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Why small tax payers may face problems under GST Experts said that while taxpayers would maintain all account and records electronically, certain requirements in the rules could be cumbersome, especially for smaller taxpayers. The new draft rules for accounting and record-keeping require maintenance of trail of each deleted or edited entry in elec...

Services may be taxed at 12%, 18% under GST A two-day meeting of a GST council panel from today seeks to identify what services should fall into which of the two slabs

Centre, states taxmen to decide services rate in GST this week The fitment committee is likely to hold more meetings before GST Council’s meeting on 18-19 May where tax rates for different products and services are to be finalised