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CGST AMENDMENT BILL
State borrowings must focus on asset creation, not just revenue expenditure: FM Nirmala SitharamanUnion Finance Minister Nirmala Sitharaman urged state governments to invest borrowed funds in long-term assets like schools and hospitals, ...- Missed GST return filing? Your GST registration could be suspended; check the legal positionGST registration can now be suspended for even minor delays in filing returns, a shift from the previous six-month rule. Experts highlight ...
- Tweak in input tax credit may hit realty developersThe government's amendment to the Finance Bill 2025 overrides the Supreme Court's 2024 ruling and disallows input tax credit on the constru...
- GST amendments: Place of supply clarification – Clarificatory or Misleading?Recent GST amendments and circulars have introduced complexities for businesses, especially in ‘bill to ship to’ transactions involving unr...
- Law amendments approved by GST Council to be incorporated in the Finance Bill: CBIC ChiefCBIC Chairman Sanjay Kumar Agarwal announced that decisions from the recent GST Council meeting, such as an amnesty scheme for initial GST ...
- Valuation rule for entry-level bets on e-gaming is prospective: Finance Minister Nirmala SitharamanFinance Minister Nirmala Sitharaman clarified that the valuation rules for imposing a 28% Goods and Services Tax (GST) on entry-level bets ...
- FM tables CGST Second Amendment Bill in Lok SabhaThe amendment was proposed after the approval of the GST council in its 52nd meeting on October 7. In October the centre had notified the d...
- Lok Sabha passes CGST and IGST Amendment Bill to enforce 28% GST on online money gamingWhile the amendment proposes simplified GST registration for such overseas suppliers, it also empowers authorities for blocking websites or...
- Bills to amend CGST, IGST Acts may be tabled in LS todayBills seeking to amend CGST and IGST Acts to impose taxes on online games, casinos and horse racing are expected to be introduced in the Lo...
- Retro amendment clears key GST doubt, but opens door for further litigationThe Finance Bill proposes to do away with GST on merchant trade, in-bond sale and high sea sales. But by not refunding the tax collected un...
- GST: Imposition of new ITC restrictions every year is diluting ease of doing businessAt the inception of GST, the availment of ITC was envisaged as a two-way communication whereby the supplier would upload the supply invoice...
- GST: Is recovery proceeding justified for differences in outward supply in GSTR-1 vs. GSTR 3BFrom January 2022 the difference between outward supply shown in GSTR-1 vs. GSTR-3B of the relevant period would be considered as self-asse...
- Budget 2021: FM does away with the need for GST Audit for a section of taxpayersThis will bring relief to SMEs that are struggling with the requirement for audits under numerous laws.
- Lok Sabha takes up GST Bill today: 10 factsThe Cabinet chaired by PM Modi approved the Central Goods and Services Tax Bill 2017 (The CGST Bill), the Integrated Goods and Services Tax...
- J&K will have to pass special laws to make GST applicableThis is because Article 370 of the Constitution grants special autonomous status to the state and Parliament of India has power to make law...
- Centre mulls 'advancing' Winter session for early GST roll outThe Winter session of Parliament is generally convened in the third or fourth week of November. The government, however, is looking to star...
- Requirement of 50% states ratifying GST bill completeBefore supporting legislations go to Parliament in November, the state finance ministers have to agree on a GST rate, tax slabs and exempte...
- GST percentage: Rahul Gandhi still stuck at 18He also said the differences over the GST with the government and has narrowed down but the issue of 18 per cent cap is worrisome as it con...
- State finance ministers to meet on November 20 to discuss draft GST lawsState FMs are scheduled to meet on November 20 to discuss the model Goods and Services Tax law as well as the integrated-GST or iGST legisl...
- Government drafting model legislations for GST implementation: CBECThe CGST would be a Central law, the states would have to pass the their own legislation which will based on the model legislation.
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