Raksha Parikh
it is so crucial to impose 5% GST on natural gas to reduce fertilizer subsidies. Bringing natural gas under GST could put an end to the current differential taxation regime, as well as differing urea costs and subsidy payments across states. It will eliminate the tax-on-tax cascading effect. Finance Minister Nirmala Sitharaman has stated that … Read more
The goal of this article is to cover all recent GST case laws 2023. All latest high court judgement on gst and all latest supreme court judgments on gst issued in January 2023 have been covered in this article. All latest GST case laws of January 2023 in this article have been classified by name, … Read more
At the moment, GST on online gaming 18%. Since the Goods and Services Tax Council hasn’t set a date for its next meeting yet, the online gaming industry will have to wait longer to find out how the indirect tax will be applied to it. Officials from the Ministry of Finance have said that for … Read more
Merchandise exporters will have to pay an 18% GST on Shipping cost (means 18% gst on goods transportation services), which the industry says will cause cash flow problems at a time when exports are declining. This is in response to a GST Council recommendation that the location of the service recipient should be used to … Read more
As soon as the Center approves the final payment of GST compensation to the states, the new tax system will have abandoned its early support. The adjustment may be challenging for some states. Nonetheless, monthly GST receipts across the country have stabilised at around Rs 1.5 lakh crore, with room for growth through rate rationalisation … Read more
Co-working owners demanding for Easier GST Registration to Centre Tax experts and people who run co-working spaces have asked the Centre to make it easier for businesses that work from shared spaces to sign up for GST. The request comes after GST officers asked for a lot of paperwork, like registered leases and permission from … Read more
Till today several GST frauds disclosed. The trend of India’s monthly goods and services tax revenue reaching Rs 1.5 lakh crore and becoming the “new normal” has been applauded by the North Block. The Central Board of Indirect Taxes and Customs’ Vivek Johri professed confidence in breaking beyond this barrier in the upcoming fiscal year, … Read more
Government has issued GST Advisory for GST Portal to accept the Negative Value of ITC in Table 4A of GSTR-3B from January-2023 onwards. All the impact of credit notes as well as amendments will be considered in Table 4A from now onwards instead of Table 4B of GSTR-3B Introduction of Negative Values in Table 4 … Read more
The goal of this article is to cover all recent GST case laws 2022. All latest latest high court judgement on gst and all latest supreme court judgments on gst issued in December 2022 have been covered in this article. All latest GST case laws of December 2022 in this article have been classified by … Read more
This article covers all recommendations of 49th GST Council Meeting held on 18th February, 2023 at New Delhi. The GST Council has met 49 times since its constitution, and many important decisions were taken in this 49th GST Council meeting. Last GST council meeting held in new Delhi on 17th December,2022. This 49th GST Council … Read more