To be eligible for the Composition Scheme under GST, a business must meet certain conditions. First one is no Inter-State Sales which means the business can only sell goods or services within the same ...

If an unregistered landlord rents out a commercial property to a registered tenant, the reverse charge mechanism (RCM) applies. In this scenario, the tenant is liable to pay 18% GST directly to ...

Madras High Court reviewed the case of Tvl. Saras Electricals v. State Tax Officer, where the petitioner challenged a GST assessment order dated March 1, 2024, for the assessment year 2021-22. The ...

The Indian financial sector has grown rapidly, with more people entering the stock market. This growth has made sub-brokers roles crucial, as they assist with transactions and offer investment advice.

The Input Service Distribution (ISD) mechanism will enable businesses with branches in multiple states to consolidate ...

for alleged non-payment of GST under the reverse charge mechanism. The latest GST demand order confirms a penalty of ₹16,96,94,250, along with applicable interest and tax dues. Vodafone Idea Hit ...

Under the GST laws, washing and dyeing are considered as ‘job work services’ in the textile industry and attract a GST rate of 5%; while processes that significantly transform the fabric ...

The Supreme Court on Thursday introduced necessary safeguards against coercive measures, including arrests, under the Central Goods and Services Tax (CGST) Act and the Customs Act, adding that ...

WASHINGTON − A workplace "reverse discrimination" case being argued ... Ames sued the department under Title VII of the Civil Rights Act, which bans discrimination based on “race, color ...

This initiative, known as the Revenue Certainty Mechanism (RCM), aims to provide stability and encourage the production of sustainable aviation fuel (SAF) by ensuring a consistent income for ...