NAA to wind up, GST anti-profiteering complaints to be taken up by CCI from December 1

• Nov 15, 2022
  
  

• All GST anti-profiteering complaints would be dealt with by the Competition Commission of India (CCI) from December 1 as the extended tenure of National Anti-profiteering Authority ends this month, an official said on Tuesday. A notification in this regard is expected to be issued by the finance ministry later this month, the official added. The National Anti-profiteering Authority (NAA) was set up in November 2017 under Section 171A of Goods and Services Tax (GST) law to check unfair profiteering activities by registered suppliers.The Authority's core function is to ensure that benefits of reduction in GST rates on goods and services and of the input tax credit are passed on to consumers by way of reduction in prices.

GST

GST appellate tribunals likely to be set up by December 2023

Nov 15, 2022

After years of delay, the Centre is aiming to set up the GST Appellate Tribunals (GSTATs) across the country by December next year with the principal Bench in New Delhi to quickly resolve disputes relating to the key indirect tax, and further improve ease of doing business and boost tax collections. Even five years after the GST rollout, the country is still awaiting an appellate body to resolve tax disputes. On August 18, the group of ministers (GoM) on tribunals convened by Haryana deputy chief minister Dushyant Chautala finalised that GSTAT will be set up with a principal Bench in New Delhi and similar Benches at the state level

GST

What Is a TDS Certificate Different Forms 16, 16A, 16B, 16C?

Tax Deduction at Source

Govt to bring fuel under GST, says Petroleum minister

• Nov 15, 2022
  Petroleum and Natural Gas Minister Hardeep Singh Puri said on Monday that the Central government is ready to bring petrol and diesel under the Goods and Services Tax (GST) regime. Hardeep Puri also said that it was unlikely that the states would agree to this move as liquor and energy are revenue-generating items for the states. But if the states make the move, “we are ready", Hardeep Puri said.
  

GST

Works under SBM to attract GST if not done for govts, authorities: AAR

• Nov 18, 2022
  
  

• Even if supplies are made under a government scheme, these may not be exempt from Goods and Services Tax (GST) if these are not directly supplied to governments or local authorities. Work done for State Urban Development Agency (SUDA) under the Swachh Bharat Mission (SBM) and Mission Nirmal Bangla would not be exempt from GST, according to the state Authority for Advance Rulings (AAR). The work will attract 18 per cent GST, broken into 9 per cent each for central and state GSTs, it ruled. The case pertains to a contract received by Simoco Telecommunications (South Asia) Ltd from SUDA for sewage and waste collection treatment and disposal and other environmental protection services in a number of municipalities in West Bengal.

GST

Tamil Nadu GST Department Issues Instructions For Initiation Of Action On Non-Filers Of GST Returns

• Nov 18, 2022
  The Tamil Nadu GST Department has issued instructions in respect of procedures for initiation of action against non-filers of returns under the Tamil Nadu Goods and Service Tax Act, 2017 (TNGST Act). If the registered person fails to file returns under Section 39, even after the expiration of the time limit in the notice issued under Section 46, the proper officer shall proceed to assess the tax liability under Section 62 for the person. The powers for cancellation of registration are vested with the proper officer under Section 29(2) of the TNGST Act 2017 and Rule 21 of the TNGST Rules 2017. If taxpayers file monthly returns in Form GSTR-3B and do not file the return for a continuous period of six months, their GST registration will be cancelled. If a taxpayer is filing returns under the QRMP scheme and does not file returns in GSTR-3B for two consecutive tax periods, the GST registration will be cancelled.
  

GST

Govt of India to Abolish National Anti-profiteering Authority

Nov 19, 2022

NAA’s investigation arm will continue to function in some form under CCI. The official said that the move will reduce the multiplicity of regulators as CCI can handle cases independently. The plan is to transfer cases to CCI after NAA’s term ends. Why This Transfer? NAA’s role is to make sure that the benefit of tax rate reduction reaches the consumer immediately. This has been the role of NAA primarily because the GST council has been rejigging the rates in the last five years. NAA has little to do when rates go up.

GST

Govt may remove penal offences covered under IPC from GST law

Nov 21, 2022

He government is considering to remove the penal offences which are already covered under the Indian Penal Code (IPC) from the GST Act to make it more taxpayer-friendly, an official said. The proposal, part of the exercise to decriminalise GST law, is likely to be taken up in the next meeting of the GST Council. Once approved by the GST Council, the Finance Ministry will propose amendments to the GST law, which could be taken up in the upcoming winter session of Parliament next month. "Law committee has finalised the changes in Section 132 of the GST Act as part of the exercise to decriminalise the law," the official told PTI. The offences that are similar to those covered under the Indian Penal Code would be removed from GST law, the official added.

GST