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 ...

Digtal payments under GST scanner: Traders receiving notices as tax authorities link QR code transactions with potential registration lapses and clarifications Amid growing anxiety and outrage among ...

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 asked the Finance Ministry to identify high risk taxpayers in the GST composition scheme on a periodical basis and verify from other sources, including ...

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 Bangalore District Druggists and Chemists Association (BDCDA) is proactively encouraging and assisting the retailers to migrate from the composition scheme to the regular GST framework so that ...

This article explains how GST applies by defining supply, bundled transactions, and tax levy. The key takeaway is that understanding these sections prevents misclassification and ...

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 ...