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,......
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......
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......
A new cess called the Krishi Kalyan Cess (KKC) has been introduced on all taxable services at 0.5 per cent. This will effectively increase the service tax rate to 15 per cent. Image:......