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This portal provides effective GST (Goods and Services Tax) news about what is going in the financial world such as filing, taxes, evasion of taxes, etc. The financial news will bring you the knowledge and are helpful for the CAs.
The Blogs on this portal will also tell you about the trending GST news and financial updates whether it might be from any government or non-government portal. You can also stream into the GST articles relevant to the GST REG, the updated scheme for the people of India, and awareness about how to manage or provide consultancy to the people of India in managing their businesses.
The blog will regularly provide press releases of the GST council meetings held by the finance minister of India. Moreover, people can also seek information about the petitions imposed by the applicant and the progress or the result of the cases.
An unexpected issue emerged, in which it was stressed that technicalities made via the Department and not the assessee must not be put forth by the department to defeat the legal rights and entitlements of the assessees. It was carried out by the Bombay High Court that the related Revenue officials (respondent) could not refuse […]
Tax notices have been issued by the central government for Rs 10,000 crore to the automobile manufacturers for ‘failing to pay the compensation cess’ under the Goods and Services Tax (GST) on utility vehicles. The taxes relate to utility vehicles sold before 2022 and consist of popular models like Mahindra’s Thar and Scorpio, Tata Motors’ […]
The Group of Ministers (GoM) has the task of easing the structure of the Goods and Services Tax (GST) and for that, the meeting will be conducted on October 20 to deliberate on rate rationalization proposals pertinent to the foods, footwear, and textile items. The reviewed items are in the 12% tax bracket. Bihar Deputy […]
A new ‘GSTN e-Services’ app, has been introduced by the Goods and Services Tax Network (GSTN) and is on the Play Store, which has the purpose of facilitating tax compliance for traders, businesspersons, and merchants. The same app permits the users to track the history of transactions linked to their GST Identification Number (GSTIN). Through […]
The state tax department is preparing to levy the Goods and services tax (GST) on revenue generated through the transport department via the online auction of fancy (VIP) vehicle registration numbers. Also, the department is planning to impose GST on revenue made by the transport department via the license fee assessed through it from driving […]
It was carried by the Kerala High Court that the initiation of an inquiry or the summons issuance u/s 70 of the CGST Act could not be regarded to be the initiation of proceedings for the objective of section 6(2)(b) of the CGST Act. The Bench of Justice Gopinath P. noted that the term ‘initiation […]
The Central Board of Indirect Taxes & Customs (CBIC), quoting the GST council’s suggestions, has ‘regularised’ past show cause notices for tax demand issued to foreign airlines. It furnished a circular for the GST applicability of Preferential Location Charges (PLC) for residential or commercial properties. The board on the concepts of ‘as is’ and ‘as […]
The Karnataka High Court in a ruling quashes the blocking of Input tax credit (ITC) via the tax authorities by not furnishing a proper hearing or establishing effective reasons. The applicants’ Input Tax Credit (ITC) was blocked through the impugned order at Annexure – A on 09.07.2024, via invoking Rule 86A of the Central Goods […]
A State Bank of India (SBI)-led committee to motivate the co-lending between commercial banks and non-banking financial companies (NBFCs) has suggested removing the 18% GST. As per the source, the SBI-led co-lending committee has furnished the report before the finance ministry where it suggested that no GST is to be levied on the co-lending related […]