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1 min read
Lotteries to attract uniform 28% GST rate from March 1
Lotteries will now attract a 28 per cent uniform Goods and Services Tax (GST) from March 1.
1 min read
Parliamentary panel suggests lower GST rate for auto sector
The committee noted that some of the factors that contributed to slowdown are non-availability of …
PTI
1 min read
GST collection crosses Rs 1.1 lakh cr in Jan
New Delhi, Jan 31 () Goods and Services Tax (GST) collection crossed Rs 1.1 lakh crore mark in Janu…
PTI
3 mins read
Budget 2020 aside, these are some of the reforms that India can execute without causing political 'heat and tension'
Policy analysts at the Raisina Dialogue 2020 feel the government may be a little distracted. How…
1 min read
Delhi GST unit unearths racket involving issuance of fake invoices
New Delhi, Nov 15 () The revenue department on Friday said it has unearthed a racket involving issu…
PTI
3 mins read
From WhatsApp not working on select models to quarterly GST returns — these are some important changes in India from January 1
In this post, we look at all the changes that will come in effect from January 1, 2021. In a …
2 mins read
Revenue dept detects 931 GST fraud cases through data analytics
New Delhi, Jan 13 () The Department of Revenue has identified 931 cases of fraudulent GST refund cl…
PTI
3 mins read
Technologists and government working together to build ‘country-scale’ systems
Later that day, at an interaction with them, Prasad uttered the words "Open APIs" for the first tim…
3 mins read
GST intelligence detects Rs 225cr tax evasion, busts illicit pan masala manufacturers in Indore
During the search operation which was also conducted in Jabalpur and Bhopal in addition to Indore a…
PTI
1 min read
Under the LTC cash voucher scheme, you can seek reimbursement for insurance premium paid between Oct 12-Mar 31
On October 12, the government announced the LTC cash voucher scheme under which employees can p…
PTI
1 min read
Punjab CM orders expenditure cuts for all departments to meet COVID-19 funds
With no additional revenues coming in, the only way out is to cut expenditure, he stressed, adding …
PTI
2 mins read
Tax Dept raises GST revenue target to Rs 1.15 lakh cr for Jan-Feb
New Delhi, Jan 17 () The tax department on Friday raised GST collection target to Rs 1.15 lakh cror…
PTI
3 mins read
Here's how GST rates will impact your monthly household budget
As per the GST law, all items falling under its regime will be imposed tax rates at 5%, 8%, 18…
2 mins read
Par panel asks govt to prevent misuse of input tax credit under GST as collection slows
New Delhi, Dec 10 () A Parliamentary panel on finance on Tuesday observed that the Goods and Servic…
PTI
1 min read
India’s income tax officials may penalise restaurants who fail to disclose service charge to staff
Many restaurants and hotels in India have been earning an additional income on behalf of their serv…
1 min read
Cabinet secretary wants ministries to keep an eye on price rise after GST
"To make the transition smooth and painless for the general public as well as for the traders…
2 mins read
India already has 7.5 million new tax filers, but it’s aiming for 12.5 million by the end of this financial year
Just because you file an income tax return, doesn’t necessarily mean that you’re a new taxpa…
2 mins read
Finally! GST confirmed for July rollout
"States were seeking that dhabas and small restaurants can adopt the composite scheme. The Centre h…
4 mins read
Here’s why this is the worst time to be in the business of hospitality in India
Compare this to the global statistics – GST charged for hotels in Malaysia is 6%, Thailand an…
1 min read
These professionals are going to take home hefty bonuses, double digit increment
As India will be adopting the biggest tax reform-GST-the professional services firms are help…