Shift to formal trade slower than expected
According to a recent report,Goods and Services Tax (GST) which was introduced in 2017 has seen the Indirect tax collections increased.However, shift in trade towards a formal economy has been …
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Anti profiteering body can act sans complaints
National Anti-Profiteering Authority (NAA) chairman has said that Consumer complaints are not the only reason for the authority to act.NAA offices can take with the help of mock purchases to …
Read MoreIndirect tax collection may fall short, says Garg
The Central government has said that it may fall short of the Goods and Services tax(GST) target this financial year.However,government is confident of reaching its direct tax collection target for …
Read MoreGST: jewellery set to turn cheaper
The Central Board of Indirect Taxes and Customs (CBIC) has said that the Tax Collected at Source(TCS) amount would be excluded from the value of goods while computing the Goods …
Read MoreBring LPG conversion kits under 5% GST: IAC
Indian Auto LPG Coalition (IAC)has appealed for a reduction in the goods and services tax (GST) rates on LPG conversion kits for automobiles from the current 28% to 5%. This …
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