News
Make UOI a Respondent in GST related petitions, instructs CBIC
CBIC issues instruction regarding residual action by CGST Commissionerates in respect of adverse HC orders wherein the taxpayer is assigned.....
CBIC notifies extension in time-limit for filing GSTR-9/9C to Dec 31
CBIC notifies extension in time limit for furnishing of the annual return specified for the FY 2018-2019 till December 31,.....
GSTN enables filing NIL Form CMP-08 statement through SMS on GST-Portal by 'Composition-Dealer'
GSTN issues advisory in respect of filing of NIL Form CMP-08 statement through SMS on GST portal; States that a.....
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CBIC further extends GST Annual Return/Audit deadlines till Dec. 31
CBIC further extends GST Annual Return/Audit deadlines till Dec. 31:PIB.....
16 States get Rs. 6K Cr. on account of GST-compensation under Central Govt.'s 'Special Borrowing Window'
FinMin apprises that pursuant to Government of India’s ‘Special Borrowing Window’ to address the shortfall in the GST collection during.....
Global IDT Chronicles: VAT Treatment of Employee Recoveries : An Insight into Global Scenario - Part II
In Part-I of the article, Sindhu Mangat (Advocate, Swamy Associates) discussed the significance of European Court of Justice (ECJ) judgment in AstraZeneca UK Ltd v. HMRC and.....
Eye Share: A Curious Case of 'Cess'!
A controversy that has taken center stage under the GST laws is the transitioning of cesses therein. The recent Division.....
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CBIC notifies exemption for ‘Satellite-launch' services by ISRO, Antrix Corp. & New Space India
CBIC notifies exemption in respect of 'Satellite launch services' supplied by Indian Space Research Organisation (ISRO), Antrix Corporation Limited or.....
CBIC notifies quarterly returns, staggered due dates, optional GSTR-9/9C filing for small taxpayers
CBIC notifies special procedure for furnishing GSTR-01 for persons having aggregate turnover of upto 1.5 crores in the preceding financial.....
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FinMin tables Special Borrowing Window of Rs. 1.1 Lakh crore to meet compensation shortfall
Pursuant to 42nd and 43rd GST Council meeting discussions on compensation shortfall, Ministry of Finance (MoF) announces Special Window of borrowing of.....
Eye Share: Provisional Attachment & Bail vis-à-vis Circular Trading under GST Regime
Circular Trading refers to issuing invoices in transactions among multiple companies (more specifically entities registered under GST) without the actual.....
Tamil Nadu gets permission to raise additional Rs. 9627 Crores, 21 States allowed to mobilize Rs. 78,452 Crores
Finance Ministry grants permission to Tamil Nadu to raise an additional amount of Rs. 9627 Crores through open market borrowings.....
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Eye Share: Bird’s-eye view of Intermediary Services under GST in light of Gujarat HC verdict
The issues pertaining to the meaning of intermediary services and determination of place of supply have been around the corner.....
Ministry of Finance clears the air on misinterpretation of LTC stimulus and its benefits
Finance Ministry issues Press Release to clear the air with respect to news report creating an impression that LTC voucher.....
FinMin permits States to raise additional Rs. 68,825 Cr. through Open Market Borrowings
FinMin grants permission to 20 States to raise an additional amount of Rs.68,825 Cr. through open market borrowings, lists down.....
Global IDT Chronicles: When ‘bread’ is not ‘bread’!!!
No one can compare the hullabaloo which tax litigation creates as regards the classification of goods and services. While we.....
FinMin summarizes intense engagements on borrowings, extension of cess at 43rd GST Council Meet
43rd GST Council meet which was a continuation of the 42nd GST Council meeting to discuss one agenda item, namely no. 9A.....
Govt. introduces Special Leave Encashment Scheme, allows LTC for items attracting 12% GST
FM Nirmala Sitharaman during a Press Conference held earlier today addressing Economic Issues, introduces Special Leave Encashment Scheme in Leave.....
EWB generation to be blocked from Oct 15 for specified taxpayers for GSTR-3B default
E-Way Bill (EWB) facility to be blocked after 15th October, 2020 for taxpayers associated with respective PAN (with Aggregate Annual Turnover over Rs 5.....
Values pertaining to FY 2017-18 not to be included in Annual-Return of FY 2018-19
FinMin clarifies that taxpayers are required to report only values pertaining to Financial Year 2018-19 and values pertaining to Financial.....