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| June 2022 (Week 3) | ||
GST NEWS BULLETIN
ITC can be availed on IGST paid on Imports for both Intra and Inter-state Sales: Telangana AAR
M/s. Euroflex Transmissions (India) Private Limited (applicant) wanted to supply imported goods directly from the port of importation to customers located throughout India, rather than bringing such goods to their registered premises in the state of Telangana and issuing a tax invoice from the Telangana location.
There might be an extension of the applicability of GST compensation to states for the next 3-5 years
Former West Bengal minister Amit Mitra has written to Union Finance Minister Nirmala Sitharaman, urging her to continue with the Goods and Services Tax (GST) compensation to states for another 3-5 years after it’s last month of applicability i.e. June, 2022. The extension of the compensatory arrangement will provide a big relief to the states.
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