GST Bill

While smartphone market in India grew last year in 2016, 2017 isn’t going to be that good for handsets. 4G handsets saw unprecedented growth last year, because of a couple of elements, but shipments of handsets in 2017 is going to see…

Under the new GST regime, the date of implementation of which is still under doubt, is going softer on culprits of tax evasion and other soft crimes. After a meeting of the GST Council, it has been decided that tax evasion of less…

GSTN, the company which is building the massive IT infrastructure for Goods and Services Tax regime in India has silently released the mega-portal for GST. Interestingly, the website was made live on the same day when PM Modi announced…

Centre and State Governments have finally reached a consensus on determining the tax rate slabs under Goods and Services Tax Bill. This will help in breaking the barriers which restrained pan-India implementation of GST and in unifying…

After the legalities of GST (Goods and Services Tax) has been taken care of, it’s the turn of technicalities to be handled. And going by Government of India’s firm steps towards achieving it, GST is all set to be implemented effective…

Income Tax Department has released the first draft of rules pertaining to tax filing under the new GST regime. Rules pertaining to invoice and payments, registrations, show-cause notices, procedures, and documents related to tax…

As of now, 14 states have ratified and approved GST Bill, which means that we are only two states short of the magical figure of 16 states with approval, which will make GST as the pan-India rule. As GST is becoming closer to…

The long awaited constitutional amendment to Goods and Services Tax (GST) finally sees the light of the day. Given that the businesses in our country face several hurdles in dealing with 29 states, 7 union territories and of course the…

Last year in the month of May, Lok Sabha passed the GST Bill, which was hailed as the biggest tax reform of India since Independence. However, due to political reasons, the Bill couldn’t pass the Lok Sabha’s approval since then.…

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