The goods and services tax is a groundbreaking indirect tax regime appeared in the history of Indian economy and politics.
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The goods and services tax is a groundbreaking indirect tax regime appeared in the history of Indian economy and politics.
In a move to appease small traders, the Central government has postponed the provisions of Reverse Charge Mechanism under GST.
Builders and buyers have found out the new ways to save 12% GST for under construction flats. As under construction projects engage with difficulties in possession holding, further an introduction of GST in this field has reduced the demand for such projects.
GST Network (GSTN) has been going through a lot of updates and changes aimed at improving the user-friendliness of the portal and making it easier for the taxpayer to file their returns.
The Indian IT (Information technology) Industry has been amongst the ones who were impacted by the last year’s implementation of the goods and services tax.
When the GST was introduced on the midnight of July 1, 2017, many pundits termed it as India’s second tryst with destiny. Tryst though is a not an appropriate word to describe a landscape changing move like GST.
The Bombay High Court has accepted a plea against bringing the transfer of land under JDA within the GST ambit. The plea was filed by Real Estate Developers following a GST notification.
A relaxation on Goods and Services Tax (GST) for making payments via digital mode has been proposed by the government recently, however, the states are opposing this decision, saying it is a discrimination especially for those users who are not using digital modes of payment.
On Tuesday, The Finance Secretary Hasmukh Adhia assured that the GST is now way past its troubled teething stage. Just a month ahead of its 1st anniversary, GST has now entered a smooth phase with increased tax compliance.