Explains how the Court ruled that IGST on ocean freight under RCM was illegally collected and must be refunded with interest. Key takeaway: the government cannot retain money collected without ...

The impoters have welcomed the latest Supreme Court orders by which the goods and services tax (GST) is not payable on sea import freight service on reverse charge mechanism (RCM) basis in case of ...

A business is required to register under the goods and services tax (GST) even if it qualifies to be exempted according to the GST Act, but has liability to collect tax under the reverse charge ...

The Central Association of Private Security Industry (CAPSI) has written to Prime Minister Narendra Modi requesting a re-look at the 18 per cent GST levied on them. The Association is protesting ...

The reconciliation of the tax liability as per the books of account vis-à-vis the GST returns is a tedious exercise for filing of annual return and GST audit. While undertaking the exercise of ...