Stay updated
The GST Council, in its meeting on December 17 is unlikely to take up proposals related with rate and valuation for levying GST on online gaming, casinos and horse racing. “The Group of Ministers (GoM) is yet to submit its…
The Goods and Services Tax (GST) Council in its upcoming meeting is likely to give a breather on no claim bonus under insurance policies, sources privy to the developments told CNBC-TV18. The GST Council, chaired by Union Finance Minister Nirmala…
When GST was launched, the question was “Is the country completely ready for single tax?” While this question remains relevant, there is a need to ask another: We have transitioned to “One nation, one tax”, but at what cost? Five…
Goods and service tax is a revolution in the Indian History There are many aspects in Goods and service Tax and one of the main areas where lot of doubts and question arises is whether GST is attracted on commission…
On a complaint filed by the district GST Department, the police have registered a case against 13 persons who had applied for GST numbers using fake documents. Of the 13, six are from Punjab. A case has been registered under…
The Uttarakhand bench of the GST Authority for Advance Rulings (GSTAAR) has held that the nominal sum recovered from employees for provision of subsidised canteen facilities will be subject to goods and services tax (GST). The ruling came recently in…
Traders of raw cotton in Khammam cotton market are shell-shocked over 28 of them receiving notices from GST department for payment of Rs.33 crore of general sales tax on cotton they had purchased from the market during 2017–18. Following the…
As cryptos lose sheen and exchanges shut shop, a proposal for a detailed and clearer structure for applicability of Goods and Services Tax (GST) on the currency is likely to be put on the backburner. According to the Tax Department,…
Despite repeated reiterations by the Courts or the CBIC, not only the department executives but also the taxpayers somewhere forms an opinion that any activity undertaken between related parties is definitely as supply irrespective of the nature and purpose with…
GST has brought a lot of discipline in the financial dealings of the corporate/individual sector. A company like HUL or ITC cannot sell goods and services without paying GST. It has helped in the white economy, ease of doing business,…