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GST UPFRONT PAYMENT
GST@9: Building a more seamless, certainty-driven input tax credit frameworkA more balanced and predictable approach can help safeguard revenue, reduce disputes, enhance taxpayer confidence, and create a more effici...- What's brewing? FinMin seeks gold lending info from banksIn a communique to banks on Friday evening, the Department of Financial Services sought data on value and quantity of gold metal loans (GML...
- 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...
- Gold buying through unique buy-now-pay-later solution: Keyur Shah, CEO, Muthoot Exim, on how he is making gold buying affordableMuthoot Exim's Swarnavarsham scheme offers a buy-now-pay-later solution for low and middle-income gold buyers. Customers pay a 15% down pay...
- Struggling with a big credit card bill? Converting to EMIs may help but read the fine print firstConverting large credit card bills to EMIs offers immediate relief by breaking down payments, but comes with significant costs beyond state...
- Is no-cost EMI really cost-free? Read terms and conditions carefully for hidden charges and missed discountsEasy EMIs aid festive buys, but hidden charges and missed discounts require careful reading.
- NBDA seeks GST relief to ease financial strain on news broadcastersThe News Broadcasters & Digital Association (NBDA) has appealed to the Finance Minister Nirmala Sitharaman, requesting revisions to the GST...
- Bajaj Finance gets show cause notice for Rs 342 cr GST demandBajaj Finance has been served with a show cause notice for a GST demand of Rs 342 crore. Authorities claim the fixed upfront interest colle...
- Bajaj Finance gets notice for 'GST evasion' of ₹341 croreBajaj Finance received a show cause notice from the Directorate General of Goods and Services Tax Intelligence for alleged GST evasion amou...
- GST council may cut upfront payment for tax appeal to 7%The council could also consider an amnesty scheme for disputes of the pre-GST regime and a proposal to make biometric-based Aadhaar authent...
- In relief to tenants, AAR allows tax credit on GST paid on upfront lease premiumTill now, tax authorities have been mostly disallowing input tax credit on upfront lease premium, arguing that this transaction is similar ...
- GST: Taxability of annuity on road construction still a grey areaIn its recent meeting the Council had clarified that annuity paid for 'service by way of access to a road or a bridge' is exempt from GST.
- Several hospitals come under taxman’s probeIt comes as the government has received several complaints that many hospitals have refused to accept payments in any other mode but cash. ...
- Uniformity in GST rates necessary for sustained growth of mining sector: FIMIThe mining industry faces acute financial difficulty in utilisation of the input tax credit availed by the owners on their purchases of inp...
- Telcos seek soft loans, levy cuts to ease stressThe telcos have urged the FM to expedite steps to cut SUC to 3% of a telco’s adjusted gross revenue (AGR) and reduce licence fees to 3% of ...
- AGR woes: Funds from Voda, Infratel-Indus merger may aid VIL's upfront payment, say analystsThe Supreme Court had said that private telecom companies including Bharti Airtel and Vodafone Idea must come out with a "reasonable paymen...
- Parliamentary panel suggests lower GST rate for auto sectorAmid slowdown in the sector, the committee, among other things, recommended to either suspend or postpone the upfront payment of insurance ...
- Without sops, GST set to be taxing for SEZs, tech parksOn the whole, the IT ITES industry will certainly benefit from these, along with the rest of the Indian industry. However, the draft GST la...
- Ease of doing business: Modi govt to make refund of service tax for IT firms like Infosys, TCS, Wipro easierThe scheme will cover cos that have a credible tax-paying compliance record & will enable them to get service tax refunds as and when they ...
- Global travellers may get tax refund while leaving IndiaMove may spell trouble for exporters, who will lose access to duty-free imported inputs and will have to make upfront payment of GST that w...
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