https://www.taxtmi.com/article/detailed?id=10666 Recent GST developments report sustained buoyant collections and increased direct tax receipts. The Supreme Court ruled that bidders bear responsibility for declaring the HSN code and GST rate in tenders and ordered transmission of contract award details to jurisdictional officers. The Court also held the Insolvency and Bankruptcy Code limits Customs authorities' recovery powers during moratoriums, preventing sale or confiscation under the Customs Act. CBIC issued guidelines for prosecution under section 132 CGST, specifying sanctioning, monetary thresholds, monitoring, compounding and withdrawal procedures, while anti-profiteering scrutiny of GST-related price hikes continues. en-us Mon, 05 Sep 2022 07:25:28 +0530 Mon, 05 Sep 2022 07:25:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10666 Recent GST developments report sustained buoyant collections and increased direct tax receipts. The Supreme Court ruled that bidders bear responsibility for declaring the HSN code and GST rate in tenders and ordered transmission of contract award details to jurisdictional officers. The Court also held the Insolvency and Bankruptcy Code limits Customs authorities' recovery powers during moratoriums, preventing sale or confiscation under the Customs Act. CBIC issued guidelines for prosecution under section 132 CGST, specifying sanctioning, monetary thresholds, monitoring, compounding and withdrawal procedures, while anti-profiteering scrutiny of GST-related price hikes continues. Articles Goods and Services Tax - GST Mon, 05 Sep 2022 07:25:28 +0530 https://www.taxtmi.com/article/detailed?id=10666