A business is required to register under the goods and services tax (GST) even if it qualifies to be exempted according to the GST Act, but has liability to collect tax under the reverse charge ...

The reconciliation of the tax liability as per the books of account vis-à-vis the GST returns is a tedious exercise for filing of annual return and GST audit. While undertaking the exercise of ...

The impoters have welcomed the latest Supreme Court orders by which the goods and services tax (GST) is not payable on sea import freight service on reverse charge mechanism (RCM) basis in case of ...

In a notification, the Central Board of Indirect Taxes and Customs (CBIC) said the provision of reverse charge mechanism (RCM) will remain suspended till September 30, as against the earlier date of ...

The Central Association of Private Security Industry (CAPSI) has written to Prime Minister Narendra Modi requesting a re-look at the 18 per cent GST levied on them. The Association is protesting ...

A senior revenue official said the GST Implementation Committee (GIC), headed by the revenue secretary, has decided to keep in abeyance the TDS/TCS provision and GST by way of RCM by another three ...