News Update

NHAI to go for assessment audit & rank roads for qualityUdhav Govt decides to permit hotels to reopen with 33% capacity from July 8GST - When appeal is provided under statute, writ remedy cannot be invoked by making High Court as middle authority between respondent CTO and appellate authority: HCIndia, China agree to disengage troops in Eastern LadakhGovt denies any move to merge CBDT & CBICNon-payment of consideration within 180 days and ITC reversal in GST (See 'THE INSIGHT' in Taxongo.com)Unlocking of economy - 30% firms operating at 70% capacity utilisation: SurveyCOVID-19 - Global tally spikes to 1.16 Crore with 5.37 lakh deaths + New cases - US inches close to 30 lakhs + 16 lakh in Brazil + India advances close to 7 lakh - third highest in worldKerala Customs seizes gold cargo worth Rs 13 CroreAvailability of ITC in respect of duty/tax paid after July 2017 for past transactions under CEA, 1944/FA, 1994/CA, 1962ST - Assessee collects, processes & stores data of MNREGA beneficiaries on behalf of a State Govt entity - such activity entails discharge of sovereign function & no service tax can be demanded thereon: CESTATTaxability of Trusts and InstitutionsSpike in COIVD-19 cases in Gujarat - Ahmedabad Pr CCIT office hunkers down to provide logistics & other support to patients in DepartmentCX - Valuation - Approach of Revenue by disintegrating the wholesale package and determining the value of individual components under separate provisions of the same Act is not permissible: CESTATCOVID-19 impact on Start-ups - 12% down shutters; 70% adversely hurtCX - Construction service was availed for construction of own manufacturing premises - credit admissible: CESTAT140 in race to develop vaccine for Coronavirus; COVAXIN gets official nodCus - Transaction value of imported goods cannot be rejected without showing any contemporaneous evidence of higher price - charges of undervaluation are unsustainable where no evidence exists to show that assessee & overseas buyers are related parties: CESTATProf Raghavan favours use of CSR funds for R&DReceipt of cash gift through banking channels is per se insufficient to establish creditworthiness of donor or genuineness of such gift: HCProvisions of Section 2(22)(e) cannot be invoked where assessee-company maintains running transactions with its subsidiary: ITATExpenses incurred on repair & annual maintenance of computers are revenue expenses & are eligible for deduction: ITATCOVID-19 - Recovery Rate - Five States report over 80% + 9 States between 70-80 per cent + India’s averages about 60.77 per centGenetic risk score to be reliable tool in diagnosing type-1 diabetes in India
Untitled Document

The Cob(Web)s on GST
by Shailendra Kumar

2020

Shrinkonomics - GST Council forfeits chance to race ahead of COVID-19!
Number : 703
Dated :
March 19, 2020

Macabre COVID-19 - Should GST Council brace up for Relief Package?
Number : 702
Dated :
March 12, 2020
New Return - RET-1 - Taxpayers would 'bless' if GST Council defers it!
Number : 700
Dated :
February 27, 2020
GST - Sec 50 Imbroglio - CBIC, GSTN & Taxpayers - All three to be blamed!
Number : 699
Dated :
February 20, 2020
North Block watches as GSTN plays havoc with PM's historic tax reform!
Number : 698
Dated :
February 13, 2020
GST Bureaucracy needs to develop the Art of Listening!
Number : 695
Dated :
January 23, 2020
GST - Preventing Frauds - Media is double-edged Sword, use it wisely!
Number : 693
Dated :
January 09, 2020

