FHRAI appeals GST rationalisation for the hospitality sector
  • 29 Apr 2022 06:54 PM
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FHRAI appeals GST rationalisation for the hospitality sector

Source: https://www.livemint.com/companies/news/fhrai-appeals-gst-rationalisation-for-the-hospitality-sector-11651156849055.html

NEW DELHI : Citing the unprecedented rise in inflation, the Federation of Hotel & Restaurant Associations of India (FHRAI) has requested the GST Council to evaluate the present GST structure for the hospitality sector and appealed for it to be rationalised.

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‘Revision in GST a medium-term aim’
  • 29 Apr 2022 06:59 PM
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‘Revision in GST a medium-term aim’

Source: https://www.livemint.com/economy/revision-in-gst-a-mediumtermaim-11651171761265.html

NEW DELHI : The 15th Finance Commission’s recommendation to revise goods and services tax (GST) rates and slab structure to improve revenue collection is a medium-term goal, N.K. Singh, who chaired the commission, said, adding it is best done when economic growth is more robust.

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Status Note on GST compensation released to States/UTs
  • 29 Apr 2022 07:44 PM

Status Note on GST compensation released to States/UTs

Source: https://taxguru.in/goods-and-service-tax/status-note-gst-compensation-released-states-uts.html

₹ 2.78 lakh crore of compensation released to States for the year 2020-21 itself ; nothing is pending for the year

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GST compensation of Rs7.35 trillion paid to states so far: finance ministry
  • 28 Apr 2022 06:30 PM

GST compensation of Rs7.35 trillion paid to states so far: finance ministry

Source: https://www.livemint.com/news/india/gst-compensation-of-rs7-35-trillion-paid-to-states-so-far-finance-ministry-11651089758015.html

NEW DELHI : Finance ministry said on Wednesday that the Centre has so far transferred ₹7.35 trillion to states towards goods and services tax (GST) compensation and that no amount is pending for the period upto end of FY21.

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FHRAI urges GST rationalisation for hospitality industry
  • 28 Apr 2022 06:36 PM

FHRAI urges GST rationalisation for hospitality industry

Source: https://www.livemint.com/news/india/fhrai-urges-gst-rationalisation-for-hospitality-industry-11651149053532.html

NEW DELHI: Citing high inflation, Federation of Hotel & Restaurant Associations of India (FHRAI) has urged the GST Council to evaluate current goods and services tax (GST) structure for the hospitality industry, seeking rationalisation of rates.

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Co-conspirator in a Fake ITC Claim of Rs. 11.07 Cr arrested
  • 28 Apr 2022 06:47 PM

Co-conspirator in a Fake ITC Claim of Rs. 11.07 Cr arrested

Source: https://taxguru.in/goods-and-service-tax/co-conspirator-fake-itc-claim-rs-11-07-cr-arrested.html

CGST Commissionerate Mumbai South Arrests Co-conspirator in a Fake Input Tax Credit Claim of Rs. 11.07 Cr; Proprietor arrested earlier

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GST rate hike: Finance Ministry says no feedback sought from states on this
  • 27 Apr 2022 06:01 PM

GST rate hike: Finance Ministry says no feedback sought from states on this

Source: https://www.livemint.com/news/india/gst-rate-hike-finance-ministry-says-no-feedback-sought-from-states-on-this-11650933828838.html

The finance ministry has clarified that no feedback has been sought from states on the GST rates for specific items or regarding proposals to restructure the rates.

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Report on raising GST Rates on 143 items is misleading
  • 27 Apr 2022 06:15 PM

Report on raising GST Rates on 143 items is misleading

Source: https://taxguru.in/goods-and-service-tax/report-raising-gst-rates-143-items-misleading.html

It has been noted that a section of the media has reported that feedback has been sought from States regarding a suggestion for raising Good & Services Tax (GST) rates on 143 items.

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User Manual for filing ‘Kerala Flood Cess Annual Return’
  • 27 Apr 2022 06:19 PM