Services that attract more than 12 per cent Goods and Services Tax (GST) include TV DTH recharge (TATA Sky, Airtel Digital TV etc.), Intern...

The Expenditure Department, under the Ministry, has issued a set of FAQs (Frequently Asked Questions) on LTC cash voucher scheme, clarifyin...

The GST Network issued clarifications through frequently asked questions on Monday, ahead of the October 1 launch of the scheme for busines...

Builders will not be able to adjust the accumulated credits in ongoing projects in case they opt for lower new GST rate of 5% for normal an...

Builders will now have to refund GST on cancellation of flat booked in the last fiscal, I-T dept said.

The government's detailed clarifications on banking, insurance and capital markets seek to address some pertinent issues relating to the in...

The revenue department has clarified that transactions relating to securitisation, derivatives, future and forward contracts are exempt.

However, patients not admitted will have to pay tax on the total value of food served by the hospital.

Maintenance charges are collected by a co-operative housing society for purposes like providing security, lift upkeep, maintenance of commo...

The fringe benefits are transactions in furtherance of business. "Even if supplied without consideration, the same are deemed supply" and w...

Import of gold attracts a 10 per cent basic customs duty. On top of that a 12.5 per cent countervailing duty (CVD) was levied prior to GST.

All GST compliance will be paperless. GST returns will have to be filed online. Therefore, it will be beneficial to move to an electronic s...

Businesses, especially SMEs, have several queries -from applicability of the Rs 20-lakh threshold on restaurants to details of the new regi...

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.

GST is a single tax on the supply of goods and services, right from the manufacturer to the consumer.. Credits of input taxes are paid at e...

To a question, how would GST be administered, the FAQs said keeping in mind the federal structure of India, there will be two components of...