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An Easy System of Implementing the Business for MSMEs The Confederation of All India Traders (CAIT) inside the communication to chief ministers of all the states shown that the cause of the significant delay of the GST by the “big e-commerce companies by artificially reducing the prices of the goods sold at their e-commerce platform […]
Tax Evasion has been prevalent from ancient times, persistent to date and will continue in future. Nevertheless, the regulatory authority can limit its intensity if they infuse the efforts aptly and by utilizing the latest technology. To date, In the April-June quarter of the present financial year, Tax evasion worth Rs1,920 crores has been recovered […]
The government is planning the remodelling of GST rates to simplify things and has started efforts in this direction. The Chief Economic Advisor (CEA) in the finance ministry Krishnamurthy Subramanian on June 29 said that the rationalisation of the GST rate structure Grab the information of revised GST slab rates on consumer products in India, […]
Nirmala Sitharaman finance minister has been chaired the 45th GST Council meeting at Lucknow city. The council members have discussed several issues such as states compensation and revision of GST rates on Covid essentials, petrol diesel GST applicability or not, and food delivery app applicability. The major discussion points for the council meeting are the […]
The Karnataka Authority of Advance Ruling (AAR) has passed a ruling that no GST shall be imposed on the composite supply of the healthcare services. Here in this case the applicant is Messrs Saint Thomas Hospital that is a multi-specialty hospital that provides health care services Check out the brief details of GST impact on […]
The tax council has begun to track the radio-frequency identification (RFID) tags upon the commercial vehicle to find goods and services tax (GST) theft and bogus through the business owners. The officials are comparing the electronic permits given for transporting goods Everything you need to know about GTA (Goods Transport Agency) under the GST Act. […]
The Karnataka Authority of Advance Ruling has held that the ‘Engineering design’ and the other technical advisory services that are specifically undertaken in India amounts to supply under the heading ‘Intermediary services’. Here in this case the applicant is Airbus Group India Private Limited providing Engineering design and technical advisory services that include Marketing support, […]
We must have heard about the era of the Industrial Revolution, the IT era and so on. But what about this era? This is an ‘Era of Transparent taxation’ or in other words ‘Era of Tax reforms’. The reason attributed to the new ‘era of Transparent Taxation’ or ‘era of tax reforms’ is the blend […]
Awesome news for the GST Taxpayers. Government has, for the last time, extended the last date of filing a GST return. So, grab this opportunity. Otherwise, there shall be burdensome repercussions. An GST Amnesty scheme The Indian government is planning to launch a new scheme for GST returns non-filers and nil filers, called Amnesty Scheme. […]