2019
GST - Plunging Compensation Revenue - States unfairly assault Union of India!
Number : 691
Dated :
December 26, 2019
GST Council's 38th Meeting - Lottery eats away spirit of Cooperative Federalism!
Number : 689
Dated :
December 19, 2019
GST - Dip in Revenue Collections - Time to redefine Fiscal Federalism!
Number : 687
Dated :November 28, 2019
GST - Tough time lies ahead for spirit of cooperative federalism!
Number : 686
Dated :
November 21, 2019
GST - Relief on cards for New UTs; GSTN fails to operationalise assessee-friendly Amendments
Number : 685
Dated :
November 14, 2019
GST - Revenue Augmentation - Some suggestions & A word of Caution!
Number : 681
Dated :
October 17, 2019
Indian GST - Flaw in Design - 'Hurricane Katrina' in the making!
Number : 680
Dated :
October 10, 2019
GST Council's Goa Meet - Torrid time lies ahead!
Number :
677
Dated : September 19, 2019
FM needs revenue to help Economy - Sabka Vishwas Scheme can majorly help but ...!
Number :
675
Dated : September 05, 2019
GST 'galloping' on Highway of Litigation!
Number : 671
Dated : August 08, 2019
GST - Tale of Double Whammy! - Time to incentivise Compliance!
Number :
670
Dated : August 01, 2019
Poor GST Collections - Bleeding Centre; Time to renegotiate 14% growth with States!
Number :
669
Dated : July 25, 2019
GST - Fake Invoices - Mega Hole in Treasury; Time for Punitive Legislative Measures!
Number :
668
Dated : July 18, 2019
Anti-Profiteering Authority - GST Council had not much choice!
Number :
665
Dated : June 27, 2019
GST Council may go for many mega decisions
Number :
664
Dated : June 20, 2019
GST 2.0 - Let's not make ad hoc changes till Roadmap is designed!
Number :
663
Dated : June 13, 2019
GST 2.0 - Time to align certain provisions with Direct Tax Code-in-making
Number :
662
Dated : June 06, 2019
GST - Right time to merge e-Invoice & e-Way Bill
Number :
660
Dated : May 23, 2019
GST - Real Estate - FAQs are welcome but more needs to be done!
Number :
659
Dated : May 16, 2019
GST - Real Estate - A few clarifications & amendments needed
Number : 658
Dated : May 09, 2019
GST - Post-Sale Discount - Let's avoid stirring Hornet's Nest!
Number : 656
Dated : April 25, 2019
GST - New Tax Regime - Is it really toxic for Real Estate!
Number :
651
Dated : March 21, 2019
GST - New Returns - A 71-Page Magnum Opus is certainly not 'Sahaj'!
Number :
650
Dated : March 14, 2019
GST - Real Estate looking for 'REAL' Solutions!
Number :
649
Dated : March 07, 2019
GST - Real Estate heading for a PAINFUL tax regime!
Number :
648
Dated : February 26, 2019
GST - Real Estate - Yet Another Composition Scheme - A Fratricidal move, Indeed!
Number : 646
Dated : February 14, 2019
GST - Three Exemption Thresholds! - Constitutional validity? - Has Council goofed up?
Number :
643
Dated : January 24, 2019 
GST - A Common Composition Scheme for Goods & Services more desirable!
Number :
641
Dated : January 10, 2019 
GST - Higher Exemption Threshold - Better 'economics' for tax administration!
Number :
640
Dated : January 03, 2019 

2018
GST Council finally delivers but some patchworks need a Relook!
Number :
639
Dated : December 27, 2018  
Prescription of 'Must-do' items for GST Council
Number :
638
Dated : December 20, 2018  
Bringing GST on Track - A lot more needs to be done!
Number :
637
Dated : December 13, 2018  
GST - Agenda for New RS - Decision-making apparatus warrants immediate overhauling!
Number : 635
Dated : November 29, 2018
GSTR-3B vs GSTR-3 - North Block missing the Wood for the Tree!
Number :
629
Dated : October 18, 2018
Audit under GST - Council needs to 'audit' few Provisions & Decisions
Number :
628
Dated : October 11, 2018
GST - Anti-abuse measures - e-Way Bills to be matched with Sales Invoices
Number :
627
Dated : October 04, 2018
GST - Due dates for multiple returns - Avoidable cobwebs!
Number :
626
Dated : September 27, 2018
GST - More needs to be done to incentivise 'sluggish' compliance!
Number :
624
Dated : September 13, 2018
GST Collections' woes continue but earn happy Smileys for Income Tax!
Number : 623
Dated : September 06, 2018
GST - New 'Cess' - Flood-ravaged Kerala may create fault line in Cooperative Federalism!
Number : 622
Dated : August 30, 2018
GST owes 'Atal' Foundation for Final 'Destination' to Vajpayeeji!
Number :
621
Dated : August 23, 2018
GST - Credit conundrums - Overlooking them is no solution!
Number : 620
Dated : August 16, 2018
GST - Proposed Amendments - Union Cabinet 'mends' to aid MSMEs
Number :
619
Dated : August 09, 2018
GST Council - Poll-driven mood - Let's expect more sops at next meeting!
Number :
618
Dated : August 02, 2018

GST - Hurried Amendments & Unexpected rate-cut - Does it mean Early Polls?
Number :
617
Dated : July 26, 2018

