News

Service tax, GST added to AGR dues
Published On:18-02-2020

Carriers including Bharti Airtel and Vodafone Idea, along with Tata Teleservices, Telenor, Aircel and Reliance Communications, have to pay Rs 1.47 lakh crore to the government at the earliest, after the Supreme Court came down heavily on the companies for not paying by the deadline it had imposed.

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Alternative Slabs To Take Country Towards A Simplified Income Tax Regime
Published On:17-02-2020

The Budget 2020-21 has introduced more tax slabs and offers higher limits provided the taxpayer is ready to forego all the existing exemptions and deductions.

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Interest on Delayed GST Payment Will Now be Calculated on Net Tax Liability
Published On:17-02-2020

Businesses, other than those under the composition scheme, registered under goods and services tax (GST) have to file returns (GSTR-1) showing tax liability by 11th of the following month and pay taxes by filing GSTR-3B by 20th.

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SC stays extension of deadline for filing annual GST returns
Published On:11-02-2020

Annual GST returns

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Tax dept wants cos to pay GST on non-compete fee
Published On:10-02-2020

Strategic investors and others that have bought businesses and entered into these contracts with the sellers have received notices from the indirect tax department, demanding that they pay goods and services tax at 18% on the non-compete fee.

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Budget 2020: Tax settlement scheme not open to launderers
Published On:06-02-2020

The scheme won't cover cases related to overseas assets, or prosecutions under PMLA, benami or I-T Act.

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Govt plans GST lottery offers of Rs 10 lakh-Rs 1 cr for encouraging customers to ask for bills
Published On:05-02-2020

Every bill under GST is supposed to be a price-winning lottery ticket. It will go for a draw and price are so high that people will say that by not saving 28 per cent, I have a chance of winning Rs 1 crore or Rs 10 lakh.

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GST: CBIC extends GSTR-9 and GSTR-9C filing dates to February 5 and 7
Published On:05-02-2020

This is the second extension in due dates since January 31, 2020

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Union Budget 2020: Fake invoicing under GST a non-bailable offence
Published On:03-02-2020

Sitharaman announced that the new GST return framework and e-invoicing would be implemented from April 1, to improve compliance and plug the tax revenue leakages

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