Whoever said wishes don’t come true hasn’t explored our offers!
  • How to File Income Tax Return

    As per section 139(1) of the Income Tax Act, 1961 in the country, individuals whose total income during the previous year exceeds the maximum amount not chargeable to tax, should file their income tax returns (ITR).

    The process of electronically filing income tax returns is known as e-filing. You can either seek professional help or file your returns yourself from the comfort of your home by registering on the income tax department website or other websites. The due date for filing tax returns (physical or online), is August 31st.

    Who should e-file income tax returns?

    Online filing of tax returns is easy and can be done by most assessees.

    • Assessee with a total income of Rs. 5 Lakhs and above.
    • Individual/HUF resident with assets located outside India.
    • An assessee required to furnish a report of audit specified under sections 10(23C) (IV), 10(23C) (v), 10(23C) (VI), 10(23C) (via), 10A, 12A (1) (b), 44AB, 80IA, 80IB, 80IC, 80ID, 80JJAA, 80LA, 92E or 115JB of the Act.
    • Assessee required to give a notice under Section 11(2) (a) to the assessing officer.
    • A firm (which does not come under the provisions of section 44AB), AOP, BOI, Artificial Juridical Person, Cooperative Society and Local Authority (ITR 5).
    • An assessee required to furnish returns U/S 139 (4B) (ITR 7).
    • A resident who has signing authority in any account located outside India.
    • A person who claims relief under sections 90 or 90A or deductions under section 91.
    • All companies.

    Types of e-Filing:

    • Use Digital Signature Certificate (DSC) to e-file. It is mandatory to file IT forms using Digital Signature Certificate (DSC) by a chartered accountant.
    • If you e-file without DSC, ITR V form is generated, which should then be printed, signed and submitted to CPC, Bangalore by ordinary post or speed post within 120 days from the date of e-filing.
    • You can file e-file IT returns through an E-return Intermediary (ERI) with or without DSC.
    e-filing ITR
    e-filing ITR

    Checklist for e-Filing IT Returns

    There are a few prerequisites to filing your tax returns smoothly and effectively. Major points have been highlighted below.

    • How to choose the right form to file your taxes electronically
    • It can be confusing deciding which form to submit when filing your tax returns online. The different categories of Income Tax Return (ITR) forms and who they are meant for are tabulated below.
      ITR 1 (SAHAJ) Individuals with income from salary and interest
      ITR 2 Individuals and Hindu Undivided Families (HUF) not having income from business or profession
      ITR 3 Individuals/HUFs being partners in firms and not carrying out business or profession under any proprietorship
      ITR 4 Individuals and HUFs having income from a proprietary business or profession
      ITR 4S (SUGAM) Individuals/HUF having income from presumptive business
      ITR 5 Firms, AOPs,BOIs and LLP
      ITR 6 Companies other than companies claiming exemption under section 11
      ITR 7 Persons including companies required to furnish return under section 139(4A) or section 139(4B) or section 139(4C) or section 139(4D)
    • E-file IT Returns Online
      E-file IT Returns Online
    • Check your tax credit - Form 26AS vs. Form 16

      You should check Form 26AS before filing your returns. It shows the amount of tax deducted from your salary and deposited with the IT department by your employer. You should ensure that the tax deducted from your income as per your Form 16 matches with the figures in Form 26AS. If you file your returns without clarity on errors, you will get a notice from the IT department.

    • Claim 80G, savings certificates and other deductions

      You can claim extra deductions if you forgot to claim them. Similarly, you can also claim deductions under section 80G on donations made to charitable institutions.

    • Interest statement - Interest on savings accounts and fixed deposits

      A deduction for up to Rs.10,000 is allowed on interest earned on savings accounts. However, interest earned on bank deposits, if any, forms a part of your taxable income and is taxable at applicable slab rates.

    • In addition to the above, have the following at hand.

      • Last year's tax returns
      • Bank statements
      • TDS (Tax Deducted at Source) certificates
      • Profit and Loss (P&L) Account Statement, Balance Sheet and Audit Reports, if applicable
    • Ensure your system is equipped with the below.

      Java Runtime Environment Version 7 Update 6 or above

    List of Required Documents for e-filing of tax returns

    It is always good to stay a step ahead, especially when it comes to tax filing. The checklist provided below will help you to get started with the e-filing of tax returns.

