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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. ....

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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. ....

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

The law committee under the GST Council comprises officers from central and state taxes ....

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GST News: GST officers working on registration mechanism for 'shared warehouse' for e-commerce suppliers, ET Retail

GST News: "We are working to see whether a shared workplace or coworking space concept can be implemented for the warehouses maintained by e-commerce companies to store goods of multiple suppliers," the official told PTI. Under Goods and Services Tax (GST) law, suppliers to an e-commerce platform can store their goods at a common warehouse. However, the suppliers in their GST registration are required to show the warehouse as an additional place of business. ....

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GSTN rolls out special procedure for tobacco makers to register machines with tax authorities

The GST Network (GSTN) has implemented a special procedure for manufacturers of pan masala, gutkha and similar tobacco products to register their machines with tax authorities, a move intended at checking evasion.

 In January, the Central Board of Indirect Taxes and Customs (CBIC) had ....

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