GST Council has not sought states' views on hiking tax rates: Report
  • 25 Apr 2022 05:54 PM
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GST Council has not sought states' views on hiking tax rates: Report

Source: https://www.livemint.com/news/india/gst-council-has-not-sought-states-views-on-hiking-tax-rates-report-11650794562796.html

They said that the panel of ministers looking into GST rate rationalisation is yet to submit its report to the GST Council.

Stating that views have not been sought from states on hiking rates on 143 items, sources said, there is also no proposal to shift more than half of items to the highest tax GST slab of 28 per cent.

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CBI Arrests GST Superintendent In A Bribery Case
  • 25 Apr 2022 06:09 PM
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CBI Arrests GST Superintendent In A Bribery Case

Source: https://taxguru.in/goods-and-service-tax/cbi-arrests-gst-superintendent-bribery-case.html

The Central Bureau of Investigation has arrested a Superintendent, Central GST-1, Baramati, Pune (Maharashtra) for demanding & accepting bribe of Rs.10,000/- from the Complainant. A case was registered against Superintendent, Central GST-1, Baramati, Pune on a complaint.

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CBI Arrests A CGST Superintendent for Accepting Bribe of Rs. 2 Lakh
  • 25 Apr 2022 06:15 PM
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CBI Arrests A CGST Superintendent for Accepting Bribe of Rs. 2 Lakh

Source: https://taxguru.in/goods-and-service-tax/cbi-arrests-superintendent-cgst-central-excise-accepting-bribe-rs-lakh.html

CBI ARRESTS A SUPERINTENDENT OF CGST & CENTRAL EXCISE FOR ACCEPTING BRIBE OF RS. TWO LAKH

The Central Bureau of Investigation has arrested a Superintendent, CGST & Central Excise, Bhopal (Madhya Pradesh) for demanding & accepting bribe of Rs. Two lakh from the Complainant.

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Empanelment of CA/CMA, CA/CMA Firms for Audit of GST registered persons
  • 23 Apr 2022 05:26 PM

Empanelment of CA/CMA, CA/CMA Firms for Audit of GST registered persons

Source: https://taxguru.in/goods-and-service-tax/empanelment-ca-cma-ca-cma-firms-audit-gst-registered-persons.html

Commissioner, State Goods and Services Tax Department, Government of Kerala,invites online Expression of Interest (EOI) for empanelment of Chartered Accountants, Chartered Accountant firms, Cost Accountants and Cost Accountant firms for conducting special audit of accounts of GST Registered persons as envisaged under Section 66 of the Kerala State Goods and Service Tax Act, 2017.

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Memorandum on GST Input Tax Credit Issues
  • 23 Apr 2022 05:33 PM

Memorandum on GST Input Tax Credit Issues

Source: https://taxguru.in/goods-and-service-tax/memorandum-gst-input-tax-credit-issues.html

Ahilya Chamber of Commerce & Industry has made a representation to Chairman of GST Council on GST Input Tax Credit Issues and requested that 4 criteria as originally prescribed in Section 16(4) of CGST Act, 2017 should be necessary for tax payer to avail credit of Input Tax and all other hindrances should be removed. They further requested that there should be a practical approach in deciding late fees, interest and penalties.

Ahilya Chamber of Commerce & Industry has made a representation to Chairman of GST Council on GST Input Tax Credit Issues and requested that 4 criteria as originally prescribed in Section 16(4) of CGST Act, 2017 should be necessary for tax payer to avail credit of Input Tax and all other hindrances should be removed. They further requested that there should be a practical approach in deciding late fees, interest and penalties.

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Lower GST, incentives in govt’s draft battery-swapping policy
  • 22 Apr 2022 02:53 PM

Lower GST, incentives in govt’s draft battery-swapping policy

Source: https://www.livemint.com/news/india/lower-gst-incentives-in-govt-s-draft-battery-swapping-policy-11650567755863.html

NEW DELHI : NITI Aayog proposed a raft of incentives to encourage the creation of battery-swapping infrastructure for electric vehicles (EVs), including offering subsidies to developers and reducing the goods and services tax (GST) on batteries to 5%.

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GST: GoM yet to take a view on rate rationalisation, report says
  • 19 Apr 2022 06:57 PM

GST: GoM yet to take a view on rate rationalisation, report says

Source: https://www.livemint.com/news/india/gst-gom-yet-to-take-a-view-on-rate-rationalisation-report-says-11650298797038.html

The Group of Ministers (GoM) will deliberate and finalise recommendations which will be sent to the GST Council, headed by Finance Minister Nirmala Sitharaman and comprising state finance ministers

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GST Council: Ministers' panel yet to take a view on proposal to raise 5% rate
  • 19 Apr 2022 07:03 PM

GST Council: Ministers' panel yet to take a view on proposal to raise 5% rate

Source: https://www.livemint.com/news/india/gst-council-ministers-panel-yet-to-take-a-view-on-proposal-to-raise-5-rate-11650353289645.html

The seven-member Group of Ministers, which is led by Karnataka chief minister Basavaraj S Bommai and includes finance ministers from West Bengal, Kerala Goa, Bihar, Uttar Pradesh and Rajasthan as members, is likely to meet early next month

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Centre denies reports of GST council planning to raise 5% tax slab to 8%
  • 19 Apr 2022 07:12 PM
‘There is need for comprehensive review of GST regime’
  • 18 Apr 2022 06:21 PM

‘There is need for comprehensive review of GST regime’

Source: https://www.livemint.com/news/india/there-is-need-for-comprehensive-review-of-gst-regime-11650253202677.html

‘The process of setting up a central advance ruling authority which would help reconcile contradictory advance rulings should be expedited’

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