    General details:

    • Bank account details
    • PAN Number

    Reporting salary income:

    • Rent receipts for claiming HRA
    • Form 16
    • Pay slips

    Reporting House Property income:

    • Address of the house property
    • Details of the co-owners including their share in the mentioned property and PAN details
    • Certificate for home loan interest
    • Date when the construction was completed, in case under construction property was purchased
    • Name of the tenant and the rental income, in case the property is rented

    Reporting capital gains:

    • Stock trading statement is required along with purchase details if there are capital gains from selling the shares
    • In case a house or property is sold, you must sought sale price, purchase price, details of registration and capital gain details
    • Details of mutual fund statement, sale and purchase of equity funds, debt funds, ELSS and SIPs

    Reporting other income:

    • The income from interest is reported. In case of interest accumulated in savings account, bank account statements are required
    • Interest income from tax saving bonds and corporate bonds must be reported
    • The income details earned from post office deposit must be reported

    Income Tax Slab Rates

    Income Tax Slab rates For Financial Year 2017 – 2018 And Assessment Year 2018-2019

    (As Declared in the New Budget) :

    For Individuals and HUF (Age – Less than 60 years):

    Income Tax Slab Tax rate
    Up to Rs.2,50,000 NIL
    Above Rs.2,50,000 and up to Rs.5,00,000 5%
    Above Rs.5,00,000 and up to Rs.10,00,000 20%
    Above Rs.10,00,000 30%

    *10% of tax will be imposed as surcharge in case the total income is between Rs.50 Lakhs and Rs.1 crore.

    *15% of tax will be imposed as surcharge in case the total income is above Rs.1 crore.

    For Individuals and HUF (Age – 60 years and more, but less than 80 years):

    Income Tax Slab Tax rate
    Up to Rs.3,00,000 NIL
    Above Rs.3,00,000 and up to Rs.5,00,000 5%
    Above Rs.5,00,000 and up to Rs.10,00,000 20%
    Above Rs.10,00,000 30%

    *10% of tax will be imposed as surcharge in case the total income is between Rs.50 Lakhs and Rs.1 crore.

    *15% of tax will be imposed as surcharge in case the total income is above Rs.1 crore.

    For Super Senior Citizens (age - 80 years and more):

    Income Tax Slab Tax rate
    Up to Rs.5,00,000 NIL
    Above Rs.5,00,000 and up to Rs.10,00,000 20%
    Above Rs.10,00,000 30%

    *10% of tax will be imposed as surcharge in case the total income is between Rs.50 Lakhs and Rs.1 crore.

    *15% of tax will be imposed as surcharge in case the total income is above Rs.1 crore.

    Income Tax Slab Rates for Year 2016 – 2017 :

    For Individuals and HUF (Age – Less than 60 years):

    Income Tax Slab Tax Rate
    Up to Rs.2,50,000 NIL
    Above Rs.2,50,000 and up to Rs.5,00,000 10%
    Above Rs.5,00,000 and up to Rs.10,00,000 20%
    Above Rs.10,00,000 30%

    *12% surcharge is imposed in case the total income is above Rs.1 crore.

    For Senior Citizens (Age – 60 years and more, but less than 80 years):

    Income Tax Slab Tax Rate
    Up to Rs.3,00,000 NIL
    Above Rs.3,00,000 and up to Rs.5,00,000 10%
    Above Rs.5,00,000 and up to Rs.10,00,000 20%
    Above Rs.10,00,000 30%

    *12% surcharge is imposed in case the total income is above Rs.1 crore.

    For Super Senior Citizens (Age - 80 years and more):

    Income Tax Slab Tax Rate
    Up to Rs.5,00,000 NIL
    Above Rs.5,00,000 and up to Rs.10,00,000 20%
    Above Rs.10,00,000 30%

    *12% surcharge is imposed in case the total income is above Rs.1 crore.

    Income Tax Return Due Date:

    Generally, the due date for filing Income Tax Return (ITR) for Hindu Undivided Family (HUF)/ Individuals/ AOP (Association of Persons)/ BOI (Body of Individuals) is 31st July of the next Financial Year. For example – The ITR due date for Financial Year 2016-17 would be 31st July, 2017.

    Recommended:

    Income Tax Income Tax Return Income Tax Refund Income Tax Refund Status Form 16

    How do I file e-Returns?

    Steps to follow to file Income Tax Returns:

    Filing your income tax returns online doesn't have to be a complicated process. Simply follow the below steps.

