The upcoming budget must pivot towards sustainable economic advancement, steering clear of just showcasing favorable figures. Fulfilling ea...

Ahead of Diwali, the government has implemented GST 2.0, reducing rates to boost festive shopping. The reform simplifies slabs to 5% and 18...

Now such suppliers will not have to obtain GST registration, if their turnover is lower than Rs 40 lakh and Rs 20 lakh for goods and servic...

The Economic Census 2013 found 5.85 cr non-agricultural business establishments in operation, employing about 13 cr workers, an average of ...

Tata Sons, PepsiCo, Flipkart, Walmart, Vivo India, Larsen & Toubro and TikTok, among others, came forward to donate ventilators, personal p...

Collecting 1 per cent TCS would make operating a spot exchange unfeasible.

Tax authorities have kept a close watch on firms to ensure that rate cuts were being passed on to consumers.

Thousands of small merchants have been dropped from e-commerce sites because they can't meet the new requirements.

If you are a millennial, you may rejoice because millennials are all for reforms, etc. But the ground reality is that the GST is going to b...

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

Tax rates for services were announced today after the GST Council meeting, with an 18 per cent rate for telecom and financial services, up ...

If you are looking to buy a small car, you may have to shell out some extra money once GST is implemented because of an additional cess.

The Goods and Services Tax Council broadly agreed on 4 tax bracket for services, though they are yet to decide on a tax bracket for gold.

Ecommerce players such as Flipkart and Amazon will also need to register under GST regime irrespective of value of supply made by them.

The FAQ booklet said penalty could extend up to five years of jail with a fine if the tax evaded is more than Rs 2.5 crore.

There needs to be a certain consistency which was there in the service tax regime, which recognises the Information Technology Act's defini...

Flipkart, Snapdeal and Amazon cite harassment by tax authorities over a form that buyers are required to furnish when purchasing goods from...