The IGST makes provisions for the levy and collection of taxes on inter-state supply of goods or services or both by the Central government.

'Alcohol and real estate are far too contentious issues for GST.'

While life-saving medicines imported for personal use would continue to be exempt from basic customs duty, they are not exempt from IGST.

Even before the planned July 1 roll out, about 100,000 indirect tax appeals were clogging India’s judicial system at the end of March, 2015.

The court needs to avoid that particular outcome which has a potential to create an adverse affect on employment or economy, SC said.

The new law gives taxmen the right to extract full tax due claims with interest and fines from these people, exposing their personal assets...

Some said the multi-layered GST is too complicated and undermine the key benefit of this reform, while others said having different tax sla...

The inflationary impact on standard rated commodities should be minimal but services may become dearer by getting pushed to 18 per cent slab

The firm has announced to open it’s Chennai office and GV Anand Bhushan will be head of firm’s newly opened south operation.