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GST DEMAND GUIDELINES
Disciplined investing delivered good results for us: Navneet Munot, HDFC MF CEOHDFC MF’s Navneet Munot tells Sanket Dhanorkar and Kayezad E. Adajania how navigating crises has shaped investing discipline, risk manageme...- West Asia crisis: Govt considering customs duty cut on critical induction cooktop componentsIn a bid to enhance accessibility to induction cooktops, the government is contemplating a reduction in import duties on components. Additi...
- TReDS tweak to ease MSME credit flow amid global pressureBanks are set to boost credit flow to MSMEs as regulators ease onboarding for the Trade Receivables Discounting System (TReDS). This move a...
- Too early to say if rise in small car demand after GST cuts will sustain: CEAT MD & CEOTyre maker CEAT Ltd sees continued strong demand for SUVs. It is too early to confirm if the recent increase in small car sales will last. ...
- Bombay High Court stay brings GST relief to over a dozen insurersThe Bombay High Court has provided interim relief to over a dozen insurance companies. A significant GST demand and associated penalties am...
- No GST on penal charges levied by banks, NBFCs and other regulated entities on loans, clarifies CBICNo GST on penal charges: The government has clarified that no bank, NBFC, regulated entities (REs) can charge Goods and Services Tax (GST) ...
- Curb on unfair GST demand recovery proceedings: GST official needs prior approval from higher authority to act within 3 months of demandGST demand order: If you have received a GST demand order, you can either it pay it or file an appeal against it. However if GST officials ...
- Karnataka HC upholds govt notification, caps service fee on app-based auto rides at 5%Justice Suraj Govindaraj, while dismissing the petitions from the app-based aggregators, said the platforms were entitled to collect 5% ser...
- GST council’s role only recommendatory, not binding, asserts Madras High CourtThis decision is significant as it provides support to taxpayers facing GST demands solely based on council discussions or clarificatory ci...
- TTML faces claims worth Rs 615 cr in pending litigationsTata Teleservices Maharashtra Limited (TTML) faces claims worth Rs 615.41 crore which are under litigation in various courts across the cou...
- Online courses to doctors even if mandated by Medical Council should be taxed under GST: AARThe Karnataka AAR said that the online education courses cannot be considered to be covered under the definition of medical facility even i...
- Restaurant industry wants clarity on GST on Swiggy, ZomatoThe GST Council has said that food delivery platforms such as Swiggy and Zomato should cough up 5% GST, just like restaurants.
- Delhi HC stays demand made on HUL by the National Anti-profiteering AuthorityNAA, in its order last month, had penalised the maker of Dove shampoo and Lux soap for increasing grammage of their products to compensate ...
- Credit to MSEs up 5 times to Rs 1.23 lakh crore post GST: SBI studyThe credit growth to MSEs is quite stupendous post-GST, the report by SBI Ecowrap said. GST, which subsumed most of the indirect taxes, was...
- MSME sector on verge of closure due to non-issuance of detailed notification under GST: IndustrialistsBBIA general secretary Ajay Langer said that the delay has put a huge financial burden on the industrial units, resulting in a blockage in ...
- Anti-Profiteering guidelines under GST likely by next monthSeveral experts — in the government and tax advisors — have been raising several hypothetical questions around the anti-profiteering clause...
- GST regime brings new cash management system for govt expensesIn a circular, the home ministry said the revised cash management system has to be followed in view of the changes in tax receipt under the...
- SAIL appoints Lakshmikumaran & Sridharan to supervise the transition to the GST regimeThe move comes at a time when SAIL announced that it aims at marketing 15 million tonnes of saleable steel during the current fiscal follow...
- GST: Tax headache in India is a bonanza for global accounting firmsWith just 7 weeks to go before GST kicks in, Indian companies are in a race against to bring in global experts to help overhaul their syste...
- Centre, states again spar over compensation for central sales tax lossesIn a letter to Pranab Mukherjee, an empowered committee of state finmins has said the Centre's dithering on compensation could have consequ...
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