 "What is Indirect Tax")
Indirect Tax
What is Indirect Tax
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Latest Updates on Indirect Tax
CBIC notifies changes in annual GSTR-9 form, makes ITC reporting detailed
The Central Board of Indirect Taxes and Customs (CBIC) on September 17 notified changes to the Central GST (CGST) rules, which will come into effect on September 22
 "CBIC notifies changes in annual GSTR-9 form, makes ITC reporting detailed")
CBIC clarifies GST on post-sale discounts, no ITC reversal for buyers
The circular also stated that post-sale discounts given by manufacturers to dealers would not be treated as consideration for services
 "CBIC clarifies GST on post-sale discounts, no ITC reversal for buyers")
Need proactive outreach for easy transition to new GST rates: CBIC chief
The GST Council, in its meeting last week, has approved to make Goods and Services Tax (GST) a two-tier structure of 5 and 18 per cent, with special rate of 40 per cent on tobacco and related products
 "Need proactive outreach for easy transition to new GST rates: CBIC chief")
CBIC to address industry complaints of non-reduction in prices: Chairman
CBIC chief said the industry has, in the past, also reduced prices of goods as and when the GST Council has taken a decision to reduce taxes
 "CBIC to address industry complaints of non-reduction in prices: Chairman")
India's tax reform needs more economic focus, less political manoeuvring
Over eight years later, GST has fallen short of expectations, prompting the government to appoint Home Minister Amit Shah to lead negotiations for its reform
 "India's tax reform needs more economic focus, less political manoeuvring")
Tax arrears worth ₹54.53 trillion pending as on June 30: Govt tells RS
Of the total indirect tax arrears, over ₹2.66 trillion pertain to those where pending taxes in individual cases is above ₹10 crore as of June 2025
 "Tax arrears worth ₹54.53 trillion pending as on June 30: Govt tells RS")
Direct tax disputes soar 198% amid rising vacancies in revenue dept
In indirect taxes, the number of cases went up from 1.13 lakh to 1.26 lakh, and the value involved more than doubled to ₹7.4 trillion during the same period
 "Direct tax disputes soar 198% amid rising vacancies in revenue dept")
Gross GST collections double in 5 years to record Rs 22.08 trillion in FY25
The average monthly collection stood at Rs 1.84 trillion in FY25, up from Rs 1.68 trillion in FY24 and Rs 1.51 trillion in FY22
 "Gross GST collections double in 5 years to record Rs 22.08 trillion in FY25")
Make GST registration easier using tech, risk-based parameters: FM to CBIC
During the conclave, she directed the zones to prepare an action plan to improve various parameters, such as GST registration, processing of refunds, and handling taxpayers' grievances
 "Make GST registration easier using tech, risk-based parameters: FM to CBIC")
CBIC issues new rules to simplify GST registration, curb official overreach
The revised guidelines aim to curb discretionary demands for extraneous documents, a frequent complaint among taxpayers who have reported harassment and inconsistency in the registration process
 "CBIC issues new rules to simplify GST registration, curb official overreach")
SC junks CBIC plea, says GST errors can be corrected even after deadline
The Supreme Court further emphasised that denying ITC due to human errors results in unfair double taxation, where businesses end up paying tax twice
 "SC junks CBIC plea, says GST errors can be corrected even after deadline")
Govt replaces 'certificate' with 'proof' in Rules of Origin regulations
The amendment, effective from March 18, modifies key rules governing the determination of the country of origin of imported goods - a crucial factor in availing duty benefits under FTAs)
 "Govt replaces 'certificate' with 'proof' in Rules of Origin regulations")
Can GST rate rationalisation make India's tax system truly simple?
The Union government plans to propose GST rate and slab cuts to the GST Council. Can this reform make India's indirect tax system truly simple?
 "Can GST rate rationalisation make India's tax system truly simple?")
Revised Customs duty now closer to Asean average: CBIC Chairman Agarwal
Sanjay Kumar Agarwal spoke about the need to amend rules in the Central Goods and Services Tax Act to overturn the Supreme Court's (SC's) order in the Safari Retreats case
CBIC notifies rules for entities to get temporary GST identification number
Under Goods and Services Tax (GST) rules, registration is mandatory for businesses with an annual turnover of Rs 40 lakh and Rs 20 lakh in the manufacturing and services sectors
 "CBIC notifies rules for entities to get temporary GST identification number")
Budget 2025: Decoding tax and non-tax revenue and why they matter
As the Union Budget 2025 approaches, it is crucial to understand how the government earns its revenue from taxes and non-tax sources. Here's a breakdown
 "Budget 2025: Decoding tax and non-tax revenue and why they matter")
Event organisers to gain ITC benefits as GST Council amends sponsorship tax
GST Council brings sponsorship services under forward charge mechanism
 "Event organisers to gain ITC benefits as GST Council amends sponsorship tax")
GST Council defers key decisions, tackles complexity of tax system
It was clarified that ready-to-eat popcorn mixed with salt and spices attracted a 5 per cent GST rate. It attracts a 12 per cent tax if supplied as pre-packed and labelled
 "GST Council defers key decisions, tackles complexity of tax system")
India to become world's most efficient, trusted trade hub: Revenue secy
He further said technology and trust are two pillars of the revenue department
SC rules in favour of DRI authority; clears recovery of Rs 20,000 cr tax
This ruling confirms that DRI officers qualify as "proper officers" under Section 28 of the Customs Act, enabling them to issue show-cause notices
 "SC rules in favour of DRI authority; clears recovery of Rs 20,000 cr tax")
