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Arun Jaitley says that 28% GST slab being phased out
GST & Other Indirect Taxes | By ALOK PATNIA | Jul 28, 2018
Union minister Arun Jaitley said in a blog post on Friday that the 28% category of goods in under the goods and services tax (GST) is bei...
Domino’s Pizza gets notice for not passing on GST benefits
GST & Other Indirect Taxes | By ALOK PATNIA | Jul 28, 2018
The Directorate General of Safeguards (DGS) has served a notice to Jubilant FoodWorks under the GST anti-profiteering rules for allegedly...
Draft GST return forms to be released for public comments by Monday
GST & Other Indirect Taxes | By ALOK PATNIA | Jul 27, 2018
The drafts of new forms for filing GST return will be put in public domain by early next week for stakeholder consultation, a revenue off...
Setting up of the appellate tribunal approved by the GST Council
GST & Other Indirect Taxes | By ALOK PATNIA | Jul 27, 2018
A Goods and Services Tax Appellate Tribunal (GSTAT) will come into effect soon, providing a higher judicial forum for businesses to redre...
Companies need to show new rates on old stock also
GST & Other Indirect Taxes | By ALOK PATNIA | Jul 27, 2018
Consumer durables companies and sanitary napkin makers will have to clearly show new prices even on old stocks lying with their distribut...
Govt extends deadline for filing income tax returns by a month to August 31
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jul 26, 2018
The Central Board of Direct Taxes (CBDT) has extended the due date for filing of Income Tax Returns to August 31, 2018, for categories of...
It could be end of road for permits and inspector raj
GST & Other Indirect Taxes | By ALOK PATNIA | Jul 25, 2018
India could now be looking at doing away completely with permit and inspector raj for vehicular traffic as it looks to create seamless ro...
Paint industry sees 10%-15% growth due to GST reduction
GST & Other Indirect Taxes | By ALOK PATNIA | Jul 25, 2018
The Indian paint industry is projecting higher sales growth ranging between 10% and 15% in fiscal 2018-2019, compared with about 9% growt...
E-commerce companies may get audited – Amazon, Myntra on anti-profiteering watchlist
GST & Other Indirect Taxes | By ALOK PATNIA | Jul 23, 2018
E-commerce companies such as Amazon and Myntra are likely to face an audit by tax authorities to check if they have passed on cuts in...
Only 35 goods in highest tax bracket of GST now
GST & Other Indirect Taxes | By ALOK PATNIA | Jul 23, 2018
The GST Council has pruned the 28 per cent slab by cutting tax rates on 191 goods over the last one year, leaving just 35 items, includin...
#TADSignals – Funding & Investments in the Indian ecosystem – Weekly Report [15th -21st July...
GST & Other Indirect Taxes | By ALOK PATNIA | Jul 23, 2018
1. MoneyOnMobile Is Putting Its Money On Underserved Rural India. It recently announced to infuse $6.2 Mn fund into its Indian subsidiary...
#TADSignals – Happenings in the business ecosystem you cannot miss- Weekly Report [15th-21st July...
GST & Other Indirect Taxes | By ALOK PATNIA | Jul 23, 2018
1. Another positive news came from global e-commerce company Amazon, which is expected to cross $258.22 Bn in US retail sales in 2018, ac...
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