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Sources indicate that the Finance Ministry is poised to reassess the Goods and Services Tax (GST) rates applicable to digital news subscriptions. This decision comes in response to a suggestion from the Information and Broadcasting (I&B) Ministry to slash the GST rate on digital news subscriptions from the existing 18% to 5%. Key Points in […]
The Delhi High Court in a ruling limited the retrospective cancellation of the GST registration because of the absence of justification in the impugned order. In the same matter, the writ petitioner, Star Enterprises had enrolled his business with the GST authorities. The proper officer issued a show cause notice on 21.12.2021, and the writ […]
It has been mentioned by the Tamil Nadu Authority for Advance Ruling (AAR) that health insurance services furnished via United India Insurance Company Limited to the Tamil Nadu State Government (TNSG) are waived from Goods and Services Tax (GST) under S.No.40 of Notification No.12/2017 Central Tax (Rate). It was quoted under the decision that reinsurance […]
The assessment orders have been quashed by the Kerala HC and remanded the case back on the condition of remitting Rs 10 lakhs for the GST obligations. It was remarked by the bench of Justice Gopinath P. that the registration of the applicant was cancelled in December 2021 and the applicant has also discontinued the […]
In a development that could potentially howl within Corporate India. Mahindra & Mahindra (M&M) has received a notice from the Goods and Services Tax (GST) office regarding the use of the ‘Mahindra’ brand name by different group companies. The show cause notice raises the question of why M&M should not be liable for GST on […]
Gujarat has found a staggering Rs 52,394 crore in GST evasion since the start of the Goods and Services Tax (GST) in 2017. In the Parliament the union finance ministry has shown the data, it is from the duration 2017 to June 2024. Issues continued to be faced by the state and central GST departments […]
FM Explains GST Revenue SharingIn response to the Opposition’s call for eliminating GST on health and life insurance, Finance Minister Nirmala Sitharaman stated that about three-fourths of the revenue generated is transferred to the states. She suggested that those who are protesting should direct their concerns to their respective state finance ministers. Before the start […]
GST council furnished the notices before 20 general insurance companies with the functionality in Special Economic Zones (SEZs), asking for Rs 2000 crore in unpaid dues pertinent to the services furnished before the employees of industrial units within these zones and their families. The companies that have received show-cause notices from the Directorate of GST […]
The Gauhati High Court ruled that the State GST Authorities cannot take advantage of Notification No. 56/2023-CE, which is also otherwise ultra vires the CGST Act, 2017. Notification No. 56/2023-CE related to The bench of Justice Devashis Baruah has remarked that the GST Council has not made any suggestion to date, and despite that, the […]
