India – National Anti-Profiteering Authority holds a multiplex owner guilty of profiteering in view of the reduction in GST rate

Recently, the National Anti-Profiteering Authority (NAA) held a multiplex owner guilty of profiteering under section 171 of the Central Goods and Service Tax Act, 2017 (CGST Act). The NAA has upheld the allegations of the Directorate General of Anti-profiteering (DGAP) that post reduction in the rate of GST from 28% to 18%, the taxpayer had increased the base price while maintaining the same selling price for the services rendered.

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India – Rajasthan AAR rules that consideration paid to directors of a company will attract GST under RCM in the hands of the company

Recently, the Authority for Advance Ruling (AAR) in the State of Rajasthan has ruled that consideration paid to the directors (in the form of salary and commission) by the applicant company will attract goods and services tax (GST) under reverse charge mechanism (RCM).

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Today’s Webinar on e-invoicing under GST – key updates

Thursday, 12 March 20 | 10.00 am – 11.00 am

In the last two months, the Government of India (GoI) has made considerable changes to the proposed e-invoicing regime (proposed to come into effect from 1 April 2020). There have been changes in the e-invoice schema, frequently asked questions (FAQs), validations to be undertaken as well as application programming interfaces (APIs).

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India: Union Budget – Rebuilding momentun 2020-21

The Indian sentiments on growth mirroring the global pessimism and manifested through distress in the financial sector, lower GST collections and strain on the fiscal deficit was the backdrop in which the Finance Minister tabled the budget proposals for FY 2020-21.

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India – GST Council temporarily extends the present system of filing of returns and export benefits for procurement of goods and recommends implementation of e-way bill scheme in a phased manner from 01 April 2018

In its 26th meeting held on 10 March 2018, the GST Council has decided to extend the present system of compliance for taxpayers for another 3 months up to June 2018, and the export benefits for procurement of goods for another 6 months up to 01 October 2018. Read More »

India – GST Council rationalises GST rates on a wide ambit of goods and services in different sectors and recommends issuance of clarifications on rates and taxability

In its 25th meeting held on 18 January 2018, the GST Council has made many recommendations granting relief on the GST rates applicable on goods and services in many sectors. The Council has also recommended issuance of certain clarifications relating to GST rates and taxability of certain goods and services.Read More »

India – Amendment to the Authorised Economic Operator Programme

In 2016 as a part of the trade facilitation measure, Central Board of Excise and Customs (CBEC) had notified1 a revised Authorised Economic Operator (AEO) programme. The revised programme merged erstwhile Accredited Client programme and AEO programme.Read More »

PwC Global ITX webcast – Update on Indian goods and service tax (GST)

PwC_fl_30mmh_cWe  are delighted to invite you to the next in the series of PwC’s Indirect Tax global webcasts.

Date:   January 30, 2018
Time:  1:00 – 2:00  pm GMT (8 Eastern) 



India’s GST went into effect 1 July 2017. So how are businesses managing compliance? Join PwC’s 30 January webcast:

GST antiprofiteering prep: Is your business ready to comply? Join PwC’s webcast on India’s GST, 30 Jan:

On 30 January, join PwC’s webcast on India’s GST: We’ll be talking compliance, competitiveness, & prep for what’s next:

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India – Government removes requirement of payment of GST on advances received for supply of goods and allows manual filing of refund applications

The CBEC has issued notification nos. 55-66/2017-Central Tax, Circular no. 16/16/2017-GST, 17/17/2017-GST and order no. 9-10/2017-GST, all dated 15 November, 2017. While majority of the amendments give effect to the changes announced in the 23rd GST Council meeting, there are a few other significant relaxations, Read More »

India – Is your business GST compliant? – invitation to a webcast

Finally, the much awaited GST has been rolled out. It is a big step forward for the country, and is one of the most complex GST rollouts worldwide.

However, the big question that lies ahead of us is: Are we ready to comply with GST? Read More »