GST Law Amendments - Will Council make it more taxpayer-friendly?
Number :
616
Dated : July 19, 2018
GST Law Amendments - Many Ray Committee recommendations ignored!
Number : 615
Dated : July 12, 2018
One Year of GST - High Time for Council to unfold reforms for 2nd Year
Number :
614
Dated : July 05, 2018
1st Anniversary of GST - A taxpayer's 'Mann Ki Baat' !
Number :
613
Dated : June 28, 2018
GST - Once Bitten, Twice Shy!
Number :
610
Dated : June 07, 2018
GST - Is it worth reviving the 'Exorcised Ghost' of Sugar Cess?
Number :
607
Dated : May 17, 2018
Sugar CESS - GST Council should not cave in to EAT the 'forbidden fruit'!
Number :
606
Dated : May 10, 2018
GST - Sugar CESS - A Pause before Decision may serve better!
Number :
605
Dated : May 05, 2018
GST future reforms - A Litmus Test for Cooperative Federalism!
Number :
601
Dated : April 05, 2018
Indian GST-efficiency falls short of half mark but nothing to worry about!
Number :
600
Dated : March 29, 2018
GST - Data Analytics turning out to be most potent anti-evasion tool!
Number :
599
Dated : March 22, 2018
IGST 'Little Boat' may not sail in Nilekani's proposed GSTR model
Number :
598
Dated : March 15, 2018
GST - Consumption States need to work hard for more revenue
Number : 597
Dated : March 08, 2018
GST - Set your House in order before using the 'Lathi' !
Number : 594
Dated : February 15, 2018
GSTR data - An Analyst's delight!
Number : 592
Dated : February 01, 2018
Designing new GSTR - But certainly not at cost of ITC!
Number : 591
Dated : 25 January 2018
GST Council approves several Amendments in Laws - (+) & (-) both
Number : 590
Dated : 22 January 2018
Rebooting of GST - A TIOL word of caution for the Council
Number : 589
Dated : 18 January 2018
GST - Is mod se jaate hain syndrome continues ...
Number : 588
Dated : 11 January 2018

2017
Tampering with GSTR-3B may lead to 'triple dip' Disruption of Economy!
Number : 585
Dated : 07 December 2017
Revamped GST calls for change in Basic Design!
Number : 583
Dated : 07 December 2017
Tax Payment - GST Council needs to guillotine Multiple Ledger System
Number : 582
Dated : 30 November 2017
GST - Consumers cry for mercy!
Number : 581
Dated : 22 November 2017
Flawed Business Processes take toll on revenue & GST's Design!
Number : 580
Dated : 16 November 2017
Business Processes have failed GST! Council needs to 'Reboot' it!
Number : 579
Dated : 09 November 2017
GST heading for Avalanche of Litigation!
Number : 578
Dated : 02 November 2017
GST getting caught in storm of invoice mismatch! Exporters get a feel of it!
Number : 577
Dated : 26 October 2017
GST - Is it going to be costly perestroika for BJP?
Number : 576
Dated : 19 October 2017
Kudos to GST Council but more needs to be done!
Number : 575
Dated : 12 October 2017
Problems, Problems & Problems - What should GST Council do to handhold taxpayers?
Number : 574
Dated : 05 October 2017
World Trade recovers but India's exports suffers! Thanks to GST
Number : 573
Dated : 28 September 2017
GST - Ground-level problems crying for solutions!
Number : 572
Dated : 21 September 2017
GST Mess - Why blame GSTN alone! It's time to review Business Processes!
Number : 571
Dated : 14 September 2017
GST Let Down by GSTN
Number : 570
Dated : 07 September 2017
GST Network & Data Protection - Shadow of SC Judgement
Number : 569
Dated : 31 August 2017
GST - A Sad Tale of GSTN & Ease of Doing Business gone!
Number : 568
Dated : 24 August 2017
Paying GST without ITC? - It's unfair!
Number : 567
Dated : 17 August 2017
RCM Brahmastra under GST - Income Tax Department to be key Beneficiary
Number : 566
Dated : 10 August 2017
GST-related Clarifications - Press Releases & Tweets a risky Culture!
Number : 563
Dated : 20 July 2017
Two key challenges for CBDT - Mounting tax arrears & GST humongous data
Number : 562
Dated : 13 July 2017
GST Roll-out with hiccups; White Paper on Future DESIGN warranted
Number : 561
Dated : 06 July 2017
GST July 1 - A Historic Gain & a Loss!
Number : 560
Dated : 29 June 2017

