The debate on relying on the goods and services tax (GST) hike versus counting on other mechanisms to generate revenue misses the point, Finance Minister Lawrence Wong said during a post-Budget ...
The GST Council has approved a "track and trace" system to combat tax evasion on specific goods, starting with cigarettes and potentially pan masala. This system uses unique identification markings to ...
“In order to ensure that the standard rate is kept close to the RNR, the maximum possible tax base should be taxed at the standard rate,” it said. Companies will not have to deduct GST under reverse ...
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Know if your GST number is active or inactive
GSTIN, a 15-digit number, identifies taxpayers. The government provides an online method to check GSTIN status. This ensures ...
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