GST Tax

The CBIC issued circular clarifying guidelines on recovery proceedings for the period 2017-18 and 2018-19

So far, the CBIC has made 960 arrests, including of 20 chartered accountants, under the current provision

Do you need to pay 18% GST on rent?

Levying of Goods and Services Tax (GST) on home rent is also worrying people in some quarters. Who all will pay this tax on rent? Let us find out

Businesses with a turnover of less than Rs 40 lakh per annum and salaried individuals are not required to pay the GST on rent under the new rules

The rent of apartments for top executives will attract an 18 per cent Goods and Services Tax (GST)

Says it will build a robust tax system without being intrusive

States will demand an extension of the compensation period or a change in the GST revenue distribution formula

This ground report from Howrah talks about how the mid-sized and smaller players lost ground

The government has tightened GST norms. But some of the changes have caused "inconvenience" to taxpayers, to say the least.

The ministerial panel, headed by Karnataka CM Basavaraj Bommai, will be meeting for the second time since it was set up in September last year

A GST tax rate rationalisation is likely to be delayed due to elevated inflation, sources said on Wednesday. The Goods and Services Tax (GST) regime taxes goods and services in four tax slabs of 5 per cent, 12 per cent, 18 per cent and 28 per cent. It was being considered to reduce these tax slabs possibly to 3, an exercise which would have involved raising taxes in some items and a reduction in others. But with inflation rate ruling at all-time high, such an exercise is likely to be delayed, sources said.

15th Finance Commission has suggested merging 12 and 18% tax rates

GST collection in June rises to Rs 90,917 crore from Rs 62,009 crore in May and Rs 32,294 crore in April

According to government sources, frozen parota (layered flatbread) does not qualify as a staple item

It is a very inappropriate time to consider hike in GST rate of mobile phones from the current level of 12 per cent, it added

Chavan said the government must tell by how much income of farmers has increased in the last five years, as part of its promise of doubling their income by 2022

The racket was busted by the anti-evasion wing of CGST Delhi South Commissionerate

The finance minister assured the stakeholders that their suggestions on simplification of GST filing will be implemented soon, Revenue Secretary Ajay Bhushan Pandey said after the meeting

Vinod Subramaniam, CEO, Logo Infosoft, explains the criteria, requirements, processes for filing GSTR-9C and its importance in the context of GST audit

According to GST anti-profiteering rules, companies have to pass on the benefit of reduction of taxes to consumers by way of commensurate cut in product prices