It may be noted that GST rate on hotel accommodation depends on the amount paid per room accommodation per day. Presently from 18.7.2022 onwards, GST is 12% for a room in a hotel which would cost upto ...

Union Finance Minister Nirmala Sitharaman will present her eighth straight budget on Saturday. From tax relief and job ...

In GST, the importance of reconciliation has increased multi-fold due to the compliance process that law brings in along with its legal provisions. The compliance process in GST generally requires ...

Governance, released by the Bureau of Indian Standards (BIS), has sparked concerns over its broad definitions and ...

At present, a high GST rate of around 18% on life and health insurance premiums makes plans too costly, which leads to many ...

News: Alternatively, the Government may consider the suspension of the USO contribution of 5% of AGR, till the existing USO ...

CNG two-wheelers currently attract 28% GST, which the heavy industries wants to be reduced to an ‘appropriate level’. This indirect tax system has grown far too complex. A GST regime with ...

Under GST, GSTIN of the supplier is mandatorily required to be mentioned in the tax invoice along with a consecutive serial number that is unique for each financial year. Hence, businesses must adopt ...

Dr. Bill Conerly earned a Ph.D. in economics from Duke. After three years as a professor, Dr. Conerly found his calling in the business world. He began as a corporate economist (PG&E, Nerco ...

Suppose the invoice is uploaded, and the person also takes it, even then, this problem will arise. Because you yourself will later on find out that the GST registration is incorrectly given." ...

Now a Goods and Service Tax (GST) proper officer can't arbitrarily arrest a GST registered person due to a recent amendment in GST arrest instructions. Moreover, now GST proper officers have to ...