Goods and Services Tax

Not Filing GST? Your Bank Account Can Be Frozen, GST Registration Cancelled As Per New Rules As per the reports, the non-filing of Goods and Services Tax (GST) returns could result in attachment of bank accounts or cancellation of…

Govt. May Increase 5% GST Slab To 6%; Govt Plans To Extract More Tax Revenues From You! As per the reports, the Goods and Services Tax (GST) council may consider a hike in tax structure and could increase the existing 5% rate to 6% to…

Under the second tenure of Modi government, reforms have been introduced to curb tax evasion using data analytics. This is the first time since the launch of GST on July 1, 2017 that the Centre has started to match income tax returns…

As per some insiders sources, Indian Railways drew criticism from all quarters, because of this decision to impose a penalty on extra luggage.

In a very strange move, Income Tax Dept. last month had issued a notification wherein every bank was ordered to pay GST on free banking services rendered to bank customers who are maintaining minimum bank balance. As per latest updates…

Income Tax Dept. has officially removed all GST charges from duty-free shops in airports, all across the country. However, this no GST ruling is only applicable for international tourists, who are entering or leaving India.

GST Simplified! In a sweeping change, GST Council has simplified the overall GST filing to just one filling per month. This will provide a great relief to all those businesses, who generate lots of invoices and challans in a year. Besides,…

As per Randstad study, an average employee in Bengaluru gets the maximum salary in the whole country. Rs 10.8 lakh is the average salary of a professional in Bengaluru, as per the findings of the study. The study found that employees in…

If e-commerce portals and online sellers thought that GST reductions will be profits for them, then they will have to think hard now. National Anti-Profiteering Authority has indicated that e-commerce companies would be soon asked about GST…

GSTN was established as a separate nonprofit organisation, having Rs 10 crore as initial capital. Right now, Centre and State Governments hold only 24.5% stake each in GSTN, which is described as a separate company. Govt. wants 100% control…