In a notification dated September 17, the Ministry of Finance notified that appeals against orders communicated before April 1, 2026, can be filed up to June 30, 2026. | Photo Credit: Getty Image/iStockPhoto In a further step towards making the crucial Goods and Services Tax Appellate Tribunal (GSTAT) functional, the government has notified the timelines […]
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Finance Minister Nirmala Sitharaman chairs a meeting of Group of Ministers (GoMs) constituted by the GST Council on Compensation Cess, Health and Life Insurance, and Rate Rationalisation at Vigyan Bhawan, in New Delhi. File. Photo: X/@FinMinIndia via PTI The story so far: The Group of Ministers (GoM) appointed by the Goods and Services Tax (GST) […]
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Karnataka Revenue Minister Krishna Byre Gowda. File photo: Special Arrangement Reforms in the Goods and Services Tax (GST) regime with rate rate rationalisation is a welcome move, but State governments are concerned with the impact of the same on the revenues accruing to them, according to Karnataka Revenue Minister Krishna Byre Gowda. Speaking to The […]
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Karnataka Revenue Minister Krishna Byre Gowda. File photo: Special Arrangement Reforms in the Goods and Services Tax (GST) regime with rate rate rationalisation is a welcome move, but State governments are concerned with the impact of the same on the revenues accruing to them, according to Karnataka Revenue Minister Krishna Byre Gowda. Speaking to The […]
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In a major relief for Infosys, the Director General of GST Intelligence has closed pre-show cause notice proceedings against the company for financial years 2018-19 to 2021-22 involving a staggering ₹32,403 crore in GST dues. The latest move effectively ends nearly a year-long GST saga for India’s second-largest IT services firm. Mid-last year, the goods […]
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The GST Investigation wing of the Central Board of Indirect Taxes and Customs deals with policy issues relating to enforcement actions such as search, seizure, prosecution and arrest. Photo: Twitter/@cbic_india With Parliament clearing the decks for the establishment of Goods and Services Tax Appellate Tribunal to resolve rising disputes under the nearly six-year-old indirect tax […]
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Union Finance Minister Nirmala Sitharaman delivers the keynote address at the ASSOCHAM interactive session on the theme ‘India’s role in the Emerging World Order’, in New Delhi on February 15, 2023. | Photo Credit: ANI The government was keeping a “keen eye” on merchandise import trends to assess if there “was flooding” of any particular […]
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Union Finance Minister Nirmala Sitharaman addresses during a post-budget interactive session on Union Budget 2023-24 organised by PHD Chamber of Commerce and Industry (PHDCCI), in New Delhi, Wednesday, Feb. 15, 2023. PHDCCI President Saket Dalmia is also seen. | Photo Credit: PTI Finance minister Nirmala Sitharaman on Wednesday said that the effort of the government […]
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Union Finance Minister Nirmala Sitharaman will chair the meeting. File. | Photo Credit: PTI The 48th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman, will be held on December 17. “The 48th Meeting of the GST Council will be held on 17th December, 2022 by video conference,” the GST Council said […]
Continue ReadingFile photo used for representational purpose only. | Photo Credit: Getty Images/iStockphoto “All Goods & Services Tax (GST) anti-profiteering complaints would be dealt with by the Competition Commission of India (CCI) from December 1 as the extended tenure of National Anti-profiteering Authority (NAA) ends this month,” an official said on November 15. “A notification in […]
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