News & FAQs

GST council likely to slash tax on 80 per cent items of top rate slab: Sushil Modi 

News & FAQs | By ALOK PATNIA | Nov 9, 2017

Bihar Deputy Chief Minister Sushil Kumar Modi, who is also a member of the GST council, today said tax rates on 80 per cent items of top ...

Advisory Group to discuss ways to simplify GST for traders 

News & FAQs | By ALOK PATNIA | Nov 9, 2017

The Advisory Group to the Law Review Committee of GST Council will meet here tomorrow to discuss the proposed amendments in rules and mak...

Hopes rise over GST Council meeting

News & FAQs | By ALOK PATNIA | Nov 9, 2017

Likely to bring 80% of goods from 28% to 18% bracket, offer lower rates on composition scheme and simplify filing norms. The Goods and Se...

Major rejig in GST rates for goods in 28% slab on anvil

News & FAQs | By ALOK PATNIA | Nov 7, 2017

In a comprehensive overhaul of the four-month-old goods and services tax (GST), the Centre and states are reviewing nearly half of items ...

Council to consider slashing GST on common use goods

News & FAQs | By ALOK PATNIA | Nov 7, 2017

The all-powerful GST Council may consider lowering tax rates on a host of goods such as handmade furniture, plastic products and daily us...

GST could soon be in for the most comprehensive tweak since its launch 

News & FAQs | By ALOK PATNIA | Nov 6, 2017

The goods and services tax could be in for a revamp that’s more comprehensive than the tweaks that have been made thus far to iron out ki...

Corporate Affairs ministry considering multiple changes to Insolvency and Bankruptcy Code 

The corporate affairs ministry is considering multiple changes to the Insolvency and Bankruptcy Code, including ways of ensuring that the...

Ease of business ranking improvement to help investments in India’

News & FAQs | By ALOK PATNIA | Nov 4, 2017

Global corporate honchos today said an “impressive” jump in India’s position in the World Bank’s ease of doing bu...

CBDT further extends due date for filing of ITRs and Tax Audit Reports to November 7, 2017

News & FAQs | By ALOK PATNIA | Nov 1, 2017

The Central Board of Direct taxes has further extended the ‘due date’ for filing Income-tax Returns and various reports of audit prescrib...

Nearly 17 lakh companies registered till September end 

News & FAQs | By ALOK PATNIA | Nov 1, 2017

  Nearly 17 lakh companies had been registered in India as of last month, out of which a little over 5.32 lakh entities had closed down, ...

Next big GST move could reduce prices of many items 

News & FAQs | By ALOK PATNIA | Nov 1, 2017

India could review the application of the highest 28% slab under the goods and services tax (GST) and consider imposing a lower rate on i...

Panel suggests making GST inclusion in MRP mandatory

News & FAQs | By ALOK PATNIA | Nov 1, 2017

GoM has recommended that the government make it amply clear in the present GST law that MRP is the maximum price of a product to be sold ...

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