From the next fiscal year, taxpayers must generate invoices on their internal systems or billing software and then report them online to th...

The inquiries come on the heels of conflicting orders passed by the Authority of Advance Ruling in two states on the applicability of GST o...

The Economic Survey 2019-20 has suggested integrating 'Assemble in India for the World' into Make in India as it would help raise India its...

Many types of reimbursements — home rentals, telephone charges, medical premiums, health check-ups, even the re-issue of i-cards — could fa...

There may be other ways to evade GST, such as by splitting transactions to stay below the Rs 20-lakh threshold for registration, but that m...

The GST Council-comprising state finance ministers and headed by FM Arun Jaitley-has agreed to four slabs of 5%, 12%, 18% and 28% and, cont...

Under GST, all registered vendors on ecommerce sites are liable to 1% TCS. The objective is to capture all transactions in the ecommerce sp...

India is planning a shift toward a litigation-free environment under GST that would allow all taxpayers to ascertain liabilities beforehand.

The move has been undertaken in order to ‘provide adequate protection to domestic industry’, the government said, which will benefit local ...

The revised policy likely to come within a week, is aimed to accelerate investments in the country and simplify the disbursement process fo...

ITC is the amount of tax paid by the buyer on purchases made by him for which the buyer is entitled to claim a credit against the sales sub...

Incidentally, companies that rely fully on outsourced manufacturing are the ones affected. Those that outsource and manufacture partially d...

'Mr Jaitley kept making optimistic references to GST, and mentioned that it will play a transformative role in our economy. '

Govt to tighten the customs law by taking away powers to grant bail for offences punishable with imprisonment of 3 yrs or more from customs...

The imminent introduction of the GST will make the idea of TDS on services look even more ridiculous.

Government likely to end excise duty relief to SSIs as it readies for GST rollout.

The budget proposes to tax all services provided at port and airports.