GST - July 1 - Another 'Disruptive' Decision?
Number : 559
Dated : 22 June 2017

GST - July 1 - Welcome to the World of Complete Chaos!
Number : 558
Dated : 15 June 2017
July vs September - GST Council needs to avail Constitutional space for better preparedness?
Number : 557
Dated : 08 June 2017
GST - A decision to delay much warranted!
Number : 556
Dated : 01 June 2017
GST Rate Fixation - A Death Knell for Corporate Lobbying?
Number : 555
Dated : 25 May 2017
GST - A New Look CBEC, sorry, CBIC on the cards
Number : 549
Dated : 13 Apr 2017
Hasty passage of GST Bills - Customs loses power to levy IGST on Import of Goods!!
Number : 548
Dated : 06 Apr 2017
GST Bills - A Bundle of Pain & Relief, both!
Number : 547
Dated : 30 Mar 2017
Rising Din Against Litigation - Do something before India boards GST Bus
Number: 546
Dated : 23 Mar 2017
CAG Audit guillotined? - Should Parliament necessarily go with GST Council?
Number: 545
Dated : 16 Mar 2017

GST Council needs to address growing feeling of being wronged!
Number: 543
Dated : 02 Mar 2017

IGST continues to be 'Apple of Discord'
Number: 542
Dated : 23 Feb 2017

Do we have Plan B if GST Network fails?
Number: 541
Dated : 16 Feb 2017

IGST - GST Council rocks the 'Little Boat'!
Number: 540
Dated : 09 Feb 2017
Division of GST Assessee-base - CBEC officers rightly in pain - FM needs to apply balm!
Number: 538
Dated : 26 Jan 2017
GST Rapprochement - Is everything lost for CBEC?
Number: 537
Dated : 19 Jan 2017
Kudos to Mr Jaitley for steadily steering GST Council towards 'Destination' & Tax!
Number: 535
Dated : 05 Jan 2017

2016
Delay in GST Roll-out - Will GST Council answer its critics today?
Number: 533
Dated : 22 Dec 2016

Employer-Employee Services: GST Model Law really intends to tax Diwali & Christmas Gifts?
Number: 532
Dated : 15 Dec 2016

GST - Let's not water down the Territorial Waters issue
Number: 531
Dated : 08 Dec 2016
Is GST Council heading for Stalemate?
Number: 526
Dated : 03 Nov 2016
GST Tryst with Three Fault lines!
Number: 525
Dated : 27 Oct 2016
GST Rate Structure - Demerit Goods - Politics of Cess would not work!
Number: 524
Dated : 20 Oct 2016

Taxing Services - First Bone of Contention - How should GST Council arrive at compromise?
Number: 522
Dated : 06 Oct 2016

An extraordinary going by GST Council; More decisions to be made tomorrow
Number: 521
Dated : 29 Sep 2016
First Mega Decision of GST Council - Service Providers & Manufacturers exited from Composition Scheme
Number: 520
Dated : 23 Sep 2016
'Errors' in GST Notifications - Dr Adhia, do not let them snowball into huge embarrassment!
Number: 519
Dated : 18 Sep 2016
GST Roll-out - Dr Adhia, an unstoppable dynamo, sees nothing but ONLY April 1, 2017!
Number: 518
Dated : 15 Sep 2016
Is GST Council going to depend more on Consensus Democracy for efficiency!
Number: 517
Dated : 08 Sep 2016
Hasty Implementation of GST may end up 'eating up' Small & Tiny Businesses!
Number: 516
Dated : 01 Sep 2016
GST Council - A Baby likely to be born with major Legal & Constitutional handicaps
Number: 514
Dated : 18 Aug 2016
Dear FM, Let's not rush into, India can ill-afford semi-cooked GST Laws
Number: 513
Dated : 11 Aug 2016
Small Businesses do not exist for GST Model Law!!
Number: 508
Dated : 07 Jul 2016
GST Model Law - Is India itching for 'under-cooked' reform?
Number: 506
Dated : 23 Jun 2016
Digital Economy - Service Tax - A 'TRIP' worth caring for!
Number: 485
Dated : 28 Jan 2016
Can Betting & Gaming piggyback on GST Bill? - Let's bet on it!
Number: 482
Dated : 07 Jan 2016

