The Goods and Services Tax (GST) Council, the body which comprises Union and state finance ministers and oversees the indirect tax system, met for the 38th time
Category: GST
What are real challenges for MSMEs when they file GST return?–Deccan Chronicle
The sector contributes significantly to the industrial production, employment and exports of the country. The Micro, Small and Medium Enterprises (MSMEs) plays a vital role
GST Council may crack down on fraudulent invoices, input tax credit refunds | Business Standard News
The Goods and Services Tax (GST) Council, in its meeting on Wednesday, is expected to take up the issue of fake invoices and fraudulent input tax credit (ITC) refunds.
Arvind Subramaniyan–Ex CEA: Latest News & Videos, Photos about arvind cea | The Economic Times
Rising GST rates will aggravate economy further: Arvind Subramanian, former CEA The former CEA Arvind Subramanian feels that individual incom… via arvind cea: Latest News
GST Council waives off late fees for GSTR 1 filers; levies 28% GST on lotteries – The Financial Express
The GST council has decided to waive off late fees for all taxpayers who have filed GSTR 1, if all refunds are filed by 10
Nestle examining show-cause notice on GST benefits – The Economic Times
Leading FMCG firm Nestle IndiaNSE 0.30 % on Wednesday said it is examining the show-cause notice slapped by the National Anti-profiteering Authority (NAA) for not passing on
GST Council fixes 28% uniform tax rate for lottery – The Economic Times
GST Council fixes 28% uniform tax rate for lottery, extends GSTR 9 & 9C return filing The 38th GST Council has voted for the first time since
GST centres to help file returns – The Economic Times
With GST compliance remaining a big irritant for small businesses, the finance ministry is looking to set up facilitation centres on the lines of Aadhaar Seva Kendras
GST must be fixed and this involves changing rates – The Financial Express
Both Fifteenth Finance Commission chief NK Singh and West Bengal finance minister Amit Mitra have argued, separately, that the GST Council—when it meets later today—must
What India can do to achieve a spurt in economy — Vijay Kelkar & Ajay Shah say in new book
Goods and Services Tax is an important policy change taken up by the government but it failed in terms of implementation, which was “not taken
Amid reports of GST rate hike, former chief statistician tells why it may not help much – The Financial Express
Amid reports of the GST Council mulling rate hike, Pronab Sen, Former Chief Statistician of India said that the possible move may not help much
Solution to shore up revenues does not lie in depriving GST of its progressive character – The Financial Express
By G Gokul Kishore The GST Council is scheduled to meet on December 18 with the agenda to arrest falling collections. The shortfall in revenues
GST: Promoters move high court over taxman’s power to arrest, attach accounts – The Economic Times
A dispute over the taxman’s power to arrest promoters of companies and attach their bank accounts over suspected evasion of goods and services tax has reached the
GST compensation: Under fire, Centre releases Rs 35,298 crore to states – The Financial Express
When GST was rolled out on July 1, 2017, states were promised to be compensated for the loss of revenue. After a delay of over
‘Advance authorisation is different from special advance authorisation’ | Business Standard News
We received advance authorisation (AA) dated December 11, 2019, towards import of linen fabric under actual user condition. Will pre-import condition be applicable as per
Taxman may get to block doubtful input tax credit – The Economic Times
The government is set to amend Section 49 of the Goods and Services Tax (GST) law that would allow tax officers to block input tax credit of companies if
Nirmala Sitharaman: Bengal FM cautions govt against reviewing exemptions under GST – The Economic Times
West Bengal finance minister Amit Mitra has termed as “alarming” any move to review the list of items exempted from the goods and services tax. “Exempted list
Rationalise, not raise, rates of GST–Economic Times
The Centre’s move to release to the states Rs 35,298 crore of the pending compensation for GST shortfall is welcome. It will help shore up
Impact of GST will take time to show results: Bibek Debroy–Deccan Chronicle
The impact of GST on growth will take time and results will not be visible overnight, according to Bibek Debroy, Chairman, Economic Advisory Council to
Parliamentary panel asks govt to prevent misuse of input tax credit under GST as collection slows – The Financial Express
A Parliamentary panel on finance on Tuesday observed that the Goods and Services Tax (GST) collection has slowed down in recent months and asked the
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