CAclubindia News

GST Council Nullifies SC Ruling on Safari Retreats, Shaking Up Real Estate ITC Claim

25 December 2024 at 09:51

The GST Council's recent decision to retrospectively amend the GST law, restricting input tax credit (ITC) on construction services, has sent ripples across the real estate and infrastructure sectors.

Posted in GST | 123 Views

GST on SaaS Model: Ride-Hailing Platforms Seek Clarity Amid Delayed GST Council Decision

25 December 2024 at 09:47

The GST Council’s decision to defer discussions on the taxation of the Software-as-a-Service (SaaS) model for ride-hailing platforms has left the industry in limbo, sparking concerns over innovation, investment, and the gig economy's future.

Posted in GST | 69 Views

GST Collections in 2024: Record Revenues Amid Enforcement Measures

25 December 2024 at 09:26

2024 has been a landmark year for India's Goods and Services Tax (GST) regime, achieving record-breaking revenue collections and rolling out targeted measures to curb tax evasion.

Posted in GST | 54 Views

ICAI Issues January 2025 Intermediate Guidance Notes on Exhausted Exemptions

25 December 2024 at 09:09

Intermediate January 2025 Guidance Notes for Continuing the Exhausted Exemptions - Making

Posted in Students | 780 Views

GST Council Takes a Cautious Approach to Key Issues, Says Ajay Seth

24 December 2024 at 09:17

Economic Affairs and Revenue Secretary Ajay Seth, on Sunday, December 22, shed light on the GST Council's cautious stance on several complex issues discussed during its recent meeting.

Posted in GST | 1269 Views

GST Council Clarifies Taxation on Popcorn, No Change in Existing Rates

24 December 2024 at 09:14

The GST Council, during its 55th meeting on Saturday, clarified the taxation rules for popcorn, reaffirming that there would be no change in the existing rates...

Posted in GST | 1971 Views

GSTN Issues Advisory for Entry of Receipt Numbers Pertaining to Leased Wagons in the E-Way Bill System

24 December 2024 at 09:10

Guidelines for Accurate Entry of Receipt Numbers in the E-Way Bill (EWB) System for Leased Wagons

Posted in GST | 1338 Views

55th GST Council Meet Resolves ITC & Late Fee Ambiguities via Circulars

23 December 2024 at 09:19

Issuance of clarifications through the circulars to remove ambiguity and legal disputes in certain issues

Posted in GST | 15045 Views

55th GST Council Meet: Old Vehicle Sales Tax Raised to 18%

23 December 2024 at 09:18

GST Rate Hike to 18% on Sale of Old and Used Vehicles, Including EVs

Posted in GST | 2769 Views

Maharashtra Legislative Council Passes GST Amendment Bill 2024

23 December 2024 at 09:16

On December 19, 2024, the Maharashtra Legislative Council passed the Maharashtra Goods and Services Tax (Amendment) Bill, following its approval in the state assembly.

Posted in GST | 360 Views