Tag: vat
Petrol, diesel prices on July 4: Check latest rates in your city
Petrol and diesel prices have remained consistent over the past year following the last rate revision in May 2022. Varying rates are implemented across different…
Petrol, diesel prices on June 20: Check latest rates in your city
Petrol and diesel prices remained steady on Monday, continuing their stable trend. In the national capital, Delhi, petrol is priced at ₹96.72 per litre, while…
Petrol, diesel prices on June 19: Check latest rates in your city
Petrol and diesel prices on Monday maintained their stable trend. In Delhi, the national capital, petrol and diesel prices stand at ₹96.72 and ₹89.62 per…
gst: In a relief to contractors, Karnataka HC asks govt bodies to bear differential GST burden
The Karnataka High Court has ruled that contractors, whose projects fell between the VAT and GST regimes, need pay the applicable tax rate prevalent during…
Online editions are not newspapers in tax terms, UK top court rules
LONDON: Digital editions cannot be treated as “newspapers” for tax purposes, Britain‘s top court ruled on Wednesday, dismissing an appeal brought by Rupert Murdoch‘s News…
GST Act | Small Businesses: Decriminalisation of GST Act: Why it can be a big reprieve for small businesses in India
The introduction of Goods and Services Tax (GST) was a bold step towards digital transformation of tax administration. GST introduced the concept of uniform tax…
GST: From payment for not serving notice period to cheque dishonour, CBIC clears the air
With the completion of 5-years since the introduction of GST, the certainty of tax positions and ease of compliances for taxpayers have emerged as key…
tax law: How uniformity in tax law made a common national market
One of the major positives of the GST roll-out is the consolidation of over a dozen indirect taxes into a single tax. Also, unlike the…
GST India: 5 years of GST: Has it done enough to propel Make in India?
On 1 July 2022, we will reach a new milestone in the indirect tax reform journey. GST, which subsumed most of the erstwhile indirect taxes,…
GST News: GST’s half-a-decade journey: Tech usage to plug revenue leaks, Rs 1.3 lakh cr monthly tax ‘new normal’
India’s biggest tax reform, the Goods and Services Tax (GST), completes its half-a-decade journey on June 30, with many hits and some misses, and also…