Is GST payable on gift card, voucher purchase? Govt clarifies
In the electronic commerce space, vouchers have become a widely used tool to enhance customer engagement, drive sales, and ...
Tax Guru9h
No GST Exemption on Manpower Supply to Webel Technology: AAR Ruling
In re Webel Support Multipurpose Service Cooperate Society Limited (GST AAR West Bengal) West Bengal Authority for Advance Ruling (AAR) examined whether the supply of manpower ser ...
JD Supra2d
Tax Court of Canada Denies GST/HST Input Tax Credit Claims in Connection with a Settlement Payment
In a general procedure hearing that was later moved under the informal procedure rules and rendered on December 17, 2024, the ...
Frequent regulatory changes, full automation under GST making compliance difficult and expansive for taxpayers
The Central Board of Indirect Taxes and Customs (CBIC) has introduced key mechanisms to automate compliance under the GST ...
Budget impact from GST perspective
BENGALURU: Goods and Services Tax (GST) is crucial for revenue collection, compliance, and economic growth. The Finance Bill ...
Tax Guru2d
GST registration and payment of tax after inspection not voluntary conduct by assessee
Madras High Court held that obtaining GST registration and payment of tax after inspection cannot be said to be voluntary conduct of the assessee. The same amounts to deliberate attempt to evade ...
Big Brother watching: Optional GST invoice reconciliation to be made mandatory
India may soon mandate the invoice management system for large transactions to curb tax evasion and enhance GST compliance.
Vedanta Hit With ₹141.36 Crore GST Penalty Over Ineligible ITC Claims; Plans Legal Challenge
Global mining conglomerate Vedanta Ltd was hit with Goods and Services Tax (GST) penalties of Rs 141.36 crore for alleged ...
The New Indian Express8d
Budget impact from GST perspective
Classifies goods warehoused in SEZ or FTWZ as being outside India’s Customs frontiers, making them non-taxable under GST until cleared for export or domestic supply.
Business Recorder2d
GST return: KTBA voices concern over missing key annexures
ISLAMABAD: Karachi Tax Bar Association (KTBA) Friday expressed serious concern over non-availability of key annexures (Annex ...
File GSTR-9C by March 31 to get late fee waive-off and avoid GST notice
GSTR-9C is a reconciliation statement between the annual returns filed in GSTR-9 and the audited annual financial statements ...
No GST on penal charges levied by banks, NBFCs and other regulated entities on loans, clarifies CBIC
The government has clarified that no bank, NBFC, regulated entities (REs) can charge Goods and Services Tax (GST) on penal ...