[ad_1] In a judgment that may have well overreached, a three-judge bench of the Supreme Court (SC) ruled on May 19 that the recommendations of the Goods and Services Tax (GST) Council should be seen as having persuasive value rather than be considered binding on the Centre and the states. HT reported that the order …
[ad_1] The Supreme Court on Thursday struck down the integrated goods and services tax (IGST) levy on ocean freight, upholding the Gujarat HC decision that had gone in favour of taxpayers. “The Supreme Court has held that GST on ocean freight paid in case of import of goods is unconstitutional. As a corollary, the Indian …
[ad_1] A higher tax slab for online gaming will not only lead to proliferation of a parallel black market but also act as a major barrier when it comes to attracting foreign direct investment (FDI), say industry experts. The reaction comes days after an empowered group of ministers (GoM) — set up to look into …
[ad_1] The Goods and Services Tax (GST) Council will likely meet in the second half of June, amid a new debate on the way taxation powers are shared between the Centre and states. The Supreme Court recently ruled that the council’s recommendations are not binding on the Union government and states, but have a persuasive …
GST council to meet in June, may skip rate rejig Read More »
