Tag: Tax

Government Raids Two City Malls to Check GST Compliance

Food supplies and consumer welfare department on Thursday conducted raids at some malls.

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GST Council May Take Up Certain Tax Issues at August Meeting

The GST Council, chaired by Finance Minister Arun Jaitley and comprising state counterparts, will meet on August 5 to review.

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Revised MRP Rates Released Under GST (Goods and Services Tax)

There has been a substantial confusion in the change of MRP (Maximum Retail Price) of the goods under GST. According to our sources, with respect to recently released Government regulations; the Businesses are prescribed to put revised rates along with the original rates as a sticker on the product with in next three months i.e. … Continue reading “Revised MRP Rates Released Under GST (Goods and Services Tax)”

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CBDT has Constituted Special Task Force for Jurisdiction-free Income Tax Assessment System

Government is now proceeding towards a new change in direct tax which will enable a jurisdiction-free income tax assessment system.

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GST Council revises rates for 66 items

The council revised rates on 66 items such as pickles, sauces, fruit preserves, insulin, cashew nuts, insulin, school bags, colouring books etc.

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Income Tax Department launches Operation Clean Money Portal

The Honourable Union Minister of Finance, Shri Arun Jaitley officially launched the Portal of Operation Clean Money.

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Exemption from Aadhaar Quoting to Certain Individuals

CG notified that the requirement of quoting of Aadhaar shall not apply to the certain individuals.

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Here’s is list of items falls under different slab rates of GST

The Goods and Services Tax (GST) Council on Thursday fixed tax rates on 1211 items.

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Goods and Services Tax Network (GSTN) is carrying out a pilot test on return filing.

GSTN is conducting pilot test on return filing. It will be a live test using 4,000 taxpayers

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2 More Unilateral Advance Pricing Agreements Signed by CBDT

CBDT entered into two more unilateral Advance Pricing Agreements (APAs) on 27th April, 2017.

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Suppliers of Goods/ Services in GST may be taxable as ‘casual taxable persons

Casual taxable persons are required to apply for registration five days prior to the commencement of business.

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Two Rates For Services Under GST

Two slabs for services under GST, such as transport facing a lower levy compared to the 18% tax on several services

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Friendly Advance ruling Mechanism to smoothen Ride under GST Regime

India is planning a significant shift toward a litigation-free environment under the GST regime, creating a liberal mechanism that would allow all taxpayers to ascertain liabilities beforehand.

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E-way bills may make GST highway bumpy

GSTN will generate e-way bills that will be valid for 1-15 days, depending on distance to be travelled.

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Consumer Goods to become Cheaper under Proposed GST Regime

A number of goods could become cheaper under the proposed goods and services tax (GST) regime.

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