Tax sleuths across the country are girding up their loins to put checks and balances on growing cases of fake invoices in GST—fake B2B invoices
Category: GST
BPO firms left in the lurch over input tax refund – The Economic Times
India’s business process outsourcing industry is in a quandary as refunds of taxes paid on inputs remain stalled for want of a clear directive from
Law firms are laughing all the way to the bank amid swelling IBC, GST cases–Economic Times
There seems no slowdown in the business of law as the country’s legal sector has increased its fee income by more than 62% in two years at
GST authorities unearth racket involving Rs 140 cr tax fraud – The Economic Times
Fake firms have passed on fraudulent ITC to a range of buyers who have availed the same to discharge their GST liability on outward supplies,
GST: Purchase without bill may be big GST leakage source–Economic Times
Tax authorities have identified B2C sales as a key source of leakage of goods and services tax (GST) as consumers are often cajoled into paying in cash without
Centre Planning To Come Up With Lottery Scheme For GST Paying Customers – BW Businessworld
The Ministry of Finance is planning to come up with a lottery scheme to lure customers to pay Goods and Services Tax (GST). This will
GST system redesign neither desirable nor feasible, say tax experts | Business Standard Column
N K Singh, chairman, the Fifteenth Finance Commission, recently set the cat among pigeons when he called for taking the goods and services tax (GST) system back
GST: Is the GST Composition scheme beneficial? Cost-impact analysis shows the risks–Economic Times
By AK Bhasin and Rohan Pahwa One of the Central Board of Excise & Customs (CBEC’s) flyers on composition levy scheme in GST says: “Composition levy scheme
NK Singh calls for further simplification of the GST structure – The Economic Times
A further simplification of the Goods and Services Tax structure could help increase revenue and foster better tax compliance, according to N K Singh, chairman of
GST filings rise 8.2% to 64.8 lakh in November – The Economic Times
The Central Board of Indirect Taxes & Customs (CBIC) on Thursday said the filing of GSTR-3B returns shot up by 50% on Wednesday, the deadline for filing returns,
NK Singh blasts frequent tinkering with GST rates | Deccan Herald
Fifteenth finance commission chairman NK Singh on Friday called for major changes in the GST structure, including reducing the cumbersome compliance procedures and also doing
Centre must devise mechanism for GST compensation, says WB finance minister – The Financial Express
West Bengal finance minister Amit Mitra on Thursday said that it was for the Central government to devise a mechanism for payment of compensation to
Onus of fixing GST not just the central government’s – The Financial Express
The GST Act did provide for compensation—paying this if state revenues failed to grow at 14% was more than a bit generous—but, this was to
Slowdown due to Centre’s failed economic policies, says Amit Mitra | Business Standard News
Blaming demonetisation and the “ill-implemented” goods and services tax regime for the current economic slowdown, West Bengal Finance Minister Amit Mitra (pictured) on Thursday hit out at the central government for
New GST rule to curb ITC misuse hits MSMEs – The Financial Express
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,
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
