Page 45 - Gst

GST officers ask cos to clarify mismatch in sales returns, e-way bill data

Touted as an anti-evasion measure, e-way bill system was rolled out on April 1, 2018, for moving goods worth over Rs 50,000 from one state to another

GST revenue touches record high of Rs 1.06 trillion in March: FinMin

Total number of summary sales return GSTR-3B filed for the month of February up to March 31 stood at 7.59 million

Some interpretation issues remain even after GST

The principle the SC enunciated in several judgments was that where in a tariff entry there were several sub-entries, the classification should be in one of the sub-entries

Roll-out of new, simplified monthly GST return forms deferred

Small taxpayers, with turnover of up to Rs 5 crore in the last financial year, can file quarterly return with monthly payment of taxes on self-declaration basis

Roll-out of new, simplified monthly GST return forms deferred

In July last year, the Central Board of Indirect Taxes and Customs had come out with the draft GST returns forms and sought comments from stakeholders

Explained: Why GST still vexes India's real estate developers and buyers

The press release after the 34th GST Council meeting has attempted to address many of ambiguities and apprehensions

Govt extends IGST, compensation cess exemption

These exemptions have been extended for exporters buying inputs domestically or importing for export purposes under export oriented unit (EOU) scheme

GST Council's plan for real estate sector may not find many takers

Sector seeks expansion of price band of affordable housing, lower tax on cement, pins hopes on post-poll reforms

Cannot take coercive action in circular trading cases: Bombay HC

The petitioner, whose business is in dealing with MS ingots, had filed a plea in court for personal liberty enshrined in the constitution

Jaitley bats for GST Council type of cooperation in farm, healthcare

Jaitley advocated for cooperative federalism in agriculture, rural development and healthcare for the larger national interest.

GST Council approves transition plan for new tax rates for real estate

Reasonable time for transition will be given to developers in consultation with states, he told reporters here.

Housing GST rule must be changed, says West Bengal FM Amit Mitra

The GST Council meeting slated for Tuesday will take up the issue of finalising the rules and procedures to implement the decisions of the last Council on real estate

GST Council to consider implementation of lower tax rates for realty sector

The council is expected to give its nod on new rules on how far builders can make use of credit for taxes paid on raw materials

GST on real estate: Transition is key

Tomorrow's GST Council meeting, which is expected to finalise the transition provisions, will be keenly watched

CBIC clears air on sales promotion offers under GST

The Director General of Foreign Trade has discontinued issue of physical copies of advance authorisations and EPCG (Export Promotion Capital Goods) authorisations

Cos can raise product weight in lieu of price cut to pass on GST benefit

However, benefits must be passed on to consumers at SKU level, clubbing with promos not allowed, says National Anti-Profiteering Authority

GST appellate body clears air on tax credit for sweet shop vs restaurant

Sweet shop not to be regarded as extension of dine-out eatery, and will enjoy tax credit benefit, if its accounts are maintained separately

Election Commission gives approval to GST Council meeting on March 19

The GST Council Secretariat sent notices to states for the 34th meeting of the Council on March 19 after the Commission's approval, which was needed because of the model code of conduct in force for L

Biz can compare tax liability declared in final, summary GST returns forms

While GSTR-1 for a month is filed by the 11th day of the succeeding month, GSTR-3B is filed and taxes paid by the 20th day of the succeeding month

GST Council to meet on March 19 to finalise real estate tax structure

Rates on govt and private lottery unlikely to feature at the meet