    First, log on to IncomeTaxIndiaeFiling.gov.in And register on the website.

    • Your Permanent Account Number (PAN) is your user ID.
    • View your tax credit statement or Form 26AS. The TDS as per your Form 16 must tally with the figures in Form 26AS.
    • Click on the income tax return forms and choose the financial year.
    • Download the ITR form applicable to you. If you're exempt income exceeds Rs.5,000, the appropriate form will be ITR-2 (If the applicable form is ITR-1 or ITR 4S, you can complete the process on the portal itself, by using the 'Quick e-file ITR' link - this has been explained below).
    • Open excel utility (the downloaded return preparation software) and fill out the form by entering all details using your Form 16.
    • Check the tax payable amount by clicking the 'calculate tax' tab.
    • Pay tax (if applicable) and fill in the challan details.
    • Confirm all the data provided in the worksheet by clicking the 'validate' tab.
    • Generate an XML file and save it on your desktop.
    • Go to 'upload return' on the portal's panel and upload the saved XML file.
    • A pop-up will be displayed asking you to digitally sign the file. In case you have obtained a digital signature, select'˜Yes'. If you have not got digital signature, choose 'No'.
    • The acknowledgment form, ITR Verification (ITR-V) will be generated which can be downloaded by you.
    • Take a printout of the form ITR-V and sign it in blue ink
    • Send the form by ordinary or speed post to the Income-Tax Department-CPC , Post Bag No. 1 , Electronic City Post Office, Bangalore, 560 100, Karnataka within 120 days of filing your returns online.

    Steps to file ITR 1 & ITR 4S Online:

    Prepare and Submit ITR1 / ITR 4S (Sugam) Online

    You have the option to submit ITR 1/ITR 4S forms by uploading XML or by online submission

    • Login to e- Filing application
    • Go to 'e File' 'Prepare and Submit ITR Online'
    • Select the Income Tax Return Form ITR 1/ITR 4S and the assessment year.
    • Fill in the details and then click the submit button and choose DSC (Digital Signature Certificate)’ (if available) Click on ‘Submit’.
    • After submission, acknowledgement detail is displayed.
    • Click on the link to view or generate a printout of acknowledgement/ITR V form.

    To use DSC, you have to register it in the e-filing application. You can do so by logging in on the e-filing website of the IT Department and updating the Profile Settings section. Under Profile Settings, you have to select Register Digital Signature Certificate and download the ITD e-Filing DSC Management Utility. You can use this utility to generate the DSC file.

    Private portals:

    You could also make use of several websites to file your income tax returns online. The portals typically charge fees (Rs. 250 to 300) depending on the kinds of service they offer.

    Things to watch out for while e-filing:

    • If the same mobile number or email address is used for more than four taxpayers, you cannot file returns on the website, unless the required change is done. For instance, in some cases, more than five returns may be filed— yours, wife, mother, mother-in-law and the Hindu undivided family (HUF) of which you are the karta, the executor of a will.
    • If your name mentioned in your bank documents or official statements is even slightly different from the one given in the PAN card, the portal will consider you a different individual. In certain instances, some individuals give their father's name as their 'middle' name in their PAN card, but do not use it for their bank accounts.
    • If a non-resident Indian has to file income tax returns, he will need both an India number and a foreign number.

    Frequently Asked Questions: e-filing Income Tax Returns

    1. I file ITR online without an account on the Income Tax e-filing portal?

      No, You have to create an account on the portal to file your ITR online. It is an easy process'“ you have to register yourself by providing details such as user type (individual, HUF, companies, chartered accountants, agencies or tax deductors), your PAN, first and middle names and surname, date of birth, and fill in the registration form. If you already have an account but have forgotten password, you can generate it through the'˜Forgot Password' option.

    2. How many days do I have to verify the Income Tax Return I filed online?

      You have to either send the ITR-V to CPC, Bangalore, or verify it online through electronic verification code or Aadhaar-linked one-time password, within 120 days of e-filing the return.

    3. Can I e-verify my ITR instead of sending a hardcopy to CPC, Bengaluru?

      Yes. The Income Tax Department now allows you to e-verify ITR through an electronic verification code (EVC) or through a one-time password by linking your PAN and Aadhaar.

