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The government is intent to take every measure for the fulfillment of GST in every corner and for the betterment, and by this oath, the administration has taken a step to ensure the better progress of profits after the implication of tax regime among the consumers.
The Government has given a serious concern over the GST and its upcoming benefits to the consumers, and it has also been doing some homework with its top officials at GST council. The government is watching through all the aspects of implementing GST and here it also arose again on the verge of completion.
FM Nirmala Sitharaman dismissed the fact that increasing goods and services tax (GST) collections only provides an advantage before the Centre. She elaborated that the indirect tax system increases the revenue of the state by nearly Rs 9 trillion between 2018-19 and 2022-23 compared to the amounts that have been collected via the before subsumed […]
The Competition Commission of India received a welcome relief as GST authorities dropped a demand for ₹7.08 crore in service tax. The ruling clarified that the regulator isn’t required to register for service tax, negating any liability for the tax. The breakdown of the ₹7.08 crore demand includes ₹6.78 crore for service tax, along with […]
The clash between the government and the industry regarding profiteering issues intensifies, as the Delhi High Court (HC) has notified the Competition Commission of India (CCI). The HC has instructed CCI to adhere to the given framework for assessing the extent of profiteering. These notices were issued with a show cause notice issued by CCI […]
On the supply of goods and services in India, GST would be the complete indirect tax that would get charged. The Goods and Services Tax (GST) has been in place for more than five years, but the GST litigation is still in its infancy. It is anticipated that as time quickly passes, more and more […]
In the way of operations of businesses and the compliance of the laws of taxation the Goods and Services Tax (GST) regime in India has brought about important amendments. The enforcement of penalties for violations and non-compliance with the terms of the GST Act and Rules is one such feature that has acquired relevance under […]
The guidelines for the special all-India drive against the bogus GST registrations would have been issued by the Central Board of Indirect Taxes and Customs (CBIC). The department has released all details via Instruction No. 01/2023-GST. What is a Special All-India Drive Against Fake GST Registrations? The Central Board of Indirect Taxes and Customs (CBIC) […]
National antitrust watchdog Competition Commission of India (CCI) from December 1 shall manage complaints with regard to profiteering under goods and services tax (GST) in place of the National Anti-Profiteering Authority (NAA), an official notification. In November 2017 NAA has been set up to verify the illegal profiteering through the enrolled suppliers under the GST […]
