It is being said from long time by government to bring gasoline and diesel under GST. It is being said that if petrol and diesel comes under GST, then it can get great relief to the common people.
Clarification for composition scheme and returns filing, changes in the enabling provisions for RCM and refunds of CESS on goods to be exported are part of about 35 amendments being finalised in GST related laws.
This comes after finance ministry complained of not enough information being shared by taxpayers in the monthly GSTR forms.
The government had last month announced the fortnight-long drive from May 31 to June 14. The Central Board of Indirect Taxes and Customs CBIC extends GST refund fortnight for fast track clearance of pending dues to exporters by two days till 16th June.
The indirect taxes between the ongoing illusions regarding the introduction of Banks charge GST to the customers and customs board and custom have been clarified by issuing notes on Monday. It clearly states that in which situation the bank can recover GST for which services. The dispute was found in GST at the banking facility […]
The CBIC has also allowed clearance of GST refunds based on PAN of exporters if such refunds are held up due to mismatch in GSTIN mentioned in shipping bill and return forms.
The GST Council is likely to bring in two petroleum products – aviation turbine fuel, natural gas under the GST at its next meeting, a senior government official told .