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GST TAX CLARIFICATION
Online gaming money tax dispute: GST to be charged on full value of the deposit, rules Supreme Court, know how it impacts the playersThe Supreme Court has settled India's online gaming tax dispute. GST will now be charged on the full value of player deposits, not just the...- West Bengal tax body rejects Flipkart’s GST exemption model for delivery chargesFlipkart's bid to exempt delivery charges from GST by classifying itself as a Goods Transport Agency has been rejected by the West Bengal A...
- Finance ministry may review MOOWR benefits for battery storage importsThe Finance Ministry is set to discuss customs warehousing benefits for imported battery storage systems. Industry groups have raised conce...
- 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) ...
- Gift vouchers won't attract GST, clarifies CouncilThe GST Council declared that voucher transactions will not be subject to GST, providing relief to retailers. This decision clarifies that ...
- Infosys accused of Rs 32,000-crore GST evasion: Here are 10 things to knowIT giant Infosys received notices from GST authorities alleging tax evasion of Rs 32,403 crore. The demand covers services from overseas br...
- Real estate developers, RWAs liable to pay GST for over-charging electricity tariff from flat ownersThe Central Board of Indirect Taxes and Customs (CBIC) has clarified that real estate developers and Resident Welfare Associations (RWAs) w...
- Electricity supply by realty firms, mall owners, airport operators to attract 18% GST"It is clarified that whenever electricity is being supplied bundled with renting of immovable property and/or maintenance of premises, as ...
- GST dept may soon clarify on exemptions to IVF, tax on honorarium paid to guest anchorsA committee of tax officers from the Centre and states, referred to as the Fitment Committee, has informed the GST Council that healthcare ...
- Karnataka High Court stays retro tax call on annuity to infra companiesA host of summons have been issued by the GST authorities since the issuance of clarification after the GST Council decided to exempt toll ...
- Mining, steel companies may move court over GST on royalty, licence feesAs per the current regulations, mining companies pay licence fees to state governments and pay either royalty annually or based on conditio...
- GST: Not all intermediaries out of the woods, will continue legal tussle against governmentThese intermediaries say that they have been left out of the recent clarification by the government and that they will continue their legal...
- Confusion over GST on annuity from govt: Infra companies under taxman’s lensIndustry trackers said that some of the infrastructure and construction companies are already reeling under financial pressure. Some of the...
- Salaries paid to company directors not to attract GST: CBIC"The part of director's remuneration that are declared as 'salaries' in the books of a company and subjected to TDS under Section 192 of th...
- FMCG, pharma cos to contest retro taxTop FMCG and pharma companies are planning to move the courts as they face retrospective tax on discounts offered since 2017
- Biggest triumphs associated with GST is the depiction of cooperative federalismThe GST Council has approved new simplified return formats and these are expected to be launched on a pilot basis from April and full-fledg...
- 31st GST Council Meeting - The hits and missesThe Council had in detail evaluated the various proposals of rate reduction; specifically for the goods covered under the 28% list, with an...
- Travel portals seek clarity on TCS provision under GSTA circular issued in September has created some confusion prompting the industry to seek a clarification from the government.
- No GST on traditional Rakhi; 5% tax on gold, silver rakhisThe finance ministry has said puja samagri, including holy red thread ‘kalava’, would attract nil GST. Thus, rakhi, which is in the form of...
- Clarity on GST over aircraft imports soonApart from Air India, one aircraft each of IndiGo, Vistara and AirAsia India are stuck because of the confusion, as are planes of other air...
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