Category: GST

Alarmed by a nearly four-fold rise in GST compensation to states for June-July, the FinanceNSE -1.85 % Ministry is crafting a strategy to shore up tax revenues and engaging

By Archit Gupta The erstwhile indirect tax structure always left a broad scope for tax evasion. With the implementation of GST, transparency and ease in tax

The Government, on September 4, 2018, notified the format for filing annual return for both regular dealers (GSTR-9) and composition dealers (GSTR-9A). The new annual return is

Tilak Raj Bathla’s tiny weaving factory is one of the few still humming on a once busy road in the northern city of Panipat, known

GST follows the value-added tax (VAT) mechanism, where tax is payable on every value-add in the supply-chain (either supply of goods and / or services)

via Finance Ministry simplifies GST refund claim process for businesses – The Economic Times

The finance ministry has notified annual tax return forms for businesses registered under the GST, in which details of sales, purchases and input tax credit (ITC) benefits accrued to them during

Charitable trust liable to pay GST in Maharashtra, rules AAR Goods and services provided by charitable trusts for a consideration would classify as supply, making

via Sale of religious books, DVDs to attract GST: AAR – The Economic Times

A government official, however, played down the concerns saying the interpretation being drawn is erroneous. A seemingly missing provision from the fine print in the

The Central Board of Indirect Taxes and Custom (CBIC) is likely to issue a clarification soon on applicability of Goods and Services Tax (GST) on

Recently, the finance minister of a state, who was also responsible for designing the GST and is now a member of the GST Council, made a remark that some

Tax experts fear that just like the earlier tax regime companies may face dual tax demands from state and central revenue authorities. In what may

The Finance Ministry is considering an amendment in the law to raise penalties against companies that fail to pass on GST rate cuts to consumers.

After the introduction of GST, the powers of the State governments and other regional authorities to raise additional taxes became limited as most of these

Q. We have installed capital goods imported under the EPCG scheme in our Unit-1, the address of which is mentioned in the authorisation and bill of entry. Now, we