GST UPDATE

Desk of CA. Praveen Sharma

Series- 411

GST Updates

1- The Council accepted recommendations of reports of two Groups of Ministers (GoMs) — ‘GoM on Capacity Based Taxation and Special Composition Scheme in Certain Sectors on GST’ and ‘GoM on GST Appellate Tribunal’.

2- GST Council likely to decide on common audit manual for Centre, states.

3- The Aurangabad Bench of the Bombay High Court has held that the provisions of the GST enactment cannot be interpreted so as to deny the right to carry on trade and commerce to any citizen or subject.

4- The government will consider and then place industry’s demand to shift the GST levy on purchase of scrap metal to a reverse charge mechanism before the GST Council, in view of the operational difficulties and legal disputes arising from non-compliance by the informal sector scrap dealers who often fail to deposit GST dues collected from larger buyers.

Regards

CA. Praveen Sharma

https://chat.whatsapp.com/FmAfpAUsnyc0WoiFUv5cSh