A tax official said GSTR-2B is also expected to help the department to effectively implement its policy of restricting credit…
According to the GST law, aggregate turnover refers to the total value of all taxable supplies (excluding the value of…
However, before the clarification was issued, taxpayers had construed the missing July 2017 data as a sign that GSTN would…
During the lockdown period, many businesses had seen long delays in getting their GST registration confirmed, and found no help…
“A lot of things would depend on the discretion of assessing officer in manual assessment. We have completely revamped it.…
The HSBC account information was received by several governments, including India, the US, the UK, Canada and Australia, after a…
In its October 2017 meeting, the GST Council decided that the notifications, circulars and orders which are issued by the…
Last year (FY20), nominal GDP growth was around 7.5% but the domestic GST collection, leaving aside the import part as…
The account of a successful family business also becomes a lesson in entrepreneurship.
What has inflated the compensation requirement is a sharp fall in revenue in April-May due to the Covid lockdown: the…
While the cause of delay wasn’t clear even to individual tax officials FE spoke with, a central tax official said…
The levy is often referred to as ‘Google tax’ and is applied at the rate of 6% on payments for…
CRISIL predicts India’s growth to fall off the cliff and contract 5% in fiscal 2021, mowed down by the Covid-19…
Faced with the challenge of providing relief to migrant labourers stuck in other states during April — before transportation became…
Apart from the Centre and states which have raised their market borrowing plan for the current fiscal year amid a…
However, some experts said instead of GST waiver across the board, an exemption on certain essential items could be implemented.
Furthermore, keeping GST in abeyance would allow imports to gain an unfair advantage over domestically manufactured goods, they felt.
Bihar has estimated that relief measures so far in the wake of Covid-19 stand at a minimum of Rs 5,000…
