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CGST AND CENTRAL EXCISE
West Asia crisis: Govt to assess impact of recent tax concessions on its indirect tax revenuesIran war: The review will factor in revenue implications from duty relief measures announced to cushion industries from supply disruptions,...
Indirect tax mop-up tops FY26 target, but pan masala cess misses the markIndia's indirect tax collections for fiscal year 2025-26 have surpassed the government's target. Customs, excise, and GST revenues showed s...
Blue Dart Express shares in focus after Rs 420 crore GST demand notice to subsidiaryBlue Dart share price: Blue Dart Express’ subsidiary, Blue Dart Aviation, received a GST demand notice of around Rs 420 crore for alleged m...
Adani Wilmar faces Rs 42 lakh penalty from Uttar Pradesh GST departmentAdani Wilmar has been penalized Rs 42 lakh by the Uttar Pradesh GST department for availing transitional credit. The company received the o...
HUL gets GST notices for Rs 447 crore in five statesHindustan Unilever Ltd (HUL), a leading FMCG maker, has received GST demands and penalties totaling Rs 447.5 crore from authorities in five...
Eicher Motors gets Rs 130 cr tax demand notices, company to challengeThe company has received a demand order for an aggregate amount of Rs 129.79 crore, including a penalty of Rs 11.8 crore and applicable int...
M&M gets Rs 14.3 lakh penalty notice for incorrect input tax credit claim by erstwhile armMahindra & Mahindra has been fined over Rs 14.3 lakh ($20k) for taking incorrect input tax credit during the transition to the GST regime b...
Both GST and Excise duty can be imposed on tobacco: Karnataka HCThe Karnataka High Court has ruled that the Union government is entitled to levy Central GST (CGST) as well as excise duty on tobacco and t...
GST, excise, service tax evasion of Rs 48,555 crore detected during Apr-Dec 2018Of this, investigation in 3,626 cases of GST evasion/violations was initiated till December in the current financial year by Central GST (C...
GST: Anti-profiteering screening panel set up in MP, ChhattisgarhThese committees are being constituted at the state/UTs level under section 171 of the CGST/SGST Act, which provides for the anti-profiteer...
GST reimbursement scheme on fast track, says governmentThe number of product-wise exceptions has been pruned under the new indirect tax framework, but area-based incentives will be exempt.
GST alphabet soup: Don't let the acronyms confuse youWith all the talk of GST, it may be difficult to keep up with the surrounding jargon. Here are some terms that you should know about this a...
Three days to go: Five things to know as you welcome GSTWhile the entire country gears up to welcome the biggest economic and tax reform since Independence, here is a checklist for you so that yo...
GST switchover: Renaming CBEC as CBIC may take a whileWith excise duty alongside nearly a dozen other central and state levies being taken over by the Goods and Services Tax (GST), the ambit of...
GST Council to finalise supplementary legislations tomorrowThe Council meeting is scheduled for two days -- March 4 and 5 -- but it may not stretch beyond tomorrow if all issues get resolved.
Hope to take GST legislations to Parliament this session: FM Arun JaitleyJaitley said he hopes to get Central GST (CGST) and Integrated GST (IGST) draft legislations approved at the next GST Council meeting on Fe...
Finance ministry warns tax officials of action against GST protestThe revenue department on October 10 issued an order asking officials not to go on any protest and cited service rules that bar such action.
Government drafting model legislations for GST implementation: CBECThe CGST would be a Central law, the states would have to pass the their own legislation which will based on the model legislation.
- Budget 2011: ASSOCHAM recommends rationalization of excise duty rate of API
Levy of excise duty @10% (plus 3% cess) on the inputs (active pharmaceutical ingredients or API) whereas the output is taxed @4% (plus 3% c...
- Decoding the goods and services tax
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