KSA Infomatrix

Finance Minister Arun Jaitley has proposed additional cess on select commodities under GST to raise funds to help Kerala tide over the damages caused due to floods, a state minister said Friday. The proposal of levy of cess is expected to come up for discussion at the GST Council meeting on September 28.  "Kerala welcomes the suggestion of hon'ble FM for a national level cess on selected commodities for a specified period to help such states. GST Council to discuss," Kerala Finance Minister Thomas Isaac said in a tweet.  Isaac was of the view that GST should be made flexible to take care of "unforeseen urgent demand for resources as in the case natural calamities".  The issue regarding additional cess for funding rehabilitation activities in flood-hit Kerala was discussed Thursday during a meeting of Isaac with Jaitley.  Isaac has also pressed for additional funds from the Centre to rebuild the state, which is estimated to have suffered a loss ...

Goods and services provided by charitable trusts for a consideration would classify as supply, making it liable for GST, the authority of advanced ruling (AAR) for GST in Maharashtra has ruled. Goods and services provided by charitable trusts for a consideration would classify as supply, making it liable for GST, the authority of advanced ruling (AAR) for GST in Maharashtra has ruled. The ruling further states that trusts would need to register under GST if its annual turnover was above the threshold of Rs 20 lakh. The trust in its application argued that since its main activity was that of a charitable trust engaged in spreading religious knowledge by organising camps (satsang, shibirs), its ancillary activity of selling religious material in the forms of books, CDs, DVDs, pamphlets and statues shouldn’t be considered as business. AAR rejected the trust’s contention saying that some of its activities — providing accommodation for participants in camps and sale of merchandise...

The government is planning to compare data filed by companies with different departments to detect discrepancies and check whether there’s been any leakage in tax collected, raising the prospect of even greater scrutiny, said people with knowledge of the matter. Goods and services tax (GST) returns, income tax filings and transfer pricing submissions will be analysed and synchronised in a manner that hasn’t been possible before, they said.  Source: https://economictimes.indiatimes.com/news/economy/policy/government-to-vet-gst-income-tax-and-transfer-pricing-filings-to-find-leakage/articleshow/65584614.cms