Certain states have sought real-time access to annual Goods and Services Tax (GST) returns and e-way bills in order to check tax evasion, which can
Category: GST
E-commerce cos may get to upload GST e-invoice for vendors – The Economic Times
In a significant relaxation for the ecommerce sector, the government could allow online platforms such as Amazon and Flipkart to upload e-invoice for vendors under
Welcome rise in December GST collections–Economic Times
GST collections for December have been more than Rs 1 lakh crore, an increase of 9%, cementing the reversal of a declining trend that began
Pending IGST refunds leave Tiruppur exporters in the lurch – The Hindu BusinessLine
Pending IGST refunds leave Tiruppur exporters in the lurch Tirupur | Updated on January 04, 2020 Published on Over 250 exporters in Tiruppur have been
Govt releases FAQs on e-invoicing under GST – The Hindu BusinessLine
The Finance Ministry has come up with ‘Frequently Asked Questions (FAQs) on ‘e-invoicing’ under the GST system, reaffirming the government’s intent to implement ‘e-invoicing’ for
GST evaders set to face stricter scans – The Economic Times
Goods and services tax (GST) authorities are going to seek bank account details of businesses to tally with their filings, apart from initiating other measures,
Streamlining GST System: Revenue Secretary Pandey to chair meeting on January 7 – The Hindu BusinessLine
Deliberations to also focus on further use of data analytics and Artificial Intelligence for GST enforcement, curb fraud and evasion A day-long brainstorming session to
How GST helped the country sign a free trade agreement with itself – The Financial Express
The erstwhile interstate border tax checkposts having been dismantled, the truck took just half the time compared to the usual four-day travail in pre-GST days.
Expectations vs reality: SGST is a victim of irrational estimates | Business Standard News
In the last week of November 2019, five opposition-ruled states issued a statement that suggested that slowing revenues from goods and services tax (GST) had
All you wanted to know about compensation cess – The Hindu BusinessLine
In recent weeks, a skirmish has broken out between Opposition-ruled States, who have been complaining about the Centre dragging its feet on the release of
What may lie ahead in 2020 | Business Standard Column
The BJP has lost five states since December 2018. Jharkhand and Maharashtra are the latest, suggesting the narrative on nationalism has diminishing electoral returns With
Telcos may not get GST input tax credit refund: Report | Deccan Herald
Telecom companies may not get input tax credit refund worth Rs 36,000 crore under the Goods and Services Tax (GST), told the Deputy Chief Minister
‘IGST refunds worth Rs 1.12 lakh cr paid to exporters’ | Deccan Herald
The revenue department on Monday said that IGST worth over Rs 1.12 lakh crore has been refunded to exporters and only Rs 3,604 crore is
What is GST sans tax credit refund?–Economic Times
Bihar’s Deputy Chief Minister Sushil Kumar Modi says the GST Council will reject the requests by telcos for refund of input tax credit of Rs
GST facelift: Electronic invoicing, new returns to be introduced in 2020 | Business Standard News
Two things that will change the way transactions are reported under the goods and services tax (GST) system in 2020 are electronic invoicing and new
New procedures in GST system may be challenged in courts, say experts | Business Standard News
Experts say the new procedures in the goods and services tax (GST) system that enable officials to attach properties, including bank accounts, and cancel registration
GST shortfall not that big headache for Modi; it’s a worry for state Chief Ministers – The Financial Express
To compensate for GST shortfall, the government has recently increased the monthly GST collection target. Low tax collection in most of the Indian states may
FinMin notifies norm limiting ITC to 10% in case of GST details mismatch – The Hindu BusinessLine
Tax authority given the right to restrict the use of balance in electronic credit ledger In an effort to curb the menace of fake invoices
Those not filing GST returns may face attachment of property, bank accounts | Business Standard News
Those not filing GST returns could face attachment of their properties, including bank accounts, by tax officials. According to the standard operating procedure (SoP) issued by the
GST officials unearth Rs 241-cr tax evasion through fake invoicing | Business Standard News
GST officials have unearthed a racket involving fake invoicing worth Rs 1,600 crore that resulted in tax evasion of Rs 241 crore, an official release said in