"We would urge government of India to re-introduce ITC for restaurants," Singh said
Companies, mainly in FMCG and IT segments, complain of ambiguity in rules
The place of supply of goods would be the location at the time the delivery of goods terminates for supply to the recipient
At 23.2%, the transport sector saw the largest drop in the marginal tax rate. At 0.9%, agriculture saw the lowest drop
A lot more needs to be done in terms of infrastructure boost that should translate into opportunities for private sector, says Sandeep Jajodia
The service charges, if any, levied by the Customs house agent (CHA) towards his services shall be leviable to GST
The government is looking at simplifying the anti-profiteering application complaint form to allow the public to file profiteering complaints against firms
Merchant exporters which procure goods on payment of only 0.1% GST are now barred from exporting on payment of IGST and claiming refund of this
Says banks' performance will be under test after recapitalisation
Hundreds of firms, including Google India, Hitachi, asked to respond by same evening
A cess is levied on these goods to help cover the loss suffered by the states
In India, food items have been placed in zero or the minimum slab while luxury items get taxed more, says Arun Jaitley
There is no provision to take ITC of CVD and SAD in the current GST laws
Govt tightens grip as revenue falls short
States had also been given the option to exempt movement of goods within 10 km radius: Official
ClearTax Chief Executive Officer Archit Gupta said there should be changes in the format of GSTR1, a form for filing supply returns
Exporters said a staggering Rs 50,000 crore worth of tax refunds were yet to be released by the Centre and state governments
Earlier, tax evasion was rampant as some preferred not to pay tax by resorting to cash dealing
The January meeting will not discuss rate reduction and the focus will be on stabilising revenue collection
Karnataka got maximum compensation from the Centre at Rs 3,271 cr, followed by Gujarat at Rs 2,282 cr