GST Ready India

GST Ready India’s Latest News and Updates

A simple approach in learning about GST Payments

Mar 22, 2018

Telcos get notices on inflated input credit claims under GST

Telecom operators including Bharti AirtelBSE -0.80 %, Vodafone India, Idea Cellular and Reliance Jio Infocomm have been served notices for exaggerated credit claims under the Goods and Services Tax, said two people familiar with the development.

The indirect tax department has issued notices to all the major telecom companies, including tower companies, for claiming additional transitional credit for capital expenditure incurred under GST. Click to read more

Airtel, Vodafone, Idea and Reliance Jio served notices over GST

Telecom operators including Bharti Airtel, Vodafone India, Idea Cellular and Reliance Jio Infocomm have been served notices for exaggerated credit claims under the Goods and Services Tax, said two people familiar with the development.

The indirect tax department has issued notices to all the major telecom companies, including tower companies, for claiming additional transitional credit for capital expenditure incurred under GST. Click to read more

GST officer arrested for taking Rs 30,000 bribe

The state anti-corruption bureau (ACB) on Wednesday arrested a class-I officer of the goods and services tax (GST) department for allegedly demanding and accepting Rs 30,000 bribe from a government contractor for not taking action against the latter in a case of payment of a lesser value added tax for works executed in 2013.

A team headed by superintendent of police (ACB, Pune) Sandeep Diwan and assistant commissioner Jagdish Satav nabbed assistant commissioner (GST) Prasad Purushottam Patil red-handed while accepting the bribe on the premises of the GST office canteen. Click to read more

Punjab waives its share of GST on langar at key shrines

Chief minister Amarinder Singh on Wednesday announced waiver of the state government’s 50% share in the Goods and Services Tax (GST) on community kitchen (langar) at Golden Temple, Durgiana Temple, Bhagwan Valmiki Tirath and key shrines of the other communities.

The Punjab assembly also unanimously passed a resolution seeking complete waiver from the Centre as it was the BJP that had majority representation in the GST council. Click to read more

Rs 137-cr check post ‘useless’ post GST

Touted as the first modern integrated check post in Tamil Nadu, the facility on NH5 near Gummidipoondi is all set for inauguration soon. The Rs 137-crore facility will house various departments for executing an integrated checking of vehicles entering the state from Andhra Pradesh. But, the check post is unlikely to yield significant revenue as the major revenue generator – commercial taxes department – has pulled out of the check post after the implementation of the GST. Click to read more

Refund relief

An editorial in this newspaper on February 22 aptly captured the issues plaguing small units that have applied for a refund of GST and concluded with a plea to the Centre to address the concerns of small units quickly. The Centre appears to have listened and has issued Circular No. 37/11/2018-GST dated March 15 apart from other initiatives. Click to read more

Punjab Assy passed resolution thanking CM for waiving off GSt on langar

The Punjab Assembly on Thursday unanimously passed a resolution thanking Chief Minister Capt Amarinder Singh for waiving off the state’s share in GST on langar (community kitchen) at Sri Darbar Sahib.

The resolution was moved by Parliamentary Affairs Minister Brahm Mohindra after Dera Baba Nanak MLA Sukhjinder Singh Randhawa suggested the same.

Speaking in the House, Mr Randhawa, thanking Capt Singh for respecting the religious sentiments of Punjabis all over the world, condemned Union Finance Minister Arun Jaitley for trivialising this solemn and very serious issue. Click to read more

A simple approach in learning about GST Payments

Amount may be deposited in Electronic Cash Ledger by making E-Payment (Internet Banking, Credit Card – pre registration with the portal, Debit Card, RTGS / NEFT) at any authorized branches of Banks to accept GST payments. Over the Counter payment (OTC) through authorized banks for deposits upto Rs. 10,000/- per Challan per tax period, by cash, cheque or demand draft can also be made. Click to read more

Unanimous resolution passed in assembly thanking Punjab CM for Langar GST Waiver

The Punjab Vidhan Sabha on Thursday unanimously passed a resolution thanking Chief Minister Captain Amarinder Singh for waiving off the state’s share in GST on Langar at Sri Darbar Sahib.

The resolution was moved by Parliamentary Affairs Minister Brahm Mohindra after MLA Dera Baba Nanak Sukhjinder Singh Randhawa suggested the same.

Speaking in the House, Randhawa, while thanking Captain Amarinder Singh for respecting the religious sentiments of Punjabis all over the world, condemned Union Finance Minister Arun Jaitley for trivialising this solemn and very serious issue. Click to read more

Proprietors, LLPs, HUFs under CBEC scanner for claiming transitional credit

Proprietary businesses, LLPs and HUFs, which took registration under GST between October 2016 and June 2017, have come under the scanner of CBEC for claiming input tax credit.

The Central Board of Excise and Customs (CBEC), according to sources, has shared the list of such entities, along with the returns filed and transitional credit claimed, with the field officers. Click to read more

Without water management, India’s 8% GDP growth is a distant dream: World Bank

India can comfortably achieve 7.5% GST growth in next couple of years, the World Bank has predicted, but with a caution that unless “water-scarce” India starts managing its water, it cannot achieve the next level of economic growth, that is 8%. India’s economic growth in the last three decades has been steady, steady, stable, diversified and resilient, but the real challenge for India to go up the growth ladder is managing the water, without it, 8% plus growth will be difficult to achieve, Junaid Ahmad World Bank India director said recently. Click to read more

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