The government may try to put in place rules to check tax evasion, but trust ingenious businessmen to come up with ways to beat it.
With 14 states joining the e-way bill system, GST Network today said it has opened the platform for trial by all users. E-Way Bill portal
GST evasion by dealers by suppressing turnover has caused a revenue slump under the composition scheme in the last two months, Bihar Deputy Chief Minister
It’s not only software, but rules and forms, rates and thresholds that need to be rehauled With the issuance of one crore GST Identification Numbers
The GST Council, which held an urgent meeting via video conference on December 16, approved mandatory compliance of the e-Way Bill to ease traders concerns
Filing of returns under Goods and Services Tax (GST) may get much simpler, as a panel is considering a single-stage return filing process, instead of
The upcoming GST Council meeting on January 18 provides the government an opportunity to set the stage for a single tax rate in the near
A couple of months back GST on “eating out” was lowered to 5%. In spite of being aware that it was possibly done on the
Last week, The Institute of Chartered Accountants of India (ICAI) brought to the government’s attention several issues in filing of GSTR-1 returns and enabling of
What is the last date for filing of Form GST TRAN-1? Can the TRAN 1 be filed after the due date with late fees? The
Anxious over the government’s anti-profiteering drive under the goods and services tax regime, companies in the segments of fast-moving consumer goods (FMCG) and information technology
Come February and transporters will not need separate transit passes for moving goods from one state to another as the e-way bill issued to them
With the upcoming budget being the first after GST, there is pressure on the government to take up legislative reforms to ensure effective implementation. Apart
While the base has increased, a bulk of the registered taxpayers are paying zero tax, indicating that they have no liability. Taxpayers for goods and
India’s net direct tax collections reportedly grew by 18.2% in April-December 2017 from a year ago, with advance tax payments in December adding substantially to
A government-appointed committee has recommended against inclusion of all services, barring restaurants, under the ambit of composition scheme in the Goods and Services Tax (GST)
Businesses and tax experts continue to complain about problems faced in supply returns under the goods and services tax (GST) on the GST Network portal.
The anti-profiteering authority may find it challenging to make its cases stick One of the main planks on which the Modi government ushered in the
A few days after Advance Estimates (AE) showed that the expansion in gross domestic product (GDP) is set to decline to a four-year low of
In a letter to large FMCG companies, the chairperson of the CBEC pointed out that in addition to these measures being a legal requirement, industry
After the Prime Minister (PM) made a strong case against a flat rate in the goods and services tax (GST), the debate has assumed more
Industry body Assocham has cautioned the government against resorting to a “knee-jerk” reaction to deal with slippage in GST collections, and said those revenues would
Filing complaints against companies for not passing the benefits of tax reduction under the goods and services tax (GST) regime is expected to become simpler.
The finance ministry’s new year gift is a notification reducing the Goods and Services Tax (GST) rate for manufacturers under the composition scheme, from two
I intend to import goods from outside India. Will payment to a Customs house agent (CHA) for Customs duty attract goods and services tax (GST)?
With the National Anti-Profiteering Authority being established, the Confederation of Indian Industry has called for greater clarity on rules to curb price increase due to
As the government assigned GST assessing officers from a combined pool of erstwhile Sales Tax, Excise and Value Added Tax (VAT) officers, many companies are
Suspecting large-scale evasion, the government has got into action as collection of Goods and Services Tax is declining. In the first case of its kind
Economic growth in 2017-18 is estimated to slow to a four-year low of 6.5 per cent, against 7.1 per cent in 2016-17. This will be
Goods and services tax (GST) officers sent notices to hundreds of companies across Gurugram, Mumbai and Bengaluru on Friday, demanding they reply with exhaustive lists