Tag: GST
GST NEWS
Gujarat HC allows tax credit on services under GST, signalling help to cos
A footwear company has been allowed to claim credit for taxes paid on service inputs under the goods and services tax (GST) regime by...
GST NEWS
AP, TN see max GST decline in 1st quarter
Andhra Pradesh, Kerala and Tamil Nadu have faced GST decline in the first quarter of the current financial year compared to the same period...
GST NEWS
GST: Citing COVID-19 pandemic, Delhi HC allows Samsonite to deposit Profiteered Amount within 6 months
The Delhi High Court had allowed Samsonite to deposit the principal profiteered amount of Rs. 21.2 croresin 6 equal monthly installments. The petitioner had...
GST NEWS
GST Council to discuss AG opinion on compensation: NirmalaSitharaman
The Finance Minister had said that Attorney General’s views on GST compensation were taken after consultation with the states. She had also said that...
GST NEWS
Upcoming changes in GSTN and its impact on the present GST return filing system
Various changes have been proposed in the GST infrastructure and return formats. Some of them are as follows:-
Increase in handling limit from 1.5...
GST NEWS
CBIC notifies GST e-invoicing; threshold limit to issue digital invoice raised to Rs 500 cr
Small companies have been given relief by CBIC who has raised the threshold limit of e-invoicing to Rs.500Crore. The notification says businesses in SEZ...
GST NEWS
GST compensation: Some state FMs object to market borrowing proposal, suggest steps to shore up revenue
Some states have opposed the idea of borrowing bridge the revenue gap while some have suggested raising tax rate under GST. It was also...
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