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THE CGST RULES
MSMEs and GST@9: Journey so far and next phase of reformsFor India Inc., including MSMEs, the focus appears to have shifted from stabilisation to optimisation, as confidence grows on account of di...- 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, ...
- Five reforms India needs before the next shockIndia faces economic vulnerabilities from external crises. Five reforms are proposed to build resilience. These include reducing gold and c...
- 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...
- GST dept issues tax demand of Rs 124 crore to Spicejet, slaps showcause notice for delay in return filingThe GST department has levied a significant tax demand of Rs 124.65 crore on SpiceJet. This action follows the airline's failure to file Go...
- Delta Corp shares tank 16%. What’s triggering the sharp selloff?Shares of Delta Corp tumbled 16% after the Supreme Court upheld the government’s retrospective 28% GST levy on online gaming companies. The...
- Gaming firms face ₹2.5 lakh crore exposure as Supreme Court upholds 28% GST on betting valueThe Supreme Court has made headlines with its ruling, requiring online gaming platforms to pay a hefty 28% GST on the entirety of the bet v...
- 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 ...
- GST fault line: Supreme Court to rule if taxman can bundle years into one sweeping show-cause noticeThe Supreme Court is set to decide if tax authorities can issue a single show-cause notice for multiple financial years. This procedural is...
- SC notice to Centre on plea against HC verdict upholding anti-profiteering provision of CGST ActA division bench of the high court, on January 29, upheld the constitutional validity of Section 171 of the CGST Act, 2017 which mandates t...
- 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...
- Changes in GST: Here's what to expect from Jan 1The government must combat bogus invoicing but while doing so it is pertinent to take care of taxpayers and compliance burden of the busine...
- Notices on mismatch between GSTR 2A & GSTR 3B: How to defend such cases?The mechanism for matching of input tax credit as per GST law is designed to be carried out by combined filing of Forms GSTR-1, GSTR-2 and ...
- Is the GST Composition scheme beneficial? Cost-impact analysis shows the risksComposition levy is not a practical proposition. Composition levy almost resembles a direct tax and once you do a cost impact analysis, it ...
- Is Dream11 a gambling & betting site? This GST ruling settles the caseTencent-backed Dream11 offers an online fantasy game, wherein players can create different virtual sports teams, comprising as many players...
- Companies stare at cash flow problems due to new credit utilisation rulesThe government late last year had come out with credit utilisation mechanism that companies have to follow beginning this month.
- Sale of religious books, DVDs to attract GST: AARLarge businesses that form trusts for charitable & religious activities may need to reassess the tax treatment of supplies.
- 18% GST on salary paid for services by a firm to its branch offices in other states, rules AARThe valuation of supply will include all costs, including the employee cost provided by one distinct entity to the other distinct entities.
- Accommodation services by hotels to SEZ employees is inter-state in nature, attract Nil GSTCBIC has also clarified that if event management services, hotel, accommodation services, consumables etc. are received by SEZ unit, the be...
- Finance ministry warns tax officials of action against GST protestThe revenue department on October 10 issued an order asking officials not to go on any protest and cited service rules that bar such action.
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