Goods & Services Tax (GST) Updates

[Sushubh]

https://www.hindustantimes.com/india-news/reduce-gst-on-digital-news-subscriptions-mib-to-revenue-department-101723639169148.html

Strange behaviour.

 

[Navjot Singh]

We will find out soon enough I guess.

 

[Navjot Singh]

IIT-Delhi receives notice demanding ₹120 crore GST on research funds: Report - CNBC TV18

The head of a private deemed university expressed worries about the financial load and stated that implementing GST on research funds to universities is a ‘major setback’ for the growth of Indian higher education institutions.

www.cnbctv18.com

 

[Sushubh]

Gurugram man in Australia gets GST evasion notice, finds shell firm in his name - Hindustan Times

 

[Sushubh]

Sale Of Lottery By State Not Service; Lottery Wholesalers Not Liable To Service Tax : Supreme Court

The sale of lottery tickets by a State Government is not a service but an activity to earn additional revenue, observed the Supreme Court. Hence, the wholesale lottery purchasers are not promoting or...

www.livelaw.in

 

[Navjot Singh]

GST Council likely to clarify on 18% GST on payment aggregators' gateway fees for cards transactions upto Rs 2,000: CNBC-TV18

India’s GST Council is expected to clarify at its September 9 meeting on whether GST of 18 percent should be levied on digital payments of less than Rs 2,000 made through payment aggregators such as Pine Labs and Razorpay. According to the fitment committee, these payment aggregators act as intermediaries for such transactions and can’t be treated as banks, so GST should be levied on them. Among the other key decisions, tax treatment for insurance premiums, and conditions for sharing GST data with govt agencies are also likely to be taken up.

 

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[Sushubh]

GST Council ‘aligned’ on the need to cut insurance premiums, specific proposal referred to GoM

The GoM on rate rationalisation will meet in Goa on September 23 and the next GST Council meeting will be held in November.

indianexpress.com

 

[Sushubh]

Source

 

[Sushubh]

GST Council Meeting: Car seats to attract higher tax rate of 28%

The Union Minister said that a key decision related to health regulations may be made in the next meeting after the Group of Ministers submits their report in October.

www.zeebiz.com

 

[Sushubh]

Bengaluru GST Officials Arrested for Kidnapping and Extortion of Rs 1.5 Crore | Bengaluru News - Times of India

Four GST department officials, including a woman, have been arrested in Bengaluru for allegedly kidnapping an IT employee and extorting Rs 1.5 crore. The case involves false claims of illegal business practices and threats during the abduction.

timesofindia.indiatimes.com