It’s a tough balancing act for the Central government. After giving leeway in the initial years, the Centre in November 2020 started a drive to deal with fraud and evasion It’s a tough balancing act for the Central government. On the one hand, it is dealing…

The GST Council, at next week’s meeting, is likely to consider a proposal to bring more clarity on action against entities involved in claiming Input Tax Credit (ITC), which has become a major source of issuance of fake invoices. Since November 2020, the…

The Delhi, CESTAT in M/s Seher v. Commissioner of Service Tax Delhi [Service Tax Appeal No. 52708 of 2016 dated June 13, 2022] held that, service tax is not payable on reimbursement of expenses as the nature of service should make no difference to the taxability…

As per the recent tweet by CNBC-TV18, says the GST Council likely to ease compliance for taxpayers. May wave need to file refund claims by condoning 2-yr COVID period, sources. GST Council Likely To Ease Compliance For Taxpayers May Wave Need To file Refund…

As per the recent tweet by CNBC-TV18, says the Fitment committee recommends further GST rate rationalisations, clarifications, sources. Fitment Committee Recommends Further GST Rate Rationalisations, Clarifications GST Council-Nominated Fitment Committee…

As per the recent tweet by CNBC-TV18 says the Fitment committee defers clarification on tax burden for crypto ecosystem. No clarity on GST applicability on crypto exchanges and activities such as mining, barter, wallets, sources. Fitment committee defers…

The CBIC issued Instruction No. 09/2022-Customs dated June 22, 2022 regarding the restrictions on the import of products made of plastic. Kind attention is invited to letter No. B-17011/7/UPC-II-PWM (MLP)/2021/12900 dated February 01, 2022 received from Ministry…

The GST Council is likely to consider making an e-way bill mandatory for intra-state movement of gold or precious stones worth Rs 2 lakh and above and also e-invoicing mandatory for certain B2B transactions. The council in its meeting on June 28-29 is likely…

The government is increasing the number of portals for registering e-invoices from just one to six as it takes the digital route to plug indirect tax collection leakages in the run-up to a meeting of the Goods and Services Tax Council next week. The portals…

The GST Council, which is scheduled to meet next week, will take up changes in tax rates on only a handful of items where the fitment panel has recommended a revision, as per the agenda document reviewed by Mint. The rates panel rejected demands for good…

The Hon’ble Madras High Court in Tvt. LAF Enterprises v. Commissioner of Commercial Tax [W.P. No. 14374 of 2022 dated June 10, 2022] held that, detention/seizure of the vehicle and goods without issuing proper notice or detention order by the proper officer…

The AAR, Maharashtra in the matter of B P Sangle Constructions Pvt. Ltd. [Advance Ruling No. GST-ARA-44/2020-21/B-41 dated March 31, 2022] held that, escalated value received under a contract for service of construction of road during the Goods and Services…

The GST Council at its meeting next week is likely to be a stormy affair with the opposition-ruled states aggressively pushing for the continuation of compensation for revenue loss, while the Centre will defend such a move citing a tight revenue position.…

To encourage online retail, the GST Council is likely to exempt small entities making supplies through e-commerce from mandatory registration requirement and allow them to opt for composition scheme. This will bring them on a par with offline players by providing…