HUL considering legal options against GST anti-profiteering authority order

GST & Other Indirect Taxes | By ALOK PATNIA | Dec 27, 2018

India’s largest consumer goods company Hindustan Unilever Ltd (HUL) said on Wednesday that it would consider “legal options&#...

Decoded for VC: Maximize return from Startup Investment

Corporate Law & Intellectual Property Rights | By CS Niladree Chakraborty | Dec 24, 2018

Due Diligence is a more common term used than conducted and a report suggests that many time investors fail to gain returns due to inappr...

GST Council to consider 5% GST on under-construction homes 

GST & Other Indirect Taxes | By ALOK PATNIA | Dec 24, 2018

      Source: Economic Times   __________________________________________________________________________________________________________...

31st GST Council Meeting – Big relief on cards for startups and emerging businesses; ‘Santa’s gif...

GST & Other Indirect Taxes | By ALOK PATNIA | Dec 22, 2018

Goods and Services Tax Council’s 31st meeting headed by Finance Minister Arun Jaitley took place today at New Delhi and certain major rel...

Overview on GST Annual Return, Reconciliation of Statement & Audit

GST & Other Indirect Taxes | By ALOK PATNIA | Dec 22, 2018

In any taxation statute, periodical reporting to the tax authorities is the backbone of the tax structure, GST being no exception. Soon a...

GST Council to meet in New Delhi today amid expectations of rates cut on several items

GST & Other Indirect Taxes | By ALOK PATNIA | Dec 22, 2018

Goods and Services Tax (GST) Council will meet in New Delhi today amid heightened expectations that the panel will cut rates on several i...

GST Department serves notice as traders default on filing

GST & Other Indirect Taxes | By ALOK PATNIA | Dec 22, 2018

About 25 per cent of the total 2.79 lakh business houses in the state registered under the GST have defaulted their return filing. The tr...

Business Intelligence and Analytics to be used by the Government now to detect tax evasion in GST

GST & Other Indirect Taxes | By ALOK PATNIA | Dec 22, 2018

  The government will use Business Intelligence and Analytics to improve the GST network and detect the cases of mismatch and tax evasion...

As per DIPP, startups required to seek tax exemption from inter-ministerial board 

Corporate Law & Intellectual Property Rights | By ALOK PATNIA | Dec 21, 2018

  Amid concerns being raised by budding entrepreneurs on angel tax, the commerce and industry ministry said Thursday that startups need t...

No Relief for Informal/MSME Sector under GST as of now

GST & Other Indirect Taxes | By ALOK PATNIA | Dec 21, 2018

Prime Minister Modi on December 18 indicated that Goods and Services Tax (GST) will be reduced from the present 28 per cent to 18 per cen...

No GST relief for 5-star luxury hotels 

GST & Other Indirect Taxes | By ALOK PATNIA | Dec 21, 2018

There will be no tax relief for five-star luxury hotels as the GST Council is unlikely to reduce the 28% GST tax on luxury hotels with ta...

Income Tax dept taking action against refund claims based on bogus investments

GST & Other Indirect Taxes | By ALOK PATNIA | Dec 20, 2018

The Income Tax department has introduced additional checks to prevent outgo towards bogus refund claims based on fraudulent investments s...

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