The Gujarat High Court has directed the authorities to pay interest for delay in paying GST refunds.
The authorities were asked to pay the interest at the rate of nine per cent per annum.
Saraf Natural Stone, a partnership firm,
The GST regime, which came into force from July 1, 2017, has 7 rates for goods (Nil, 0.25 per cent, 3 per cent, 5 per cent, 12 per cent, 18 per cent, 28 per cent) and 5 rates for services
Heartland states such as Bihar, Uttar Pradesh, Madhya Pradesh and Odisha showed improved performance in goods and services tax (GST) collection for 2019, as compared to the previous year, reports the Times of India.
Their performance stood out against that
Car, SUV and two-wheeler manufacturers believe the severity of the slowdown has been acknowledged by the government and a plan has been put into motion to bring demand back on track.
Auto companies are hoping that the government’s plan includes
The shift to the goods and services tax (GST) regime marked a significant step towards the creation of a common national market. But the transition to this new indirect tax regime has been marred by implementation glitches. The compliance burden
Central and state governments have collected Rs. 1,02,083 crore from Goods and Services Tax (GST) in July, 5.8% more than what they mopped up in the same month a year ago, an official statement said here.
This is the third
The Goods and Services Tax (GST) Council on Saturday decided to slash tax rates on electric vehicles (EVs) and chargers in a bid to encourage the adoption of eco-friendly mobility solutions.
The GST rate on EVs was cut from 12
Auto industry body SIAM on Saturday said there is a need for a long-term unambiguous electric vehicles (EVs) road map while welcoming reduction in GST on EVs and chargers and reiterated the need for government intervention to stimulate demand to
The Society of Manufacturers of Electric Vehicles (SMEV) on Saturday welcomed the reduction of GST on electric vehicles to 5 per cent, saying it is in line with the government’s steps to promote eco-friendly mobility, even as it sought a
he meeting of the GST Council on Thursday, which was to decide on cutting tax rates on electric vehicles, has been postponed as Finance Minister Nirmala Sitharaman was pre-occupied in Parliament, officials said.
The 36th GST Council meeting, which was