GST Tax

With the inflation rate ruling at an all-time high, there is hardly any scope for GST rate rationalisation, say sources

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

March GST higher than expected, direct tax collection jumps

Taxpayer can pay SGST using IGST credit before using the latter to set off CGST liability

The author's favourite theory is that black money cannot be removed by the GST

Under Income Tax Act, tax collection at source is levied at 1% on purchase of vehicles above Rs 10 lakh, jewellery exceeding Rs 5 lakh and bullion over Rs 2 lakh

An order to this effect has been given by Appellate Authority for Advance Ruling (AAAR), Odisha, in a case relating to NALCO and order given by Authority for Advance Ruling, or AAR

Merchanting trade, when an Indian buys goods from a foreign country and then sells these to a buyer in another country, without bringing the goods into India, will not attract GST

The accused allegedly obtained GST registration, GST identity cards, login-password, SIM cards, bank accounts and online passwords in the name of dummy owners

The panel would also examine the legality of inclusion/exclusion of land or any other ingredient, in composition and suggest valuation mechanism

The avalanche of notifications and circulars show the GST regime is yet to stabilise

Gandhi also attached a video of his election campaign during the Gujarat Assembly polls last year in which he had made the GST's 'flawed implementation' a key issue