Category: GST

The Revenue Department is planning to integrate e-way bill with NHAI’s FASTag mechanism and DMICDC’s Logistics Data Bank (LDB) services, to facilitate faster movement of

In the popular parlance, it is a practice to consider VAT/GST as a regressive tax compared to Income Tax, which is a progressive tax. This understanding gives a

Businesses are jittery over procedural hassles in filing annual returns under the goods and services tax (GST) regime. These have to be given for part of 2017-18

In what could well turn into a pre-poll relief for traders and businesses, the Centre may opt to delay the rollout of the new format

The Goods and Services Tax (GST) Council may consider one-time amnesty scheme to facilitate exit for ‘nil’ filers and non-filers. “Approximately there are 25 lakh

GST compensation paid to states by the Centre has declined to over Rs 11,900 crore during August-September, an official said. The bi-monthly GST compensation paid

Over 2 lakh assessees have opted out of the Goods and Services Tax (GST) registration as their turnover is below the prescribed threshold. This will

Form GSTR 9 provides for consolidation of monthly or quarterly GST returns, i.e., value of supplies, input tax credits availed and utilised, taxes paid etc.

The concept of goods and services tax (GST) has been modelled along the lines of the value added tax (VAT) system adopted globally. Taking a

In an earlier article about a year back, I had written about some misconceptions regarding VAT & GST. Now I am writing more on the subject. (a) The White

Anti-profiteering provisions under GST emanate from Section 171 of the Central Goods and Services Tax (CGST) Act, which mandates that (i) benefit on account of reduction in effective rate

“Only very few..two or three, including India, Canada and perhaps Australia have dual GST, while the rest have a single, unitary tax,” he said. The

Just after most taxpayers had filed their monthly returns for September comes a press release with no title, number, signature or information as to who

Payments made by foreign companies to liaison offices in the country will not attract GST, Authority of Advance Rulings (AAR) – Tamil Nadu has ruled.