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GSTN rolls out form for tobacco manufacturers to report inputs, outputs to tax authorities

Instant flour mixes for dosa, idli, khaman cannot be classified as sattu; to attract 18 per cent GST

Instant mixes, including idli, dosa and khaman flour, cannot be classified as chhatua or sattu and 18 per cent GST should be levied on them, the Gujarat Appellate Authority for Advance Ruling (GAAAR) has ruled. Gujarat-based Kitchen Express Overseas Ltd had approached the AAAR against the ruling

Chowkidar or Chor? Is the Party Over for the Once Powerful?

Infrastructure Leasing and Financial Services Ltd (IL&FS), Dewan Housing Finance Corporation Ltd (DHFL), Reliance Capital Ltd and YES Bank, though a dozen more can be rightfully tagged to this ‘big-4’, cumulatively caused anywhere between Rs1 lakh crore and Rs1 lakh fifty thousand crore loss to their lenders, investors in debenture and preference shares, and public deposit holders, in the space of less than two years.

Gauging inflation, poverty and GDP growth

GST to be paid by telcos along with instalments towards spectrum charges

All the available spectrum in the 800 MHz, 900 MHz, 1,800 MHz, 2,100 MHz, 2,300 MHz, 2,500 MHz, 3,300 MHz, and 26 GHz bands are part of the auction

GST to be paid by telcos along with instalments towards spectrum charges, ET Telecom

The clarification will end confusion among field formations regarding the method for collection of GST in the auction process.

Income tax department notifies cost inflation index for current fiscal

It is popularly used to calculate 'indexed cost of acquisition', while calculating capital gains at the time of sale of any capital asset

I-T deptt notifies cost inflation index for current fiscal

Income Tax Department Notifies Cost Inflation Index For Current Fiscal

The Cost Inflation Index (CII) is used by taxpayers to compute gains arising out of sale of capital assets after adjusting inflation.

GST news: GST officers working on registration mechanism for 'shared warehouse' for e-commerce suppliers

GST authorities are developing a mechanism to address taxation and registration issues for shared warehouses used by e-commerce companies, where multiple suppliers store goods for last-mile delivery. This issue arises because suppliers have geo-tagged these warehouses as their 'additional place of business' under GST rules, raising concerns of potential fraudulent registrations and the risk of holding warehouses accountable for individual supplier defaults.