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CBIC withdraws special GST rate of 12% for government contractors. Now onwards GST Rate will be 18%.

Reports says that crypto currency will be regulated by RBI. And trading in crypto may be subject to 1% tax.

Upcoming Annual information statemen (AIS) t by incometax department will contain information relating to 50 types of transactions.

Kerala High court asks central government it's response on exclusion of petrol & diesel from GST.

Maintenance expenses collected by housing societies from their members is exempted from GST if the sum collected is less than 7,500. If the sum is more then 7,500 whole amount will be subject to GST

The income tax department initiated AIS The new system called AIS (Annual information statement) on it portal for user feedback.

Services provided by insurance agent are subject to GST reverse charge mechanism. So insurance agent need not to obtain GST registration provided he is not engaged in any other taxable supplies/ services.

Income tax department requires uploading letter of indemnity by a person applying to be registered as representative assessees of a deseased assessee