From July’17 with the introduction of GST the Real Estate is becoming costlier with higher tax. Air conditioners and Refrigerators are becoming costlier post GST as they are coming under the tax bracket of 28%. […]
Dining out get expensive: GST on Non-AC restaurants will be 12%. 18% GST will be levied at air-conditioned restaurants with liquor license. Cab rides are marginally cheaper: Present rate of tax is 6% and […]
The fitment of rates of goods were discussed today during the 14th GST Council meeting held at Srinagar, Jammu & Kashmir. The Council has broadly approved the GST rates for goods at nil rate, 5%, […]
A four-tier GST tax structure of 5, 12, 18 and 28 per cent, with lower rates for essential items and the highest for luxury was decided by the all-powerful GST Council on Thursday i.e 18th […]
The effect of the GST Implementation can be either positive or negative on the Pharma Industry. There may be some new operational modalities to be adopted by the Pharma Industry.
Impact of GST on both enterprises and consumers, a commentary from Tax Experts from EZTax India
After launching the ambitious e-nivaran facility for online redressal of taxpayers/ grievances, the income-tax (I-T) department has now opened these windows at its 60 special offices across the country. The facility will soon be launched […]
Moving goods worth more than Rs 50,000 under GST will require prior online registration of the consignment and securing an ‘e-way bill’ that tax officials can inspect anytime during the transit to check tax evasion.
Do not take unusual excuses which the British Governments Tax Collector would receive generally from the Customers who fails to file their return in time such as “My tax return was on my yacht … which caught fire” “A wasp in my car caused me to have an accident and my tax return, which was inside, was destroyed,” was another, . “My wife helps me with my tax return, but she had headache for 10 days” while several blamed children, partners or colleagues for inadvertently destroying their forms.
No VAT on items sold at a discount of 40% or above in India. Update from National Consumer Disputes Redressal Commission