    4. Can I e-file my return before all my tax payments are done?

      You can only file your Income Tax Return'“ online or through an agency'“ after all your tax payments for the year are done. The deadline for filing ITR is August 31 of the year after the end of a given assessment year'“ that is, you get 4 months to file ITR. This helps you put your accounts in order and make sure all tax-related payments are sorted.

    5. Is it mandatory for me to do the e-filing or can I depute it to someone?

      You can seek the help of chartered accountants and agencies dedicated to ITR filing. It is wiser not to allow anyone to have your PAN and password in order to prevent any kind of fraud.

    6. How to check the status of Income Tax Refund?

      You can check the status of Income Tax Refund online on the website of the Income Tax Department of India. You can track the refund status after 10 days (from the date the refund was sent to you). To check the status, you have to enter your Permanent Account Number (PAN) and choose the correct Assessment Year.

    7. What is HRA ?

      HRA stands for House Rent Allowance. It refers to the amount of rent you pay for your place of residence. While filing Income Tax, you can claim HRA. You can enjoy tax exemption on HRA up to a certain limit. If you are unable to submit rent receipts to claim HRA exemption, then you can claim it while filing your ITR. If you have paid more than Rs.1,00,000 on rent in a financial year, then you will have to provide the PAN of your house owner/landlord. HRA exemption will be the minimum of the following:

      • Actual HRA received.
      • Actual Rent Paid.
      • Rent Paid – 10% of Basic Salary.
      • 50% (metro)/ 40% (non-metro) of Basic Salary.

      To claim HRA exemption in ITR1 (If your employer has not calculated HRA), you have to deduct the HRA exemption amount from your Gross Salary and enter the result in the section ‘Income from Salary/Pension’.

    8. What is ITR–V ?

      If you e-File ITR without using DSC or you e-File through e-Return Intermediary, then ITR-V form will be generated for you. You have to print this form, sign it and submit it to CPC, Bangalore using Speed Post or Ordinary Post only within 120 days, starting from the e-Filing date.

    News About E-Filing Tax Return

    • Tax audit reporting of non-salaried gets tough

      As per the new tax audit requirements, non-salaried professionals who have gross receipts of more than Rs.50 lakh and business entities which have a turnover of more than Rs.1 crore (Rs.2 crore in case presumptive taxation has been opted for) will be required to furnish additional details. The Central Board of Direct Taxes (CBDT) has added the scope of the reporting by a tax auditor through the inclusion of GAAR to GST and TDS to cash transactions of more than Rs.2 lakh.

      The Income Tax officials are of the opinion that the main idea behind the implementation of this rule asking for additional details on part of the assessee is to facilitate the data mining and analytics which will lead to them being able to curb tax evasion. However, some challenges that could be faced in this regards have been pointed out by the chartered accountants. A revised Form 3CD has been issued by the CBDT which is included in the Income Tax audit report. For example, the details of transactions that would be covered by GAAR like cash transactions that are more than Rs.2 lakh, details of Goods and Services Tax (GST), details of transactions that are subject to Tax Deducted at Source (TDS), etc. are now required to be reported. The new form, which was released recently will be brought into effect from 20 August 2018.

      20 August 2018

    • Why should you not delay your Income Tax Returns (ITR) filing?

      It is important to file the Income Tax Returns (ITR) on time for a number of reasons. It must be ensured that the return filing is free of any error. The best way to ensure error-free filing is to file the returns on time, i.e. before the 31st July deadline. In addition to that, it is also important to stay updated about the changes (if any) that have been implemented in the tax filing norms. The chances of making a mistake at the time of filing returns in the last moment are high. An error in the return filing will be an open invitation for a notice from the tax department to the taxpayer. Moreover, filing the taxes after the due date might also attract a hefty penalty of up to Rs.10,000. If the returns are filed by the end of the year, i.e. 31 December 2018, but after the deadline of 31 July 2018, the taxpayer will have to pay a penalty of up to Rs.5,000. If the filing is further delayed, the payable penalty will pile up to as much as Rs.10,000.

      Thus, it is important to file the tax returns on time, to avoid errors and penalty.

      8 August 2018

    • After completion of 1 year, GST is still in a stage of progress

      It is been a year that the biggest tax reform in India, introduction of the Goods and Service Tax (GST), had taken place. As per the cautions of the Narendra Modi government, initially, GST had some teething troubles which has been corrected in the due course of time. But eventually, new issues cropped up resulting in major problems for the traders, especially the small traders. The good thing is that overcoming all the big to small issues, India has collected Rs.7.41 lakh crore in indirect taxes under GST in FY 2018. This year the target has been set higher with an aim of collecting Rs.13 lakh crore with an expectation of getting an average 20% rise in the monthly collection.

