Food supplies and consumer welfare department on Thursday conducted raids at some malls.

The GST Council, chaired by Finance Minister Arun Jaitley and comprising state counterparts, will meet on August 5 to review.

There has been a substantial confusion in the change of MRP (Maximum Retail Price) of the goods under GST. According to our sources, with respect to recently released Government regulations; the Businesses are prescribed to put revised rates along with the original rates as a sticker on the product with in next three months i.e. … Continue reading “Revised MRP Rates Released Under GST (Goods and Services Tax)”

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”

E-commerce retailers are trying their best to finish their pending stock. They are luring customers by giving discounts.

Any business entity that fails to pass on benefits of lower taxes under (GST) to consumers faces penalties under the new antiprofiteering rules.

The government today went live with GST Council’s website which contains all the fine details about the new tax regime.

The Government has endangered to cancel the registration of entities that do not pass on gains from GST to consumers. The cancellation of registration is in addition to the Power to levy penalty that was suggested under the Law. The Government has repeatedly threatened to invoke Anti-Profiteering provisions to ensure that gains of GST by … Continue reading “GST: Firms Face Ban for Not Sending Out GST Benefits to Consumers.”

CBEC specifies the persons exempted from obtaining registration under GST.

CBEC vide notification no. 1/2017 -Central Tax dated 19th June 2017 notifies certain sections to be effected w.e.f. 22nd day of June, 2017

Since still a substantial percent of taxpayers still remaining to be migrated under GST, the government has decided to reopen the GST migration.

The council revised rates on 66 items such as pickles, sauces, fruit preserves, insulin, cashew nuts, insulin, school bags, colouring books etc.

The indirect tax structure on cement has always been a subject matter of discussion amongst industry members, Government officials and tax experts.