Small businesses with turnover of up to Rs 75 lakh have time till July 21 to opt for composition scheme under the Goods and Services Tax regime, GST Network said today. To opt for composition scheme, the taxpayer needs to …
A day after the government said that sale of old gold jewellery will attract 3 per cent Goods and Services Tax (GST) via the reverse charge mechanism, it clarified that sale of old gold jewellery as well as old vehicles …
For the first time in the history of taxation in India we are now going to have multiple rates of taxes for services. We are going to have some services which are going to be exempted, some which are at …
It’s been two weeks after the Goods and Services Tax was rolled out on the intervening night of June 30 -July 1. The GST was meant to simplify the whole taxation system, however, it has created some confusion among traders …
Finally, the contours of the Goods and Services Tax (GST) regime has become clear with the two-day session of the GST Council at Srinagar coming to an end on 19 May (Friday). The GST Council has largely worked out the …