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Central Board of Indirect Taxes and Customs (CBIC) chairman Sanjay Kumar Agarwal said that India’s indirect tax structure will drive towards minimum tax slabs and the Centre will overhaul the present classification under both goods and services tax (GST) and customs. It is possible and prudent to have three tax rate slabs in the GST. […]
The Madras High Court in a ruling set aside the GST order that had been sent to the wrong address and instructed the council to treat the same as an addendum to the original SCN, which was sent to the correct address. The taxpayer Karupanna Gounder Natarajan Suresh Kumar, filed a petition contesting the impugned […]
In drawing down the cost of logistics in the country the GST has played an effective role. The ‘One Nation, One Tax‘ regime has assured that trucks did not need to wait for hours on the state borders which has drawn down the travel time by up to 30%. It has diminished the cost of […]
The Central Board of Indirect Taxes and Customs (CBIC) recently made it public through social media about the implementation of a new GST registration rule. This rule necessitates biometric authentication through Aadhaar and in-person verification for certain taxpayers identified based on data analytics and risk parameters. The objective behind this change is to enhance security […]
The order cancelling the GST registration of the applicant has been quashed by the Delhi High Court and allowed the applicant to answer to the Show Cause Notice, as the mere allegation against the applicant is that it was discovered to be non-existent. The bench of Justice Vibhu Bakhru and Justice Sachin Datta has granted […]
In a bid to boost the domestic MRO industry and make India an aviation hub, the government has announced the implementation of a uniform 5% tax (IGST) on all aircraft and aircraft parts. While addressing a press conference, Civil Aviation Minister Kinijrapu Rammohan Naidu said that all aircraft and aircraft engine parts will be covered […]
The Central Board of Indirect Taxes and Customs ( CBIC ) has now Notification No. 02/2024 – Central Tax (Rate) dated July 12, 2024, in line with the Goods and Services Tax Council ( GST Council ) proposals to waive agricultural produce exceeding 25 Kilograms or 25 Litres from GST. Earlier, GST applied to food […]
Uber and co want to clarify with the govt if they are liable for GST or not The app-based taxi service provider i.e. Uber has approached the finance ministry and GST council along with the Authority for Advance Rulings (AAR) to specify whether their businesses are obligated to tax. After the Karnataka AAR said that […]
Various foreign airlines, along with Lufthansa, Emirates and British Airways, have refused to furnish the information asked via the Indian Goods and Services Tax (GST) authorities related to ongoing investigations, as per the sources. The director general (DGGI) of GST had asked for information related to a probe into the valuation of services given via […]
