News
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Eye Share : Related Party Valuation – Moot question on recipient’s full ITC eligibility
The GST law permits valuation of supplies of goods and / or services at arm’s length when the parties are unrelated and the.....
Intra-state e-Way Bill in Rajasthan from May 20; Kerala exempts certain intra-state transactions
Intra-state e-Way Bill in Rajasthan from May 20; Kerala exempts certain intra-state transactions.....
No late return fee where TRAN-1 filed by May 10 & GSTR-3B by May 31
CBIC waives late fee payable u/s 47 of CGST Act for failure to furnish return in Form GSTR-3B by due.....
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Maharashtra Govt. constitutes Appellate Authority for Advance Ruling under GST
Maharashtra Govt. constitutes Appellate Authority for Advance Ruling for GST consisting of Chief Commissioner, CGST & CE, Mumbai Zone and.....
Delhi Govt. appoints Appellate Authority under DGST Act
Delhi Govt. authorizes Additional Commissioners to perform functions of Appellate Authority, to hear appeals against the orders of Adjudicating Authority.....
Increase in MRP of 'India Gate Basmati Rice' not "anti-profiteering", rules NAA
National Anti-profiteering Authority finds no violation of Section 171 of CGST Act by producer-exporter of “India Gate Basmati Rice”; Dismisses.....
Intra-state e-Way Bill roll-out in Maharashtra from May 25
Maharashtra Govt. decides to roll-out intra-state e-Way Bill system from May 25, instead of May 31; Amends Notification No. 15A/2018-State.....
Assam notifies intra-state e-Way Bill from May 16
Assam Govt. notifies the provisions of e-Way Bill rules for intra-state movement of goods w.e.f. May 16; Rescinds Notification No......
GST Council's new return design envisages unidirectional invoice uploading, no credit reversal by buyer
GST Council in its 27th meeting, approves principles for filing of new return design based on recommendations of the Group of.....
GST Council approves simplified Returns model; Defers decision on levy of Sugar Cess
GST Council agrees to buy out 51% stake of private companies in GSTN; Defers decision on levy of Sugar Cess,.....
GST Council agrees on conversion of GSTN into Govt. entity
GSTN Council agrees to convert GSTN into 100% Govt. entity; Discussions underway on sugar cess, incentivising digital transactions, and simplification.....
Revenue withdraws SLP challenging HC's interim order on GST transitional credit limitation
SC allows Revenue to withdraw SLP challenging the interim order of Delhi HC which had allowed the petitioners to avail.....
Transfer of 'tenancy rights' taxable as "services"; But, premium towards residential dwelling exempt
Finance Ministry (TRU) issues clarification on taxability of ‘tenancy rights’ under GST, states that such activity against consideration in the form.....
Intra-State e-Way Bill for 17 items in Himachal Pradesh, from May 5
Himachal Pradesh Govt. notifies e-Way Bill for intra-state movement of 17 goods of consignment value exceeding Rs. 50,000/- w.e.f. May.....
GST revenue collection crosses Rs. 1 lakh crore mark in April 2018
Finmin records gross GST revenue of Rs. 1.03 lakh Cr in the month of April 2018; CGST accounts for Rs......
Maharashtra postpones intra-state e-Way Bill to May 31
No requirement of generation of e-Way Bill for intra-state movement of goods within State for period April 1, 2018 to.....
UIN for supplies to Embassies / Missions mandatory; Suppliers should amend software, advises CBIC
CBIC issues directive to suppliers / vendors to record Unique Identity Number (UIN) on invoices while making supplies to Foreign.....
FinMin's GST Report Card - Rs. 7.19 lakh crore collection in Financial Year; 65% average compliance
Govt. collects total revenue of Rs. 7.19 lakh crore under GST in the period August 2017 to March 2018, with.....
MP notifies intra-state e-Way Bill for 11 categories of goods for movement between districts
Madhya Pradesh Govt. has notified e-Way Bill for intra-state movement of 11 categories of goods which include inter alia Pan.....
No anti-profiteering by Honda car dealer; 2% reduced rate passed on, rules NAA
National Anti-Profiteering Authority (NAA) rules in favour of Honda Car dealer, finds no merit in application filed under Rule 128.....