Malabar Parota to attract 5% GST and not 18%, rules Kerala HC

[ad_1] The delectable Malabar Parota will taste even better with the Kerala High Court ruling that the popular flatbread will attract GST at 5 per cent and not 18 per cent. With this the court has turned down order by...

E-WAY Bill generation reached all-time high at 10.35 crore in March, April collection likely to be benefitted

[ad_1] Fiscal year-end closing coupled with better compliance and improved consumption pushed e-WAY bill generation to an all time high of 10.35 crore in March, data collected by GST Network (GSTN) showed. This could have some impact on GST collection...

Ice cream not a luxurious item, says Chhattisgarh High Court

[ad_1] Chhattisgarh High Court said that ice cream is not a luxurious item and has directed GST Council to reconsider the exclusion of Small-Scale Manufacturers of Ice Cream from the composition scheme. Ice cram attracts GST at the rate of...

GST collection in March surges to ₹1.78-lakh crore

[ad_1] Improved compliance coupled with a spur in economic activity pushed GST collection to ₹1.78-lakh crore in March, the Finance Ministry reported on Monday. It is 11.5 per cent higher than March 2023 collection number of ₹1.60-lakh crore.This is the...

MBL Infrastructures’ shares surge 4.99% on securing ₹17.24 crore arbitration award

[ad_1] MBL Infrastructures Ltd’s shares were up by 4.99% after the company secured an arbitration award of ₹17.24 crore. This award was granted by the Learned Arbitral Tribunal on March 23, 2024, in favor of MBL against the Public Works...

Usha Martin fined for claiming wrong cenvat credit

[ad_1] Usha Martin Ltd has received an order from the Deputy Commissioner, Circle-A, Zone-IV, Jaipur, imposing penalty and interest alleged or claiming wrong cenvat credit.According to the stock exchange filing, the order pertains to claiming non-verified input tax credit (ITC)...

Move at the earliest to a three-slab system in GST: Rangarajan

[ad_1] A road-map must be drawn up for rationalising GST slabs says C Rangarajan, former Chairman, Economic Advisory Council to the Prime Minister and former RBI GovernorGST was intended to provide a system of taxation which was the same for...

Landmark indirect tax reform, GST, stabilises after a rocky beginning

[ad_1] As the Indian electorate goes to vote to choose candidates for the 18th Lok Sabha, the ruling NDA government will be showcasing the roll-out and implementation of the Goods and Services Tax (GST) as one of its significant achievements.This...

10 years of NDA: GST, the landmark tax reform, stabilises after a rocky start

[ad_1] As the Indian electorate goes to vote to choose candidates for the 18th Lok Sabha, the ruling NDA government will be showcasing the roll-out and implementation of the Goods and Services Tax (GST) as one of its significant achievements.This...

IIT Hyderabad to aid Telangana authorities GST-fraud probe

[ad_1] Hyderabad: The Indian Institute of Technology, Hyderabad, has announced that it will continue to supply any information needed from time to time and will offer Telangana Commercial Taxes officers all assistance available in their probe into the most recent...
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