GST

A total of 215 tax evaders arrested by GST Intelligence authorities, recovering over Rs 700 crore in 2 months. A total of 215 people have been arrested under the accounts of tax evasion, by the Directorate General of GST Intelligence…

Year 2020 has been crazy, unpredictable and chaotic but also the one of endurance and courage. We hope in 2021 sun shines upon each and every one of us. A lot is happening this New Year, and we have you all covered. Please read the…

Government introduces the new Rule 86B in GST Rules, as per which businesses will no longer be allowed to make use of input tax credit for discharging GST liability to 99%. In order to curb tax evasion by faking invoices, the Central…

Over 5 lakh firms could be losing their GST registration for not filing tax returns. The Revenue Department set a deadline of five days starting November 20 for the transactions done in October. As lakhs of firms have failed to file the…

Cars, Bikes Will Become Cheaper; Govt Can Reduce 10% GST For All Automobiles Yesterday on Sept 4, the Union minister of Heavy Industries and Public Enterprises Prakash Javadekar assured that the government is looking into a decision on…

Govt 'In No Position' To Pay GST Dues To State; Can Rework The Formula Due To Dip In Tax Revenues In a meeting held on Tuesday, the Union Finance Secretary Ajay Bhushan Pandey told the Parliamentary Standing Committee on Finance that…

Govt Imposes 18% GST On Alcohol-Based Hand Sanitizers During Coronavirus: Unfair Decision? In a shocking development, Govt has imposed 18% GST on alcohol-based hand sanitizers. Since coronavirus pandemic is refusing to slowdown,…

Xiaomi, Poco, Redmi, Oppo Price Hiked By Upto Rs 2000; Here Are The New Prices Due To 50% GST Hike Update: We have received an official statement from Oppo on this development: “As a customer-centric technology brand, OPPO is…

"Baba Ramdev's Patanjali Denying GST Benefits To Customers; Rs 75 Crore Penalty Imposed" The National Anti-Profiteering Authority (NAA) has fined Patanjali, founded by Baba Ramdev for not passing on the price benefit to the consumers…

Higher GST has been imposed on mobile phones in India, and this will indirectly add up to the cost making mobiles costlier in India. GST on smartphones has been increased from 12 percent to 18 percent. Mobiles Will Cost More, New GST…