recent updates and important judgments of last week in the field […]
Newsletter, Our Articles, Our Articles
Important Pronouncements
Exclusion of small scale ice cream manufacturers from composition scheme benefit to be reconsidered by GST Council
The Hon’ble Delhi High Court in Del Ice Cream Manufacturers Welfare’s Association v. Union of India and Anr. [Writ Petition
Important Pronouncements
Exclusion of small scale ice cream manufacturers from composition scheme benefit to be reconsidered by GST Council
The Hon’ble Delhi High Court in Del Ice Cream Manufacturers Welfare’s Association v. Union of India and Anr. [Writ Petition
GST CHARCHA, Our Articles, Our Articles
GST Charcha on Union Budget 2021: Amendments proposed in Section 129 and 130 of the CGST Act, 2017
The Hon’ble Finance Minister, in Budget 2021-22, hailed as a ‘development-oriented’ and ‘visionary’ budget amid the pandemic-induced disruptions, inter alia,
GST Recent News, News
GST Council mulls compensation package for FY22
Finance Minister Nirmala Sitharaman is likely to call a meeting with the state governments to decide on the GST compensation
GST Recent News, News
Simplify GST, trader body tells PM, says penalty system has brought ‘tax terrorism’ to country
The Confederation of All India Traders (CAIT) has written a letter to Prime Minister Narendra Modi seeking his intervention on
Press Release, Press Release
Central Delhi tax officials arrest one for illegal manufacturing of gutkha with liability of around Rs 5.9 crore
Acting on intelligence regarding illegal manufacturing and clandestine supply of gutkha/pan masala/tobacco product namely “Suhana Gold” and “SHK” brands without
GST Recent News, News
CNBC-TV18: An overhaul of GST rates unlikely in upcoming GST Council meeting
As per the recent tweet of CNBC-TV18, sources say an overhaul of GST rates unlikely in upcoming GST Council meeting.
GST Recent News, News
States’ GST revenue shortfall may be lower by up to Rs 40,000 crore this fiscal
The GST revenue shortfall faced by states is likely to reduce by about Rs 40,000 crore in the current fiscal
Notification and Circular, Notification And Circular
MCI announced ‘New Central Sector Scheme for Industrial Development of Union Territory of Jammu & Kashmir’
The Ministry of Commerce and Industry (“MCI”) vide Notification No. F. No. 1(1)/2020-SSS, dated February 19, 2021, announced New Central