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NEWS
Performance of high frequency indicators moderated in September: ICRA
Fri, Oct 22, 2021     Source : Business Standard
The YoY performance of 14 of the 15 high frequency indicators (except non-food bank credit) worsened in September compared to August this year, ICRA said.
NEWS
Govt may ease GST norms on re-export of leased aircraft
Tue, Oct 19, 2021     Source : Mint
The government is considering easing goods and services tax (GST) rules for re-export of leased planes, in what would offer a major boost to airline financials hit hard by the covid-induced turbulence.
NEWS
Revision of GST assessment order beyond RP’s jurisdiction, not sustainable in law: NCLAT
Sat, Oct 16, 2021     Source : Business Standard
A recent order by Chennai bench of NCLAT made it clear that revision of GST assessment order is beyond RP jurisdiction and not sustainable under law
NEWS
Centre releases ?40,000 cr to States/UTs to meet GST compensation shortfall
Fri, Oct 08, 2021     Source : Business Line
The Finance Ministry on Thursday released ?40,000 crore to States and Union Territories (with a Legislature) under the back-to-back loan facility to meet the shortfall in GST compensation.
NEWS
Refund interest paid on ineligible input tax credit, says industry
Wed, Oct 06, 2021     Source : Business Standard
The levy of interest on availed but unutilised input tax credit is a subject of significant disputes in GST since its implementation
NEWS
Field officers are recovering GST without notice: Industry experts
Thu, Sep 30, 2021     Source : Business Standard
In the recent instruction, the GST investigation wing asked the field formation to issue showcause notices well before the last date, so that the probe can be completed
NEWS
Ministerial panels to review GST exempt list, identify evasion sources
Tue, Sep 28, 2021     Source : Business Standard
The Finance Ministry has set up two committees of state finance ministers who would review current tax slabs and GST exempt items, identify potential evasion sources and suggest changes in IT systems.
NEWS
Inter-co managerial/leadership services to attract 18% GST
Mon, Sep 27, 2021     Source : Economic Times
Managerial and leadership services by corporate office to its group companies/construction sites registered in different states would attract 18 per cent GST
NEWS
Large companies, banks may have to split top management salaries
Thu, Sep 23, 2021     Source : Economic Times
The Maharashtra bench of the Authority for Advance Ruling (AAR) has said companies must “value” the service provided by the top management and charge it to their branch offices (with a separate GST registr...
NEWS
E-way GST bill generation picks up pace ahead of festive season
Tue, Sep 21, 2021     Source : Financial Express
Going by the recent weekly trends, the daily average is expected to rise further for September when data for the full month is captured. Between September 1 and 19, as many as 4.04 crore e-way bills were g...
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