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Gross GST collection in June 2022 is the second-highest collection next to the April 2022 collection GST collection crosses ₹1.40 lakh crore mark 5th time since the inception of GST; 4th month at a stretch since March 2022 The total GST revenue collected in the month of June 2022 would be Rs 1,44,616 cr of […]
Various tax rate amendments, along with the low-cost hotel accommodation, expensive hospital room rent, solar water heaters, coal bed methane, cheques, and select farm equipment, would get forced from 18th July and the online retailers would be exempted on the need of registration on par with brick-and-mortar traders with effect from 1 January, specified by […]
A 47th GST official ruled in Chandigarh has chosen to allow the composition assessee to make intra-State supply via e-commerce operators as per the precise conditions. The information about the scheme would be worked through the law committee of the official. The scheme will get executed with effect from the date 1/01/2023 as per the […]
The 47th GST official has suggested waiving the late fee for the delay in filing form GSTR-4 for FY 2021-22 and extending the last date to file the form GST CMP-08 for the first quarter of FY 2022-23. According to a press release provided post to the press meeting the GST official has decided to […]
The GST official has decided to rectify various tax rates and withdraw the tax exemptions, excluding building a series of amendments to the enrollment and GST refund process to increase the collections of revenue. On the second and the final day of the 47th GST meeting, the officials would see into the demand from the […]
A GST expert CA Sunil P Jain mentioned that the traders and the tax consultants are suffering from the issues in CGST departmental audit as towards the GST law various discrepancies are there, and in other cases, it is found even in the departments. Various meanings are assumed, and the business found it difficult to […]
A division bench of the Gujarat High Court including Justice A.J. Desai and Justice Bhargav D. Karia has allowed IGST refund along with interest in the light of the recent Supreme Court decision in Mohit Minerals v. Union of India. The applicant, M/s Adi Enterprises has challenged the vires of Entry No.10 of Notification No.10/2017-IGST […]
To lessen the tax for the tour and the hospitality sector, the GST council’s fitment committee recommended imposing the tax on the margins incurred by the tour operators at an appropriate rate. A 5% GST would be imposed on the total tour cost without any utility of the ITC. The panel recommended a regularisation of […]
The seven cr strong traders body asks that the GST official must ask the traders prior to revamping GST rates. The suggestions incurred via the Group of Ministers (GoM) which the GST official formed must not be provided with a go-ahead in the coming meeting without any consultation with the traders, as asked by the […]
