- 23 Apr 2022 05:33 PM
- New
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.
- 22 Apr 2022 02:53 PM
- New
Lower GST, incentives in govt’s draft battery-swapping policy
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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- 19 Apr 2022 06:57 PM
- New
GST: GoM yet to take a view on rate rationalisation, report says
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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- 19 Apr 2022 07:03 PM
GST Council: Ministers' panel yet to take a view on proposal to raise 5% rate
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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- 19 Apr 2022 07:12 PM
Centre denies reports of GST council planning to raise 5% tax slab to 8%
The sources confirmed to ANI that there is no such proposal from the Council, this news is speculative and there is no truth in it.
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- 18 Apr 2022 06:21 PM
‘There is need for comprehensive review of GST regime’
‘The process of setting up a central advance ruling authority which would help reconcile contradictory advance rulings should be expedited’
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- 18 Apr 2022 06:26 PM
GST Council to mull proposal to do away with 5% rate next month.
Discussions are on to raise the 5% slab to either 7 or 8 or 9%, a final call will be taken by the GST Council which comprises finance ministers of both Centre and states, as per sources
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- 12 Apr 2022 06:09 PM
GST compensation: Some states may get relief package
The Centre may offer a special package to states to tide over financial difficulties as the compensation regime for the goods and services tax (GST) ends in June this year after the agreed five-year period.
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- 12 Apr 2022 06:18 PM
2- Factor Authentication for e-Way Bill and eInvoice System
Source: https://taxguru.in/goods-and-service-tax/2-factor-authentication-e-way-bill-einvoice-system.html
To enhance the security of the e-Way Bill/e-Invoice System, NIC is introducing 2-Factor Authentication for logging in to the e-Way Bill/e-Invoice system. In addition to username and password, OTP will also be authenticated for login. There are 3 different ways of receiving the OTP. You may enter any of the OTP and login to system.
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- 12 Apr 2022 06:21 PM
One arrested by DGGI Gurugram officials for fraudulently availing IITC
One arrested by DGGI Gurugram officials for fraudulently availing Input Tax Credit of more than Rs 16 crore
Read more at: https://taxguru.in/goods-and-service-tax/arrested-dggi-gurugram-officials-fraudulently-availing-itc.html
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