News
Get ready to pay GST on salary expenses
- Date:
- December 31, 2018
- Source:
- CNBC TV 18
he Goods and Services Tax (GST) was introduced as a levy consolidating various indirect taxes such as Excise, services tax, VAT, entry tax etc imposed by states and the central government. In order to make law simple and litigation-free, policymakers introduced inclusive definitions in the legislation, triggering various rulings from the Authority of Advance Rulings (AAR), on imposing tax on a tra…