Explore Business Standard
Don’t miss the latest developments in business and finance.
Goods And Service Tax
The matter before the Court was the appeal against the decision of Gujarat High Court in the case of Mohit Minerals Pvt. Ltd
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
 "BS Number Wise: Education and the ability-to-pay principle in India")
Analysts are confident that GST collection for the current financial year will cross the Budget targets
 "GST collections up 18%, cross Rs 1.3 trn in Feb despite Omicron curbs")
GST collections touched a record of Rs 1.40 trillion in January on rapid economic recovery, Finance Minister Nirmala Sitharaman said on Tuesday
 "GST collection at record Rs 1.40 trillion in Jan on rapid eco recovery: FM")
A local court remanded the arrested accused to judicial custody for 14 days
 "GST authorities arrest 27-yr old for issuing bogus Rs 1,000 cr bills")
But with court backing, the authorities are considering doing it in some cases of mismatch in the invoices
 "Interest on non-payment of GST may be recovered without notice")
Collections grow 13% in December quarter to Rs 1.3 trillion - the best since July 2017
 "GST mop-up signals economic recovery despite worry over Omicron")
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
 "Appellate Authority overrules AAR to bring Fryum papad under GST exemption")
The Centre is likely to initiate dialogue with states for inclusion of petroleum products under the new indirect tax fold.
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