The ratification of the newly introduced bill in state assemblies across the country is crucial for rolling out of the new pan-India indirect tax regime.
GSTN is conducting pilot test on return filing. It will be a live test using 4,000 taxpayers
Patients are worried about the possibility of a shortage of medicines because stockists and trade channels, uncertain about modalities of the implementation of the Goods and Services Tax (GST), are attempting to reduce stocks in trade.
The number of people who filed tax returns surged by 95 lakh as the government turned the heat on black money with demonetisation and various other measures, two top government officials told ET.
CBDT entered into two more unilateral Advance Pricing Agreements (APAs) on 27th April, 2017.
The DVAT Department has extended Due Date/ Last Date for Filing of online return for Q4 (Mar. 2017) of 2016-17 upto 15 May 2017.
The Central Board of Excise and Custom hereby extends the due date of submission of the ST-3.
Casual taxable persons are required to apply for registration five days prior to the commencement of business.
Two slabs for services under GST, such as transport facing a lower levy compared to the 18% tax on several services
The date of submission of the Service tax return (Form ST-3) for the period from 1st October 2016 to 31st March 2017, was 25th April, which has extended to 30th April, 2017.
GST regime as it seeks to give a boost to local manufacturing, ward off Chinese imports and induce companies like Apple to make in India.
A record of goods lost, stolen or destroyed as well as those given as free sample and gifts will have to be maintained under the new goods and services tax regime, which kicks in from 1 July.
India is planning a significant shift toward a litigation-free environment under the GST regime, creating a liberal mechanism that would allow all taxpayers to ascertain liabilities beforehand.
The Income-tax Appellate Tribunal (ITAT) which adjudicates Income-tax (I-T) disputes, has held that an amount deducted by an employer for not serving out a notice period cannot be brought to tax.
The Central Board of Excise and Customs (CBEC) recently released draft rules on electronic way bills (e-way bills) that entities have to furnish regarding the goods meant to be moved within or out of a state.