- 19 Sep 2023 07:05 PM
- New
WTC Mumbai submits memorandum for GST issue redressal
This memorandum highlights the emerging challenges or concerns of the industry and suggests suitable recommendations to address these challenges.
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- 19 Sep 2023 06:56 PM
- New
Gadkari’s diesel tax gaffe underscores policymakers' need to focus on outcomes, not the process
Minister for Road Transport and Highways Nitin Gadkari is undoubtedly a man in a hurry. His go-getter attitude has undoubtedly transformed highway construction in India. Under his remit, the pace of road construction in India has leapfrogged from around 3 km per day to around 37 km per day.
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- 16 Sep 2023 05:47 PM
- New
GST Council Newsletter for the month of August 2023
Source: https://taxguru.in/goods-and-service-tax/gst-council-newsletter-month-august-2023.html
GST Council recommended certain amendments in CGST Act, 2017 and IGST, Act 2017, including amendment in Schedule III of CGST Act, 2017, to provide clarity on taxation of supplies in casinos, horse racing and online gaming
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- 16 Sep 2023 05:40 PM
Thirty one GST appellate tribunal benches to be set up across the country
New Delhi: The Centre has notified setting up of 31 GST appellate tribunal benches across the country to ensure quick resolution of disputes related to Goods and Services Tax (GST) between the government and businesses, and central and state governments.
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- 15 Sep 2023 05:39 PM
GST on brand name usage baffles banks
Source: https://www.livemint.com/industry/banking/gst-on-brand-name-usage-baffles-banks-11694715629173.html
Banks are facing uncertainty on the applicability of goods and services tax (GST) on the use of a common brand name of the bank by all its branches and subsidiaries, said two people privy to the development.
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- 14 Sep 2023 05:37 PM
Sovereign Gold Bond: Five reasons to buy SGB series-II that closes for subscription tomorrow
Sovereign Gold Bonds (SGBs) offer assured returns, no storage hassles, no capital gains tax, can be used as collaterals for loans, and have no GST or making charges
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- 13 Sep 2023 06:11 PM
Government Imposes 30-Day Invoice Reporting Limit for Large Taxpayers
The Indian Government has introduced a significant change in the reporting of invoices on the e-invoice IRP portals. Taxpayers with an Aggregate Annual Turnover (AATO) exceeding 100 crores will now face a strict time limit for reporting invoices. This article delves into the details of this crucial update and its implications for large taxpayers.
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- 12 Sep 2023 05:37 PM
New GST Invoice Reporting Time Limit: Important Update for Taxpayers
Introduction: In a move to streamline and regulate the reporting of invoices on e-invoice portals, the GST Authority has introduced a significant change that directly impacts taxpayers, especially those with an Aggregate Annual Turnover (AATO) of equal to or greater than 100 crores. Effective from November 1, 2023, taxpayers falling within this category will be subject to a strict 30-day time limit for reporting invoices from the date of the invoice itself. This advisory aims to provide clarity on this new development and its implications for taxpayers.
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- 12 Sep 2023 05:26 PM
Nitin Gadkari pushes for shift to green fuel, ‘may have to propose additional 10% GST, if…’
India's Road Transport Minister plans to propose a 10% tax on diesel engine vehicles to the finance minister.
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- 12 Sep 2023 05:29 PM
Nitin Gadkari clarifies statement on ‘additional tax on diesel vehicle purchase’, says ‘no such plans yet’
No proposal to impose additional 10% GST on sale of diesel vehicles, says Road Transport Minister Nitin Gadkari.
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