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The Goods and Services Tax (GST) Council, the apex decision-making body for the new federal indirect tax system, held a two-day summit meeting in Srinagar,

The underlying objective of this rate fitment has been clear for some time, which is to maintain the current effective indirect tax burden (Centre and

India’s final goods and services tax design has four rates for goods and services, plus cesses, but excludes petroleum, electricity, real estate (except in the

The RBI will increase the number of members in the oversight committee which presides over the restructuring proposals and also expand the scope of the

So why precisely has the government signed off on this spaghetti tangle of rates? What could be so important that India’s most important tax reform

तुमच्या नोकरीचं ठिकाण, कामाचं स्वरुप किंवा नोकरीशी संबंधित काही माहिती तुम्ही सोशल मीडियावर टाकता? असं करत असाल तर वेळीच सावध व्हा. ही माहिती शेअर करणं

वस्तू आणि सेवाकराबाबतच्या (जीएसटी) परिषदेने श्रीनगर येथील बैठकीद्वारे केलेल्या दरनिश्चितीने शिक्षण, आरोग्य आदी मूलभूत सेवांना करातून वगळले असले आणि आणखी काही वस्तू वा सेवांवरील कर

May 21, 2017: Every time my 65-year-old aunt visits the private bank in her neighbourhood, she is met with scowls and smirks from the staff

The GST Council crossed the Rubicon last Friday when it agreed upon the rates applicable on 500 services and about 2,000 goods. While the rate

India is under pressure to agree to eliminate import duty on at least 90 per cent of its traded goods as part of the Regional

The rate of tax on goods was largely on expected lines, except the fact that about 19% of the items have been classified under the

This could change with the advent of GST, which is expected to be more beneficial for small-city players, looking beyond the short-term implementation challenges. While

How to avoid GST-related litigation The expectation is that tax litigation will reduce significantly under GST. This is because the credit chain is seamless and

he most crucial macro-economic question that needed to be answered was the impact of the GST on prices, the headline inflation rate — and thus

The suspense on what had piqued interest across industries in India in the recent times has finally been lifted with the announcements made on the

It is welcome that the GST Council has finalised the rates of the new tax for most goods and services. They must quickly finalise the

With the recent approval of central GST laws and rules by the lower house and the GST Council respectively, implementation of GST in India from

Harmonisation of the existing indirect tax system by replacing it with a uniform GST has been one of the key priorities of the Indian government.

Consumers who may have missed the recent mobile phone offers on Amazon and Flipkart need not lose heart as more such discounts are expected in

small-scale vendors registered on ecommerce sites such as Airbnb, Flipkart and Amazon will have to pay tax upfront under the goods and services tax (GST)