The GST Council, at its latest meeting, announced a plethora of disparate decisions. This includes a retrospective amendment to Section 17(5)(d) of the CGST Act, 2017 by replacing the word “plant or ...

Allahabad HC rules that GST cannot be levied on work contracts executed under the VAT regime. Payments received later do not attract tax, penalty, or interest under ...

While Prime Minister Narendra Modi’s electoral promise of a crore new jobs every year, remains a distant dream, the impending Goods and Services Tax (GST) could prove the genie that would create more ...

The GST Council, led by Union Finance Minister Nirmala Sitharaman, has introduced a new structure, making a major and much-awaited reform in the tax system. Instead of the four tax slabs (5%, 12%, 18% ...

A survey by the All India Trade Union Congress (AITUC) in July found that a fifth of India's 63 million small businesses – ...

With the goods and services tax reforms (GST 2.0) having been rolled out as a Diwali gift, the moot question is, how does it affect the tax revenue, especially of the states? It is generally ...