No GST on penal charges levied by banks, NBFCs and other regulated entities on loans, clarifies CBIC
The government has clarified that no bank, NBFC, regulated entities (REs) can charge Goods and Services Tax (GST) on penal ...
Tax Guru3h
GST not Payable on liquidated damages for breach of exploration obligations
The case involved the termination of a Production Sharing Contract (PSC) for petroleum exploration in the Joint Petroleum Development Area (JPDA) shared by Timor-Leste and Australia. The Gujarat ...
Liberal Leadership Candidate Gould Wants To Hike Corporate Taxes, Slash Gst
Former Liberal House leader Karina Gould says if she becomes prime minister, she'll lower the GST by a full percentage point for a year to give tax relief to Canadians who are financially struggling.
Tax Guru16h
Retrospective Cancellation of Supplier’s GST Registration Doesn’t Invalidate Recipient’s ITC Claim: Calcutta HC
Whether the Show Cause Notice (SCN) issued under Section 74 of the CGST and WBGST Act is valid, given the petitioners’ claims that they fulfilled all requirements for ITC and the suppliers’ GST ...