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Govt tweaks GST rules for claiming input tax credit

GST taxpayers will be required to reverse by November 30 the input tax credit (ITC) claimed in the last fiscal in case their suppliers fail to deposit the due tax by September 30, the finance......

ED allowed to share information about economic offenders with 15 more agencies

The government has allowed the Enforcement Directorate to share information about economic offenders with 15 more agencies, including SFIO, CCI and NIA, a move that will expedite nailing of......

Rationalisation in long-term capital gains tax structure on the anvil

The finance ministry is looking at rationalising long-term capital gains tax structure by bringing parity between similar asset classes and revising the base year for computing indexation benefit......

GST evasion: Taxmen get more teeth

GST officers can now launch prosecution against offenders in cases where the amount of evasion or misuse of input tax credit is more than Rs 5 crore, the finance ministry has said. Illustration:......

Pay more for pre-packed atta, pulses, curd as 5% GST kicks in from today

A 5 per cent GST rate kicked in on Monday on pre-packed and labelled food items such as cereals, pulses and flour weighing less than 25 kg. IMAGE: Union Finance Minister Nirmala Sitharaman chairs......

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Amrg Associates

News for Amrg Associates

Govt tweaks GST rules for claiming input tax credit

ED allowed to share information about economic offenders with 15 more agencies

Rationalisation in long-term capital gains tax structure on the anvil

GST evasion: Taxmen get more teeth

Pay more for pre-packed atta, pulses, curd as 5% GST kicks in from today

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