Rajat Mohan News Today

Instant mixes, including idli, dosa and khaman flour, cannot be classified as chhatua or sattu and 18 per cent GST should be levied on them, the Gujarat Appellate Authority for Advance Ruling (GAAAR) has ruled. Gujarat-based Kitchen Express Overseas Ltd had approached the AAAR against the ruling

New Delhi: The CBIC has said the Principal Commissioner or commissioner level officers can issue directions to recover GST dues before the stipulated

India Business News: Telecom companies to pay GST with spectrum charges in instalments at DoT's auction. Various bands included. Base price set at Rs 96,317 crore.

All the available spectrum in the 800 MHz, 900 MHz, 1,800 MHz, 2,100 MHz, 2,300 MHz, 2,500 MHz, 3,300 MHz, and 26 GHz bands are part of the auction

The clarification will end confusion among field formations regarding the method for collection of GST in the auction process.

It is popularly used to calculate indexed cost of acquisition, while calculating capital gains at the time of sale of any capital asset

The Cost Inflation Index (CII) is used by taxpayers to compute gains arising out of sale of capital assets after adjusting inflation.

GST authorities are developing a mechanism to address taxation and registration issues for shared warehouses used by e-commerce companies, where multiple suppliers store goods for last-mile delivery. This issue arises because suppliers have geo-tagged these warehouses as their additional place of business under GST rules, raising concerns of potential fraudulent registrations and the risk of holding warehouses accountable for individual supplier defaults.

The law committee under the GST Council comprises officers from central and state taxes

GST News: "We are working to see whether a shared workplace or coworking space concept can be implemented for the warehouses maintained by e-commerce companies to store goods of multiple suppliers," the official told PTI. Under Goods and Services Tax (GST) law, suppliers to an e-commerce platform can store their goods at a common warehouse. However, the suppliers in their GST registration are required to show the warehouse as an additional place of business.