Taxation & GST Updates

Strategic Alliance Between Maersk and Saudi Post to Boost Global eCommerce in Saudi Arabia In a monumental stride towards enhancing cross-border eCommerce operation fulfillment in the Gulf, Maersk Saudi Arabia and Saudi Post Company (SPL)…

Fake GST bill racket worth ₹1,000 cr busted by DGGI Synopsis The Directorate General of GST Intelligence (DGGI) has busted a gang of 'fake GST bill operators' who used to run a syndicate to help companies, especially in the metal and…

New GST rules in effect from today for businesses with turnover of over ₹100 crore. Details here Currently, businesses upload such invoices on Invoice Registration Portal (IRP) on the current date, irrespective of the date of issue of such…

New GST Rules From Today For Businesses Over Rs 100 Crore Turnover As per the new GST rules which comes into effect from today, businesses which have a turnover of Rs 100 crore or more will now have to upload their electronic invoices on…

New GST rules in effect from today for businesses with turnover of over ₹100 crore. Details here Currently, businesses upload such invoices on Invoice Registration Portal (IRP) on the current date, irrespective of the date of issue of such…

Focus on GST simplification and ease of doing business The announcement of the Union Budget is one such opportunity where the Government can create a favourable ecosystem for the retail industry. – By Sanjay Kalirona The…

Is India's External Account Becoming Vulnerable? Rising global commodity prices have widened India's current account deficit to 2.8% of GDP in Q1. But RBI Governor says, forex reserves compared favourably with most peer economies. Here's…

The Centre is weighing a few options to give some revenue relief to state governments hit by the termination of the Goods and Services Tax (GST) compensation effective June 30, 2022. Under the new mechanism being worked out, states will…

The government may bring more services under the tax net before it restructures the goods and services tax (GST) slabs. Pruning the exemptions for services and correcting inverted duty structures are needed for reducing the GST rates,…

Congress leader Rahul Gandhi on Tuesday hit out at the government over GST rates, and said a single, low tax rate would help reduce the burden on the poor and middle class. Highlighting that the GST rate on diamonds is at 1.5 percent,…