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Courier companies are seeking relief from Goods and Services Tax Rule 138E that barricades them from generating the e-way bill. Under the end-to-end logistics model, the courier companies like DHL, FedEx and UPS face extreme pressure due to the Rule 138E as these companies receive the goods passed from customs for those who place the […]
Government is pressing pedals for making ever-stringent laws against fraudulent claims, making bogus claims for input tax credit a non-bailable offence at the end of recipients of goods and services is one such step which is going to be introduced in the February 1 budget, that would occlude revenue leakages. Proposals have been made to […]
The mobile handset manufacturing industry seeks alteration in the GST rates applicable to the Internal Parts and Accessories of mobile phones. A lower GST percentage i.e. 12% is sought by the manufacturing arena on mobile parts and accessories making it go hand in hand with the GST rates on the finished product. According to the […]
Circulars released on 30 December 2019 show increase in the GST rates on woven and non-woven bags plus the sacks of polyethene. The changes were recommended in the 38th GST council meeting related to the items falling under HSN 3923/6305. As a result of recommendations by the council, the Central Government made the amendments and […]
The Government of India (GOI) has received a proposal to include the healthcare services under GST Check out the brief details of GST impact on the healthcare industry in India. The researchers have commented on the impact of GST regime and declare zero-rating GST for them, by the Healthcare Federation of India. Besides, the NATHHEALTH […]
Recently there is an issuance of a strict rule which states that if the taxpayers do not file the goods and services tax returns, there will be an attachment of bank account and there may be registration cancellation too. This has been decided to be Standard Operating Procedure (SOP) as recognized by the Finance Ministry […]
On Monday, 23rd December 2019, Sushil Kumar Modi Bihar Deputy Chief Minister and the convenor of Group of Ministers (GoM) on integrated GST stated that- ” The Goods and Services Tax (GST) Council is examining the validity of 66.79 lakh new registrations.” In a conversation with reporters after the meeting of the Group of Ministers, […]
The GST department has scheduled the webinar based on the topics, Appeal – Model 2 states Taxpayers on 2nd January 2020 at 2.30 pm IST. Further, the webinar will cover certain points such as Type of cases for which Appeals can be filed, Demand order is raised against the taxpayer, Revocation order is rejected by […]
As per a recent survey report, brands are acting sluggish in providing the benefits of GST rate reduction to the consumers. The report also stated that consumers also want to want anti-profiteering investigation should not be limited to just the product that has been complained about. This consumer survey is conducted by local circles about […]
