Standard procedure for GST profiteering complaints soon 

News & FAQs | By ALOK PATNIA | Jan 8, 2018

Faced with increasing number of complaints under the anti-profiteering rules, the Finance Ministry will soon come out with a standard ope...

Companies urge government to reduce GST on digital cameras

News & FAQs | By ALOK PATNIA | Jan 8, 2018

Sony, Canon and Nikon called on the government to remove digital cameras from the highest goods and services tax (GST) slab of 28%, citin...

What does Tag-along and Drag-along rights mean in Term Sheet Agreement?

Corporate Law & Intellectual Property Rights | By Soumik Kumar Sen | Jan 6, 2018

As a startup consultant, I have reviewed various types of term sheets for startup funding. The most common clause that I have found in Te...

Indian Bitcoin Exchanges Seek Clarification Over Tax Liabilities

News & FAQs | By ALOK PATNIA | Jan 6, 2018

Indian bitcoin exchanges are raising questions over the applicability of goods and service tax (GST) to their operations. Seven bitcoin e...

Government begins GST raid on jewellers as tax mop-up slips 

News & FAQs | By ALOK PATNIA | Jan 6, 2018

Suspecting large-scale evasion, the government has got into action as collection of Goods and Services Tax is declining. In the first cas...

Govt notifies 1% GST on manufacturers under composition scheme

News & FAQs | By ALOK PATNIA | Jan 3, 2018

The government has notified lower 1 percent GST rates for manufacturers who have opted for composition scheme as well as easier norms for...

GST anti-profiteering notices sent to McDonald’s franchisee, Lifestyle, Honda dealers

News & FAQs | By ALOK PATNIA | Jan 3, 2018

The investigation arm of the Revenue Department has sent notices under the Goods and Services Tax (GST) anti-profiteering law to three en...

Arun Jaitley  says no single rate for all items under GST

News & FAQs | By ALOK PATNIA | Jan 3, 2018

The government today ruled out having a single rate for all commodities under the Goods and Services Tax (GST) saying items like food pro...

Government suspects GST leakage via SME scheme

News & FAQs | By ALOK PATNIA | Jan 2, 2018

The government suspects that its composition scheme meant to ease life for small businesses is being misused with the average quarterly t...

Government relaxes norms for rectification of returns under GST 

News & FAQs | By ALOK PATNIA | Jan 2, 2018

The Finance Ministry has permitted businesses to rectify mistakes in their monthly returns – GSTR-3B – and adjust tax liabili...

Govt moves to crack down on tax evasion under GST regime

News & FAQs | By ALOK PATNIA | Jan 2, 2018

Suspecting massive tax evasion under the goods and services tax (GST) regime, the government is banking on the new e-way bill system as w...

E-Way Bill System under GST to Roll Out From February 1

News & FAQs | By ALOK PATNIA | Jan 2, 2018

The GST provision requiring transporters to carry an electronic waybill or e-way bill when moving goods between states will be implemente...

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