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Fuel inclusion, rate revamp likely on today’s GST Council agenda
GST rate rationalisation may involve merging 12% & 18% slabs into a single rate of around 15%; Removal of GST on fertilisers likely to be discussed
GST intelligence unit detects over Rs1.98L cr worth tax evasion cases...
In 2023, DGGI arrested 140 masterminds and detected 6,323 cases involving evasion of duty of Rs1.98L-cr with a voluntary payment of Rs28,362-cr, as...
CEAT gets GST penalties
New Delhi: Tyre maker CEAT Ltd on Wednesday said it has received GST demand and penalties totalling over Rs 19 crore from tax authorities in...
LIC not happy with Rs 806-cr GST diktat
Insurer to appeal against it, says it’s difficult to segregate the premium amount for endowment policy into taxable and non-taxable portions
Biz or benevolence? GAAR puts India’s CSR on trial
In this evolving business environment, the verdict may prompt companies to reevaluate their CSR approaches, potentially transforming the nature of...
ITC claimable on gold coins, white goods
New Delhi Businesses can claim input tax credit (ITC) on items, like gold coins and white goods, procured for distribution to dealers upon...
Govt for decriminalising select offences under GST
Currently, the law provides for launching prosecution against offenders in cases where the amount of evasion or misuse of Input Tax Credit is more...
18% GST on rent likely to dampen rental housing biz
The recent introduction of 18 per cent GST on residential rentals across India is likely to be a major dampener for the business of rental housing in...