Tax sops on accommodation to give leg up to co-living bizThe GST Council's recommendation to exempt GST on accommodation services up to ₹20,000/month benefits the co-living industry, students, and...
CBIC issues SoP to check use of freebies, liquor to lure voters during electionsThe CBIC has come out with detailed instructions for tax officers to implement the directions of the Election Commission with regard to the...
CBIC issues SOP for scrutiny of returns for FY20 onwardsThe Central Board of Indirect Taxes and Customs (CBIC) has issued a standard operating procedure (SOP) for the scrutiny of goods and servic...
CBIC to issue SOP for GST summons and noticesOfficials told ET the new SOP will also allow the board to closely monitor the GST probe, including its progress and the line of investigat...
CBIC to come out with SoP for enforcement actions by GST officersThe department also wants to improve data quality in the returns, besides a more systematised grievance redressal mechanism, particularly f...
CBIC issues guidelines for scrutiny of GST returns for FY 2017-18, FY 2018-19New Delhi: Central Board of Indirect Taxes & Customs (CBIC) on Tuesday issued standard operating procedure (SoP) for GST to streamline the ...
Karnataka tweaks EV policy, to offer 15% capital subsidy to investorsThe Cabinet decided to amend its Karnataka Electric Vehicle & Storage Policy, 2017, to improve upon its existing policy. The government wil...
GST officers to immediately suspend taxpayer's registration for 'significant anomalies' in sales returnThe SOP said the taxpayers whose registrations are suspended would be required to furnish reply to the jurisdictional tax officer within 30...
GST officers to take steps to check export valuation, devise SOP for verification of risky taxpayersMeasures to check export valuation, including capping of value for calculating export benefits and incentives, were also discussed and prop...
Companies drag J&K and central government to court over rolling back tax sopsThe companies claimed that they had invested in the state based on promises made under the earlier tax regime.
CEAT sops spark hope of big-ticket investments in Tamil NaduThe sops for the tyre maker have raised expectations of revised deals for the state’s existing manufacturers, but industrialists say that a...
Standard procedure for GST profiteering complaints soonOnce DGS submits report, it would be scrutinised by the Anti-Profiteering Authority for further action, which may include fine and extreme ...
Modi is actually fighting 2019 Lok Sabha election in GujaratFrom the Ro-Ro ferry to an 18% cut in GST on micro-irrigation systems for farmers, Prime Minister Narendra Modi rained sops on Gujarat.
Tax experts say GST sops will be early Diwali gift for economyJust three months into the GST regime, the GST Council today revised taxes on some 27 items.
Government works on ironing out benefits refund mechanism for exportersIndia’s exports sector is facing pressure due to slowdown in global demand, and officials feel any disruption in benefits being offered to ...
Price-monitoring structure under GST in the pipelineThe government wants to guard against profiteering by companies that will benefit from seamless input credit or tax on tax.
- Let it RIP
The duty entitlement passbook scheme has become obsolete and should lapse