New GST rates on textile likely from January
  • 25 Dec 2021 07:55 PM
  • New

New GST rates on textile likely from January

Source: https://economictimes.indiatimes.com/small-biz/gst/new-gst-rates-on-textile-likely-from-january/articleshow/88466734.cms

The sector had opposed the increase citing higher compliance costs, especially for the unorganised sector and micro, small and medium enterprises (MSMEs), besides making clothing more expensive for the poor.

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GST: DGGI, Ahmedabad Initiated Search Operations In Kanpur
  • 25 Dec 2021 07:58 PM
  • New

GST: DGGI, Ahmedabad Initiated Search Operations In Kanpur

Source: https://taxguru.in/goods-and-service-tax/gst-dggi-ahmedabad-initiated-search-operations-kanpur.html

Officers Of Directorate General Of GST Intelligence (DGGI), Ahmedabad With The Support Of Officers Of Local Central GST Initiated Search Operations In Kanpur

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New GST rates on textile likely from January
  • 24 Dec 2021 06:34 PM
  • New

New GST rates on textile likely from January

Source: https://economictimes.indiatimes.com/small-biz/gst/new-gst-rates-on-textile-likely-from-january/articleshow/88466734.cms

The sector had opposed the increase citing higher compliance costs, especially for the unorganised sector and micro, small and medium enterprises (MSMEs), besides making clothing more expensive for the poor.

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Govt working to bring changes in GST Act, public platforms to support business: Jayant Sinha
  • 24 Dec 2021 07:04 PM

Govt working to bring changes in GST Act, public platforms to support business: Jayant Sinha

Source: https://economictimes.indiatimes.com/small-biz/gst/govt-working-to-bring-changes-in-gst-act-public-platforms-to-support-business-jayant-sinha/articleshow/88466694.cms

Public platforms such as UPI and Aadhaar are very important platforms. Even then, for us to leapfrog, we have to do more in terms of public platforms," Sinha said while speaking at the Assocham e-summit on 'Non-Banking Finance Companies & Infrastructure Financing: Transforming the Financial Lending Landscape'.

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E-way bills signal pick up in economic activity in December
  • 23 Dec 2021 06:39 PM

E-way bills signal pick up in economic activity in December

Source: https://www.livemint.com/economy/eway-bills-signal-pick-up-in-economic-activity-in-december-11640261271841.html

GST collections had grown from ₹92,000 crore in June to ₹1.31 trillion in November, the second highest since GST roll out. The central government said last week its net direct tax collection so far this year has touched ₹9.45 trillion, growing 60.8% year-on-year

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No recommendation by GST Council to bring petroleum products under new tax regime
  • 22 Dec 2021 06:24 PM

No recommendation by GST Council to bring petroleum products under new tax regime

Source: https://economictimes.indiatimes.com/small-biz/gst/no-recommendation-by-gst-council-to-bring-petroleum-products-under-new-tax-regime/articleshow/88424575.cms

The change in duties takes into account relevant factors such as international product prices, exchange rate, tax structure, inflation and keeping in view the prevailing fiscal situation, Minister of State for Finance Pankaj Chaudhary said.

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DoT backs refund of input tax credits for telecom sector
  • 21 Dec 2021 05:31 PM

DoT backs refund of input tax credits for telecom sector

Source: https://www.livemint.com/industry/telecom/dot-backs-refund-of-input-tax-credits-for-telecom-sector-11640027299526.html

Though GST rules permit companies to claim refunds for taxes paid on inputs, telecom infrastructure remains specifically excluded.

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Withdraw GST hike on garments, fabrics: Telangana minister urges Centre
  • 20 Dec 2021 05:26 PM

Withdraw GST hike on garments, fabrics: Telangana minister urges Centre

Source: https://www.livemint.com/news/india/withdraw-gst-hike-on-garments-fabrics-telangana-minister-urges-centre-11639932144673.html

Industries Minister KT Rama Rao said that the handlooms sector has been going through a difficult phase due to coronavirus pandemic

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E-commerce players must meet tax liability on restaurant services in cash: CBIC
  • 19 Dec 2021 11:57 AM

E-commerce players must meet tax liability on restaurant services in cash: CBIC

Source: https://www.livemint.com/news/india/ecommerce-players-must-meet-tax-liability-on-restaurant-services-in-cash-cbic-11639830504426.html

E-commerce firms will be liable to pay GST on any restaurant service supplied through them including by an unregistered person. The idea is to improve tax compliance

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Govt reduces GST Rate on Ethanol to 5% from 18%
  • 17 Dec 2021 10:32 AM

Govt reduces GST Rate on Ethanol to 5% from 18%

Source: https://taxguru.in/goods-and-service-tax/govt-reduces-gst-rate-ethanol-5-per-cent-18-per-cent.html

TAX BREAKS ON ETHANOL | The Government has lowered Goods and Services Tax rate to 5% from 18% on ethanol meant for blending under the Ethanol Blended Petrol (EBP) Programme

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