A very simple reversal of ITC has a lot of unanswered questions and issues for the trade which have to be sorted out in the next few days. The real estate sector is one of the most important pillars ...

The GST Council may consider cutting tax on air and water purifiers from 18% to 5%, amid worsening air quality and calls to ...

The central government approaches issues with an open mind and Prime Minister Narendra Modi directed amendments in the Goods and Services Tax (GST) once he came to know of the practical difficulties, ...

This outlines the new Rule 14A scheme for quick GSTIN allotment. Key takeaway: eligible taxpayers can receive GST registration within three working days with minimal manual ...

The Times of India' brings you 'Hack of the Day' — a new weekday-series of quick, practical solutions to everyday hassles.

The Goods and Services Tax is “not practical at all,” especially in the luxury and information technology services categories, Priyank Kharge, the IT minister for Karnataka told Moneycontrol in an ...

THIRUVANANTHAPURAM: Finance Minister K N Balagopal, on Tuesday, said that some practical problems of Goods and Service Tax (GST), which were evident from the beginning, are yet to be resolved. “I was ...

"Teething (practical) problems do arise in a new system (in vogue) but we don't, at all, want consumers and businessmen to face problems due to GST. So, the practical problems in the GST (execution) ...

Rajnath Singh claimed that traders were "extremely happy" with decisions taken in GST council meeting. Lucknow: The central government approaches issues with an open mind and Prime Minister Narendra ...

To facilitate the taxpayers, Government needs to provide a hassle-free refund process. An uninterrupted and adequate refund mechanism is essential for tax administration. It facilitates trade by ...