01 Apr 2025 06:46 PM
New

Representation for Extension of Section 128A GST Amnesty Scheme

Source: https://taxguru.in/goods-and-service-tax/representation-extension-section-128a-gst-amnesty-scheme.html

Sales Tax Bar Association (STBA), Delhi, has formally requested Finance Minister Nirmala Sitharaman to extend the GST Amnesty Scheme deadline from 31st March 2025 to 30th June 2025. STBA, one of India’s oldest tax associations with around 2000 members, highlights key challenges taxpayers face in availing the scheme. These include unresolved appeals, financial burdens due to upfront full tax payments, multiple Show Cause Notices (SCNs) on identical issues, and dual notices from both Central and State tax authorities. During the Grievance Redressal Committee (GRC) meeting on 27th March 2025, various State Commissioners and industry bodies such as PHDCC, CII, ASSOCHAM, and FICCI acknowledged these difficulties. The association argues that an extension would enhance taxpayer participation, improve compliance, and contribute to increased revenue collection. STBA emphasizes that many businesses, particularly MSMEs, are still recovering from economic hardships and require additional time for fair settlement of liabilities. The request has been copied to key officials, including the Minister of State for Finance, Revenue Secretary, and members of the Central Board of Indirect Taxes and Customs (CBIC), urging their intervention for a timely extension.

31 Mar 2025 06:53 PM
New

Railways Revenue From Non-Confirmed Waitlisted Tickets And GST

Source: https://taxguru.in/goods-and-service-tax/railways-revenue-non-confirmed-waitlisted-tickets-gst.html

In the past three fiscal years, Indian Railways issued approximately 51 crore confirmed/RAC tickets and saw about 15.45 crore waitlisted ticket cancellations. While specific revenue from clerkage charges is not separately maintained, the government confirms that applicable GST on the refundable ticket amount is returned to passengers. However, cancellation/clerkage charges and the associated GST are retained by the Railways. GST is only applicable to AC and First Class tickets. The government does not currently provide separate data on the total GST collected from these waitlisted ticket cancellations. There are no explicitly stated plans in the provided information to revise the refund policy for increased transparency or passenger benefits.

31 Mar 2025 06:55 PM
New

CBI Arrests CGST Officer, Private Person for ₹13K Bribe

Source: https://taxguru.in/goods-and-service-tax/cbi-arrests-cgst-officer-private-person-rs-13k-bribe.html

The Central Bureau of Investigation (CBI) arrested a CGST Superintendent from Nehru Place, New Delhi, and a private individual for accepting a ₹13,000 bribe. The arrest followed a complaint alleging the Superintendent demanded 8-10% of a ₹133,000 GST refund for clearance. The Superintendent agreed to accept ₹13,000. A trap was set, and the private person was apprehended while taking the bribe on the Superintendent’s behalf. Both individuals are now in custody, and the CBI is continuing its investigation into the matter.

31 Mar 2025 06:50 PM

Markets with Bertie | How welfare schemes may be easing liquor regulation

Source: https://www.livemint.com/market/gst-liquor-sales-state-excise-revenue-gst-impact-welfare-schemes-uttar-pradesh-11743317642017.html

India's liquor regulations have been complex for long. But GST and states' need to shore up revenue is beginning to change that

31 Mar 2025 06:48 PM

‘Erroneous’: IndiGo after I-T department imposes ₹944 crore penalty; airline to challenge order

Source: https://www.livemint.com/companies/news/erroneous-and-frivolous-indigo-after-i-t-department-imposes-rs-944-crore-penalty-airline-to-challenge-order-11743321456917.html

IndiGo said it will contest a ₹944.20 crore penalty from the Income Tax Department, which it called erroneous. The company also is also facing other penalties, including ₹113 crore from Delhi's GST department and ₹2.84 crore in Chennai, but with no significant impact on financial operations.

