The smaller businesses with annual turnover of less than Rs 5 crore are hit by the recent change in Goods and Services Tax (GST) rule,
Category: GST
Bid goodbye to anti-profiteering provisions under GST | Deccan Herald
During the first 18 months after GST was implemented in India, taxpayers used to wait for the monthly GST Council meetings since there were many
GST structure: key challenges and its solutions–Deccan Chronicle
Though the tax structure has tried to solve major issues relating to the taxing in India, the reform has many challenges. The Goods and Service
Financial crunch due to Centre’s failure to release GST dues–Deccan Chronicle
Thiruvananthapuram: Kerala Finance minister Thomas Isaac on Tuesday said the state government had failed to receive its share of the Goods and Services Tax (GST) dues
How to address the challenges expected from new GST returns – The Economic Times
Highlights The introduction of real-time invoice uploading could lead to certain complication A business will now need to be more aware of the vendors it
Bid goodbye to anti-profiteering provisions under GST | Deccan Herald
During the first 18 months after GST was implemented in India, taxpayers used to wait for the monthly GST Council meetings since there were many
Simplifying GST: Govt plans mass outreach programme for return filers | Business Standard News
The FM has sought regular interactions between GSTN and the Central Board of Indirect Taxes and Customs (CBIC) to help improve the interface for users
GST no more on CEOs salary? Important clarification from govt may have executives breathe easy – The Financial Express
No GST has been demanded on the salaries paid to the CEOs or employees of firms, CBIC said in a clarification. In a major breather
GST: GSTR-9, GSTR-9C gets simplified further, submission dates extended–Economic Times
The Government has to extend the due dates of filing of Form GSTR-9 (Annual Return) and Form GSTR-9C (Reconciliation Statement) for Financial Year 2017-18 to December 31, 2019 and
Latest GST Circular: Experts seek more clarity as doubts persist ahead of the deadline to file return – The Financial Express
CBIC issued a new circular to clear the air over 20% cap on input tax credit. GST Return: Tax experts have sought clarity over certain provisions
Latest GST circular puts an end to confusion over new input tax credit rules – The Financial Express
In a big relief for GST taxpayers, the Union government on Monday clarified the new rules related to availing input tax credit under the GST.
Be careful when you file GST! This error can lead to a fine–Business Today
The government on Monday clarified that it is the responsibility of the taxpayer to ensure that they do not claim more than 20 per cent
e-invoicing: E-invoicing to be introduced on a voluntary basis: here’s what you should know – The Economic Times
By Archit Gupta The GST Council has proposed that the electronic invoicing (e-invoice) system may be implemented on a voluntary basis from January 2020. Until now, there have been
Explained: GST shortfall and what govt needs to do – The Financial Express
The government has a target of at least Rs 1 lakh crore in GST collection every month to meet its revenue estimates. Goods and Services
GST, Excise & Customs Duty Taxpayers! Here’s how you can check authenticity of tax notice – The Financial Express
Step-by-step guide to verify CBIC-DIN: In a big relief for millions of taxpayers who are required to pay any of the three indirect taxes – GST,
GST only needs simplification | Business Standard Column
There is a misunderstanding going around that reduced tax collection is because of the defective GST structure. GST is not the cause for the slowdown in tax collection, rather
GST collection falls short of Rs 1 lakh crore mark yet again; missing target for these many months – The Financial Express
GST collections in October missed Rs 1 lakh crore target for the continuous third month. The collections in October stood at Rs 95,380 crore, which
CAIT seeks PM Modi’s intervention in Amazon, Flipkart alleged unethical business model – The Financial Express
The Confederation of All India Traders (CAIT) on Wednesday said it has sought Prime Minister Narendra Modi’s intervention in the issue of alleged unethical practice of
Increase in GST rates not a viable option for SMEs, will lead to unnecessary litigation – The Financial Express
By Rashmi Deshpande GST and Taxation for MSMEs: Recent newspaper reports indicate that due to fall in GST collections, the Government may be inclined to hike the
Govt plans to introduce e-way bill on gold movement to check GST evasion | Business Standard News
The government is considering introduction of e-way bill on the movement of gold to plug evasion and arrest declining goods and services tax (GST) revenue collections. To ensure that
