Goods and Services Tax (GST) 2.0 is coming soon. It will revamp the indirect tax structure. The GST Council will likely meet in September. ...

Eight years since the introduction of GST, complex structures, clogged tribunals, and compliance burdens are chipping away at the ‘One Nati...

Bajaj Auto Ltd faces a penalty and interest of over Rs 10 crore by tax authorities for misclassification of instruments cluster under GST. ...

India's new popcorn tax has everyone talking. Different flavors now have different GST rates. Plain popcorn is taxed at 5%, branded at 12%,...

Indian tax authorities have raised demands for higher tax from at least 17 automotive component manufacturers over tax rates for parts used...

Uber India had contended the notifications were violative of Article 14 (equality before law) of the Constitution of India as they failed t...

While dismissing Uber’s petition challenging the levy of GST, the HC held that the notifications under challenge did not result in discrimi...

The agency in the notice also asked why a penalty should not be imposed against the senior management of the company. The DRI also issued a...

UP and WB favoured a differential treatment between games of ‘skill’ and ‘chance’, say sources.

The Law Committee under the Goods and Services Tax Council is of the view that a clear definition and classification of the “game of chance...

Many courts have overlapping definitions and it will be better if there is a uniform framework for this, the law committee has told the GoM...

The income-tax treatment of these two types of activity also differs. Winnings from games of chance are taxed at the highest slab without a...

The input tax credit mechanism under the GST framework allows companies to set off part of the tax paid against future tax liabilities. Whe...

That’s due to lack of clarity on how to tax some products and a backlog of cases regarding classification ambiguities, the experts said.

Govt is not amused by what businesses are doing. It is one thing to modify goods to avail lower rates and another to misuse the provision.

With over 51 million SMEs in India, it contributes 50% of the industrial output and constitutes India's 42% export earnings.

“Single rate for one product group will bring simplicity in the structure and make implementation easier,” said a government official.