GST council may keep tax load on cars below 50 per cent GST Council is likely to keep the overall tax incidence on motor vehicles below 50 per cent at its meeting in Hyderabad on Saturday, a move that could rein in price increases.

GST on Director’s Remuneration Introduction: This article discusses in detail about GST on Director’s Remuneration on Services of director i.e. sitting fees, commission etc. Taxability The government has power u/s 9(3) of CGST Act & u/s 5(3) of IGST Act, to notify the levy of GST on RCM basis on goods or services.

How to resolve errors made in GSTR 3B? Introduction: This article discusses in detail about solutions to resolve errors made in GSTR-3B. A lot of doubts are being raised about errors or mistakes made by the taxpayers in filling of GSTR-3B return. As GSTR 3B cannot be revised, it makes the taxpayers worried about the […]

Goods and services tax on Government Contracts Government contracts has assumed great importance in the modern times with Government working on major projects either by way of public private partnerships or through technically and professionally qualified contractors in Goods and services tax.