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GST CLAUSE
Homebuyer wins full refund with Rs 1.57 crore interest in MahaREAT as builder delays possession by 3 years, citing MHADA-MCGM disputeHomebuyers have won a significant victory as MahaREAT ruled a builder cannot use inter-authority disputes to justify possession delays exce...- Disclose tender process for Board exam answer sheet procurement under RTI Act: CIC to CBSEThe Central Information Commission has directed the CBSE to disclose expenditure and procurement details for Class 10 and 12 board exams, i...
- Bombay HC quashes Rs 1,524 crore proposed GST demand on Tata Sons in Docomo arbitration payout caseThe Bombay High Court quashed a Rs 1,524 crore GST demand against Tata Sons, ruling that payments made to NTT Docomo as an arbitration awar...
- Corporate Affairs ministry proposes easing company incorporation rulesIn an effort to boost entrepreneurship, the corporate affairs ministry is poised to revamp the company incorporation process. By consolidat...
- High Court asks Gujarat government to file response to plea against GST clauseNoting that the government had not filed a reply until now, the court said it would otherwise summon the secretaries concerned to the court...
- Anti-profiteering body questions FMCG, pharma firms on GST pricesWhile many companies did announce a price cut after the GST was rolled out, that applied only to new stocks or those manufactured after Jul...
- Greater clarity needed in anti-profiteering rules: CIIThe anti-profiteering clause was brought in the Goods and Services Tax (GST) to ensure that businesses pass on the benefit of tax rate redu...
- How will GST be computed for under-construction propertiesPost GST, home buyers are baffled as to how they would pay taxes because service tax and VAT were no longer relevant in the present scheme ...
- Up to 1 lakh new jobs may be created in six months to support GST implementationThe Central GST (CGST) law provides for an 'anti-profiteering' clause to ensure business passes on the benefit of reduced tax incidence on ...
- 'Inspector Raj' is back, says Mamata Banerjee on GSTIn a scathing attack on the government, she said the GST rules would lead to harassment of small traders and businesses.
- Regulators to ensure no hike in burden on flat buyers post-GSTSeveral developers have sent mails to buyers asking to pay 4.5% service tax by June 30 to avoid shelling out 12% GST from July.
- GST's anti-profiteering clause to check monopolies, cartelsThe anti-profiteering clause was built into the GST law to ensure that the price gains accruing due to an end of "tax on tax", or cascading...
- Only credible plaint to trigger GST anti-profiteering clauseHe said the anti-profiteering clause in the law is meant to be a deterrent and is an enabling clause so that reduction in tax incidence due...
- Companies want their vendors to cut price by 10% due to GST benefitsThe companies have already calculated the exact jump in the vendors' margins and want that they pass it on to them.
- GST: Ecommerce firms push for change in TCS clauseOnline marketplace Amazon India recently reached out to sellers on its marketplace with a survey intended to map the perceived impact of TC...
- Non-BJP states not blocking GST: Karnataka minister, Krishna Byre GowdaGowda said union finance minister Arun Jaitley was also not rushing the process. “He doesn’t want to give the impression of a strong arm ta...
- Parliamentary panel readies report on GST, government gives in on major demandGovt has agreed to provide compensation to states for any revenue loss for five years, thus giving in to one of the major demands from seve...
- Consensus eludes Rajya Sabha select committee on GST billWhile the contentious issues could be settled with a 51% vote in the select committee, when it comes to the question of passing the GST bil...
- Mamata Banerjee for GST, but opposes some clausesMamata said the TMC has reservations on clauses about compensation to the states and also on bulldozing it without consensus.
- GST must be ushered in soon; no need to aim for a perfect tax right nowThe lure for the 'best' should not become the roadblock for a 'good' scheme. As one proceeds, things can be improved.
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