Finance ministry, exporters spar over GST refunds, claims
The revenue department and the exporters are sparring over unpaid refunds and tax credits that have accrued to businesses since […]
GST Recent News
GST Recent News
Garment exporters demand restoration of pre-GST rates
Garment exporters demanded the restoration of duty drawback and Remission of State Levies (ROSL) rates to pre-GST levels, claiming that
GST Recent News
GST collection, compliance unlikely to improve near-term: Report
Both Goods and Services Tax (GST) collections as well as its compliance in the first four months since the rollout
Important Pronouncements
Invoking extended period of limitation not justified where non-collection of service tax by assessee was known to department
Where department already had sufficient materials against assessee for failure to collect service tax and to proceed within limitation period
Important Pronouncements
Interest on refund of VAT to be computed from the date of processing of return: HC
HC holds that interest u/s 42 of Delhi VAT Act on refund of VAT amount accrues after period specified for
GST Recent News
States may’ve got little less tax share under GST: Reddy
States may have got less than what they should have in the distribution of taxes under the Goods & Services
GST Recent News
GST-compliant MSMEs likely to get more sops
The finance ministry is considering introducing more incentives for micro, small and medium enterprises (MSMEs) that comply with the requirements
Important Pronouncements
Department must pay interest for delay in refund of amount deposited: HC
THE petitioners were in the process of exporting “Basmati” rice. The Department had disputed about the description of the goods
GST Recent News
Lower GST on over 100 items of mass consumption: Karnataka
To provide GST relief to the poor, the Centre should lower taxes on over 100 items of mass consumption like
GST Recent News
GST rate cut: AC, fridge, other white goods set to get cheaper
The GST Council is likely to cut the tax rate on electronic items such as washing machine, refrigerator and air