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IGST WAIVER
Andhra govt allots 6,000 acres to Bharat Petroleum for ₹1 lakh cr-refinery, gives back 75% capex as sopsAndhra Pradesh has allocated 6,000 acres near Ramayyapatnam Port for BPCL's massive Rs 1 lakh crore refinery and petrochemical complex. The...- 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...
- Have a query about the new GST amnesty scheme for waiver of interest and penalty? CBIC releases FAQ and clarificationsGoods and Services Tax (GST): Section 128A which was announced in Budget 2024 provides relief to GST registered taxpayers who have a pendin...
- India giving a push to cruise services with IGST waiver, cruise terminalsThe government is giving coastal cruise services a push by offering IGST waiver to luxury vessels converting to coastal run and encouraging...
- GST amnesty scheme: Why taxpayers need an opportunity to correct inadvertent errorsIn the initial years, people struggled in understanding the impact of the new regime on their businesses, getting their internal systems re...
- At Rs 92,849 crore, GST mopup lowest since September"These highlight the narrower impact of the state-wise restrictions necessitated by the second wave of Covid-19 in India, as compared to th...
- GST collections drop to Rs 92,849 crore in June, break 8-month streak of crossing Rs 1 lakh croreThe government said July revenues are expected to be better. "It is expected that while the GST revenues have dipped during the month of Ju...
- GST collections at Rs 1.03 lakh crore for May, above Rs 1 lakh crore for 8th consecutive monthThe collections have been 65% higher than the GST revenues in the same month, despite many states being under lockdown due to the Covid pan...
- CBIC notifies IGST waiver for Covid jabs, med suppliesImports of mucormycosis treatment drug Amphotericin B have also been exempted from IGST till the same period.
- GoM to look into GST rates on Covid vaccines, drugs, devicesStates including Odisha, Gujarat, Punjab, Chhattisgarh, Kerala and West Bengal sought full GST waiver for Covid vaccines, drugs and related...
- GST Council to discuss tax rate on Covid essentials, compensation to states on FridayAhead of the first meeting of the top decision-making body, finance ministers of eight states ruled by non-BJP and like-minded parties -- R...
- Opposition states seek lower GST on Covid vaccines, medical gearWest Bengal finance minister Amit Mitra wrote to Sitharaman, the GST Council chair, to accept the state government's proposal of zero tax o...
- India Inc seek IGST waiver on import of Covid goodsAs part of its Covid relief measures, the Centre had on May 3 exempted IGST on relief material with a pre-condition that they are donated a...
- India likely to waive customs duty on COVID-19 vaccine importsThe government presently levies 10 per cent customs or import duty plus a 16.5 per cent I-GST and social welfare surcharge on vaccines comi...
- Drug for spinal muscular atrophy disease already exempt from import duty: FMGiving a clarification on the issue raised by Congress Vivek K Tankha during Zero Hour on March 17, Sitharaman in Rajya Sabha said the memb...
- GST Dynamic QR Code for B2C invoices: All you need to know to stay compliantThe concept of UPI QR code is being followed by digital payment processors and is also available under the Income Tax Law.
- IGST waiver likely for PPE, ventilatorsThe exemption is likely to be for a quarter starting this month, along the lines of the exemption from basic customs duty and health cess o...
- States set to miss FY19 fiscal targets; borrowing to jump to Rs 5.3 trillion: IcraIn April-August of FY19, gross issuance of SDL contracted by 3.4 per cent to Rs 1.32 trillion, primarily led by a sharp decline in issuance...
- State government market borrowings could be higher by 7% to 11% to fund farm loan waiver: IcraAlready there is a 42.7 per cent year-on-year (YoY) growth in SDL issuance in Q2 FY2018.
- Advance Authority for Rulings in demand to clear doubts on GSTThe trigger may have been some prominent companies, associations and multinational banks having either moved court or with plans to do so t...
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