Month: July 2022

lipped from: https://www.business-standard.com/article/economy-policy/gst-on-unbranded-packaged-food-items-to-plug-revenue-leakages-cbic-chief-122063001252_1.html Says it will build a robust tax system without being intrusive Central Board of Indirect Taxes and Customs (CBIC) Chairman Vivek Johri The Goods

Clipped from: https://www.business-standard.com/article/economy-policy/change-in-gst-rates-may-generate-rs-15k-cr-a-year-revenue-secy-tarun-bajaj-122070100040_1.html ‘Implementing GST was challenging in a country like India, which follows a federal structure’ Revenue Secretary Tarun Bajaj Revenue Secretary Tarun Bajaj spoke to Shrimi Choudhary on

Clipped from: https://www.business-standard.com/article/economy-policy/five-years-of-gst-chidambaram-to-sitharaman-the-people-behind-the-reform-122070100032_1.html The benefits of GST will positively ensure it to be ‘Good and Simple Tax’ for citizens of India, says Prime Minister Narendra Modi

Clipped from: https://www.business-standard.com/article/economy-policy/five-years-of-gst-taxing-time-for-relations-between-centre-and-states-122070100024_1.html Shrinking fiscal space has brought states on a collision course with the Centre At least 16 states debated an extension of the compensation

Clipped from: https://www.business-standard.com/article/economy-policy/five-years-of-gst-collections-up-but-filings-decline-shows-data-122070100019_1.html A Business Standard analysis found that returns filed under GSTR-3B declined 13.8 per cent YoY in FY22 An average of 7.9 million returns

Clipped from: https://www.business-standard.com/article/economy-policy/gst-what-lies-ahead-for-india-s-most-ambitious-indirect-tax-reform-122063001481_1.html The continuation of a business-as-usual approach can undermine the GST’s ability to either raise revenues for the government or improve the ease of

Clipped from: https://www.business-standard.com/article/economy-policy/five-years-of-gst-mistakes-that-have-made-the-regime-a-disappointment-122070100014_1.html Addressing mistakes made while introducing the tax and getting back to a revenue-neutral rate(s) constitute the agenda that awaits attention Clearly, there is

Clipped from: https://economictimes.indiatimes.com/small-biz/gst/the-impact-of-gst-a-5-year-tale/articleshow/92561762.cms ‘One nation, One market, One tax’ – the driving motto behind the introduction of GST, with effect from 01 July 2017, has brought

Clipped from: https://economictimes.indiatimes.com/small-biz/gst/five-years-of-gst-baby-out-of-the-cradle/articleshow/92561256.cms Synopsis Whenever the history of Indian GST is written, the impact of technology in its implementation and execution would invariably be a major

Clipped from: https://economictimes.indiatimes.com/small-biz/gst/gsts-half-a-decade-journey-tech-usage-to-plug-revenue-leaks-rs-1-3-lakh-cr-monthly-tax-new-normal/articleshow/92566377.cms Synopsis Under GST, a four-rate structure that exempts or imposes a low rate of tax of 5 per cent on essential items and

Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/five-years-of-gst-how-centre-state-bickering-on-the-taxs-pickings-can-be-resolved/articleshow/92581899.cms Synopsis To be sure, the Union government, too, is fiscally challenged, having had to undertake a huge step-up in its social welfare spending,

Clipped from: https://economictimes.indiatimes.com/news/economy/finance/changes-in-gst-rates-to-take-effect-from-july-18/articleshow/92557228.cms Synopsis The wider reform of the GST slabs has been put off as the council gave the group of ministers (GoM) on rate