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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) ...
Govt plans major GST overhaul after identifying 180 issues
News & FAQs | By ALOK PATNIA | Last updated on Jun 26, 2018
The government is planning a major overhaul in the Goods and Service Tax (GST) as the GST Law Review Committee “has identified arou...
GST Council may cut tax on construction material to 18%
News & FAQs | By ALOK PATNIA | Last updated on Jun 26, 2018
The goods and services tax (GST) Council will consider a proposal to reduce GST rates on more items used in construction to 18% from 28%,...
Dabur sues government for denied tax sops under GST
News & FAQs | By ALOK PATNIA | Last updated on Jun 22, 2018
Dabur has dragged the central and Uttarakhand governments to court for rejecting tax sops for investment in poorer areas promised under t...
Anti-profiteering body questions FMCG, pharma firms on GST prices
News & FAQs | By ALOK PATNIA | Last updated on Jun 22, 2018
The National Anti-profiteering Authority (NAA) is questioning tax heads and CFOs of about 150 consumer goods and pharma companies to find...
Accommodation services by hotels to SEZ employees is inter-state in nature, attract Nil GST
News & FAQs | By ALOK PATNIA | Last updated on Jun 21, 2018
Setting aside recent advance ruling by Karnataka Advance Ruling Authority (ARA), the Central Board of Indirect taxes and Customs (CBIC) h...
Arvind Subramanian says that exempted sectors should come under GST
News & FAQs | By ALOK PATNIA | Last updated on Jun 21, 2018
Arvind Subramanian, who has stepped down as the Chief Economic Advisor (CEA), opined that there are many exempted sectors that should be ...
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