tax

AMRG & Associates senior partner Rajat Mohan, said the ruling emphasised that the product's major ingredient is sugar, not milk solids, making it a processed food preparation rather than a dairy-based product.New Delhi: Softy ice cream mix in vanilla...

The tax regime has ensured that trucks do not have to wait for hours on state borders, which has brought down the travel time by up to 30 per cent.New Delhi: The Goods and Services Tax (GST) has played...

The order was passed by the Additional Commissioner, Central Goods and Services Tax, Gurugram, raising the GST demand of Rs 5,90,94,889, with applicable interest (not quantified) and penalty of Rs 5,90,94,889New Delhi: Online food delivery platform Zomato has received...

Under the GST law, every e-commerce operator is required to collect TCS at the rate of 1 per cent of the taxable value of goods/services sold through its platformNew Delhi: The Goods and Services Tax (GST) Council on July...

Reactions from industry captains on announcements in the current budget that will have a bearing on the logistics operations of retail businesses New Delhi: Union Finance Minister Nirmala Sitharaman presented the Union Budget 2023, the fifth budget of Modi 2.0 on...

Reactions from industry captains on MSME-related announcements in the current Budget that will have a bearing on allied retail businessesNew Delhi: Union Finance Minister Nirmala Sitharaman presented the Union Budget 2023, the fifth budget of Modi 2.0 on February 1, 2023. In the...

To counter the high demand for smuggled and counterfeit products, FRAI sought tax cuts on daily use consumer goodsGuwahati: The Federation of Retailer Association of India (FRAI) Tuesday sought tax cuts on daily use consumer goods to counter the high...

CBDT has issued a new circular clarifying that the Tax Collected at Source (TCS) levy will not be applicable when cash part of the payment for certain goods or services is less than Rs 2 lakh, even when the...