Tax experts say one of the most dispute-prone proposals is making "fraudulent availing" of input tax credit (ITC), without an invoice or bill, a cognizable and non-bailable offence. While Finance......
Any business that makes inter-state supply is outside the ambit of the scheme The National Capital Region (NCR), one of the biggest markets in the country, spanning three states - Delhi, Haryana,......
Introduction of GST would make Indian products competitive in the domestic and international markets. India Inc on Tuesday said it is looking forward to introduction of the......
Common items between Centre and states - bread, eggs, milk, vegetables, cereals, books and salt - will continue to be exempted. Tea, coffee, biscuits and some medicines, currently exempted from......
Businesses that are engaged in both taxable and non-GST supply have re-structured themselves into separate entities to avoid elaborate compliance, says Sudipto Dey. Siddharth Neogi, a senior......