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News & FAQs
No GST on free services that banks offer, mutual fund exit load to attract levy
News & FAQs | By ALOK PATNIA | Jun 4, 2018
Free services, like ATM withdrawals, provided by banks to customers will not attract GST, but late payment charges on outstanding credit ...
The Great Startup Dilemma: Bootstrapping vs. Funding
Events | By ALOK PATNIA | May 30, 2018
Alok, the Managing Partner at Taxmantra Global, speaks about how businesses have evolved from “b...
Attend TAD for real meaningful dialogue for founders
Events | By ALOK PATNIA | May 30, 2018
Alok, the Managing Partner at Taxmantra Global, speaks on: 1.We are proud to announce that we have achieved a milestone –...
Agriculturists exempt from GST
News & FAQs | By ALOK PATNIA | May 30, 2018
The finance ministry today clarified that renting or leasing of land by farmers for agriculture, forestry, fishing or animal husbandry is...
Second phase of refunds – fast track clearance drive from Thursday
News & FAQs | By ALOK PATNIA | May 30, 2018
With an estimated Rs 20,000 crore exporters’ refund still stuck, the government will launch the second phase of refund fortnight be...
Online activists intensify rooting for GST on petrol
News & FAQs | By ALOK PATNIA | May 28, 2018
Encouraged by the Union road transport and highways minister Nitin Gadkari’s support to the demand for bringing fuel under GST purv...
GST to be levied on goods stored in customs warehouse only on final clearance
News & FAQs | By ALOK PATNIA | May 28, 2018
The Central Board of Indirect Taxes and Customs (CBIC) has asked its field offices to levy GST on goods in customs warehouse only at the ...
Bringing auto fuel under GST could bring down prices by as much as Rs 29
News & FAQs | By ALOK PATNIA | May 26, 2018
Bringing petrol and diesel under the ambit of the Goods and Services Tax (GST) could reduce the prices of the two petroleum products by a...
Report says cryptocurrency trade may get taxed at 18% GST
News & FAQs | By ALOK PATNIA | May 26, 2018
It seems that the Modi government’s distrust of cryptocurrencies is surpassed only by its keenness to tax that gravy boat. Last Apr...
GST input tax credit scam worth Rs 450 crore busted; fake bills provider still at large
News & FAQs | By ALOK PATNIA | May 24, 2018
The Directorate General of Goods and Services Tax Intelligence (DGGSTI) has reportedly busted a scam that involves businesses issuing fak...
Cancellation of contracts may come with 18% GST rider
News & FAQs | By ALOK PATNIA | May 22, 2018
Payments for nonperformance of a contract would be subject to GST of close to 18 percent. According to a report in The Economic Times, Au...
GST, service tax fraud may cross ₹300 crore
News & FAQs | By ALOK PATNIA | May 22, 2018
The Directorate General of Goods and Services Tax Intelligence (DGGSTI) is estimating the latest alleged service tax and goods and servi...
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