Notwithstanding the fact that it has been more than a year since the GST legislation triggered and changed the indirect tax landscape of the country, there is
Category: GST
GSTN to find cause for dip in revenue: Sushil Kumar Modi – The Financial Express
Goods and Services Tax Network (GSTN) would conduct an audit to find out the reasons for revenue shortfall in some states across the country, BiharDeputy
GST refunds: Already late, e-wallet to miss October deadline – The Financial Express
The roll-out of an e-wallet mechanism for exporters under the goods and services tax (GST) regime may be delayed again beyond the proposed date of
From Rs 2 cr to Rs 10 cr – CBIC think-tank for raising revenue limit for GST returns – The Financial Express
A think-tank within the Central Board of Indirect Taxes and Customs (CBIC) has recommended that the revenue threshold for annual GST return be raised to
Tax Refund Regime | GST: Easier tax refund regime for exporters in the works
Govt may announce steps over next few days to streamline process & speed up repayments. The government is examining the tax refund mechanism for exporters under goods and services
petrol prices: Why the government must move fuel to GST – The Economic Times
By Chetan Bhagat Fuel prices have hit all-time highs. Petrol crossed Rs 80 a litre. Diesel hit new records too. Fuel prices are technically supposed to
GST: E-commerce firms to collect 1% tax at source from October 1 – The Hindu BusinessLine
The Finance Ministry on Thursday notified that e-commerce operators shall collect an amount at the rate of one per cent as tax collected at source
Watchdog comes to homebuyers’ rescue, asks builder to pass on GST benefits | Business Standard News
The National Anti-Profiteering Authority (NAA) has come to the aid of homebuyers by concluding that a builder of affordable houses has profiteered by not passing
Radical invoicing proposal could do away with GST returns chore – The Hindu BusinessLine
A ‘Committee on Invoice’ set up by the Goods and Services Tax Council has made two procedural suggestions that, if impemented, could dispense with the need for
GST–Dealer delight! Gujarat High Court strikes down GST provision as unconstitutional – The Financial Express
The court termed the sub-section concerned as unconstitutional as it violated the vested right of the petitioner. The Gujarat High Court has struck down a
GST–Much onus on auditors – The Hindu BusinessLine
Now, tasked to find additional GST liabilities Over the last month or so, the Central Board of Indirect Taxes and Customs(CBIC) has been engaged in
Retrospective amendments in GST transitional provisions have shocked biz | Business Standard Column
When the new indirect tax regime came into effect on July 1 last year, the transition provisions allowed businesses to transition CENVAT credit as an input credit
Trail of queries on rule change | Business Standard Column
Exporters hit by a retrospective amendment to Rule 96 (10) of the Central Goods and Services Tax Rules, 2017, have many questions. The change denies
Courts foresee deluge of suits for two-way GST in real estate – The Economic Times
Uncertainty about the applicability of the goods and servicesNSE -0.34 % tax on joint development agreements, an increasingly popular form of property construction in West Bengal, is expected
Can salary paid for services by head office to its branch offices in other states attract GST? – The Economic Times
By Ranjeet Mahtani & Prateek Bansal With the introduction of Goods and Services Tax (GST) regime in India, the industry and trade has been befuddled
Consumer durables firms, GST body continue to spar over profiteering | Business Standard News
The divergence is owing to the interpretation of the GST law Home appliance makers, like their counterparts in fast-moving consumer goods (FMCG), will be monitored
GST: Taxpayer with turnover over Rs 2 cr need GST audit certificate, will be arduous job for auditors
Fortunately, the Government has prescribed 2 different certifications as part of GST Audit Format – one where reconciliation statement is drawn and audited by statutory
Ironing out the GST wrinkles – The Financial Express
The GST Amendment Bill of 2018 is the first ever revision to the supreme law regulating the GST. The Monsoon Session of the Parliament will
Playing with fire on duty cuts for petrol and diesel – The Financial Express
Right now, the highest rate of taxation under GST, however, is 28% though the GST law allows for this to be raised to a maximum
GST: TDS/TCS provisions to come into effect from October 1 – The Financial Express
The GST portal has not yet rolled out the functionality to furnish these two forms. The government on Thursday notified the form for audit report
