SC asks CBIC & GST Council to open 60 days window to clear pre-GST regime dues
As per the recent tweet by CNBC-TV18, says the Hon’ble Supreme Court rules in favour of taxpayers, asks for 60 […]
Important News
GST Recent News
Supreme Court to hear Plea Challenging GST on Disability Equipments
A writ petition filed challenging the levy of the Goods and Services Tax (GST) on disability equipments was mentioned before
News
No plan to extend deadline for filing income tax returns: Revenue Secretary
The government is not considering extending the last date for filing income tax returns as it expects most returns to
GST Recent News
GST on household items based on GoM suggestion
The recent rate changes taken in the 47th Goods and Services Tax (GST) Council meeting were based on the recommendations
Press Release, Press Release
VAT reduced on aviation fuel in 16 States/UT’s; GST rate on MRO services also slashed from 18% to 5%
During 2021-22, Indian airports carried around 83 million domestic passengers registering a growth rate of 59% as compared to 2020-21.
Important News
GSTN issued advisory on Upcoming Changes in Table 4 of Form GSTR-3B
The Goods and Services Tax Network (“GSTN”) has issued an Advisory dated July 22, 2022 on upcoming changes in Table
GST Recent News
GST fitment panel gets nod to design a margin scheme for tour operators
To reduce the tax incidence in the tour and hospitality sector, the Goods and Service Tax (GST) Council has tasked
Notification And Circular, Notification and Circular
Directorate General of Analytics and Risk Management authorised to withheld the IGST refund for verification purposes
The CBIC vide Order No. 01/2022-GST dated July 21, 2022 has authorised the Principal Director General/ Director General of Directorate
GST Recent News
Only GST-registered tenants face rent tax
Relax, if you are a salaried individual and have taken a residential flat on rent/lease, the recently introduced norms for
Notification And Circular, Notification and Circular
Clarification w.r.t. applicable BCD rate on parts used in manufacturing of LCD/LED TV panels
The CBIC vide Instruction No. 15/2022-Customs dated July 20, 2022 has issued clarification w.r.t. applicable Basic Custom Duty (“BCD”) rate