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The central government recently revealed that the food and drinks which is distributed at the educational institutes are subjected to the 5 percent goods and services tax.

It is very weird to find that GST refund complaints are not eligible due to the internal misrepresentation. The exporters of garment industry have falsely said that they are not getting the GST refunds, while in fact, they didn’t even apply for the same.

The tax department has started sending notices to taxpayers asking them to provide documents in support of the transitional credit claims filed by them.

YES Bank, a leading private sector bank and finance organization in India, has announced a new credit product called YES GST through which the bank will offer easy loans to small businesses on the basis of their goods and services tax (GST) returns and compliance report.

The recently made president of Confederation of Indian Industry (CII) Rakesh Bharti Mittal came against the multiple numbers of tax slabs of GST and asked for rather rationalised tax slab structure.

In a bid to rescue India’s largest and most comprehensive tax structure i.e. the goods and services tax, the Bombay high court recently heard a petition which was going against the new indirect tax system.

After the GST rollout, instead of elimination of cascading effects from prevailing indirect tax regime, the contractors have to pay GST two times.

Former reserve bank of India governor Raghuram Rajan stated that the goods and service tax is not that hard to understand and to fix although he made a counter-attack on the implementation of demonetization.

Taking cues from the debacle faced by the Central Government and the GST Council during the first launch of GST E Way Bill for transporters, the government has decided on a phased rollout of the e-way bill services for transporters.