Page 120 - Gst

Kerala firms with canteens to now pay GST on employee food bills

The central government had earlier said any service made by an employer to an employee, as part of a contractual agreement, would not come under the GST ambit

Set up advance ruling appellate authority: GST Council to Delhi, 6 others

In the absence of an Appellate Authority for Advance Ruling, it is not possible for aggrieved entities to contest the verdict passed by the Authority for Advance Rulings

Composition scheme biz need not file purchase details when filing GSTR-4

"In this regard, it is to clarify that the taxpayers who have opted to pay tax under the composition levy shall not furnish the data in serial number 4A of Table 4 of Form GSTR-4,"

Calamity tax under GST: Panel gives states 3 options to raise extra funds

While relief and rehabilitation are covered under existing funds, the new levy will cover reconstruction

Gujarat High Court stays Directorate of Intelligence notices to exporters

Exporters had earlier approached various courts over restrictions imposed for availing advance authorisation licences under the GST regime

Bring petrol, diesel under GST regime: Rahul Gandhi's advice to PM Modi

His comments came a day after the Centre cut petrol and diesel prices by Rs 2.50 per litre

GSTN makes PIN code must for transporters, businesses for e-way bill

So far, businesses and transporters are required to broadly mention the distance and place of loading and unloading of consignments for generating e-way bill

GST mop-up rose to Rs 944.42 billion in September, 6.7 mn GST returns filed

As many as 6.7 million Goods and Services Tax (GST) returns were filed in September

Rs 1.7 bn deposited in welfare fund by cos for not passing on GST benefits

The Central GST Act provides for creation of a Consumer Welfare Fund wherein undue benefits made by businesses under the GST law have to be deposited, if it cannot be passed on to the recipient

Aggrieved exporters likely to get relief from GST Council on Friday

Several exporters availing benefits of the EPCG scheme have received refunds of IGST while many have been denied similar refund

GST rates will be pruned if Congress comes to power: Rahul Gandhi

He said the Modi government has "destroyed" small businesses and employment through demonetisation and 'Gabbar Singh Tax', a reference to GST

Revenue shortfall: GST Council to bridge the gap between Centre and states

Under the Compensation Act, states have been promised 14 per cent growth in their revenue every year with 2015-16 as the base year

Petro-products in GST ambit only after consensus: Arun Jaitley

He also sought to know why the prices of petrol and diesel did not decline with a fall in the global crude prices

GST's unfinished agenda: Dealing with contractual price adjustments

Despite the myriad legislative changes on account of GST, Section 64-A continues abated as it has not been amended

August GST collections likely to drop on rate cuts effected in last meet

The revenue from GST stood at Rs 939.60 billion in July, while it was at Rs 964.83 billion in June this year

Retrospective amendments in GST transitional provisions have shocked biz

Credits not allowed to be offset for output liability are costs to business

Consumer durables firms, GST body continue to spar over profiteering

Most durables companies say they have passed on GST tax benefits after the 10 percentage point cut in July

225 million e-way bills generated across India since GST rollout

It added that July 31 accounted for the highest 2.177 million e-way bills generated in a single day

E-commerce players to pay up to 2% tax collected at source from October

The GST Council kept deferring the TCS proposal, part of the GST laws, in phases till September this year

TDS and TCS provisions under GST law to be implemented from Oct 1: Govt

The government has notified October 1 as the date for implementing the tax deducted at source (TDS) and tax collected at source (TCS) provisions under GST law. As per the Central GST (CGST) Act, the notified entities are required to collect TDS at 1 per cent on payments to goods or services suppliers in excess of Rs 2.5 lakh. Also, states will levy 1 per cent TDS under state laws. E-commerce companies will now be required to collect up to 1 per cent TCS while making any payment to suppliers under the Goods and Services Tax (GST). States too can levy up to 1 per cent TCS under State GST (SGST) law. EY Tax Partner Abhishek Jain said, "The e-commerce companies for TCS and various PSUs/ Government Companies for TDS would need to quickly gear up their ERP systems to comply with these provisions from 1st October. With audit report as well being notified, the industry would now really need to buckle up, especially given the short time frame." AMRG & Associates Partner Rajat Mohan said ...