Experts suggested that it is important the government bring some clarity whether exporters will have to pay GST on reverse charge mechanism...

It is expected that Union Budget 2022 would carry necessary amendments in the Customs law to provide certainty in line with the vision of t...

"M/s Rampal and Company had collected GST from M/s Starcrest Services Pvt. Ltd. for onward deposit to government exchequer towards GST liab...

Taxpayers can make GST payments through challan every month either by self-assessment of monthly liability or 35 per cent of net cash liabi...

Earlier today, the GST panel had increased borrowing limit of Rs 1.1 lakh crore instead of Rs 97,000 crore in the first borrowing limit to ...

Audit trails are already being created now, with manufacturers getting credit for the taxes that they pay on inputs.

The suggested ITC utilisation can be edited by the taxpayer. Once ITC utilisation is changed, the amount required to be paid automatically ...

Stalemate continues GST commissionerate yet to return diamond parcels seized from angadias.

“This 3% GST is creating a lot of problems. The government should do something to ease them," Dinesh Navadiya, president, Surat Diamond Ass...

Serial number of the delivery challan for diamonds will have to be maintained as per rule.

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

GST system project seeks to establish a uniform interface for the taxpayer and a common and shared IT infrastructure between the centre and...

One of the key issues on the agenda is the ‘e-way bill’, which has implications not just for the industry but also individuals. ET looks at...

Centre is reviewing the norms and various options are on the table, including restricting e-way bills to evasion-prone sectors.

The rules, released by the CBEC, provide for maintaining separate account or records for each activity, including manufacturing, trading an...

UIDAI Chairman Nandan Nilekani briefed Sushil Modi about the IT initiatives for the roll out of Goods and Services Tax.

Entities may settle for moderate GST than originally proposed 20%.