The tax department has asked country's top lenders including State Bank of India, HDFC Bank, ICICI Bank, Axis Bank and Kotak Mahindra Bank to pay tax that could run into thousands of crores, on 'free services' provided to customers…
The CBI has filed a charge sheet against Commissioner, Goods and Service Tax, Sansar Chand in a corruption case, a first against a senior officer of the department.
India Inc may have to start restructuring compensation packages or human resource benefits of their employees to ensure they don’t face taxing times under the goods and services tax (GST).
Proper implementation of the Goods and Services Tax (GST) in India can be worked upon and is not an “unfixable problem”, former RBI governor Raghuram Rajan has said.
Exemptions were brought down under GST, which replaced multiple state and central taxes such as sales tax, value added tax, entry tax, central excise duty, service tax, and countervailing duty with effect from July 1, 2017.
GST at 5% for Food and Beverages sold in Trains and Platforms - 5% GST applicable to supply of food and drinks made available in trains, platforms or stations
The Centre on Friday notified that a uniform rate of 5 percent will be charged towards Goods and Services Tax (GST) in all railway catering services in trains or stations.
Hailed as the biggest tax reform since Independence, GST is comprised in three parts Central GST (CGST), State GST (SGST) and Integrated GST (IGST).
रिपोर्ट में कहा गया है कि टैक्स स्लैब की संख्या कम करने और कानूनी प्रावधानों को आसान करने से, GST ज्यादा प्रभावी और असरदार होगा।
GST is one of the most complex with the second highest tax rate in the world among a sample of 115 countries which have a similar indirect tax system, says the World Bank.
Tax authorities are grappling with a Rs 34,000-crore goods and services tax (GST) puzzle amid fresh fears in the government of businessmen evading taxes.
Revenue collection from Goods and Services Tax (GST) touched Rs 86,318 crore in January, falling marginally from previous month.
The minister said that when goods and services were initially placed in different tax slabs at the time of GST’s roll out, it was a mathematical exercise.
All the respondents to the survey pointed out issues with the robustness and volume handling capacity of the GST Portal, it said.
we need to understand many things and one such aspect is related to the recent introduction of Goods and Service Tax (GST), which has created a lot of confusion in regards to tax rate.
Presently, GST of 18 percent is levied on goods being sold as scrap. Under the reverse charge mechanism, buyer of such vehicles has to pay tax on the proceeds from such transaction.
The GST will not be charged on the cost of food served to patients by hospitals as advised by doctors, the government has said.
The Bombay High Court has said the Goods and Services Tax (GST), though highly publicised by the Union government, isn’t tax-friendly.
The Bombay High Court said the goods and services tax (GST) regime wasn't easy to use, questioning the celebratory midnight session of Parliament that was held to mark its launch.
I went to Singapore. There they levy 7 percent GST on both Mercedes and food. Can this be done in India, a country where a large population lives below the poverty line?