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Infosys is now geared up to release a new GSTR filing form in order to simplify the IT return form for the business units as ordered by the GSTN Group of Ministers (GoM).

In a latest bid to secure a lower tax rate on cement, the UP cement traders are now protesting against the higher GST slab rate i.e. 28 percent on cement against the earlier 18 percent sales tax.

All started when the MP High Court has supported the move to impose a fine of Rs. 1,32,13,683 on Gati Kintetsu Express Pvt Ltd as it failed to comply as per the requirement of the e-Way bill.

GST collection is been positive for a long time and now is the time, that the government should think upon the correct and optimum usage of the GST tax collections.

In response a petition filed by builders and developers, the Bombay High Court has decided that goods and services tax (GST) would be leviable on the one-time premium of a long-term lease of 30 years or more, as it is treated as a ‘supply’ under the GST law.

In a dramatic yet appealing suggestion made by the Institute of Chartered Accountants of India (ICAI) to the finance minister, the total came out to be 121 suggestions.

The Authority for Advance Rulings (AAR) has recently notified that GST cannot be levied on payments sent by a foreign company to its liaison offices in the country for reimbursement of various expenses.

When GST was introduced last year, many skeptics seemed surprised by its complex framework. However, a year later, the GST has undergone a cosmetic makeover of some sort.

This is a good news for all the ICAI final year students as now they can get ICAI GST training and get a job before completing the CA degree.