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Fitment committee defers clarification on tax burden for crypto ecosystem. No clarity on GST applicability on crypto exchanges and activities such as mining, barter, wallets, sources. Fitment committee defers clarification on tax burden for crypto ecosystemNo clarity on GST applicability…
The GST Council, scheduled to meet next week in Chandigarh, is likely to discuss a slew of changes, including a change in the goods and services tax rate (GST) for a host of items, to ease compliance for taxpayers, sources…
State GST (investigation) officials have unearthed tax evasion to the tune of crores of rupees by a Perumbavoor gang, which allegedly forged bills using iron scrap dealership as a front and misappropriated input tax. Officials conducted raids at four locations…
The Goods and Services Tax Council is set to discuss a slew of law changes it is looking to introduce, CNBC-TV18 reported. This would include amendments to GSTR-3B the monthly GST return to be filed by taxpayers among others. The…
The Group of Ministers (GoM) on Rate Rationalisation is expected to submit an interim report to the Goods and Services Tax (GST) Council at its June meeting, sources told CNBC-TV18 on Tuesday. The interim report is expected to state that…
India is proposing to transform its narrow export-focused special economic zones (SEZs) into comprehensive economic hubs through several concessions and the easing of restrictions to attract more investment in these areas. Industrial units located in these hubs, which will be…
The Goods and Services Tax (GST) Council in its upcoming two-day meeting is likely to take up the fitment committee’s recommendations which propose raising rates on certain goods and services, including LED lights, lamps, and leather, and also pruning exemptions…
It’s a tough balancing act for the Central government. After giving leeway in the initial years, the Centre in November 2020 started a drive to deal with fraud and evasion It’s a tough balancing act for the Central government. On…
The GST Council on Saturday said the location of its 47th meeting, which will be held during June 28-29, has been changed to Chandigarh, from Srinagar decided earlier. The Council-appointed group on ministers (GoM), headed by Karnataka Chief Minister Basavaraj…
The Central government has recommended disciplinary action against 400 Chartered Accountants (CAs) and Company Secretaries (CSs) for their alleged role in incorporating Chinese shell companies in metropolitan cities by flouting norms and rules, The Hindu has learnt. The stringent action…