Page 18 - Gst

Pay Rs 79-cr GST dues to operate bank accounts, HC tells ByteDance

The indirect taxes department has accused ByteDance of evading taxes and not paying its GST dues in full, a charge denied by the Chinese firm

Surrender proportionate incentives to remit export claims: Expert

File the annual return for the year 2020-21 on or before April 30, 2021

Robust kickoff to FY22 marred by anxieties over Covid resurgence

The financial year 2021-22 has started well, except that the anxieties due to the spread of coronavirus in India and abroad have increased. Hopefully, they too shall pass

GST to be levied on underlying goods/services in gift vouchers, rules AAAR

The Tamil Nadu bench of the AAAR has ruled that GST would be levied on the underlying goods/ services at the time of redemption such pre-paid instruments.

GST dilemma: Contradictory AAR rulings leave industry perplexed

States like Punjab and Delhi have reported delays in disposing of AAR applications.

Recovery on a roll: GST mop-up hits record Rs 1.24 trillion in March

Tax collections exceed Revised Estimates; Centre's fiscal deficit expected lower than 9.5% of GDP in FY21

Tamil Nadu AAAR clears air over GST on vouchers, says taxable on redemption

As such, GST would be imposed on goods and services bought through vouchers

Covid impact: Govt extends current foreign trade policy till September 30

Exemption from payment of IGST and compensation cess on the imports made under advance authorisations and by export oriented units has also been extended

Govt improving GST evasion detection but recovery a problem: CAG report

Authorities were good at recovering amounts from medium firms but failed to pin down large and small ones.

GST technical glitches behind input tax credit frauds: CAG report

CAG recommended fixing a definite time frame for rolling out simplified GST return forms

Cannot bring petrol, diesel under GST for next 8-10 years: Sushil Modi

BJP leader Sushil Kumar Modi on Wednesday said it is not possible to bring petrol and diesel under the GST regime for the next eight to 10 years

How LDF's handling of three crises could shape the poll narrative in Kerala

The electorate is most likely to rate the govt on its response to the flood, its management of the economy after GST, and its recent response to Covid-19

In spite of the pandemic

The Budget for 2021 makes a fresh beginning in dealing with numbers and estimates

Tolerating an act for a consideration is a taxable service: Expert

Our account with the Customs was flagged as "risky exporter" and our claim for refund of IGST paid on export goods was blocked

No proposal for scrutiny of GST assessment in faceless mode: Thakur

There is no proposal of faceless scrutiny assessment of GST returns as the Goods and Services Tax rule already provide for electronic filing and assessment, Thakur said

States may face Rs 3 trillion GST compensation shortfall in FY22: Report

This will force them to borrow more from the markets, says a report

100% of estimated GST compensation shortfall of Rs 1.1 trn released: Govt

Starting from October 23, 2020, the borrowings were completed in 20 weekly instalments

No proposal to bring petrol, diesel, ATF, gas under GST: FM Sitharaman

The announcement comes amid record-high fuel prices

Delhi govt in favour of bringing petrol, diesel under GST: Satyendar Jain

The Delhi government is in favour of bringing petrol and diesel under the Goods and Services Tax (GST) regime, Home Minister Satyendar Jain said in the legislative assembly on Wednesday.

Bring petrol, diesel under GST: Maharashtra dy CM Pawar urges Centre

Maharashtra Deputy Chief Minister Ajit Pawar on Wednesday demanded that petrol and diesel be brought under the Goods and Services Tax (GST)