GST Ready India

GST Ready India’s Latest News and Updates

  • 19 Oct

    Dual jurisdiction under GST opens door for traders' harassment: CAIT Traders' body CAIT Friday warned that allowing central as well as state tax administrations to initiate action against any taxpayer irrespective of jurisdiction would lead to harassment of traders and complicate the tax system. Seeking Finance Minister Arun Jaitley's intervention in the matter, the CAIT

  • 17 Oct

    Composition scheme biz need not file purchase details while filing GST quarterly returns Businesses opting for composition scheme under GST need not file details of purchases made from their vendors at the time of filing quarterly return GSTR-4, the Finance Ministry said Wednesday. In a clarification, the ministry said there have been doubts regarding the

  • 16 Oct

    GST & Pre-EMI Setback For Under Construction Projects A ministerial panel on levying calamity cess on Monday said the NDRF fund was not sufficient to meet relief work expenses in the wake of natural calamities and decided to seek states' views on whether a state-specific or a nationwide 'disaster tax' should be levied under the

  • 15 Oct

    Franchise owners will have to pay GST on free IPL tickets: AAR Free or complementary tickets given by franchise owners for IPL matches will attract Goods and Services Tax (GST), the Authority for Advance Ruling (AAR) said. In response to an application filed by K P H Dream Cricket Pvt Ltd, which owns and operates

  • 12 Oct

    Some GST-laden private banks up charges on remittances Private banks that are being charged goods and services tax on transactions undertaken by their business correspondents are starting to increase their charges on remittances, two people aware of the development said. At least two large private sector lenders in the domestic money remittance business have increased

  • 11 Oct

    GST model 'most complex' in the world, needs massive fixing: Punjab FM Manpreet Singh Badal The current Goods and Services Tax model implemented by the NDA government was the 'most complex' in the world and has to be further simplified, Punjab Finance Minister Manpreet Singh Badal has said. Manpreet said though he was not against

  • 10 Oct

    No centre-state wall: Officials handling GST can assess all The government has clarified that both the state and central authorities handling the goods and services tax have enforcement powers over all assessees in a state, triggering fears that the industry may get caught in a crossfire between the two. The central tax and state tax

  • 09 Oct

    Jurisdiction of taxpayer should not hamper GST enforcement action: CBIC The CBIC has asked tax officials of the Centre as well as state governments to initiate enforcement actions against GST evaders irrespective of jurisdiction with a view to checking revenue leakage. The Central Board of Indirect Taxes and Customs (CBIC), in a communication to the

  • 08 Oct

    GST policy on e-commerce may make life difficult for cab startups: Experts A Bengaluru-based startup has filed an appeal questioning a July 27 ruling by GST authorities in Karnataka which said app-based cab aggregators must pay GST on trip fares collected by private cab drivers/owners tied to their e-commerce platforms. Opta Cabs, a startup that

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