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GST anti-profiteering provisions: Not so profitable anymore
One of the grey areas is whether the anti-profiteering provisions can provide for a comparison of tax rates between the pre-GST and post-GST eras, says Niraj Bagri. Ilustration: Dominic......
Google, Panasonic, Suzuki among 100s of firms hit with 'unrealistic' GST notice
Top firms get GST notices on credit claims on Friday; replies sought within hours. Goods and services tax officers sent notices to hundreds of companies across Gurugram, Mumbai and Bengaluru on......
GST: As legal battles loom
Compliance requirements, valuation, input tax credit transfers are likely to lead to tax litigation, says Sayan Ghosal. Two months after coming into effect, India’s new indirect tax has......
Exporters will have to wait longer for GST refund
It is after the GST Network tallies invoice details with shipping bills that the refund claims can be processed. So, the refund could be delayed by over a month. In a huge relief to trade and......
How the 'mother of all tax reforms' actually evolved
The story of India’s fledgling indirect tax regime goes back a long way before 2000. In its essence, GST is a national level system of value added taxation of goods and services, says Shankar......
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