- 21 Jul 2022 12:09 PM
- New
Details of GST Compensation released to States/UTs for a period of 5 years
GST compensation to States for loss of revenue arising on account of implementation of GST for a period of five years
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- 21 Jul 2022 12:26 PM
- New
New Table 3.1.1 in GSTR-3B for reporting supplies u/s 9(5)
Source: https://taxguru.in/goods-and-service-tax/table-3-1-1-gstr-3b-reporting-supplies-u-s-95.html
According to section 9(5) of CGST Act, 2017, Electronic Commerce Operator (ECO) is required to pay tax on supply of certain services notified by the government such as Passenger Transport Service, Accommodation services, Housekeeping Services & Restaurant Services, if such services are supplied through ECO. For reporting of such supplies a new Table 3.1.1 is being added in GSTR-3B as per Notification No. 14/2022 – Central Taxdated 05th July, 2022 wherein both ECOs and registered persons can report their supplies made under section 9(5) respectively.
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- 21 Jul 2022 01:36 PM
- New
Claim of 18% GST on Crematorium Services is Misleading
Source: https://taxguru.in/goods-and-service-tax/claim-18-gst-crematorium-services.html
Claim: There will be 18% GST on Crematorium Services
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- 21 Jul 2022 02:18 PM
AIIMS Delhi raises private ward room rent after 5% GST levy
New Delhi: The All India Institute of Medical Sciences (AIIMS- Delhi) has raised charges of its private ward rooms following the recent decision by the GST Council to levy a 5% tax on hospital room rent exceeding ₹5,000 per day.
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- 21 Jul 2022 02:27 PM
Break BJP's prison, bring people's govt in 2024: Mamata Banerjee at TMC rally
Addressing the Shaheed Diwas (Martyr's Day) rally in Kolkata, West Bengal Chief Minister and Trinamool Congress (TMC) supremo Mamata Banerjee on Thursday attacked the Bharatiya Janata Party (BJP), saying the party is trying to break all state governments.
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- 20 Jul 2022 02:35 PM
No GST on items sold by Kudumbashree or small stores, says Kerala government
Amid growing protest over the imposition of Goods and Services Tax (GST) on essential commodities, Kerala government said on 19 July that it does not intend to tax items sold by entities like Kudumbashree, or small stores in 1 or 2 kg packets.
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- 20 Jul 2022 04:05 PM
FM clarifies on GST on pre-packed or pre-labeled Food Items on Twitter
The GST Council has exempt from GST, all items specified below in the list, when sold loose, and not pre-packed or pre-labeled. They will not attract any GST. The decision is of the GST Council and no one member.
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- 20 Jul 2022 05:38 PM
Traders’ body pitches for withdrawal of 5% GST on unbranded foodgrains
Bengaluru: The Confederation of All India Traders (CAIT) on Wednesday wrote to chief ministers and finance ministers of all states demanding the withdrawal of the 5% goods and services tax imposed on unbranded foodgrains and other items that came into effect from Monday.
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- 19 Jul 2022 01:47 PM
Now, stock exchanges, people dealing in securities to pay 18% GST on Sebi charges
Market infrastructure institutions or persons dealing in the securities market will now have to pay a GST rate of 18% on the fees and charges paid to market regulator SEBI. The new rule has come into effect from July 18 onward. The announcement on Monday follows the GST Council's recommendation to withdraw the exemption granted to services by Sebi.
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- 19 Jul 2022 01:56 PM
Continued reforms helped in GST buoyancy: Nirmala Sitharaman
NEW DE;LHI : As a result of continued reforms in Goods and Services Tax (GST) undertaken by central and state governments on the recommendations of the GST Council, buoyancy in GST revenue has been achieved in the recent months, finance minister Nirmala Sitharaman informed Parliament on Monday.
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