Textile sector worries over proposed GST rate hike from 5% to 12%
The textile and clothing industry has expressed concerns over the GST Councils proposed plan to implement the increase in GST rates
Read MoreThe textile and clothing industry has expressed concerns over the GST Councils proposed plan to implement the increase in GST rates
Read MoreThe Central board of Direct Taxes (CBDT) has expanded scope information included in Form 26AS to include more high-value financial transactions and additional information.
Read MoreWrit Petition not maintainable as Statutory Alternative Remedy is available for challenging Re-Assessment Orders under TNVAT Act: Madras HC
Read MoreGiving reprieve to trade and industry of the state, Punjab Chief Minister Charanjit Singh Channi on Wednesday announced the scrapping of 40,000 pending cases of VAT
Read MoreThe central government on Thursday released Rs44,000 crore to states and union territories
Read MoreToys manufacturers are set to see higher tax liabilities after a ruling said that toys that have any form of light or sound should be treated as electronic toys and taxed at 18% under Goods and Services Tax (GST).
Read MoreThe Supreme Court on Thursday allowed the Government's appeal against the Delhi High Court's 2020 order which allowed the telco to claim Rs923 crore refund by rectifying its GST returns for July to September 2017.
Read MoreTwo persons were nabbed on October 5 and October 9 on charges of having a fake billing racket which involves more than 20 firms.
Read MoreThanks to brisk trade and commerce ahead of Diwali, daily e-way bill generation for goods transportation under the Goods and Services Tax (GST) system came in at 24.86 lakh for the week ended October 24, 17.6% higher than the corresponding number for the previous week.
Read MoreThe Authority for Advance Rulings, Maharashtra has ruled that renting or leasing of vehicles registered in tourist category for transportation of Covid-19 passengers by a tours and travels
Read MoreThe Tamil Nadu bench of the GST Authority for Advance Rulings (AAR) has held that no input tax credit (ITC) would be available to a manufacturer who has purchased goods such as Dubai tickets, gold vouchers and home appliances for rewarding retailers who meet their targets.
Read MoreLevy of 18% goods and services tax on ice-cream supplies with retro effect from July 2017 has led to a near meltdown for thousands of ice-cream parlours, most of which are small businesses.
Read MoreIndia's government expects tax revenues for the current financial year to be 10% above budget, beating forecasts for the first time in four years, two officials said, as the economy powers back towards pre-pandemic levels.
Read MoreThe Tamil Nadu Authority of Advance Ruling (AAR) ruled that the Input Tax Credit (ITC) is not available on Goods and Services Tax (GST) paid on inputs obtained to implement promotional schemes. M/s GRB Dairy Food Pvt. Ltd. (applicant) has been engaged in the manufacturing and supplying ghee and other products.
Read MoreThe Input Tax Credit (ITC) claim forms an essential task in tax management for every GST taxpayer, big or small. Ever since compliance began under GST, there have been various concerns poured in by the taxpayers about paving the way for smooth claims of ITC.
Read MoreThe Karnataka High Court has asked the revenue department to consider refund of Rs 27.51 crore to Bundl Technologies, which operates food delivery platform Swiggy.
Read MorePen manufacturers have sought a reduction in goods and services tax (GST), saying the government's recent move to club all pens under the 18% GST bracket has pushed up cost and hit sales.
Read MoreServices by the Central government, state government, Union Territory or local authority are exempt from GST but this rule has a few exception, including services provided to business entities.
Read MoreThe Jharkhand High Court (Jharkhand HC) in the matter of M/S. Nkas Services Private Limited v. The State of Jharkhand and Ors. [WP (T) No. 2444 of 2021 dated October 06, 2021] quashed the Show Cause Notice (“SCN”) in respect of wrongful availment of Input Tax Credit (“ITC”) as it was vogue, unclear and lacked serious details.
Read MoreRecently, the Goods and Services Tax regime in India, which brought transformational change in the country’s overall tax structure, completed four successful years.
Read MoreLiquor is one of the major sources of revenue for Indian government. In India, states are empowered to levy VAT on alcohol for human consumption which roughly makes liquor a quarter of their revenues.
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