      However, the fact remains that even after multiple alterations and around 400 tweaks, the complex issues in this new tax system haven’t really been sorted. As per the analysts, it is still in the stage of progress and the government needs to simplify GST and widen its tax base to make it more convenient and accessible for every small to big traders in India.

      26 July 2018

    • Tax evaders beware: Govt steps up measures to plug revenue leakages

      Dodging taxes under the Goods and Services Tax (GST) regime might not be easy. The government is intensifying the measures to protect the interest of consumers in addition to plugging the revenue leakages. A member of the Central Board of Indirect Taxes and Customs (CBIC), John Joseph recently said, that on the completion of a year of the GST rollout, the finance ministry has detected tax evasions of worth more than Rs.2,100 crore. He stated that the CBIC is taking tax evasions very seriously and that they have detected a tax evasion of Rs.2,000 crore since the rollout of the Goods and Services Tax (GST). He added, “In the last two-three days, tax evasion of Rs.100 crore to Rs.150 crore or more has been caught.”

      This implies that the eligible businesses under the Goods and Services Tax (GST) ambit are either dodging the tax payments or producing fake bills. Detailed data analytics have been started by the CBIC and the IT backbone of the indirect tax system GST Network (GSTN) with the number of available sets of data with them. The government has also started taking actions against the businesses that have shown mismatches in the details present in the return filing forms GSTR 3B (summary form) and GSTR 1 (sales form). CBIC has also developed a mobile app called the ‘GST Verify’ which will help consumers to figure out if a person collecting tax from them is eligible to collect it or not. Another CBIC member, Mahender Singh said that the government is developing a model where consumers can get in touch with the nearest tax jurisdiction and lodge a complaint against a dealer who is not paying tax or is asking the consumers to pay taxes which is more than the stipulated rate.

      20 July 2018

    • App to be launched soon for paying road taxes online

      The state transport department of Bihar will soon launch the m-Parivahan mobile app for enabling the online payment of road taxes. The state transport secretary Sanjay Kumar Agarwal said that the owners of commercial vehicles can directly pay road taxes using the mobile application. They will not be required to visit the district transport office (DTO) for the payment of road taxes. He added that now such owners will have direct access to different information, services, and utilities related to payment of tax.

      Reportedly, the number of vehicles in Bihar have doubled in the last 5 years. Agarwal said that the number of vehicles has gone up from 35 lakh to 70 lakh. This signifies economic development as well as more work. He assured that with the help of this app the work of the DTOs will be reduced to a great extent. However, people who face difficulties in paying the tax online can also avail the service of paying taxes at the DTO counters.

      On 3 May 2018, Chief Minister Nitish Kumar launched the m-Parivahan app after the Union Ministry of Road Transport and Highways introduced a nationwide transport database. Agarwal also added that the mobile app could not be launched earlier because of some technical glitches. However, the issue was later solved after getting in touch with the National Informatics Centre. Reportedly, Bihar will be the first state to launch the m-Parivahan app and it will be launched in all its districts.

      16 July 2018

    • Gold exports down by 13% post-GST

      As per the information provided by the Gem and Jewellery Export Promotion Council (GJEPC), the exports of gold from India has witnessed a downward slope of 13% within the first 11 months after the newly implemented indirect tax regime, the Goods and Services Tax (GST) was rolled out. This has attributed the decline to the new levy.

      The chairman of GJEPC Pramod Agarwal recently said that the government has provided relief to the agencies which have been nominated for not paying Integrated GST (IGST) upfront on gold import on submission of bond. He added that 3% GST is still applicable to exporters for the procurement of gold from nominated agencies. He concluded that this has affected the gold jewellery exports from India quite adversely. Agarwal said that in addition to the 3% Goods and Services Tax (GST), gold attracts an import duty of 10% as well. According to jewellers, as a result of the 3% of GST, there has been a reduction in the purchases made by non-resident Indians (NRIs) as well.

