Following the recent hike in petrol prices, Taxpayers’ Association and People For India jointly condemned the Central and State (Andhra Pradesh) government and asked to bring petroleum products under the GST ambit.
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Following the recent hike in petrol prices, Taxpayers’ Association and People For India jointly condemned the Central and State (Andhra Pradesh) government and asked to bring petroleum products under the GST ambit.
AAR or the Authority for Advance Rulings has stated that liquidated damages will attract GST. With this, the GST is now a tax for non-performance too.
Goods and services tax was applicable in India from 1st of July 2017 while there are other provisions including GST E Way Bill which was recently applicable from 1st April 2018 across the nation.
A GST seminar was organized recently by the Tax Practitioners Association. The venue was Indore’s very own and famous Pritamlal Dua Auditorium.
In a recent study, it is found that the small and medium-sized companies in the auto components industry are facing a stiff situation under the GST regime.
A statement by a finance ministry official confirms that there is no likely to be a GST on free banking services like ATM withdrawals and issuance of chequebooks.
India’s Property market has always been driven by assumptive forces and was breeding ground for all illegal mafia-like authoritarian players.
The GSTR 9 is an annual return form to be filed by the taxpayer once a year with all the consolidated details of SGST, CGST and IGST paid during the year.
Finally, the goods and services tax is getting strict and compliant with the use of data analytics used by the GST officers in capturing discrepancy.