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GST data unearths tax leakage, fraud
News & FAQs | By ALOK PATNIA | Last updated on Jul 2, 2018
The government’s indirect tax department has identified “thousands of crore rupees” in tax leakage as it strengthens its data analytics c...
Simplifying GST structure is the focus
News & FAQs | By ALOK PATNIA | Last updated on Jul 2, 2018
It has been a year since the landmark goods and services tax (GST), which converted India into a single market, was implemented. Although...
After 1 year of GST, these are the sectors that still await benefits
News & FAQs | By ALOK PATNIA | Last updated on Jul 2, 2018
The one year of the GST regime, India’s biggest tax reform since Independence may have seen rapid transformation in many areas of trade a...
Centre defers reverse charge mechanism till September 30
News & FAQs | By ALOK PATNIA | Last updated on Jun 30, 2018
The government has further deferred the reverse charge mechanism under goods and services tax to September 30. Under this mechanism, GST ...
More GST rate cuts can be expected
GST & Other Indirect Taxes | By ALOK PATNIA | Last updated on Nov 22, 2019
Months after the Goods and Services Tax (GST) Council rejigged rates of 29 items and 53 services, it may again bring down rate of several...
IT industry hopeful of GST-related issues resolution
News & FAQs | By ALOK PATNIA | Last updated on Jun 29, 2018
The Indian information technology industry, even with its limited exposure to the India market, had some impact from the goods and se...
Govt may further lower GST rates, review high-tax items
News & FAQs | By ALOK PATNIA | Last updated on Jun 29, 2018
The government is looking to further lower goods and services tax (GST) in the coming months, starting with construction material such as...
Govt to include natural gas, jet fuel under GST in next Council meeting on July 21
News & FAQs | By ALOK PATNIA | Last updated on Jun 27, 2018
Petrol and diesel prices will continue to burn a hole in your pocket as the government has no immediate plan to include it under the GST ...
GST provisions on TDS/TCS, reverse charge mechanism deferred by 3 months
News & FAQs | By ALOK PATNIA | Last updated on Jun 27, 2018
The revenue department has decided to keep in abeyance GST provisions relating to reverse charge mechanism, tax deducted at source (TDS) ...
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