Busting GST Myth!!! Uniform prices across Country unlikely
GST will bring uniform tax structure and hence uniform prices across country may prove to be big myth if politics has its own way over... Read More
GST
Goods and Services Tax (GST) details, news, judgments and opinions on this category. GST is a consumption tax levied on the supply of goods and services within India. It’s a unified tax system that replaced multiple indirect taxes, simplifying the tax structure. The GST rate for a product category can vary based on its classification and government policies.
GST is levied by both the central and state governments. The specific rate applied depends on the nature of the transaction.
The GST rate is also applicable to online sales of products in this category. E-commerce businesses must comply with specific GST regulations, including the collection of GST from customers and remitting it to the government.
GST Impact- Gujarat set to regain its foothold in Pharma Sector
Gujarat which till 2008, had about 40% of its share in Country’s Pharma Industry, saw its share in the industry tanking to low of 20%... Read More
Post GST, Your finance department would need to undergo changes to adapt itself to GST compliances
2 min read
Your Finance department, post-GST comes in place, will need to adapt itself to new tax regime. These changes include taking care of GST compliances, input credit,... Read More
The Integrated Goods and Service Tax Act 2016 – Principles of Determination of Place Supply in Inter State Supply
Indirect taxation and the definition for supply are to change in the new age scenario today. The Integrated Goods and Service Tax Act 2016 is... Read More
GST Return and Refund – What’s the process involved in it
GST Return and Refund – What’s the process involved in it,and the situations where the refund process could be initiated are explained in detail below... Read More
Major Reform – Goods and Service Tax Bill Introduced in India,
Recently, Government of India has passed the Goods and Service tax bill in India. Taxes in India were collected in two forms i.e. State Government... Read More
Why is J&K State not accepting GST? What if J&K does not adopt GST
The Much talked about and ambitious bill by NDA Government, also touted as bill that would ensure reconciliation of inputs and outputs and thus eliminate... Read More
Shopping Online? How GST will affect Online Shopping and Ecommerce sites?
As online commerce and shopping sites are gaining popularity, various states are getting alive to fact of revenue they are losing. Currently, the state from... Read More
Excise Duty, Service Tax, Additional Custom Duties, VAT, CST, Entertainment Tax, Octroi or Entry Tax, Purchase and Luxury Tax would be subsumed into GST
Post implementation of GST, following Central Taxes would get subsumed into GST Central Level Excise Duty, Additional Excise Duty, Service Tax including applicable surcharges; Additional... Read More
Threshold Turnover limit for registration under Rs 25 lacs and 24 x 7 Call Center would be available
1 min read
Threshold Turnover limit for registration under Rs 25 lacs and 24 x 7 Call Center would be available
Revenue Secretary, Ministry of Finance, Government of India announced in a recent Press Conference that traders having turnover lesser than Rs 25 lacs per year... Read More
ITAT Amritsar: No Section 269SS Violation for One-Time Cash Payment Before Sub-Registrar 
Tax Officials Unleash Digital Dragnet: How New Raid Powers Redefine Privacy, Property Rights in India and likely to Fuel Corruption 
Income Tax Department Rewards for Reporting Tax Evasion: A Comprehensive Guide 
Forfeiture of Gratuity by Employer- What are the Remedies for an employee- Can employer be challenged?