Budget 2023: Medical device makers seek GST cut to battle imports from China, US
Faced with a surge in imports from countries such as China, the US and Germany, medical device makers in the […]
GST Recent News
GST Recent News
Bihar govt seeks GST compensation extension for another five years
The Bihar government on Wednesday urged the Centre to consider extending for another five years the GST compensation awarded to states, which was discontinued
GST Law, Important News
GSTN will soon allow negative values in Table 4 of GSTR-3B
The Goods and Services Tax Network (“GSTN”) will soon allow negative values in Table 4 of GSTR-3B, allowing users to
Important News, Income Tax
Government may introduce new tax slab at 8-10 lakh with a tax rate of 10-15%: Sources
A recent tweet by CNBC-TV18 stated that sources say the Government may recognise the contribution of the Indian middle class
GST Recent News
Traders’ Body terms GST one of most complicated taxation system, urges Finance Minister for review
Terming GST one of the “most complicated” taxation system, Traders’ body Confederation of All India Traders (CAIT) has urged Finance
GST Law, Important Pronouncements
Bail Condition to deposit INR 70 Lakhs for alleged wrongful availment of ITC is not sustainable
The Hon’ble Supreme Court in the matter of Subhash Chouhan v. Union of India [Criminal Appeal No. 186 /2023 dated
GST Recent News
Budget 2023: Aviation industry seeks tax incentives for MRO sector, bringing ATF under GST
Given India’s ideal geographical position, placed between major Asian and European countries, stakeholders in the aviation industry have been long
GST Law, Important Pronouncements
Demand of tax and penalty for release of goods without mentioning the reasons is unsustainable
The Hon’ble Delhi High Court in Ram Prakash Chauhan v. Commissioner of Delhi (Goods and Service Tax) & Anr. [W.P.(C)
GST Recent News
MIDC plot transfers to third party under GST scanner
Businessmen having transferred their plots in MIDC’s industrial estates to others may soon have the taxman knocking at their doors.
GST Recent News
Budget 2023: Online Gaming Industry seeks lower GST, clarity on regulation
The Union Budget 2023-24 is set to be presented by Finance Minister Nirmala Sitharaman on February 1. The online gaming