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One-time settlement of VAT, excise disputes in the works
GST & Other Indirect Taxes | By ALOK PATNIA | Aug 3, 2018
India could consider offering a one-time settlement to clear legacy central excise duty and value added tax (VAT) issues to ensure they d...
Sushil Modi says that GST Council may replace 12% and 18% slabs with 14-15% ones
GST & Other Indirect Taxes | By ALOK PATNIA | Aug 3, 2018
The Goods and Services Tax Council might replace the 12 per cent and 18 per cent slabs with a 14-15 per cent one, said Bihar Deputy Chief...
MSMEs may get GST refunds
GST & Other Indirect Taxes | By ALOK PATNIA | Aug 2, 2018
The Goods and Services Tax Council, in its meeting on Saturday, is likely to consider extending some monetary sops to micro, small and me...
Cabinet clears amendments to GST laws
GST & Other Indirect Taxes | By ALOK PATNIA | Aug 2, 2018
The Cabinet today approved GST laws amendments which included hiking threshold limit for availing composition scheme dealers to Rs 1.5 cr...
GST officers arrest 2 businessmen for Rs 201 crore tax evasion
GST & Other Indirect Taxes | By ALOK PATNIA | Aug 2, 2018
GST officers have arrested two city based businessmen for evading taxes worth Rs 201 crore by fraudulently issuing invoices of Input Tax ...
GST evasion worth Rs 3,026 crore detected in 1 year
GST & Other Indirect Taxes | By ALOK PATNIA | Aug 1, 2018
The government has detected GST evasion worth Rs 3,026 crore in the last one year in relation to misuse of input tax credit and non-payme...
GST to have three tax slabs by November 2018
GST & Other Indirect Taxes | By ALOK PATNIA | Aug 1, 2018
After reducing rates of about 90 items in the last GST council meet, the government is planning to go for further simplification of tax r...
Most white goods get cheaper by 8% after GST cut
GST & Other Indirect Taxes | By ALOK PATNIA | Jul 31, 2018
Thanks to the recent reduction in the GST rate from 28% to 18%, washing machines, refrigerators and microwave ovens among a clutch of oth...
Govt unveils draft GST returns forms, seeks public comments
GST & Other Indirect Taxes | By ALOK PATNIA | Jul 31, 2018
The tax department on Monday put up in public domain draft GST returns forms — Sahaj and Sugam — for seeking comments from st...
Half of taxpayer base had the option to stay out, but chose otherwise
GST & Other Indirect Taxes | By ALOK PATNIA | Jul 31, 2018
Over half of the 96 lakh regular taxpayers registered for the goods and services tax (GST) have an annual revenue below the Rs 20-lakh th...
Off-season hotel room rates may drop after GST changes
GST & Other Indirect Taxes | By ALOK PATNIA | Jul 30, 2018
Travellers can look forward to cheaper hotel rooms, especially in off-season periods, with the GST Council granting the industry’s demand...
Micro and small-scale units seek relaxations in GST norms
GST & Other Indirect Taxes | By ALOK PATNIA | Jul 30, 2018
The micro and small-scale units here have sought modifications and relaxations in GST norms to facilitate ease of doing business and bett...
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