Besides selling movable and immovable assets to make recoveries, taxmen filed prosecution cases against those not paying the demand.
The panel decided to omit the reverse charge mechanism (RCM) clause from the GST law under which registered taxpayers buying from unregistered taxpayers have to deposit the GST.
The central government wants to impose the levy; many states are opposed - at least, to the Centre doing so
GSTN is planning a disaster recovery drill and hence services will not be available for 12 hours, between 9am and 9pm, on July 1, and has requested the taxpayers to plan GST-related activities on the portal accordingly.
Reaching a consensus might also get tougher, as already seen with issues like inclusion of natural gas in GST and imposition of a sugar cess, both central proposals being resisted.
The ambiguity arose after notices were sent to lenders for non-payment of service tax under the pre-GST regime
India studied the Malaysian model, which was scrapped on Wednesday, before implementing the GST and borrowed the anti-profiteering clause to ensure GST benefits are passed on to the end-consumer by the industry
Currently, companies are taxed in the jurisdictions in which they have a physical presence. However, digital businesses generate revenues from markets without a significant physical presence in a country.
The GST Council on Saturday is expected to extend the date for IGST exemption and cess on imports
Additional solicitor-general says extra-neutral alcohol liable to new tax
The GoM will meet on Saturday to finalise single-stage, simplified, return filing under the GST; report will be placed before GST Council on March 10.
Newspaper readership was 50 per cent in the 16-19 year age group, the highest in any age segment, followed by 42 per cent each in the 12-15 years and 20-29 year age group.
India and Singapore had in 2013 amended the DTAA to help exchange banking and tax-related information more effectively.
Agriculture implements that are currently taxed up to 18 per cent may come under the 12 per cent or the 5 per cent bracket.
Short-term capital gains tax of 30% is likely to be levied if bitcoin is held for less than three years and 20% if held for longer than 36 months.
'Our stable outlook currently points to the fact that the ratings are likely to remain stable for the next couple of years.'
The Income Tax Act might be amended to give effect to "jurisdiction-free assessment"
GST council may propose a faster refund procedure, deferment of electronic way bill, further simplification of composition scheme
Govt doesn't buy restaurants' input tax excuse and has swing into action and looking into profiteering complaints on social media against prominent restaurant and franchise chains.
'At the end of the day, we want to see maximum items out and only few items remaining in the 28 per cent slab.'
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