Budget proposes GST amendment: Track and Trace Mechanism for evasion prone goodsThe Union Budget has introduced amendments to the GST law, incorporating a Track and Trace Mechanism for evasion-prone goods. This includes...
CBDT extends ITR filing deadline for corporates to November 15The Central Board of Direct Taxes extends the corporate income tax return deadline for the assessment year 2024-25 by 15 days to November 1...
GST to be paid by telcos along with instalments towards spectrum chargesThe spectrum will be assigned for 20 years and successful bidders will be allowed to make payments in 20 equal annual instalments in the co...
Govt extends deadlines for GST officers to issue demand notices for FY'19, FY'20AMRG & Associates Senior Partner Rajat Mohan said the extension pertains to issuance of orders for the recovery of tax liabilities, whether...
FinMin notifies prospective levy of GST on corporate guaranteesThe finance ministry has released an official notice indicating that, going forward, goods and services tax (GST) will be applied to corpor...
Government notifies valuation methodology for calculating GST on online gaming, casinosThe Ministry of Finance notified amendments to Central GST law for calculating value of supply in case of online gaming and casinos as per ...
Services by directors to companies not taxable under GST RCM: CBICCompanies will not have to deduct GST under reverse charge mechanism (RCM) on services such as renting of immovable property provided by di...
Government hikes duty on X-ray machine imports to 15 pc from Apr 1The changes in the customs duty rate was brought in as part of the amendments to the Finance Bill, 2023, which was passed by the Lok Sabha ...
Govt may remove penal offences covered under IPC from GST lawThe proposal, part of the exercise to decriminalise GST law, is likely to be taken up in the next meeting of the GST Council. Once approved...
Finance Ministry seeks industry views on changes in monthly GST payment formThe paper takes into consideration various suggestions of both taxpayers and administrators, including auto-population and amendment in GST...
Income earned from providing guest lectures liable to 18 pc GST: AARWhile passing the ruling, the AAR said the said service falls under the category of other professional, technical and business services and...
Treated and purified sewage water for industrial use to attract 18% GST, says AARNagpur Waste Water Management Pvt Ltd had approached the Maharashtra bench of AAR seeking a ruling on whether 'tertiary treated water' supp...
Trying to identify 'RG' whose name appears in AgustaWestland probe, Enforcement Directorate tells courtThe agency made the submissions while seeking extension of custodial interrogation of an accused -- Sushen Mohan Gupta -- arrested in the c...
28% GST to be levied on e-rickshaw tyres: AARWhile giving its ruling, the AAR said that e-rickshaws do not have a pedal which is the prerequisite for being classified as a "powered cyc...
E-commerce firms like Flipkart and Snapdeal to deduct TCS under GSTThe measure, Nangia & Co Director Rajat Mohan said, will not increase the incidence of taxation on consumers as the supplier will get tax c...
E-commerce firms will have to deduct TCS on payments to suppliersAggregators mainly include Ola, Uber, Urban Clap which works as a platform for providing transport and other services. The TCS provision wi...
Sunanda Pushkar murder: Shashi Tharoor didn’t take Sunanda to hospital, says a family friendSanjay Dewan, who was called to see Sunanda in the evening, was told that she had not eaten anything and he should convince her to eat.