News & FAQs

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...

GST Council asks Centre, states to expedite setting up appellate authorities

News & FAQs | By ALOK PATNIA | May 21, 2018

The GST Council has asked the Centre and states to expedite setting up of appellate authorities for aggrieved entities to appeal against ...

Airlines can earn Rs 5,220 crore input tax credit 

News & FAQs | By ALOK PATNIA | May 21, 2018

Airlines can annually earn combined input tax credits of Rs 5,220 crore – more than five times of what they are getting now – if jet fuel...

What does the start-up ecosystem think of the Flipkart – Walmart deal?

Ecosystem Speaks | By Editor | May 20, 2018

This month saw the wake of the largest e-commerce deal – the Flipkart Walmart Deal. The majority of the startup ecosystem hailed this mov...

Govt extends deadline for filing April GSTR-3B by 2 days till May 22

News & FAQs | By ALOK PATNIA | May 19, 2018

The government has extended the due date for filing GST summary sales returns for April by two days till May 22.An official statement sai...

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