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Recently, many changes have been made in respect of interest and tax rates, however, the official date of applicability was yet to be announced. In the last GST council meeting also, it was decided to reduce the tax rate on Electric Vehicles (EVs) and their charges. …

Numbers of fraud cases were identified and many GST taxpayers have been arrested in previous two months on the grounds of evasion of GST. The government is continuously struggling with the issue of tax evasion through fake invoices. The indirect tax department has already detected such …

Chandigarh’s JW Marriott was fined Rs 25,000 by the Chandigarh Excise and Taxation department for illegally levying 18 percent GST on fresh bananas served to actor Rahul Bose.  The fine was levied on charging GST on the fruits as “Fresh fruits are tax-free under the GST …

Facts of the case: “The national institute of bank management (NIBM), is registered as a society, a premier academic cum training institute was established in 1969 by RBI. NIBM has contended that the Reserve Bank of India, State Bank of India and other public sector banks …

The 36th GST council meeting which was going to be held through video conferencing on 25th July has been postponed as Finance Minister was pre-occupied in Parliament for discussion amendments regarding the Insolevncy and Bankruptcy Code. Read more: https://capage.in/ibbi-amends-insolvency-and-bankruptcy-board-of-india-insolvency-professionals-regulations-2016/ The meeting has to decide the reducing the …

The 36th GST Council meeting chaired by Finance Minister Nirmala Sitharaman, was held via video conferencing, where the key decisions have been decided. Key takeaways from the GST Council meetings are: GST on Electric Vehicle (EV): As the discussion on reducing GST rates on Electric Vehicle …