Category: GST

Finance Minister Arun Jaitley and his entire team deserve compliments for implementing a very significant and complicated tax reform smoothly and with such fine results.

Revising GST returns should be permitted “Can I pay excess amount of tax in relation to the amount in my liability ledger to avoid penalty

When the goods and services tax (GST) regime was introduced on July 1, 2017, a major apprehension was that the trade and industry was not

As many as 2,964,653 filers had submitted returns for July under the goods and services tax (GST) regime by the Friday evening. Friday was the

The government has collected goods and and service tax (GST) amount of Rs 50,000 crore so far with 20 lakh assessees having filed an interim

  At a ‘GST Talk’, organised by The Hindu and BusinessLine in association with the Kerala Management Association in Kochi, representatives of advertising agencies put

Goods procured in Mumbai and transferred to Mumbai High will attract IGST Upstream oil and gas companies can avail an input tax credit (ITC) on

By Tejas Goenka One of the sea changes brought about by the GST era is the way we determine the value of goods and services.

About a million taxpayers have opted for a scheme that will benefit small businesses in the goods and services tax (GST) regime by allowing easier

What is Goods and Services Tax? Is it better for us or worse? Why do they say it’s ‘one nation one tax’, when there are

There is no clarity on revision of TRAN 1 and there would be interest implications in case of excess credit claim hence, most taxpayers would

A top conglomerate may have to shell out a bit extra in advance tax this quarter due to an unusual glitch in the tax returns

Compliance in the GST regime involves filing a bewildering array of forms with unique alphanumeric identities. As the date for filing the first return in

The slowdown in exports may mark the beginning of trouble ahead, said exporters a month and half after the goods and services tax (GST) rollout.

LPG, kerosene, jewellery and currency are among the common use items that have been exempted from the requirement of obtaining electronic permits for transportation under