Big businesses in India are happy with the introduction of GST but small and medium enterprises (SMEs) and start-ups that don't have required resources and expertise to facilitate GST compliance ...
Slug: Shock for small businessesAhmedabad: The GST department has introduced new rules, effective from Oct 10, that will impact tenants of leased commercial properties. Under these rules, if the ...
The Comptroller and Auditor General (CAG) has recommended that the Finance Ministry regularly identify high-risk taxpayers within the GST composition scheme and verify their declared sales figures ...
GST is paid by the e-commerce operator and not the supplier. Therefore, composition dealers are not restricted from supplying ...
The GST 2.0 storm looms over pharmacy retailers handling medicines, nutraceuticals and FMCG which are coming under the Composition Scheme and paying 1% tax on total turnover without input-tax credit.
“The Kashmiri shawl is not just a means of livelihood for us but an identity of Jammu and Kashmir. It is famous all over the world. The (previous) National Conference government banned the Shahtoosh, ...
The GST composition scheme is available to taxpayers whose aggregate turnover, in the preceding financial year, has not exceeded Rs 1.5 crore. For taxpayers in special category states, this limit is ...
The Comptroller and Auditor General (CAG) has asked the Finance Ministry to identify high risk taxpayers in the GST composition scheme on a periodical basis and verify from other sources, including ...
Based on an analysis of 8.66 lakh composition taxpayers under the central jurisdiction between 2019-20 to 2021-22 fiscals, the Comptroller and Auditor General (CAG) found that a significant number of ...
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