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Govt's tax amnesty scheme sees little success
By November 3, only 17,000 applications with tax payable amounting to Rs 1,100 crore have been received by the government, under the Sabka Vishwas Legacy Dispute Resolution Scheme. The scheme gives......
The biggest challenge facing India Inc
The immediate concern for all companies is to prepare themselves - and their vendors and suppliers - for the new GST return filing mechanism, being test piloted from April 1. Illustration: Uttam......
Kerala floods: Businesses may have to return GST credit on destroyed goods
The business would also not be allowed to claim any un-availed input tax credit for “goods lost” or “destroyed”. Businesses in Kerala, still trying to recover from the......
GST regime: Five ways how doing business will be different
GST compliance will certainly push up cash flow requirement. Most experts feel GST rules have the potential to trigger legal dispute for taxpayers. With the implementation of the goods and......
GST to apply on passport services, issue of birth certificates
The GST will also be applicable on the non-compete amount given by an employer to an outgoing employee, report Indivjal Dhasmana and Sudipto Dey. Government services such as issuing of......
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