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According to a person, the government has docked the GST (Goods and Services Tax) anti-evasion because they were asking automobile dealers for the retrospective tax on the discounts/benefits that have been taken from the manufacturers to promote the sales. The above-quoted person said on the anonymity condition that as per the CBIC (Central Board of […]
Maharashtra Authority for Advance Ruling has recently ruled out the provision for the input tax credit under the gold schemes which are a sales target oriented form of business practice by the companies.
After the implementation of GST, the council have decreased taxes on multiple products in various meetings. But customers are unable to enjoy the full fruits of these deductions on taxes.
This Article deals with defining and categorizing the transactions between the employer and employee from GST point of view.
Shipping industry under GST regime has suffered a lot and to understand this we may further try to reach the reason. GST has given many positive results but just at International level while domestic ones have not witnessed any advantage.
Director General Sunil Misra of Indian Electrical and Electronics Manufacturers Association (IEEMA) told the reporters that, We are of the view the electricity should be brought under Goods and Services Tax (GST) because the credit will be available and electricity will be cheaper.
An educative seminar on recently implemented Goods and Services Tax (GST) Regime has been organized by MIDC Industries Association (MIA) for the members of the association.
Now the travel agents who are into the online ticketing business and providing other services on the E-Commerce portals are considered as E-Commerce operators by the CBEC. The GST Council and the Central Board of Excise and Customs decided that the travel agents will have to deduct 1% tax collected at source (TCS) from the customers and will have to deposit it with the tax department.
Latest GST Circulars/orders from the official head office of CBEC and commissioner GST is available up to date for the notification purpose of GST India. The Goods and service tax is the biggest reform by the Indian government to tackle the complex tax rate structure that was followed until now. It has been assumed that […]
