Indiatimes

Importers hail SC order of GST relief on RCM

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 ...
The Financial Express

AAR order: All businesses covered by RCM to register for GST

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 ...
Business Line

Reverse charge system in GST, a grey area

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 ...
The Financial Express

Double taxation happening under GST, says ICAI

Under GST, if a taxable person procures goods or services from an unregistered person, the recipient is liable to pay tax under RCM, which, ICAI said, leads to double taxation. The Institute of ...
Business Line

Private security industry’s long battle against ‘unjust’ 18% GST reaches PM

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 ...