Enquiry Form No GST on full time Director’s Salary : AAR - Karnataka The controversy on whether remuneration paid to directors of a company is subject to the goods and services tax (GST) has been put to rest by a recent decision of the Authority for Advance...
Enquiry Form Over 1,200 Exporters Untraceable, Rs 350 Crore Fake IGST Refunds Saved More than 800 entities have been detected in the past five months while exporting overvalued merchandise of Rs 1,500 crore to claim fake IGST refunds. A recent analytics-driven probe into Goods and Services Tax...
Enquiry Form Centre Planning To Come Up With Lottery Scheme For GST Paying Customers The Ministry of Finance is planning to come up with a lottery scheme to lure customers to pay Goods and Services Tax (GST). This will be a step to improve compliance and check on...
Enquiry Form Impact of GST on Small and Medium Enterprises At present, the total tax collection in India is around 14.5 Lakh Crore, of which 34% is indirect tax. Indirect taxes include service tax, stump duty, customs duty, VAT, etc. It refers to the collection of tax...
Enquiry Form Composition Scheme Composition Scheme is a simple and easy scheme under GST for taxpayers. Small taxpayers can get rid of tedious GST formalities and pay GST at a fixed rate of turnover. This scheme can be opted by any taxpayer whose turnover is less than Rs. 1.0 crore. Can I opt for the Composition Levy? You can...