Page 13 - Gst

No GST on rental of 'sarais' under religious or charitable trust: CBIC

The Union Finance Ministry on Thursday said 'sarais' run by religious or charitable trusts are exempt from the Goods and Services Tax (GST) irrespective of rent.

CBIC clarifies on GST to be levied on EVs, mangoes, cattle feed

CBIC also address issues around liquidated damages, penalty on cheque bouncing etc

Supreme Court wants states to make DIN mandatory for GST officers

A DIN is a 20-digit identification code that is affixed to every communication sent to taxpayers by the government

Amid robust tax growth, customs and excise duties decline over 10% in Q1

Receipts from customs and excise duties were down 10.59 per cent at Rs 97,695 crore in Q1 of FY'23

GST e-invoicing must for entities with Rs 10 cr turnover from Oct 1

Presently, the process is mandatory for businesses with an annual turnover of Rs 20 cr and above

Govt eyes ending schemes, including PAHAL, with wasteful expenditures

The PAHAL scheme, launched in 2013, is aimed at reduce diversion and eliminate duplicate or bogus LPG connections

No GST on chequebooks for customers, only on bank buying from printer: FM

Also, there is no GST on crematorium, funeral, burial, or mortuary services, the minister said and explained the Goods and Service Tax has been levied on the construction of new crematoriums.

States taxed items consumed by poor in pre-GST era: FM Sitharaman

She also said the government has contained prices of tomato, onion, and potato, while comparing rates with those prevailing in November 2013.

GST collection jumps 28% YoY in July to second highest ever at Rs 1.49 trn

Collection remains above Rs 1.4 trn for fifth straight month

Falling commodity prices may soften inflation, but it may remain elevated

Parliament likely to discuss the matter today; MPC to consider matter at 3-day meet that begins on Wednesday

Fiscal deficit expected to follow previous years' trend in June quarter

Centre's capex outlay may touch 20 per cent of full-year target in Q1 at Rs 1.5 trillion

Rahul Gandhi hits out at Centre over GST hike on scientific equipment

"Don't let science suffer because of your 'Gabbar Singh Tax', Prime Minister. Roll back the GST on scientific equipments," the Congress leader said in a Facebook post on Monday.

Why govt not allowing debate on price rise, GST in Parliament: Congress

Amid a stalemate in Parliament, the Congress asked why the government is not allowing an urgent debate on price rise and GST when the entire opposition was demanding it

Only GST-registered tenants face 18% tax on rent paid, say experts

One common query is what happens when a person not registered under GST rents a residential property to a person registered under GST

SC dismisses petitions seeking GST exemption on Haj services for pilgrims

A bench of Justices A M Khanwilkar, A S Oka and C T Ravikumar pronounced the judgment, saying they "dismissed" the petitions on both the grounds of exemption and discrimination

Tax on lassi, wheat, rice: AAP appeals Central govt to reduce GST

Delhi CM Arvind Kejriwal appealed to the central government to withdraw the increased GST, stating that people want relief from high inflation

'Unkind act': Chidambaram slams govt for GST hike on scientific equipment

Criticising GST hike on scientific equipments, P Chidambaram said government believes that all the scientific knowledge that we need can be gathered by gazing at the sky and re-imagining our past

Opposition targets Centre over imposing GST on pre-packaged food items

The BJP, however, accused Opposition parties of doing politics over the issue, saying states not ruled by the BJP were also part of the decision taken by the GST council

Delhi AIIMS raises room rent for private ward after 5% GST rate hike

The All India Institute of Medical Sciences, New Delhi, on Thursday announced a raise in the charges of its private ward rooms.

GST: Understanding how the rules around tax on rent will apply to tenants

Businesses with a turnover of less than Rs 40 lakh per annum and salaried individuals are not required to pay the GST on rent under the new rules