07 Dec 2021 12:14 PM
New

GST Compliance Burden on Food Delivery Applications & Restaurants

Source: https://taxguru.in/goods-and-service-tax/gst-compliance-burden-food-delivery-applications-restaurants.html

From January 1, 2022, Food delivery apps will primarily collect5% GST with the government, on behalf of the restaurants, for deliveries made by these platforms. This has been proposed by the government with a motive to bring several restaurants under the GST regime.

06 Dec 2021 07:10 PM
New

Fake ITC worth Rs. 12 crores busted by Thane CGST; One Arrested

Source: https://taxguru.in/goods-and-service-tax/fake-itc-worth-rs12-crores-busted-thane-cgst-arrested.html

The officers of CGST Thane Commissionerate acting on specific intelligence developed by CIU, Mumbai CGST Zone, booked an anti-evasion case and arrested the Proprietor of M/s. Star Scrap Steel.

06 Dec 2021 06:49 PM
New

Stock brokers' body pleads govt to cut GST for capital markets in Budget

Source: https://www.livemint.com/market/stock-market-news/stock-brokers-body-pleads-govt-to-cut-gst-for-capital-markets-in-budget-11638788929315.html

Anmi said that Indian capital market is burdened with numerous transaction cost which includes various direct and indirect taxes, such as STT, GST, and stamp duty

04 Dec 2021 04:37 PM

Tax Discussion in the Parliament on 25.11.2021

Source: https://taxguru.in/goods-and-service-tax/tax-discussion-parliament-25-11-2021.html

GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE LOK SABHA

UNSTARRED QUESTION NO. 53

03 Dec 2021 07:24 PM

Job hoppers may have to pay GST for not serving the notice period. Details here

Source: https://www.livemint.com/money/personal-finance/job-hoppers-may-have-to-pay-gst-for-not-serving-the-notice-period-details-here-11638516056467.html

The employer can charge 18 per cent GST on the total recoveries accruing on the employee leaving the organisation without serving the notice period., say experts.

03 Dec 2021 07:00 PM

Apparel retailers warn that GST rate hike will hit demand

Source: https://www.livemint.com/industry/retail/higher-gst-input-cost-to-increase-apparel-prices-hit-demand-11638361318462.html

The GST rate hike announcement came just when apparel brands were reporting a recovery in demand

01 Dec 2021 03:45 PM

November gross GST collection at Rs 1,31,526 crore, 2nd highest ever

Source: https://economictimes.indiatimes.com/small-biz/gst/november-gross-gst-collection-at-rs-131526-crore-2nd-highest-ever/articleshow/88025422.cms

The revenues for November are the second highest ever since introduction of GST. The highest-ever revenues were collected in April this year.

30 Nov 2021 02:31 PM

Vivek Johri appointed as CBIC chairman

Source: https://www.livemint.com/news/india/vivek-johri-appointed-as-cbic-chairman-11638117968487.html

Johri, a senior civil servant, is currently a member of the CBIC, handling GST and tax policy

30 Nov 2021 02:52 PM

GST on notice pay, group insurance, phone bill: AAR

Source: https://economictimes.indiatimes.com/small-biz/gst/gst-on-notice-pay-group-insurance-phone-bill-aar/articleshow/87996781.cms

This tax complication comes at a time when top companies are complaining of high attrition. The ruling in the case of Bharat Oman Refineries is set to result in scrutiny by the tax department in the coming months as there's already confusion over the issue.

30 Nov 2021 03:11 PM

Gross GST Collection in FY 2021-22 shows increasing trend

Source: https://taxguru.in/goods-and-service-tax/gross-gst-collection-fy-2021-22-shows-increasing-trend.html

The gross GST Collection in FY 2021-22 post COVID-19 pandemic outbreak are showing an increasing trend. This was stated by Union Minister of State for Finance Shri Pankaj Chaudhary in written reply to a question in Lok Sabha today.