Closer scrutiny of imports under FTAs: Importers now need to comply with stringent normsIndia has entered into free trade agreements (FTA) with various countries - bilateral trade agreements with Japan, Singapore, etc. and mult...
ETRISE Top MSMEs Ranking: As GST collections slip, compliance cost increasesA slowdown in consumption is also hurting tax collections and a prolong period of economic uncertainty will further pressure.
Need to make additional GST payment? Here’s how to go about itPayment using DRC 03 can either be voluntarily by the taxpayer when he or she discovers the shortfall, or it can be when the taxman issues ...
Key aspects to keep in mind when filing your annual GST ReturnThe due date to file returns has been shifted twice, initially from December, 2018 to March, 2019 and then again to June 30, 2019.
New GST real estate rate to be applicable from April, source 80% materials from registered dealerThe Council also decided that reversal of input tax credit to be done on propotionate basis and the time limit for transition to new rates ...
Exporters can manually file GST refund claims: CBECThe CBEC had last month started refunds for exporters of goods who have paid Integrated GST (IGST) and have claimed refund based on shippin...
GST's impact on Special Economic Zones & Export Oriented Units to be a mixed bagWith the introduction of GST, multitude of taxes have now been subsumed into one single tax, which will not only give a boost to the econom...
GST rates will bring cheer to industry, say expertsThe GST Council, comprising state finance ministers and headed by Union Finance Minister Arun Jaitley, today finalised the rates on a host ...
Before you migrate to GST, these are the 4 key tasks you need to doGST is likely to make it easier to do business. But for that, there are some key tasks every business must undertake during the transition ...
Final countdown for GST begins: Government circulates changes among MPsThe amendments, to be circulated to all members of Parliament latest by Tuesday morning, seek to take on board main opposition party Congre...
61st Britannia Filmfare Awards: The complete list of winnersThe best part about the stary night was to see our favourite celebs take the coveted black lady home apart from the rich entertainment at o...
No service tax on payments to expats working in local arms of MNCs: Authority for Advance RulingAlthough rulings by the AAR are case specific, they have an effect on tax assessment of other firms under similar circumstances.
Proposed modest GST rate will facilitate rollout: ExpertsSaloni Roy, Senior Director, Deloitte in India, said that at the standard rate of 17-18 per cent as suggested by the panel, goods and servi...
Central Board of Excise and Customs raises monetary caps to arrest, prosecuteThe move is in line with the government's promise to cut down on red tape and end harassment of taxpayers and the industry .
GST rate will be much more diluted than 27%: Finance Minister Arun JaitleyThe GST Council will have Jaitley as its Chairman and comprise two-third of members from states and one-third from the Centre.
GST possible in 2016, but Rajya Sabha nod holds key: ExpertsThe Goods and Services Tax (GST), which is proposed to be implemented from April 1 next year, will subsume excise, service tax, state VAT, ...
- Budget 2012: Oil & gas sector witnessed specific emphasis - Ernst & Young
The Excise duty structure for most petroleum products has been rationalized, with an ad valorem levy of duty at the rate of 14% on most pro...