Ecommerce major Flipkart has come under a preliminary tax probe over allegations that the Walmart-owned online marketplace has tweaked its billing practices to reduce its goods and services (GST) tax liability, according to a report published by Mint.
At least six major donut and bakery chains, including Dunkin’ Donuts and Mad Over Donuts are under scrutiny from Goods and Services Tax authorities over the classification of their services as authorities argue that these businesses do not qualify as restaurant services, which are taxed at 5% GST, according to people familiar with the matter.
The central government’s rollout of automated scrutiny of Goods and Services Tax (GST) returns this week could lead to assessees…
The Finance Minister directed CBIC to introduce its automated GST return scrutiny by next week and to implement an action plan to increase the taxpayer base through enhanced use of technology.
The Goods and services tax (GST) authorities have informed the insurance regulator about alleged malpractices by more than a dozen…
