Business owners, whose GST registrations were cancelled for non-filing of returns can now apply for revocation by June 30 | Representative image The government has allowed businesses, whose GST registrations were cancelled for non-filing of returns, to apply for revocation of the cancellation by June 30, after paying due taxes, interest and penalty. The Finance […]
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Why have pre-packaged and labelled food items been brought under the tax net now? Why have pre-packaged and labelled food items been brought under the tax net now? The story so far: From July 18, a 5% Goods and Services Tax (GST) has been levied on several food items and grains that are sold in […]
Continue ReadingNirmala Sitharaman and her State counterparts, had pruned the exemption list and imposed tax on a host of goods and services Nirmala Sitharaman and her State counterparts, had pruned the exemption list and imposed tax on a host of goods and services Customers will have to pay 5% GST on pre-packed, labelled food items like […]
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A lot of work still needs to be done to prune GST-exempted items, especially in the services sector, Revenue Secretary Tarun Bajaj said on Tuesday. Addressing a CII interactive session, Mr. Bajaj said efforts are on to remove the ‘rough edges’ in Goods and Services Tax (GST) over the next two-three years. On rationalisation of […]
Continue ReadingOfficials of cooperatives say that the prices of milk by-products will be increased if GST is raised on dairy machinery and milk machines Officials of cooperatives say that the prices of milk by-products will be increased if GST is raised on dairy machinery and milk machines The decision of the GST Council in its 47th […]
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States should get direct taxation powers, extension of revenue guarantee, says Praveen Chakravarty, Chairman of the Congress Data Analytics Department States should get direct taxation powers, extension of revenue guarantee, says Praveen Chakravarty, Chairman of the Congress Data Analytics Department The GST Council is meeting in Chandigarh on Tuesday and Wednesday even as the tax […]
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As taxpayers face technical glitch on the GST portal, the government on Tuesday said it was considering extending the April tax payment deadline and had directed Infosys for early resolution of the problem. The Central Board of Indirect Taxes and Customs (CBIC) said a technical glitch had been reported by Infosys in generation of April […]
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