Ad-H Ad-H

GST: From payment for not serving notice period to cheque dishonour, CBIC clears the air

With the completion of 5-years since the introduction of GST, the certainty of tax positions and ease of compliances for taxpayers have emerged as key drivers for a robust GST system. Recent circulars issued by CBIC are a step towards removing ambiguity and disputes on interpretational issues under the law. One such issue is GST …

Read more

Confused whether you need to pay GST on rented house? Centre clears the air

The Centre said renting of residential unit taxable only when it is rented to business entity. The Centre on Friday cleared the air whether those staying at a rented accommodation needed to pay goods and services tax (GST). The Press Information Bureau issued a detailed clarification on the provisions of GST which is applicable on …

Read more