- 30 Dec 2021 07:12 PM
- New
What lies ahead for IBC and GST
Source: https://www.livemint.com/opinion/online-views/what-lies-ahead-for-ibc-and-gst-11640856115071.html
The IBC had been designed with great emphasis on allowing a time-bound manner of resolution, which has not been possible in most of the cases due to limited NCLT benches as well as disputes raised by either dissenting creditors or the existing promoters in the higher courts
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- 30 Dec 2021 07:19 PM
- New
Extension of FY21 GST annual return to help resource crunched MSMEs, say experts
With various states now putting in place Omicron curbs, the MSME sector's working capital cycle is set to be severely hit again.
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- 30 Dec 2021 07:26 PM
- New
Telangana HC issued notice on GST exemption withdrawal on Autos rides thru ECOs
M/s Roppen Transportation Services Private Limited Vs. Union of India and 3 Others (Telangana High Court): Appeal NO. : WP 36254/2021 ; Registration Date 24/12/2021
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- 30 Dec 2021 07:32 PM
GST Council to meet physically on 31st Dec 2021 at 11 AM
Source: https://taxguru.in/goods-and-service-tax/gst-council-meet-physically-31st-dec-2021-11-am.html
As per Sources GST Council is expected to meet physically on 31st December 2021 at 11 AM and it may discuss deferment of hike in GST rates on Textiles & footwear below Rs. 1000 –
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- 29 Dec 2021 05:57 PM
DGGI seizes more than Rs 177 crore in Kanpur search operations
Source: https://taxguru.in/goods-and-service-tax/dggi-seizes-rs-177-crore-kanpur-search-operations.html
DGGI Ahmedabad seizes more than Rs 177 crore in Kanpur search operations
Search operations in related premises continue with recovery of Rs 17 crore, 64 kg gold and 600 kg sandalwood oil worth Rs 6 crore
- 29 Dec 2021 06:17 PM
Request to extend due date for submission of FORM GSTR-9, 9A & 9C
Source: https://taxguru.in/goods-and-service-tax/request-extend-due-date-submission-form-gstr-99a-9c.html
Tax Bar Association, Bhilwara has made a Request to extend due date for submission of FORM GSTR-9, GSTR 9A and GSTR 9C under GST for the FY 2020-21 by two Months i.e. up-to 28th February
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- 28 Dec 2021 05:32 PM
A host of changes in GST law will come into effect from January 1
The GST regime will see a host of tax rate and procedural changes coming into effect from January 1, including liability on e-commerce operators to pay tax on services provided through them by way of passenger transport or restaurant services.
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- 28 Dec 2021 05:41 PM
CBIC clarifies on Explanation added in Section 75(12) of CGST Act
Source: https://taxguru.in/goods-and-service-tax/cbic-clarifies-explanation-added-section-7512-cgst-act.html
CBIC clarifies on twitter on Explanation added in Section 75(12) of CGST Act vide Finance Act, 2021 with effect from 01.01.2022 which was notified vide Notification No. 39/2021–Central Tax | Dated: 21st December, 2021.Explanation added was as follows:-
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- 28 Dec 2021 05:49 PM
Levy of 12% GST on Textiles : Request for deferment of implementation
Confederation of All India Traders requested for deferment of implementation of levy of 12% GST on Textiles. As according to them increase in GST Rate on Textile is illogical and beyond the canon of GST tax structure particularly at a time when the domestic trade of the Country is on the verge of recovery from the colllosal damage caused due to last two spells of the covid. Read Full Text of the Representation
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- 28 Dec 2021 06:05 PM
DGGI Ahmedabad seizes more than Rs 177 crore in Kanpur search operations
Source: https://www.pib.gov.in/PressReleasePage.aspx?PRID=1785617
Search operations in related premises continue with recovery of Rs 17 crore, 64 kg gold and 600 kg sandalwood oil worth Rs 6 crore
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