Are you a trader, manufacturer or restaurant owner? Under GST or goods and services tax, the new indirect tax regime, you are not required to register or pay tax if your annual turnover is below Rs 20 ...

Three days from now, India will see its biggest tax reform come into being in the form of the Goods and Services Tax GST. Aimed at subsuming a plethora of other taxes into a single indirect tax for ...

The meeting holds significance as the department is in the process of formulating the policy. (Representative image) Ease of Doing Business for MSMEs: More small businesses are likely to sell on ...

Let’s start with the basics. The GST Act prescribes turnover thresholds for mandatory registration. For goods, registration is required once annual turnover exceeds ₹40 lakh, and for services the ...

The option to pay Goods and Services Tax (GST) at reduced rate of 6% would be effective from the beginning of the financial year or from the date of obtaining new registration during the financial ...

GST Council meet: The 47th GST Council meeting that is currently underway is slated to discuss a host of issues, including a mechanism for compensating states for revenue loss, tax rate tweaks in some ...

New Delhi: The government today extended the deadline for small businesses to opt for the composition scheme in the GST regime by nearly four weeks to August 16. Small businesses with turnover of up ...

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 ...

Answering a query on whether an entity which runs a manufacturing unit as well as a trading arm can have two different registrations, Hasmukh Adhia said it was an option and such a business can ...