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In a report on Monday, it has been said that to promote the tourism sector, the government should simplify the hotel GST rates and must encourage the private participation because it has a huge potential to further increase the jobs and economic growth. By the year 2029, the Indian tourism sector could see a growth […]
The central and state tax officials have decided to check the profiteering is being done by the retailers and manufacturers or not i.e. they wanted to see whether the benefits of GST cut downs are been given to the customers or not. And for this, the officials will turn in to the customers and will […]
Recently, the IT system has been refined to restrict the GST non -filers from generating e-way bills. To weaken the tax evasion practices this institutive step has been taken which prevents the Business – consignor, consignee, transporter, e-commerce operator or a courier agency, who have not filed the GST returns for the stipulated time period […]
Samsung India comes under the probe of the GST officials as recently the GST department had sent notices to the Samsung office in India to give a detailed sales report including GST charged. It was found by the GST officials that the Samsung had not passed the GST rate cut benefits to the consumers even […]
A slump of 3.46% is witnessed in Apparel exports in F.Y. 2018-19 in comparison to the year-earlier period. Last financial year the Apparel exports were worth $16.13 billion while in the year-earlier period it was worth $16.71 billion.
The government has announced that it will hold a webinar in English based on the topic – GSTR 9C Reconciliation Statement to cover all the necessary questions and filing procedure in order to make easy for taxpayers to file the GSTR 9C reconciliation statement.
A smart humanitarian step regarding GST elimination on the equipment, including wheelchairs, crutches and hearing aids by an 11 years old schoolboy.
The provision under Section 80C and 80D of the Income-tax Act is that specified taxpayers could claim for deductions to the Insurance company on the total amount paid to them for specified insurance schemes.
The manufacturer of wagons and other equipment of railways presented their combative grievance to the finance ministry about the inevitable burden of taxes on vendors and Railways because of not passing the input tax credit (ITC) benefits.
