Page 4 - Goods And Service Tax

SC dismisses petitions seeking GST exemption on Haj services for pilgrims

A bench of Justices A M Khanwilkar, A S Oka and C T Ravikumar pronounced the judgment, saying they "dismissed" the petitions on both the grounds of exemption and discrimination

SC grants two-month window to taxpayers for claiming transitional credit

The apex court bench of Justice Abdul Nazeer and JK Maheshwari directed the revenue authorities to facilitate taxpayers who were not able to claim benefits when the country transitioned

GST: Understanding how the rules around tax on rent will apply to tenants

Businesses with a turnover of less than Rs 40 lakh per annum and salaried individuals are not required to pay the GST on rent under the new rules

No GST on food items when sold loose, clarifies FM Nirmala Sitharaman

The clarification came amid protests and widespread criticism by Opposition Members of Parliament over foisting GST on daily-use essentials and subsequent price rise

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.