2015
Delayed GST is better than flawed one - Does FM really mean it?
Number: 480
Dated : 24 Dec 2015
Passage of GST Bill - FM calls it quits!!
Number: 479
Dated : 17 Dec 2015
Breakdown in GST Caravan - Guard against All Forces
Number: 478
Dated : 10 Dec 2015
Proposed Business Processes under GST call for serious 'polishing'!
Number: 470
Dated : 15 Oct 2015
Pressure builds on GST Balloon but CBEC continues to ...
Number: 463
Dated : 27 Aug 2015
Filibustering by Opposition may help 'refine' delayed GST System!
Number: 460
Dated : 06 Aug 2015
Formation of two more Committees - Does it mean that Centre & States are not GST-ready?
Number: 453
Dated : 18 Jun 2015
Credit Flow in GST Regime - And the Discredit goes to ...
Number: 449
Dated : 21 May 2015
GST Bill half-passed but FM needs to guard against serious fault lines!
Number: 447
Dated : 07 May 2015
GST gets caught in another cycle of birth pangs
Number: 446
Dated : 30 Apr 2015

2014
Has Union Cabinet really put GST Caravan on 'fire'!
Number: 427
Dated : 18 Dec 2014
Central GST roll-out: Has Doctrine of 'ekla cholo re' really prevailed over Jaitley?
Number: 404
Dated : 10 Jul 2014
'GST in India' - A Tale of Three 'Bowls' of Conflict
Number: 395
Dated : 08 May 2014

2013
GST Caught in Womb of Big Questions!
Number: 340
Dated : 18 Apr 2013
GST - States for band rates and no DSA; GST Network 'nets' ownership controversy
Number: 329
Dated : 31 Jan 2013

2012
Let's Talk About Growth-Tonic called GST
Number: 318
Dated : 15 Nov 2012

2011
GST ke liye kuchch bhi karega!
Number: 232
Dated : 24 Mar 2011
Pranab Da Shows Unflinching Determination to GST Roll-Out!
Number: 229
Dated : 03 Mar 2011
Last chance for GST caravans to be back on feet!
Number: 226
Dated : 10 Feb 2011

2010
GST: Pranab Da prefers to ride horses of optimism!
Number: 218
Dated : 16 Dec 2010
Political cul-de-sac for GST: Tax reforms - no longer jindabad!
Number: 217
Dated : 09 Dec 2010
GST Roll-out: States fail Indian Economy - Dasgupta proposes 'Interim Arrangement' - FM rejects it
Number: 207
Dated : 30 Sep 2010
GST - Constitutional Amendment Bill - EC again says NO - Will Mr Mukherjee take call to move Bill in Parliament this session?
Number: 201
Dated : 19 Aug 2010
GST - North Block shows never-die spirit, turns GST Council into recommendatory body to earn States' support
Number: 200
Dated : 12 Aug 2010
Dear FM, GST-boat is not fully rocked; A few quick steps may bring it back on rail!
Number: 199
Dated : 05 Aug 2010
GST roll-out: FM floats 'Fusion Theory' for dual rates; succeeds in roping in purchase tax
Number: 197
Dated : 22 Jul 2010
States to rediscover GST on July 21; Nandan Nilekani to take States through voyage of rediscovery!
Number: 196
Dated : 15 Jul 2010
Centre prepares for 'Flawed GST' with dual rates; All efforts to realise April 1, 2011 deadline
Number: 193
Dated : 24 Jun 2010
GST - Major Breakthrough - Centre & States almost-agree for Rs 10 lakh exemption threshold limit
Number: 189
Dated : 27 May 2010
GST - 'Pati, Patni & Woh' syndrome - Episode II
Number: 188
Dated : 20 May 2010
GST - When 'Pati, Patni & Woh' are in agreement, why is the delay?
Number: 187
Dated : 13 May 2010

2009
Finance Commission Task Force Report on GST - The Enemy within!
Number: 166
Dated : 17 Dec 2009
GST roll-out: Dual rate for goods and services may lead to systemic duel!
Number: 162
Dated : 19 Nov 2009

GST roll-out: State fiscal jingoists succeed in proving April 1st as 'Fool's Day'!
Number: 161
Dated : 12 Nov 2009

GST White Paper all set to be unveiled but will it really demystify it?
Number: 158
Dated : 22 Oct 2009
Does GST mean 'Go Slow Tax' reform for States in India? - A case for Single GST
Number: 142
Dated : 02 Jul 2009
Congress manifesto promises GST by 2010! - Is it hinting at restoration of higher excise duty and service tax rate?
Number: 128
Dated : 26 Mar 2009