GST Council constitutes GoM to look into online gaming, race courses, casinos
The Goods and Service Tax Council has constituted a group of ministers (GoM) to examine whether any change in legal […]
GST Recent News
Important Pronouncements
Exemption cannot be denied merely on account of delay in furnishing Audit Report
The Hon’ble Gujarat High Court in Trust For Reaching The Unreached Through Trustee v/s CIT [R/Special Civil Application No. 8977,
GST Recent News
GST Council meet on Friday; Pvt fintech firms set to enter e-invoicing zone
The Goods and Services Tax (GST) Council on Friday will discuss bringing in private financial technology companies to set up
GST Recent News
Punjab FM writes to Nirmala Sitharaman, says agenda for GST Council meeting mundane
Ahead of the GST Council meeting, Congress leader and Punjab Finance Minister Manpreet Badal has written to Finance Minister Nirmala Sitharaman raising several concerns and seeking
Notification And Circular, Notification and Circular
CBDT notified formula to compute Fair Market Value of Capital Assets for Slump Sale
The CBDT vide Notification No. 68 /2021, dated May 24, 2021 issued ‘Income-tax (16th Amendment) Rules, 2021’ amending the Income-tax
Notification And Circular, Notification and Circular
Guidelines w.r.t. cancellation of registration under Rule 22(3) of CGST Rules, 2017
The CBIC issued Guidelines vide CBEC-20/16/34/2019-GST/802 dated May 24, 2021 w.r.t. cancellation of registration under Rule 22(3) of Central Goods
GST Recent News
Centre, states stare at Rs 2-trillion GST cess gap amid Covid-19
With the government anticipating goods and services tax (GST) collection to fall below ₹1 trillion in June for the first
Press Release, Press Release
India attracted highest ever total FDI inflow during 2020-21, 10% more than the last FY
Measures taken by the Government on the fronts of Foreign Direct Investment (FDI) policy reforms, investment facilitation and ease of
Important News
CNBC-TV18: Sources says Fitment Committee not in favour of reducing COVID vaccine GST rates
As per the recent tweet of CNBC-TV18, Sources says the GST Council is set to meet on May 28, 2021
Important Pronouncements
IGST on import of oxygen concentrators as gift for personal use is unconstitutional
The Hon’ble Delhi High Court in Gurcharan Singh v. Union of India & Ors. [W.P. (C) 5149/2021, dated May 21,