Mar 09, 2021 08:20 PM IST
E-invoicing will be extended to companies with turnover over Rs 50 crore from April 1, the Central Board of Indirect Taxes and Customs (CBIC) said in a notification.
- Mar 05, 2021 10:51 AM IST
At present, every state has its own way of taxing fuels, while the Centre also collects its own duties and cess.
- Feb 28, 2021 08:43 PM IST
In view of the difficulties expressed by the taxpayers in meeting this time limit, Government has decided to further extend the due date for furnishing of GSTR-9 and GSTR-9C for the financial year 2019-20 to March 31, 2021 with the approval of Election Commission of India
- Dec 07, 2020 04:18 PM IST
The move aims to ease the pressure on small taxpayers as the Centre has decided to introduce some new rules in GST filing.
- Nov 26, 2020 09:53 AM IST
According to NAA, Procter & Gamble (P&G) and Gillette India increased the base prices of 1,383 goods to negate the GST reduction.
- Nov 17, 2020 11:34 AM IST
The GST committee will consider the impact of the issuances of fake invoices and strict measures required under the GST law to curb these activities.
- Oct 16, 2020 11:00 AM IST
North Block’s latest move on compensation should ensure that states’ normal borrowing is not compromised
- Aug 30, 2020 07:10 PM IST
The Centre has given two options to the states to borrow either from a special window facilitated by the RBI or from market and has also proposed extending the compensation cess levied on luxury, demerit and sin goods beyond 2022.
- Aug 24, 2020 09:48 AM IST
GST latest news: Appointed consultants by the textile ministry would be required to recommend changes to the present tax and duty structure.
- Jul 14, 2020 09:59 PM IST
The authority further said although the Ministry of Consumer Affairs has classified hand sanitizers as an essential commodity, the GST law has a separate list of exempted goods
- Jun 04, 2020 08:50 PM IST
This comes at a time when the resources of various state governments have taken a hit due to the COVID-19 pandemic.
- Jun 04, 2020 04:32 PM IST
"The decline is primarily because April was a month of complete lockdown and only essential services were working during this month," sources told CNBC TV-18.
- May 06, 2020 05:51 PM IST
In another trade-friendly move, the Central Board of Indirect Taxes and Customs (CBIC) has also extended the validity of e-way bills that were generated on or before March 24, and had expiry between March 20 and April 15, 2020.
- Apr 02, 2020 07:05 PM IST
In the wake of revision in GST, the Centre has allowed manufacturers, packers and importers to re-label new retail prices on their unsold pre-packaged products by September 30 this year
- Feb 09, 2020 12:30 PM IST
Under the Goods and Services Tax (GST) law, states are guaranteed compensation for revenue loss for 5 years if their revenue does not increase 14 per cent on the base year of 2015-16.
- Feb 09, 2020 12:23 PM IST
GSTIN is a 15-digit PAN-based unique identification number allotted to every registered person under GST.
- Dec 30, 2019 03:59 PM IST
This comes at a time when the country's exports have not performed all too well, with merchandise exports having contracted by 0.34 percent year-on-year in November.
- Dec 10, 2019 05:04 PM IST
The reshuffle in the panel's composition comes in the wake of issues being raised by state governments regarding GST compensation.
- Nov 19, 2019 05:10 PM IST
Replying to a notice seeking leave for adjournment motion in the state assembly, Isaac said fears expressed by the opposition that the state was undergoing a severe financial crisis was unfounded.
- Nov 14, 2019 05:17 PM IST
As per the CGST Act, any supply of goods or services or both between different GST registrations having the same PAN (distinct persons) shall be treated as "supply" and shall attract GST.
- Oct 15, 2019 10:11 AM IST
The system of decision making which the indirect tax embodies is unique and needs to be preserved at all costs
- Oct 10, 2019 08:08 PM IST
The panel comprising of state-level GST commissioners and centre government officials has been asked to suggest urgent measures to arrest the fall in tax revenues and suggest steps to be taken to improve revenue collection.
- Oct 04, 2019 08:07 PM IST
In the 24 months since its implementation, there have been many promises that have been made, many that have been met, and for some, still a distance to travel.
- Aug 12, 2019 01:47 PM IST
The input tax credit (ITC) model of GST owed its origin to the premise of ‘matched invoices’. But it has become too problematic.
- Jul 01, 2019 04:09 PM IST
GST promised to overhaul India's indirect tax system by consolidating an untidy patchwork of local and central duties such as VAT, central excise and octroi into a single levy, make the tax administration more efficient and turn India into a common national market by removing fiscal barriers among states.