      The Chairman of the All India Gem and Jewellery Domestic Council Nitin Khandelwal said that the NRI business has gone down by more than 60% after the rollout of the Goods and Services Tax (GST). According to him, NRIs are now looking for other countries as options for purchasing gold, as it is available at cheaper rates there in comparison to India. He also added that the movement in high value gold and diamond jewellery is very slow as the market is facing a crisis in terms of liquidity. However, after the reduction of GST on diamonds from 3% to 0.25%, the export of cut and polished diamond from India has witnessed a growth.

      14 July 2018

    • How to file an ITR with salary income and home loan

      If the government don't extend the last date to complete the income tax return (ITR) every year, the last date of completing the procedure is 31 July every year. People have to select the most suitable ITR form from the wide variety of forms made available by the Income Tax Department to serve this purpose. ITR filing has 5 parts. In the first part, people have to provide their personal details. In the second part they have to file the salary income and the paid home loan interest amount. Under part C they can avail the various deductions under Section 80C. In part D they have to calculate the total income after the deductions and total payable tax. In part E, the individual will have to provide their bank details. The entire process needs to be done carefully with correct information. Though the process is a bit complex, you can get help of the tax advisors while filing your ITR with salary income and home loan.

      12 July 2018

    • Auto companies have smooth ride; CV sales hit new peak of 8,56,000 units

      The vehicle prices and demand did not witness many changes after the rollout of Goods and Services Tax (GST) last year. However, the manufacturing and logistics pertaining to the vehicle market have become more efficient. The free-flowing goods movement under Goods and Services Tax (GST) gave the commercial vehicle industry a boost. A cess was introduced in August 2017 to cover the difference between the 28% GST rate and the previous Value Added Tax (VAT) and excise levied on some cars. The difference was significant for a brief period of time. The state government increased road taxes to make up for the difference and bring the levied tax closer to the previous regime.

      Goods and Services Tax (GST) prompted consumers to postpone purchases, which had an effect on the sales growth in June and July. However, these fluctuations were worn off in August as the automotive industry registered a growth of 14% with a cumulative output of 30 million units in the financial year 2018. Passenger vehicle sales saw a growth of 8%, whereas 2 wheeler and 3 wheeler segments witnessed a growth of 15% and 24%, respectively. Commercial vehicle sales saw a mammoth rise of 20% growth, with a sales figure of 8,56,000 units.

      9 July 2018

    • Not just indirect tax, GST has impacted direct tax collection as well: Arun Jaitley

      Union Minister Arun Jaitley recently said that the implementation of the new indirect tax regime, GST, has not only impacted the collection of indirect tax but also direct taxes. Jaitley said this on the occasion of the completion of the first year of Goods and Services Tax (GST) rollout. He cited that there was a significant rise in the collection of direct tax as well as a rise in advance tax for the first quarter of this financial year.

      The Union Minister further specified that the advance personal income tax saw a rise of 44% for Q1FY19. The advance corporate tax, on the other hand, witnessed a rise of 17% for Q1FY19. Jaitley thanked the finance ministers of all the states through a video conference for achieving consensus and making the GST Council decision a collective effort. He added that the Indian market was in pieces before the Goods and Services Tax (GST) was implemented. He claimed that the former tax structure was clumsy and complicated. He also added that the tax structure will be rationalised with time as the tax collection from GST rises up. In his opinion, the government is looking for possibilities to bring most of the goods and services under the 28% tax slab to lower the tax brackets.

      6 July 2018

    • Abolish IGST to make tax system effective: Manish Sisodia

      The Delhi Deputy Chief Minister Manish Sisodia has recently demanded the abolishment of Integrated Goods and Services Tax (IGST). He said that the fund collected in IGST is Rs.1.81 lakh crore and added that the money is not being utilised. It is lying idle and causing loss of economy. He also favoured the opinion of including real estate under the Goods and Services (GST) regime. In his opinion, it will help deal with black money and also do away with the ‘inspector raj’ which is associated with the electronic way bill system or e-way bill system.

      He also added that the Goods and Services Tax (GST) was implemented with the idea of implementing ‘One Nation, One Tax’ but the introduction of 5 different tax slabs under the same has turned it into ‘One Nation, Several Taxes’. Sisodia said that he was against the Integrated GST (IGST) from the time it was conceptualised and said that he had suggested sticking to Central GST and State GST only. Under the Goods and Services Tax (GST), the tax which is levied on the consumption of goods or providing services is split in a 50:50 ratio between the Centre and the state.

      3 July 2018

  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.