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The Gujarat High Court overruled the Adjudicating Authority’s ruling and allowed an assessee to pay their tax debt in instalments, therefore releasing the provisional attachment of the taxpayer’s bank account. The aforesaid order which Justice NV Anjaria and Devan M Desai delivered would come in response to the special civil application in which the applicant […]
In a significant move to improve India’s space tech ecosystem, private launch service companies have been exempted from Goods and Services Tax (GST) when they dispatch satellites into space using their particular rockets or launching vehicles. After the 50th GST Council meeting held in New Delhi, Union Finance Minister Nirmala Sitharaman also said that the […]
The 50th GST Council meeting chaired by Union Finance and Corporate Affairs Minister Smt. Nirmala Sitharaman suggested measures to streamline compliance with GST. The Council has recommended inserting rule 138F in the CGST Rules, 2017, as well as in the SGST Rules, 2017, of the States that want to mandate the generation of e-way bills […]
The union government’s step to draw the GSTN beneath the purview of the Prevention of Money Laundering Act has the objective to empower the related investigating agencies concerning tax fraud along with money laundering cases and not providing outright access to the information to any party revenue secretary Sanjay Malhotra said. The new finance ministry […]
The Tuesday announcement on GST exemption on medicines for rare diseases does not seem to give much relief to those who need the treatment, according to health activists. They say these medicines are unreasonably expensive, and only a few can afford to import them. Finance Minister Nirmala Sitharaman on Tuesday declared a GST Council resolution […]
The GST Council convened at Vigyan Bhawan in New Delhi on 11th July 2023 under the chairmanship of Nirmala Sithraman, which included Sanjay Malhotra, Revenue Secretary, and Vivek Johri, chairman of the CBIC. As per the 50th GST Council meeting press release, a notification will be released to give clarification on various issues concerning GST […]
In a recent ruling, the Gujarat High Court said that the rejection instruction of Goods and Service Tax registration without giving the reason is inaccurate. Mr Pranav Trivedi and Mr Uchit Sheth were the counsel for the respondent and the petitioner respectively. The petitioner, Om Trading, operates the business of trading in base oil. He […]
The GST Council has given relief to patients by exempting cancer medicine Dinutuximab and special food for treating rare diseases from GST. Dinutuximab, branded as Qarziba, is used to treat nerve cell cancer called neuroblastoma in patients over 1 year old. The medicine costs Rs. 36 lakhs and is imported by individuals for personal use. […]
Buying a bigger utility vehicle that consists of an SUV and MPV (multi-purpose vehicle) shall cost higher. The UVs especially those that are more than 4 meters would seem to witness a rise in the prices by 2% with the 50th GST council surging the cess from the present 20% to 22% which is a […]
