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News & FAQs
India Inc may get relief in GST transition credit in Budget 2018
News & FAQs | By ALOK PATNIA | Jan 11, 2018
In a bid to provide relief to companies, the government is likely to extend deadline for the Goods and Services Tax (GST) transition tax....
Officers panel to finalise changes in GST laws and rules today ahead of council meet on Jan 18
News & FAQs | By ALOK PATNIA | Jan 11, 2018
Deferment of some of the key features under GST, including reverse charge mechanism (RCM), tax deducted at source (TDS) and tax collected...
Budget 19: Simplified GST returns might be introduced
News & FAQs | By ALOK PATNIA | Jan 11, 2018
In an effort to simplify the process of goods and services tax (GST) returns, ministry of finance is looking to bring about changes in GS...
Is handmade butter a handicraft item? GST council to meet soon to fix new anomaly
News & FAQs | By ALOK PATNIA | Jan 10, 2018
Is handmade butter a handicraft item? Should wooden furniture qualify as handicrafts? The upcoming Goods and Services Tax Council meeting...
Trial Launch Of GST E-Way Bill Scheduled In January
News & FAQs | By ALOK PATNIA | Jan 9, 2018
Under the roll out of Goods and Services Taxes (GST) last year, transporters are required to carry an electronic waybill or e-way Bill wh...
Considering incentives for states promoting exports: Suresh Prabhu
News & FAQs | By ALOK PATNIA | Jan 9, 2018
The commerce and industry ministry is mulling incentives for states which play a proactive role in promoting exports as it will help boos...
CII says greater clarity needed in anti-profiteering rules
News & FAQs | By ALOK PATNIA | Jan 9, 2018
Industry body Confederation of Indian Industry (CII) has called for a greater clarity in the anti-profiteering rules of the goods and ser...
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...
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