In a communication to field officers, the CBIC chairperson told different zonal offices to prepare their own annual strategies based on the priorities set by the CBIC.
Read MoreSchloss Bangalore's arm Tulsi Palace Resort gets ₹4.66 cr tax demand notices
Read MoreNew Delhi: The move by the Directorate General of GST Intelligence to (DGGI) close ₹32,403-crore of pre-tax proceedings against Infosys Ltd last week goes beyond the simple resolution of a tax dispute.
Read MoreData from GSTN, the company that processes GST returns, suggested that India’s factory output is holding up despite the uncertainty around exports in the wake of US tariffs.
Read MoreInfosys received a Goods and Services Tax (GST) demand closure notice on Friday, providing ₹32,403 crore relief to the IT major from the GST-demanded charges imposed by the DGGI earlier. Shares closed higher ahead of the closure development.
Read MoreMost Union and state government officials, experts and GoM representative have supported the proposal to remove the 12 per cent GST slab.
Read MoreThe GST Council is considering a reduction of tax slabs from four to three by eliminating the 12 per cent rate.
Read MoreThe founder of a small ed-tech firm in Bengaluru, Bhagat must pay goods and services tax (GST) on every invoice she raises—even when clients delay payments for months. The burden eats into her working capital, sometimes pushing her to borrow or dip into savings just to stay compliant. By year-end, nearly 3% of her revenue is lost to GST on unpaid dues.
Read MoreThe Allahabad High Court rejected Patanjali Ayurved's plea challenging the ₹273.50 crore GST penalty. The court observed that the tax authorities can impose penalties on firms under Section 122 of the GST Act through civil proceedings without requiring criminal court trials.
Read MoreGoods and services tax (GST) collections are buoyant, exceeding ₹2 trillion in the past two months. Mint looks at what they indicate about the state of the economy. Is it time to go ahead with the overdue rationalization of GST rates?
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