Sourc:- emondaq.com The Hon’ble Supreme Court, vide its order dated 29 May 2019, while refusing to interfere with the order of the Bombay High Court, has held that the position regarding the arrest provisions under Central Goods and Services Tax Act, 2017 (CGST Act) and the corresponding state goods and services tax laws (SGST Acts) will be clarified
Source:- thehindubusinessline.com As different High Courts of the country have taken divergent views in the matter, we are of the view that the position in law should be clarified by this court, the Supreme Court said The Supreme Court agreed to examine the powers of tax authorities to arrest an individual for GST evasion saying that different High
Source- ndtv.com The International Monetary Fund or IMF on Tuesday predicted a growth rate of 7.3 per cent for India in the current year and 7.4 per cent in 2019. In 2017, India had recorded a 6.7 per cent growth rate. “India’s growth is expected to increase to 7.3 per cent in 2018 and to 7.4
Source – economictimes.indiatimes.com SRINAGAR: The goods and services tax (GST), which is set to be rolled out on July 1, is likely to have a benign effect on household budgets with finance minister Arun Jaitley declaring that its impact “will not be inflationary” and in some instances, prices are even likely to drop. A host of
Source – livemint.com Mumbai: Consumer packaged goods companies such as Hindustan Unilever Ltd (HUL), Godrej Consumer Products Ltd (GCPL) and Dabur India Ltd are reaching out to distributors and modern trade retailers to allay fears of losses that could occur during the transition from the current tax regime to the goods and services tax (GST) starting
