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As per the new Rules and latest Directives from the CBIC (Central Board of Indirect Taxes and Customs), the Cars having price range more than Rs 10 lakh could cost more to the Indians due to the extra tax charged as per the new directives and rules from the Government’s end.
Estate Tax or Inheritance Tax is a matter of question in the country since long. Also, the ruling government is looking forward to implementing the same christened as the Inheritance Tax.
The Finance Ministry has granted permission to the businesses to claim input tax credit benefit for the first financial year of Goods and Services Tax roll out, till March 2019.
At a time when the Central Government is mulling over granting notional credit to tackle growing exporter woes, a move to allow input tax credit claims on IT export services delivered in collaboration with foreign entities comes as a welcome move just ahead of the new year
The Indian Government has started doing the investigation on financial inclusion as banks and BCs have been facing issues due to 18 percent GST is being levied on these services.
To change the hospital bill structure of patients a proposal will be considered by the GST (Goods and Services Tax) to ensure that medical bills have transparency.
The number of petitions being filed against the various clauses of the earlier launched goods and services tax (GST) system in the different courts is only increasing with each day.
A major point of discussion on Times Network’s annual flagship event — India Economic Conclave 2018 was PM Narendra Modi’s flagship the ‘Ayushman Bharat Scheme’. Akrita Reyar, Chief Editor (Digital), Times Network caught up with Apollo Hospitals MD Suneeta Reddy at the event to know the laters take at the health insurance scheme and also the future needs of India’s abysmal healthcare sector.
The tax officers will go and search for the businesses or companies who have been registered under the GST (Goods and Services Tax) but later disappeared and did not file the returns or paid any taxes.
