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Tax authorities alert foreign tech firms of GST to avert nasty surprises : Rashtra News #Tax #authorities #alert #foreign #tech #firms #GST #avert #nasty #surprises Mumbai: Indian tax authorities are alerting overseas gaming, fintech and content service providers in distant jurisdictions like the US, Malta, and Curacao about the goods and services tax (GST) law ....
Budget News: The input tax credit mechanism for multi-centre firms has been tweaked under GST. Learn about the changes and their impact on working capital and compliance. Find out how the Input Service Distributor (ISD) mechanism is now mandatory for transferring input tax credit. ....
Simplification of Goods and Services Tax (GST) law, rationalisation of rates, and removal of tax inversion are among the priority for the government of India, Tarun Bajaj, Revenue Secretary, Ministry of Finance, said on Tuesday. ....
Finance ministry notifies new reduced GST rates on Covid essentials The reduced rates, which have come into immediate effect, will remain in force till September 30, 2021 The finance ministry has notified the new reduced goods and services tax (GST) rates on Covid essentials but remained silent on the rates of the items that are with the stockists. The reduced rates, which have come into immediate effect, will remain in force till September 30, 2021. Advertisement “It is better that the government should clarify for no disputes. stockists should be allowed refund as they have paid higher rates of GST on stocks prior to the latest notification and will be selling at a lower rate,” Bimal Jain, tax expert, said. ....