Interest, late fee and penalty will be waived for companies with a turnover up to Rs 5 crore. The government on March 24 announced extension of the last date for filing GSTR-3B for Goods and Services Tax (GST) for March, April and May to June 30. “Others can file returns due in March, April and […]
Addendum to MNRE’s Letter Dated 12.03.2020 Regarding GST & Safegurad Duty On Import Of Solar PV Cells
Addendum to MNRE’s Letter Dated 12.03.2020 Regarding GST & Safegurad Duty On Import Of Solar PV Cells For more information please see below link:
Petition seeking approval of Change in Law events due to enactment of the GST Laws
Petition under Section 79 of the Electricity Act, 2003 read with Article 12 of the Power Purchase Agreement dated 31.5.2017 executed between the Petitioner and Solar Energy Corporation of India Limited for seeking approval of Change in Law events due to enactment of the GST Laws For more information please see below link:
Budget 2020 | Reduction in GST tops demands of auto industry
Manufacturers have suggested a slew of measures to the Finance Minister with a hope to see a turnaround in coming months Reduction in the Goods & Services Tax (GST) tops the budget wish-list of the beleaguered automobile industry. Last year, the industry recorded its worst-ever sales decline in two decades as a variety of factors […]
Cut GST on lithium-ion batteries: IESA
Energy storage industry body calls for funding support for research and manufacturing Hyderabad: The electric vehicles (EV) market in India has gained momentum. The total EV sales in 2019 hit around 4.98 lakh units and expected to grow at a CAGR of 36 per cent by 2026. The EV battery market is estimated to be […]
In The Matter Of: Seeking approval of Change in Law events due to enactment of the GST Laws
IN THE MATTER OF: Petition under Section 79 of the Electricity Act, 2003 read with Article 12 of the Power Purchase Agreements executed between Petitioners and the Respondents, for seeking approval of Change in Law events due to enactment of the GST Laws. For more information please see below link:
Centre, States facing Rs 20k crore revenue loss due to flaws in GST rate structure
New Delhi: The Central and the state governments together are facing a Rs 20,000 crore revenue loss due to refunds claimed by companies on account of flaws in the GST rate structure, according to the findings disclosed by states and other stakeholders to the Committee of Officers. The Committee of Officers was set up in […]
Electric cycles attract 5% GST, ordinary cycles 12% in India
The Modi government has been defending the multi-tiered rates under GST, saying there cannot be one rate given that different segments of society have to be taxed differently, but it has emerged that ordinary bicycles used mostly by the lowincome group people attract 12 per cent GST while expensive electric bicycles are in the […]
Big changes likely in GST rates next week; these items can get expensive
The 5% GST tax slab is the noteworthy one as it includes essential commodities such as food items, footwear and basic clothing. The GST council is expected to increase the tax rate under this slab to 6-8% Your grocery bill is likely to go up soon if the GST council decides to increase the current […]
Parliamentary panel tells MNRE to take GST issue to finance ministry
“Such a situation will lead to increase in generation cost and pose a threat to the viability of the ongoing projects, ultimately hampering the target achievement,” the panel said, adding that MNRE should ensure that “the effective rate of GST on solar power generating systems remain as close to 5% as possible” The parliamentary standing […]