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Budget 2022: Consumer electronics players lament no reduction in GST

Consumer electronics manufacturers were left disappointed on Tuesday as there was no concession or GST rationalisation on smart TVs and other products in the Union Budget 2022-23.

Budget is visionary, will boost Make in India & Atmanirbhar Bharat plans

Union Budget 2022 seems to be a visionary and simplified budget showcasing the long term focus of the government to take India @75 to India@100

GST collection in Jan crosses Rs 1.3-trn mark for fourth time in FY22: Govt

Revenues for month of January 2022 were 15% higher than GST revenues in the same month last year and 25% higher than the GST revenues in January 2020

At all-party meet, AAP demands discussion on Pegasus, Delhi's share of GST

At the meeting, the AAP also demanded that steps should be taken to stop the "insult" of Mahatma Gandhi and bring a law to guarantee minimum support price for the farmers produce

Millennials want lower GST on health insurance, more savings on home loans

Tax benefit on WFH expenses, regulatory clarity on cryptos also figure high on their wish list from this Budget

Bombay HC sets aside rejection of GST refunds claimed by Colgate Global

The court has set aside the order since the deputy commissioner of state tax did not provide any reasons while rejecting the order.

GST officers bust syndicate of fake firms involved in Rs 362-cr evasion

GST officers have busted a syndicate involved in the creation of fake firms and bogus invoices which led to a GST evasion of Rs 362 crore, the finance ministry said

AARs give divergent rulings on notice pay recovery by employers

No GST on such collections in Maharashtra, regarded as service in MP and taxed, money received from employees for medical insurance to non-dependent parents to draw GST too

Bring natural gas under GST for PM's vision of gas-based economy: Industry

Natural gas is currently outside the ambit of GST, and existing legacy taxes

GST authorities arrest 27-yr old for issuing bogus Rs 1,000 cr bills

A local court remanded the arrested accused to judicial custody for 14 days

Interest on non-payment of GST may be recovered without notice

But with court backing, the authorities are considering doing it in some cases of mismatch in the invoices

Union Budget 2022: Key measures govt must take to address demand-side issue

The country's annual financial exercise this year, comes at a juncture when the outlook on both, global and domestic growth is uncertain in the context of the pandemic trajectory

Bring natural gas under GST for PM's vision of gas-based economy: Industry

Natural gas is currently outside the ambit of GST, and existing legacy taxes -- central excise duty, state VAT, central sales tax -- continue to be applicable on the fuel.

Bombay HC issues notices to Centre, Maharashtra over blocking of ITC

The petitioner, which is engaged in renting and leasing movable and immovable properties, challenged section 17(5)(c) of Central GST Act and the same section in the Maharashtra GST Act

Companies facing probe get relief from HC for settling pre-GST disputes

Bombay HC paves the way for firms to settle disputes with tax authorities

RBI holds special repo auction as GST outflow tightens liquidity

Rs 50,000-cr auction drew bids worth Rs 65,700 cr from the banking system; cut-off rate at 4.06%

Budget secrecy is too archaic now to be continued

Budget reform is not something the Modi government has shied away from

Bombay HC sets aside rejection of refund claims by GST authorities

Claim had been rejected as it was filed after 2 yrs; Court sets rejection aside as authorities had not considered earlier SC relaxation on time limit due to Covid

Telcos seek refund of Rs 35K cr input tax credit, GST waiver on licence fee

The telecom sector wants the government to suspend universal service obligation fund (USOF), which financially supports rollout of telecom services in the rural area

Health care services offered on flat fee exempt from GST: AAR

The applicant devised a plan for providing health care services for the next 20 years for which a lump-sum amount, say, Rs 10 lakh, will be charged