NEW DELHI: The due date for filing of return for availing input tax credit for financial year 2017-18 is Saturday as the government has turned down corporate India’s plea for an extension. The finance ministry, however, clarified that filing of details by suppliers and the facility to view it did not impact taxpayers’ ability to […]
NEW DELHI: Former President Pranab Mukherjee Friday said that the impasse over the Goods and Services Tax (GST) cannot be resolved politically and the supreme court will have to be involved at some key points. Delivering the 16th V K Krishna Menon Memorial Lecture on the topic ‘Sovereignty, International Law and Diplomacy’ here, Mukherjee replied […]
What is GST? The term GST stands for Goods and Services Tax. Actually, GST is a destination based tax, which has been invented across the country since last July. This tax can replace the former central taxes as well as duties such as Special Additional Duty of Customs (SAD), Excise Duty, Counter Veiling Duty (CVD), […]
The total GST collection will jump Rs 90,000 crore per month, a top official from Central Board of Excise and Customs (CBEC) said.
The World Bank says that India’s GST law is a bit complicated by the tax system of other countries around the world. World Bank has said this in a report.
PMO meet today to discuss GST refund for exporters New Delhi: The Prime Minister’s Office has finally decided to intervene between the Ministry of Commerce and the Ministry of Finance and after the failure of both the ministries to fail to reach an agreement on the GST refund for exporters of 100 crores, top-level meeting […]