Goods and Services Tax India: Read all latest GST news, articles, notification, circulars, case laws news on, MVAT DVAT PVAT GST GSTN IGST CGST GST Council GST Rates SGST GST Forms GST Rules.
Goods and Services Tax : Understand Input Tax Credit (ITC) under GST: Learn about eligibility, conditions, and types of ITC. Stay updated with latest amend...
Goods and Services Tax : Understand the time limit to avail Input Tax Credit (ITC) under Reverse Charge Mechanism (RCM) and the implications for registered...
Goods and Services Tax : State directives needed to stop police from illegally checking invoices/e-way bills, hindering trade. Only GST officials have this...
Goods and Services Tax : Karnataka HC grants Cultgear Pvt Ltd refund, pending GST tribunal formation, with a bank guarantee. Liberty to appeal extended til...
Goods and Services Tax : Explore the GST implications for accommodation services post recommendations from the 53rd GST Council meeting. Learn about amendm...
Goods and Services Tax : Discover the latest API updates for E-Invoice and E-Way Bill systems, including interoperable services and new error codes for sea...
Goods and Services Tax : Join CA Sachin Jain for a live course on Input Tax Credit from a litigation perspective. Gain practical insights and master ITC co...
Goods and Services Tax : CBI arrests CGST Superintendent and Inspector in Solan, HP, for demanding and accepting Rs.8000 bribe, leading to searches and ong...
Goods and Services Tax : CBI arrests Superintendent of Central GST & Central Excise in Berhampur for accepting Rs. 15,000 bribe from complainant regarding ...
Goods and Services Tax : Explore Rajasthan Budget 2024-25 tax proposals with reductions in VAT rates, abolition of certain taxes, and new incentives. Detai...
Goods and Services Tax : Read the full judgment of Andhra Pradesh High Court on Reddy Enterprises vs. Appellate Authority. Analysis of abuse of process in ...
Goods and Services Tax : Delhi High Court rules on GST notice service via 'Additional Notices' versus 'Notices' in Kamla Vohra vs Sales Tax Officer. Full j...
Goods and Services Tax : Read the Karnataka High Court's judgment upholding interest on refund of excessively paid sales tax. Detailed analysis of the case...
Goods and Services Tax : Karnataka HC remands R.S Marketing's case, granting a fresh hearing on ITC discrepancies between GSTR-3B and GSTR-2A due to non-co...
Goods and Services Tax : Read the full text of the judgment by Delhi High Court on retrospective cancellation of GST registration for non-existence at prin...
Goods and Services Tax : Explore the integrated services of NIC-IRP e-invoice-1 and e-invoice-2 portals, launching on July 18th, 2024. Learn about seamless...
Goods and Services Tax : Explore CBIC achievements, updates, and recent cases in the July 2024 newsletter from the Ministry of Finance, Department of Reven...
Goods and Services Tax : GST rates on solar cookers, fire water sprinklers, parts of poultry-keeping machinery, pre-packaged agricultural produce and suppl...
Goods and Services Tax : Latest GST clarifications on services including Indian Railways, RERA, digital payments, insurance schemes, and accommodation serv...
Goods and Services Tax : Learn how exporters can claim refund of additional IGST paid due to price increases post-export. Details on application process an...
With a view to streamline the provisions relating to assessment of dealers, it is proposed to amend the Maharashtra Value Added Tax Act, 2002 (Mah. IX of 2005), as follows :— (a) to delete section 21 relating to issuance of notice for assessment; and (b) to amend section 23 with a view to extend the period of limitation for assessments for the period 2008-09 onwards by one year, with effect from the 1st April 2005.
The Centre today said it is not possible to bring aviation turbine fuel (ATF) under the purview of the proposed Goods and Services Tax, as per the model suggested by the states. “In the model of the GST which has been proposed by the Empowered Committee of State Finance Ministers, it has not been possible to bring aviation turbine fuel under the purview of the GST,” Minister of State for Finance S S Palanimanickam said in a written reply to Rajya Sabha.
The Federation of Indian Chambers of Commerce and Industry ( FICCI )), today said it will pursue the issue of implementation of the proposed Goods and Services Tax (GST) with various state governments. “We will pursue with state governments the (issue of) implementation of GST,” FICCI’s Chairman (Western Region Council), Sushil Jiwarajka said in an interactive Budget session held here.
M/S. Hyderabad Engineering vs State Of A.P. on 4 March, 2011 (Supreme Court of India) -Finally, the Supreme court concluded by observing that following scenarios are covered under “inter-state sales” “Sale” or “agreement to sell” occasions movement of goods from one state to another (irrespective of whether such movement has been provided in the agreement) or Order placed before HO or branch resulted in movement of goods from one state to another (irrespective of state where property in goods passes). Thus, it is not necessary that sale must precede movement of goods or the fact of movement of goods is mentioned in the agreement [Para 32]. Thus, even an agreement to sell can now result in classification of such transfers as “inter-state sales” and not “branch transfer”.
The government today said it may not be possible to roll out the Goods and Services Tax (GST) from April next year, as the proposal needs consent from all the states. “…the (GST) legislation cannot be voted upon until the ratification is completed…there may be problem on the time factor (April 1, 2012),” Revenue Secretary Sunil Mitra said at a CII post-Budget conference .
It has been proposed in the Budget 2011-12 to increase the ceiling of 4% on declared goods under section 15 of CST Act to 5%. Currently State Governments cannot levy VAT more than 4% on declared goods. Declared goods are those goods which are of special importance and have been defined u/s 14 of CST Act 1956. This increase has been made in view of recent increase in the VAT slab rate of 4% to 5% by many states.
steps proposed to be taken for introduction of GST by the Finance Minister are establishment of a strong IT infrastructure. It was also announced that significant progress on the GST network (GSTN) has been made. The key business processes of registration, returns and payments, was told to be in advanced stages of finalization. The National Securities Depository Limited (NSDL) has been selected a technology partner for incubating the National Information Utility that will establish and operate the IT backbone for GST.
Finance Minister Pranab Mukherjee today said the Government proposes to introduce the Constitution Amendment Bill in the current session to pave the way for introduction of the long-awaited Goods and Services Tax (GST) regime. “I propose to introduce the constitution amendment bill in this session of Parliament,” Mukherjee said in his Budget speech 2011-12.
Presenting the Budget 2011-12 in the Parliament today, the Finance Minister Shri Pranab Mukherjee stressed that introduction of Direct Taxes Code (DTC) and Goods & Services Tax (GST) will result in moderation of rates, simplification of laws and better compliance. He said DTC will be finalized for enactment during next financial year. The DTC Bill that was introduced in the Parliament in August 2010 is before the Standing Committee.
IT Initiatives: Mission mode Projects to help States to align with the Roll out of GST; funds Released for 31 Such Projects. Finance Minister Shri Pranab Mukherjee has stressed on the importance of computerization of Commercial Taxes. While presenting the Union Budget 2011-12 in Lok Sabha he said that Mission Mode Projects for computerization of Commercial Taxes in States will allow States to align with the roll out of GST.
