Flour, TV, refrigerator, LPG become cheaper: PM Modi says GST resulted in 'significant savings' for poor, common manPrime Minister Narendra Modi lauded the impact of Goods and Services Tax (GST) during its seven-year tenure, highlighting its role in impro...
GST evasion of ₹40,000 crore detected from fake invoicing, fraud claimsThe latest measures are aimed at tackling such frauds, impart better payment discipline and also protect the recipient who is not always in...
Traders urge Finance Minister, GST council to modify new GST notificationThe Central Board of Indirect Taxes and Customs (CBIC) has introduced Rule 86B in GST Rules, to be applicable from January 1, 2021, which r...
E-invoice under GST: These businesses need not prepare electronic invoices up to a revenue of ₹500 crore any more
Upcoming changes in GSTN and its impact on the present GST return filing systemWith a view to remedy the hardships faced by the taxpayers, the Government announced certain steps that are proposed to be taken to improve...
GST: Changes and method to claim Input Tax Credit answeredSmall business owners often voice a few queries related to input tax credit (ITC). This article seeks to answer some of the commonly asked ...
GST: Government notifies changes to rules on input tax creditThe govt permitted officers at the level of commissioners to bar debit of input tax credit for one year in case of credit being availed fra...
GST Input tax credit without invoice capped at 20% to plug revenue leakageThere was no such restriction until now – input tax credit was claimed by taxpayers on the basis of self-assessment.
Chidambaram bought tennis club in Spain, UK cottages with scam funds: EDChidambaram is co-accused with his son in the INX Media money laundering case and also in the Aircel-Maxis 2G scam case.
No deadline extension to file GST returns for input tax creditFinance ministry said since the input tax credit is being availed on the basis of summary sales return or GSTR-3B filed, hence the deadline...
INX Media PMLA case: ED attaches Karti's assets worth Rs 54 crore in India, abroadA cottage and house in Somerset in UK and a tennis club located in Barcelona, Spain have also been attached as part of the same order, the ...
FMCG promotions to rise on GST tweakTill now, companies were allowed to issue one credit or debit note for each invoice (or bill), which the GST Council is now amending to all...
GST returns: This is how you file your GSTR-1Based on the nature of business and the nature of supplies made during the month, only the relevant components of GSTR-1 are applicable, no...
Finance Ministry starts notifying provisions of GST acts, amends rulesThese include those relating to tax invoice, credit and debit notes, accounts and records, returns, payment of tax, refund, assessment and ...
Return Filing - Under GST, this is how you will file tax returns from July 1Filing returns will see a radical departure from current provisions. Compliance will no more be a one day activity as the return cycle is s...
Record of goods lost, stolen, gifts to be maintained in GSTThe rules, released by the CBEC, provide for maintaining separate account or records for each activity, including manufacturing, trading an...
- Kingfisher, Nacil lock horns over ground-handling dues
Kingfisher Airlines is locked in a dispute with Nacil - the new company into which Air India and Indian Airlines were merged.