To clear some of the ambiguities created by the implementation of Goods and Services Tax (GST), the government has been regularly coming out with clarifications and notifications. Whether the resident welfare associations (RWAs) come under the ambit of GST, is one such issue. To bring in more clarity pertaining to this issue, in a notification … Continue reading “Services Provided by Smaller RWAs are Exempt From GST”

Whether the hotel is a five star or not, if its room rent is 2500 rupees per day or more but if it is less than Rs 7500, then the tariff will be GST at 18%. Government has released this explanation on Tuesday.

Ministry of Corporate Affairs notifies Companies (Meetings of Board and its Powers} Second Amendment Rules, 2017 dated July 13, 2017.

The Goods and Services Tax has kicked in from July 1 and so far, the GST Network, the company handling the IT backbone for new tax regime, has been facilitating registration of businesses.

The Narendra Modi government at the Center had said in February this year that the delay in filing an Income Tax return was a maximum of Rs 10,000. However you do not have to worry about it anymore. This plan will not apply this year, but from 1st April next year.

Under the guise of a new tax regime, you can screw up overcharging and bribery rigging on the part of the racers. At both the center and the state levels, the officials are formulating a strategy to deal with the complaints of leveraging the benefit of the conference-related Confucian.

From July 1, all the mobile phone users will have to shell out more for their mobile phone usage. The Goods and Services Tax (GST) Council has put

Though the state has incurred losses with many state government taxes being subsumed in Goods and Services Tax (GST), the new regime proved helpful when it comes to sales tax. Sales tax collection went up by 15.6% in three months ahead of GST launch on July 1. Discounts being offered by traders on household products … Continue reading “Pre-GST Discounts get Maharashtra 16% More Sales Tax in Three Months”

Textile traders in Ahmedabad will go on an indefinite strike from Monday to mount pressure on the government to roll back 5% GST on cloth. The decision was taken on Sunday during a meeting of traders associated with three major textile markets in the city, including Maskati Cloth Market Association, New Cloth Market, and Panchkuva … Continue reading “Textile Traders in Ahmedabad on Indefinite Strike Against 5% GST”

The goods and services tax (GST) provision, requiring any good more than Rs50,000 in value to be pre-registered online before it can be moved, is likely to kick in from October after a centralized software platform is ready. The provision, called the e-way bill, would be implemented after infrastructure for smooth generation of registration and … Continue reading “E-way Bill System in GST to Come from October”

If the new MRP sticker is not imposed after the GST is applied on the surviving old goods, then a fine of up to Rs 1 lakh including a jail sentence can be fined.

GST has been implemented, but many small businessmen who have not yet registered and those businessmen who have a provisional GSTIN number are very confused about the input tax credit from invoices.

People will have to loose their pockets to buy LPG gas cylinders from July. Due to the reduction in GST and subsidy, people will have to spend additional 32 rupees now. In addition, two years of compulsory surveillance, installation, new connections and additional cylinders documents have to be spent more on administrative fees.

On Friday night, India imposed the largest tax reform on its land, with the introduction of Goods and Services Tax (GST) on Friday night. This is not only a change in the tax system, but it will also make a big difference in the federal structure of the country.

On Friday night, like the clock fork will play 12, the new tax system Goods and Services Tax (GST) will be launched all over the country. There are some such places where after the independence, the biggest tax reform will be affected immediately after its implementation.