GST News

  • GST, biofuels push on the wish list of oil & gas companies in NDA's second term 26 May 2019 08:41 Mumbai: A second term for the National Democratic Alliance (NDA) government has brought forth hope for the oil and gas sector which wants its fortunes revived too, in this second term. While analysts say the re-election of NDA will be credit neutral for …
  • Single authority for sanctioning, processing GST refunds likely by August 26 May 2019 05:58 A single authority for sanctioning and processing GST refunds is in the offing as the Finance Ministry looks to speed up and simplify the process for exporters, an official said. The current mechanism entails a twin refund sanctioning authority of the …
  • PTI govt asked to reduce imbalance in GST on fertiliser 26 May 2019 03:21 A farmer sprays liquified fertiliser over a rice field. PHOTO: REUTERS KARACHI: The fertiliser industry has asked the government to reduce the imbalance between input and output general sales tax (GST) on urea and di-ammonium phosphate (DAP). Urea is …
  • Manpasand Beverages MD, officials arrested in Rs 40 crore GST fraud 25 May 2019 20:11 Controversy continues to broil at Vadodara-based Manpasand Beverages Limited (MBL) which has now seen an arrest of its managing director Abhishek Singh, along with other two top officials in a Rs 40 crore Goods and Services Tax (GST) fraud case. After a …
  • ‘Landmark’ ruling sees Indian High Court rule against GST levy on duty free shopping 25 May 2019 16:10 INDIA. In a key development for Indian travel retail, the Allahabad High Court this month ruled that goods & servces tax (GST) should not be levied on duty free purchases made at Chaudhary Charan Singh International Airport in Lucknow. “This is a …
  • Manpasand Beverages’ top executives arrested for GST fraud 25 May 2019 14:20 Vadodara (Gujarat), May 25 (IANS) The entire top deck of Gujarat-based Manpasand Beverages including the company’s Managing Director have been arrested on allegations of GST fraudt. According to a BSE filing by the company, the Commissioner of Central GST …
  • Manpasand Beverages MD, two others held for GST fraud 25 May 2019 07:46 Sleuths of Central Goods and Services Tax (CGST) Commissionerate Vadodara -II arrested Manpasand Beverages Limited (MBL) Managing Director Abhishek Singh and two others on charges of GST fraud worth ₹40 crore on Friday. A CGST statement, released on Friday …
  • No GST on sales at duty-free stores, says Allahabad High Court 25 May 2019 07:02 NEW DELHI: Multiple court rulings on payment of goods and services tax (GST) at dutyfree shops are making life confusing for those buying perfumes and chocolates from these stores. A recent Allahabad high court judgment may, however, provide some relief …