31 Mar 2025 06:46 PM

New income tax norms, GST changes, UPI payment: List of new money rule changes that will affect your pocket from April 1

Source: https://www.livemint.com/money/personal-finance/new-income-tax-norms-gst-changes-upi-payment-list-of-new-money-rule-changes-that-will-affect-your-pocket-from-april-1-11743312637584.html

April 1 rule change: New income tax rule changes, credit card rule change, UPI rule change and a host of other personal finance rule changes will come into effect from April 1, 2025, which will mark the beginning of FY26.

29 Mar 2025 06:10 PM

Request for GST Amnesty Tax Payment deadline Extension

Source: https://taxguru.in/goods-and-service-tax/request-gst-amnesty-tax-payment-deadline-extension.html

Tax Bar Association, Guwahati, has formally requested Union Finance Minister Nirmala Sitharaman to extend the deadline for tax payments under the GST Amnesty Scheme (Section 128A). While the scheme, covering 2017-18 to 2019-20, aims to reduce litigation, its recent amendments and clarifications were only issued on March 27, 2025. Many taxpayers are now eligible but have just two working days (March 28 and 31) to complete their payments, making compliance difficult. The association, representing 440 professionals from various tax-related fields, urges an extension of the tax payment deadline to May 31, 2025, while retaining the existing June 30, 2025, deadline for application submission. They also commit to raising awareness through seminars and workshops to ensure wider participation.

28 Mar 2025 06:46 PM

GST on Medicines and Medical Goods: Government Stance

Source: https://taxguru.in/goods-and-service-tax/gst-medicines-medical-goods-government-stance.html

The Government of India addressed queries regarding the Goods and Services Tax (GST) on medicines and medical goods in a recent Rajya Sabha session. The GST rates and exemptions are determined by the GST Council, which currently has no recommendations to remove GST on all medicines and medical goods. Jan Aushadhi medicines are sold with GST included in their Maximum Retail Price (MRP) as per existing legislation. Healthcare services, including treatments and inpatients’ food, are exempt from GST if room charges do not exceed ₹5,000 per day. State/UT-wise GST revenue from medicines and medical goods for the financial years 2019-20 to 2023-24 indicates a steady rise, with total collections growing from ₹8,861.70 crores in 2019-20 to ₹13,616.48 crores in 2023-24. The annexure to the parliamentary reply provides a detailed breakdown of revenue across states, highlighting significant contributions from states like Maharashtra, Uttar Pradesh, and Gujarat.

28 Mar 2025 06:38 PM

Restaurant services in hotels with room rent above ₹7,500/day fall under 18 pc GST: CBIC

Source: https://www.livemint.com/companies/news/restaurant-services-in-hotels-with-room-rent-above-rs-7-500-day-fall-under-18-pc-gst-cbic-11743092966813.html

New Delhi, Mar 27 (PTI) Hotels charging a room rent above ₹7,500 a day at any time in any financial year will be considered 'specified premises' for the next fiscal and restaurant services provided inside such premises will attract 18 per cent GST with input tax credit, the CBIC said on Thursday.

28 Mar 2025 06:50 PM

FAQs on‘Restaurant Service’ supplied at ‘Specified Premises’

Source: https://taxguru.in/goods-and-service-tax/faqs-restaurant-service-supplied-specified-premises.html

This document clarifies GST rules for “restaurant services” within “specified premises,” effective April 1, 2025. “Specified premises” now refer to hotels with accommodation value exceeding ₹7,500/unit/day in the prior financial year, or those declared as such by the supplier. Restaurant services in these premises attract 18% GST with Input Tax Credit (ITC), while those outside incur 5% without ITC. The concept of “declared tariff” is replaced with “value of supply.” Suppliers can declare premises as “specified” via Annexure VII (existing registrants) or Annexure VIII (new registrants) and opt-out via Annexure IX, filed annually between January 1st and March 31st. Declarations are valid until opted-out. Multiple premises under a single registration require separate declarations. Premises exceeding the value threshold automatically become “specified.” ITC rules differ for premises with mixed tax rates.