Category: GST

A cross-spectrum of companies has found themselves at the receiving end of notices by the directorate general of anti-profiteering (DGAP) for not passing on the benefits under

Small restaurants can’t charge GST from customers if they have opted for the composition scheme. Authorities plan to crack down on small restaurants and B2C companies after customers using

GST officers are working on a system where businesses above a certain turnover threshold will have to generate ‘e-invoice’ on government or GST portal for

Under GST, the tax levied on consumption of goods or rendering of service is split 50:50 between the centre (CGST) and the state (SGST) Businesses

In yet another simplification, the Goods and Services Tax (GST) Council has added flexibility into the way a company can utilise the available input tax

Businesses that use the composition scheme to pay GST can file ‘self-assessed tax’ return on a quarterly basis in a simplified form, the finance ministry has said. Businesses had

Under Indian law, companies had to pass on the benefits to customers after the government reduced GST to 18 percent from 28 percent. Indian tax

In a ruling, Uttar Pradesh AAR had termed AMC as a ‘composite contract’ that includes supply of services and goods both, and held it will

The Finance Ministry has introduced changes in the e-way bill system, including auto calculation of distance based on PIN codes for generation of e-way bill and blocking

There are 1.21 crore businesses registered under Goods and Services Tax (GST), of which 20 lakh are under composition scheme. Giving relief to composition scheme taxpayers under

Non-filers of GST returns for two straight months will be barred from generating e-way bills for transporting goods effective June 21, the finance ministry said. Businesses under GST composition scheme, however,

The Directorate General of Anti-Profiteering has reportedly charged Procter & Gamble India with alleged ‘profiteering’. The company is accused of not passing on about Rs.

The CBIC has notified the simplified ?statement for payment of self-assessed tax? in Form GST CMP08 to be filed by taxpayers who have opted for

In yet another simplification, the Goods and Services Tax (GST) Council has added flexibility into the way a company can utilise the available input tax

Once payment is made from such electronic credit ledger, the government gets a right over the money available in the ledger. The Telangana high court

The indirect tax department that had arrested many promoters for circular trading and escaping goods and services tax may have to rethink its strategy after the Mumbai High Court