Page 4 - Goods And Service Tax

United Opposition stalls proceedings over 'unparliamentary' GST hike

Says govt running away from discussion in Parliament on price rise, Rs

New GST rates come in effect from today: Check the rate change list here

While the GST council proposed to withdraw tax exemptions for a few items and rate changes for others, exemptions for many others were removed

CBIC to issue SOP for GST summons to stop harassment of businesses

The new SOP will make officials more accountable and will also make the entire process transparent

Govt plans to make GST e-invoicing must for companies with Rs 5-cr turnover

At present, any firm with Rs 20-crore turnover is mandated to file this

Five years of GST: Some biz adapted, some perished, as others thrived

This ground report from Howrah talks about how the mid-sized and smaller players lost ground

Statsguru: Six charts show GST's revenue challenge for Centre, state govts

But a longer-term perspective on state collections raises questions on GST's ability to fulfil certain primary objectives

SC strikes down levy of GST on ocean freight in CIF contracts

The matter before the Court was the appeal against the decision of Gujarat High Court in the case of Mohit Minerals Pvt. Ltd

BS Number Wise: Education and the ability-to-pay principle in India

The fees Jawaharlal Nehru University (JNU) earned per student per annum, at Rs 7,375, was 99 times lower than the spending on academic, administrative, and other costs per student per annum in 2019-20

GST collections up 18%, cross Rs 1.3 trn in Feb despite Omicron curbs

Analysts are confident that GST collection for the current financial year will cross the Budget targets

GST collection at record Rs 1.40 trillion in Jan on rapid eco recovery: FM

GST collections touched a record of Rs 1.40 trillion in January on rapid economic recovery, Finance Minister Nirmala Sitharaman said on Tuesday

GST authorities arrest 27-yr old for issuing bogus Rs 1,000 cr bills

A local court remanded the arrested accused to judicial custody for 14 days

Interest on non-payment of GST may be recovered without notice

But with court backing, the authorities are considering doing it in some cases of mismatch in the invoices

GST mop-up signals economic recovery despite worry over Omicron

Collections grow 13% in December quarter to Rs 1.3 trillion - the best since July 2017

Appellate Authority overrules AAR to bring Fryum papad under GST exemption

Holds that Fryum is a brand, not a generic product, and that it is similar to traditional round papad in all respects; normal papad attracts 0% GST

Centre-states may discuss early inclusion of natural gas into GST fold

The Centre is likely to initiate dialogue with states for inclusion of petroleum products under the new indirect tax fold.

No GST on canteen charges recovered from employees, says AAR

GST will not be levied on the amount paid by employees for availing canteen facilities provided by their employers, the AAR has ruled.

Drinking water supply through mobile tankers taxable at 18%: AAR

Supply of drinking water to the public through mobile tankers or dispensers by a charitable organisation is taxable at 18 per cent under the GST, AAR has ruled. The Andhra Pradesh bench of the Authority for Advance Ruling (AAR) has ruled -- in the case of Vijayavahini Charitable Foundation -- that since the organisation is supplying purified water, hence it is not fit for GST exemption. Vijayavahini Charitable Foundation had sought an advance ruling on whether the supply of groundwater after undertaking purification through Reverse Osmosis to the general public either through the dispensing unit or mobile tanker at a concessional rate is exempt from Goods and Services Tax (GST). The AAR said the principal supply undertaken by the organisation is a supply of purified water, which is taxable at 18 per cent, while the service of distribution through mobile units is an ancillary service and taxable at 18 per cent. "It is invariably a composite supply and the rate of tax of purified wat

GST Council may decide on easing levy on imported oxygen concentrators

The Delhi HC last week said that imposition of 12% IGST on oxygen concentrators for personal use or those received as gifts is 'unconstitutional'

SME Chatroom: Import of Covid-19 vaccine will attract Integrated GST

The notification no.28/2021-Cus dated April 24, 2021 does not exempt IGST leviable on medical goods

GST compensation shortfall released to states touches Rs 1 trillion

The ministry on Friday released the 17th weekly instalment of Rs 5,000 crore to 23 states and 3 Union Territories (Delhi, Jammu & Kashmir & Puducherry)