Tata Group filed a writ petition in the Bombay High Court challenging a Rs 1,500 crore GST claim.

Tata Group petitioned Bombay High Court

According to a report published by The Economic Times, the Tata group has file write petition in the Bombay High Court to contest a goods and services tax (GST) claim with a value of Rs 1,500 crore that is related to the 2017 settlement of a dispute it had with the Japanese telecommunications company NTT … Read more

GST Department issued 50000 show cause notices after conducting GST audit

Show cause notices by GST department

After the results of an audit that started earlier this fiscal year came in, the Goods and Services Tax (GST) department started the first full audit since the GST regime was put in place. As a result of the audit findings, the GST department issued approximately 50000 show cause notices to various companies and partnership … Read more

GST on SUV Cars|What is GST council’s definition of USV?

GST on SUV car

GST on SUV cars has now become the most complicated topic in the automobile industry. On Saturday, the Goods and Services Tax Council provided clarification on the definition of SUVs (sports utility vehicles) for the purpose of levying a 22% compensation cess and agreed to come up with guidelines to define MUVs (multi utility vehicles). … Read more

Kirit Parekh panel proposes to reduce excise duty on CNG till gas is covered under GST

gst on natural gas

According to the Kirit Parikh committee, the central government should reduce the excise duty on CNG till gas is covered under GST. The Parikh Committee was established to work for a “market-oriented, transparent, and reliable pricing regime” and a fair price of gas to the final customer. central excise duty, state VAT, and central sales … Read more

On 17th December meet, GST Council is likely to discuss decriminalizing the GST law.

Decriminalizing GST law

In next GST Council meet on 17th December, 2022 there is likely to have discussion about the decriminalizing the GST law. Why the GST Act’s decriminalization may be a significant reprieve for India’s small businesses? To understand this, in this article some focus has been made in provisions of penal and criminal proceedings erstwhile law … Read more

GST Updates Summary November-2022

gst updates summary-November-2022

This articles covers the latest gst updates summary November-2022. It contains all the Notifications and Circulars issued in November-2022 which covers all GST Updates November-2022. All these amendments have been presented hear topic wise and reference of relevant latest gst notifications and latest gst circulars have been given at bottom of each topic. As well … Read more