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Vat Invoice

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Modi rules out single rate under GST, says Mercedes and milk can't have same tax

Prime Minister Narendra Modi on Sunday ruled out a single tax rate under the Goods and Services Tax, saying a Mercedes car and milk cannot be taxed at the same rate and accepting Congress......

6 years of GST: Rs 1.5 trillion monthly tax revenues becomes 'new normal'

Six years after the rollout of the biggest indirect tax reform in India, Goods and Services Tax (GST) revenue of Rs 1.5 lakh crore every month has become a new normal and tax officers are focusing......

GST evasion of Rs 55,575 cr detected in last 2 years

GST authorities have detected GST fraud of Rs 55,575 crore over the last two years and arrested over 700 persons for causing loss to the exchequer, an official said on Thursday. Illustration:......

VAT to cover Army canteens, welfare bodies

Local tax exemptions available to armed forces canteens, local government bodies as well as tax benefits on sales by social welfare organisations like Child Relief and You will not be available......

India lost Rs 90K cr to false trade invoicing, says US think-tank

India lost a staggering USD 13 billion, over Rs 90,000 crore, to trade misinvoicing, equivalent to 5.5 per cent of the value of the country's total revenue collections in 2016, according to a......

Buying a car? 7 things your dealer may hide from you

When you have firmed up plans for buying a car, be extra cautious of the hidden charges which the dealer may hide from you at the time of booking.   Buying a car may be one of those few......

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