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IGST DUES
Kalyan Jewellers, Titan, other jewellery stocks crash up to 6% as Centre hikes gold customs duty to 15%Jewellery stocks like Kalyan Jewellers and Titan Company tumbled up to 6% after the government hiked customs duty on gold and silver import...- India raises gold, silver import duty to 15% to curb imports, support rupee amid West Asia crisisGold, silver import duty hike: India has significantly raised customs duties on gold, silver, and platinum imports to 15% and 15.4%, respec...
- Indian banks pause gold imports as renewed FinMin notification on IGST hangs fire in FY27Banks in India have paused gold and silver imports since April 1, pending an annual government notification that provides tax clarity for b...
- Supreme Court relief for IndiGo & SpiceJet: No retrospective IGST on reimported aircraft partsThe Supreme Court provided relief to InterGlobe Aviation and SpiceJet. It dismissed the customs department's appeal. The appeal sought inte...
- IGST on ocean freight likely to be scrappedExperts said the move is likely to bring much needed relief to the importers, whose refund claims worth over ₹1,000 crore are stuck. "The i...
- Centre has not released Rs 27000 crore IGST dues of states : Amit Mitra"The BJP state president should know the facts and calculations about its computation. The Centre is depriving the states of IGST dues of R...
- How Budget 2022 can address duty benefit scheme challenges faced by exportersIt is expected that Union Budget 2022 would carry necessary amendments in the Customs law to provide certainty in line with the vision of t...
- Government collects Rs 1.12 lakh crore GST for AugustTotal CGST collected is Rs 20,522 crore, SGST Rs 26,605 crore, IGST Rs 56,247 crore (including Rs 26,884 crore collected on import of goods...
- Delhi HC asks government to place issue of IGST on oxygen concentrators in Friday GST council meetThe issue of IGST on oxygen concentrators may already be addressed by the GST council on Friday. The council could look at doing away with ...
- Importers drag Centre to court over oxygen concentrators tax, claim 'violation of rights’Only non-profit organisations registered under the Foreign Contribution (Regulation) Act (FCRA) are exempt from the IGST when importing oxy...
- Government slashes IGST on oxygen concentrators for personal use to 12%"IGST on Import of Oxygen Concentrators for personal use has been reduced from 28 per cent to 12 per cent to bring IGST rate on such person...
- CBIC addresses IGST refund issues of exporters"It is seen that a considerable number of exporters have been facing difficulties in getting their IGST refund sanctioned either due to lac...
- Sitharaman says her name was inadvertently mentioned as head of GoM on IGSTShe said that while she was meeting states regarding GST compensation issue, "there was a confusion", that Nirmala Sitharaman has withdrawn...
- Businesses can use IGST credit to settle centre, state tax dues: CBICThe CBIC has now clarified that the IGST credit can be used in payment of CGST or SGST in any order or proportion.
- Tamil Nadu CM pitches for speedy settlement of IGST duesTamil Nadu had pitched strongly for compensation on tax revenues lost due to the transition to the Goods and Services Tax regime last year.
- Delhi Customs launches special drive to help exporters get quick tax refundsThe move is part of a first-of-its-kind exercise organised by the department to further enhance ease of doing business. This ongoing specia...
- Exporters claim Rs 6,500 crore refund for July-October: Finance MinistryThe CBEC had last month started refunds for exporters of goods who have paid Integrated GST (IGST) and have claimed refund based on shippin...
- GST collections in October decline to Rs 83,346 croreGovt attributed lower collections to the release of state & central GST paid in the first three months, reduction in taxes and payment of G...
- Exporters can manually file GST refund claims: CBECThe CBEC had last month started refunds for exporters of goods who have paid Integrated GST (IGST) and have claimed refund based on shippin...
- GST exemption withdrawn for hospital equipment, Export Oriented UnitsImport of equipment by government hospitals and those run by societies will be subject to full rate of IGST, as existing concessional rate ...
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