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...
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...
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...
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...
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...
News & FAQs | By ALOK PATNIA | Dec 30, 2017
The government has extended by 10 days the last date for filing of final sales return GSTR-1 till January 10 under the Goods and Services...
News & FAQs | By ALOK PATNIA | Dec 30, 2017
The revenue loss to states on account of GST implementation was Rs 24,500 crore between July-October and the Centre has released compensa...
News & FAQs | By ALOK PATNIA | Dec 30, 2017
The anti-profiteering authority set up to look into complaints of profiteering from the goods and services tax has so far received 169 co...
News & FAQs | By ALOK PATNIA | Dec 30, 2017
The mandatory implementation of the e-way bill system from February 1 for all inter-State movement of non-exempted goods will help boost ...
News & FAQs | By ALOK PATNIA | Dec 29, 2017
To invest or not to invest in bitcoin is something that is troubling every investor these days. Bitcoin is a cryptocurrency and worldwide...
News & FAQs | By ALOK PATNIA | Dec 28, 2017
In yet another unexpected move, the Lok Sabha has approved a bill to hike Cess on luxury vehicles from 15 per cent to 25 per cent. The Ce...
News & FAQs | By ALOK PATNIA | Dec 28, 2017
The Telecom Department has suggested the finance ministry that goods and services tax (GST) on telecom services be lowered to 12% against...