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Tag: GST

Business News

GST audit guidelines need to be reviewed to include video conferencing: Experts

May 3, 20202 min read Lois C. Ferrara

GST officers would have to audit and assess taxpayers via video-conferencing instead of undertaking physical visits amid the coronavirus pandemic, and the current guidelines need

audit, conferencing, Experts, GST, guidelines, include, reviewed, video
Business News

Govt mulls GST relief package to soothe Covid pain

April 27, 20203 min read Lois C. Ferrara

New Delhi: India is considering a goods and services tax (GST) relief package to counter the impact of Covid-19 and help prop up the economy,

covid, Govt, GST, mulls, package, pain, relief, soothe
Business News

GST applicable on sublet accommodation, rules Karnataka AAR

April 25, 20202 min read Lois C. Ferrara

The Authority on Advance Rulings (AAR), Karnataka has ruled that GST is applicable on residential accommodation sublet by a tenant, a ruling that experts said

AAR, accommodation, applicable, GST, Karnataka, rules, sublet
Business News

Government unlikely to exempt GST on masks, ventilators, PPEs as it would lead to blocking of ITC

April 19, 20202 min read Lois C. Ferrara

NEW DELHI: The government is unlikely to exempt GST on medical items like ventilators, PPEs, masks, test kits and sanitisers, as it would lead to

blocking, exempt, Government, GST, ITC, lead, masks, PPEs, ventilators
Business News

Banks’ business correspondents seek relaxation in GST & TDS

April 12, 20203 min read Lois C. Ferrara

Mumbai: Banks’ outreach agents, called as business correspondents or bank mitras, have sought for an immediate rebate on all their tax-related obligations such as GST

banks, business, correspondents, GST, relaxation, seek, TDS
Business News

Centre releases Rs 14,103 cr GST compensation to states; more to be released soon

April 12, 20202 min read Lois C. Ferrara

NEW DELHI: In a bid to provide further relief to states amid the coronavirus outbreak, the finance ministry has released about Rs 34,000 crore in

centre, compensation, GST, released, releases, states
Business News

GST officers process 10,077 new registrations, 7,876 refund applications in 10 days of lockdown

April 5, 20202 min read Lois C. Ferrara

GST Network on Sunday said tax officers have processed over 10,000 new registrations and about 8,000 refund applications in the first 10 days of lockdown

applications, days, GST, lockdown, officers, process, refund, registrations
Business News

e-way bill: GST ease amid Covid 19: E-way bill validity extended, 10% ITC deferred

April 4, 20202 min read Lois C. Ferrara

The government extended the validity of e-way bills till April 30, that were set to expire between March 20 and April 15, giving a big

Bill, covid, deferred, ease, eway, extended, GST, ITC, validity
Business News

Separate GST registrations confuse interim resolution professionals

March 27, 20202 min read Lois C. Ferrara

New Delhi: Interim resolution professionals managing various companies under the insolvency process have flagged several issues in a recent notification requiring separate GST registration for

confuse, GST, interim, professionals, registrations, Resolution, Separate
Business News

GST filing deferment no relief for handset industry after recent rate hike

March 25, 20202 min read Lois C. Ferrara

NEW DELHI: The deferred filing of Goods and Services Tax returns won’t provide much of a breather for mobile phone manufacturers, which face a 6

deferment, filing, GST, handset, hike, industry, rate, relief

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