)
Discounts are a well-understood concept commercially, as well as under tax laws
The existing effective rate of 12 per cent GST (with ITC) should continue for commercial properties
The only option that seems to be available for HUL is to challenge this order through a writ petition before an appropriate high court
Begin by examining if your contract price is tax extra or inclusive of taxes, writes Bhattacharjee
The audit by the tax authorities is envisaged under Section 65 of the Central GST Act
A recent nine-judge bench of the Supreme Court, in the context of entry tax, has upheld states' right to financial autonomy when it comes to designing their fiscal legislation. Experts analyse the imp
E-com companies will incur huge expenditures to tweak their IT systems to deal with entry tax in various states