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Goods and Services Tax : Learn about special procedure for rectifying orders under GST related to wrong Input Tax Credit availment, outlined in Notificatio...
Goods and Services Tax : Notification 21/2024 extends CGST payment deadlines for certain taxpayers. Learn about new deadlines, waiver conditions, and impli...
Goods and Services Tax : Supreme Court rules on Input Tax Credit for construction activities, clarifying Section 17(5)(d) of CGST Act 2017 in Safari Retrea...
Goods and Services Tax : The GST Council has exempted Extra Neutral Alcohol from GST for liquor production, addressing dual taxation issues in the Indian a...
Goods and Services Tax : Explore Section 11A of the CGST Act, clarifying GST non-recovery due to common practices and its implications for taxpayers....
Goods and Services Tax : CGST Thane invites EOIs for empanelment of Chartered and Cost Accountants for GST special audits. Submit by October 27, 2024....
Goods and Services Tax : Biometric-based Aadhaar authentication and document verification for GST registration in Kerala, Nagaland, and Telangana began on ...
Goods and Services Tax : Start your mornings with essential GST knowledge. Join CA Sachin Jain for a 3-day live course focused on GSTR-9 and 9C, combining ...
Goods and Services Tax : Explore the key recommendations made by the GST Council during its 54th meeting, including changes in GST rates, GoM formations, a...
Goods and Services Tax : AGFTC & ITBA urge the Finance Minister to reduce GST appeal fees to ensure fair taxation, proposing fees similar to Income Tax rat...
Goods and Services Tax : Tamil Nadu GST AAR discusses the admissibility of an advance ruling on fees collected by the Nurses Council, amidst ongoing DGGI i...
Goods and Services Tax : The Tamil Nadu Medical Council's advance ruling application was rejected due to ongoing investigations regarding non-payment of GS...
Goods and Services Tax : GST AAR Tamilnadu clarifies tax rates for truck body building on customer-supplied chassis, determining the applicable 18% rate fo...
Goods and Services Tax : Murata Electronics (India) Pvt Ltd withdraws its GST advance ruling application regarding IGST on FTWZ warehoused goods before hom...
Goods and Services Tax : Calcutta HC directs benefit extension on rectified GSTR 9 for wrongful export invoice filing. Refund disallowed earlier despite ac...
Goods and Services Tax : Applications are open for various posts in GSTAT on deputation. Eligible candidates from the Central/State Governments can apply o...
Goods and Services Tax : Notification No. 02/2024 establishes new GST rules for Ladakh, adapting Central GST regulations to the Union Territory, effective ...
Goods and Services Tax : The Ministry of Finance updates CGST Rules through Notification No. 20/2024, effective November 1, 2024, streamlining tax complian...
Goods and Services Tax : Ministry of Finance amends GST notification, exempting metal scrap suppliers from provisions of notification No. 5/2017-Central Ta...
Goods and Services Tax : The Ministry of Finance amends GST notification, exempting metal scrap suppliers from provisions of notification No. 5/2017-Centra...
The Planning Commission today said that the proposed Goods and Services Tax (GST) is likely to miss the deadline of April 1, but it could be introduced in the next fiscal only. “Well, we were hoping that it (GST) will come from April 1, but it does not appear that it will be so,” Planning Commission Member B K Chaturvedi told PTI.
The Revenue Department has submitted its comments on the goods and services tax discussion paper, which was released by the State Finance Minister’s Committee on November 10. It wants excise duty, octroi, purchase tax, and local taxes to be brought under the GST ambit, along with alcoholic beverages and petroleum products. The department has agreed to levy GST plus excise duty on tobacco products.
On 22/01/10 the Hon. Finance Minister Mr. Sunil Tatkare has announced at the time of bhoomipujan ceremony of proposed building of sales tax office of Ratnagiri that MVAT Audit date is extended by 2 months. This announcement was made in the presence of Hon. Sales Tax Commissioner Mr. Sanjay Bhatia, but there is no official communication yet from the Sales tax department which is creating confusion.
Cricket is now officially an entertainment sport. Forty-five years after it declared horse racing as entertainment, the state government has decided to add cricket to the list. Besides cricket, pubs, discotheques, internet protocol television (IPTV) and permit rooms with a live orchestra (dance bars earlier) will also attract a similar tax. There are 22 discotheques in Maharashtra, of which 20 are in Mumbai city, Mumbai suburbs and Thane. Only two are in Pune.
The Government should implement the GST regime with defined sharing arrangement between the State and the Centre, thereby protecting the interest of the State in generating revenue. How will carbon credits be taxed under the proposed Goods and Services Tax regime?
In the principal Act, in Section 10, after sub-section (4), the following subsection shall be inserted, namely:- “(5) Where the goods which have been purchased by a dealer are sold at a price lower than the price at which it was purchased by the dealer, the tax credit on such purchases shall be reduced proportionately in the tax period during which the goods are sold.
One of the most favoured duty reimbursement schemes among exporters — the Duty Entitlement Passbook (DEPB) scheme — is likely to be scrapped, as the government gears up to introduce the Goods and Services Tax (GST) from April 1. The scheme, which was extended till December 31 in the Foreign Trade Policy 2009-2014, is widely viewed as one of the best incentive schemes by exporters.
The Centre has suggested setting up a common dispute resolution scheme for settlement of cases in the proposed goods and services tax (GST). It is also suggesting sharing of service centres between the Centre and states, besides common registration facilities for traders. “It is proposed to prescribe a common registration form, common registration number, common return format, common service centres for acceptance of registration applications and return for Central GST and State GST, &” Sushil Solanki, commissioner, central excise, said at a seminar on GST regulations at the American Chamber of Commerce on Monday.
As per Section 61 of MVAT Act, 2002 it is mandatory for all eligible dealers to get their books of accounts audited. As per trade circular No. 27 T of 2009 Dated 01.10.2009, any dealer who files Audit Report in Form 704 on or after 1″ Oct.2009 for any period shall file the same electronically in the new Form-704.
We had issued the above referred Trade Circular on 23.08.07 to formulate a standard procedure for processing of the refund applications. The circular contained certain provisions in Para 9(i) to facilitate issuance of refund amount against a BG worth part of the amount claimed as refund. The said provisions of para 9(i) stand superceded by the following provisions from 01/01/2010
