Software consultancy services provided by an IT company under a contract to a company which has foreign clients is liable to pay Goods and Services Tax (GST).
In a rec..
In a major relief to the GST taxpayers, the government has decided to cap the maximum late fee for Form GSTR-3B at Rs 500 per return for the extended tax period of July 2..
Warehousing demand has seen strong growth in the last few years and has recorded a significant 44 per cent CAGR since 2017, mostly after introduction of the goods and ser..
Finance Minister Nirmala Sitharaman on Wednesday said that the GST administration will have a major role to play in the objective of 'Aatma Nirbhar Bharat' or sel..
Goods and Services Tax Network (GSTN), the technology backbone of GST system, on Wednesday launched the facility of NIL filing of GSTR-1 through SMSes.
This will benef..
GST revenue collection in June stood at Rs 90,917 crore, up from Rs 62,009 crore mopped up in May and Rs 32,294 crore in April. "The gross GST revenue collected in t..
Industry body Assocham on Tuesday called for bringing petroleum products and real estate under the ambit of the Goods and Services Tax (GST).
According to Assocham'..
In a major move towards taxpayer facilitation, the government on Saturday allowed SMS filing of NIL GST statement in GSTR-1 form with effect from the first week of July.
The Central Board of Indirect Taxes and Customs (CBIC) has said that a blanket exemption of late fee would be unfair towards the taxpayers who filed February, March and A..
The value of exempted income sources, like interest on PPF, savings bank account and loans given to family and friends, will be included along with taxable supplies while..
The alleged mastermind of the Rs 400 crore GST evasion scam, Kishore Wadhwani was arrested late on Monday night from a five-star hotel in Mumbai and brought to Indore. He..
The GST Council is considering the correction of the inverted duty structure as it has impacted revenue collection, along with resulting in higher outflow of refunds.
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