Search results for: GST Act

The Cess may get increased on the cars by the GST Council to organize the resources for giving the subsidy to the EVs. This scheme is made to promote green energy sources and minimize the use of crude oil.

As the Telecom Industry reels under the pricing war for more than two straight years now, the demand for streamlining GST issues is getting stronger with each passing day.

A recent ruling by the Kerala High Court states detention of vehicles transporting personal effect goods without e-Way Bill as invalid. Under the GST regime, an e-Way bill must be furnished against transport of goods whose value exceeds Rs. 50,000.

According to a senior government official, GST evasion worth Rs 12,000 crore has been recorded in 8 months between April and November.

In response to a plea filed by KTC (India), a travel & tour’s operator, against the Special Audit notice of GST, the Delhi High Court has recently issued a notice asking Centre to declare Rule 5A of the Service Tax Rules, 1994 as unconstitutional and inoperative.

Petrol and diesel will not be included under GST (Goods and Services Tax) until and unless the income under the GST reign strengthens said the former chief economic adviser Arvind Subramanian.

The reserve bank of India got a new governor namely Shaktikanta Das, who was also a former economic affairs secretary and also the member of finance commision currently.

Recently we have heard a lot about local sweet shops turning into restaurants which will further save them GST of up to 13 percent. The news is however very divergent and confusing as there is no solid base to the tax applicability.

Chairman of Pension Fund Regulatory and Development Authority (PFRDA) Hemant Contractor said that many small businesses which are registered under GST (Goods and Services Tax) have attracted the working people which do not have any retirement savings plans to pensions.