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CGST REFUND SCHEME
A 'Good & Simple Tax'? 4 years of GST and the road aheadDespite early hiccups, overall progress during the last four years has helped India achieve the ambitious government’s aim of bringing in e...
A proposed GST amendment may severely impact Indian exportersAn amendment to Section 16 of the IGST Act may seem harmless, but is capable of having a deep and far-reaching implication for the exporter...
Importers challenge notices seeking duty on EOU importsThe tax notices have been issued under Rule 96 (10) of the Central Goods and Service Tax (CGST) Act introduced in 2017. The rule initially ...
Gujarat HC denies Integrated GST rebate to advance authorisation license holdersHolders of advance authorisation licenses were entitled to import raw materials without payment of integrated GST and rebate of IGST. The g...
18 per cent growth in the collection of State GST in Assam: Sarbananda SonowalSonowal while informing that there has been 18 percent growth in the collection of State GST (SGST) in the state and refunds have been made...
North East Industrial Development Scheme a failure: North Eastern industry to Finance minister Nirmala SitharamanFederation of Industry and Commerce of North Eastern Region said that the scheme has failed to boost the private sector investments in the ...
Commerce ministry to soon come out with new foreign trade policy"We have taken views of all stakeholders. The new policy is likely to be announced by September-end or early-October," an official said.
Government to introduce further reforms in GST on Monday to mark 2 years of rolloutThe govt set to announce a bunch of new GST reforms on Monday to mark two years of the GST implementation.
Taxman’s lens on exporters for claiming double benefits on GSTAccording to the notices, the anomaly came to light during an audit conducted by the tax authorities.
Exporters under the scanner for claiming tax benefits twiceAccording to the notices, the anomaly came to light during an audit conducted by the tax authorities. The tax department claimed that these...
CBEC field offices observe GST refund fortnight; to clear Rs 150 crore of pending refundsAs much as Rs 150 crore of Integrated Goods and Services Tax (IGST) refunds are pending for exports though the Cochin port, due to technica...
Cabinet approves CGST refund schemeThe cabinet cleared the CGST refund scheme with a budgetary allocation of Rs 27,413cr, which will come as a big relief to pharma, automobil...
need2know: 10 macro cues for your day on D-StreetA review of the massive import of electronics and IT products from China has started
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.
Struggling to get answers to your GST queries? Here is your 100-point guideThese questions cover various aspects such as registration, refund, supply, input tax credit, composition scheme, transition, invoice, expo...
Finance Ministry starts notifying provisions of GST acts, amends rulesThese include those relating to tax invoice, credit and debit notes, accounts and records, returns, payment of tax, refund, assessment and ...
- 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...