By Surbhi Premi The GST Council in its 27th meeting discussed that the Government is keen to introduce the simplified return design to reduce compliance
Category: GST
Slowdown in three sectors, dip in imports hit GST collection – The Economic Times
The slowdown in three sectors – automobiles, cement and iron & steel – along with falling imports have taken a toll on GST collections, even as the
PMO asks states to curb fake ITC claims – The Economic Times
A day after the GST Council set up a committee to identify measures to augment revenue from goods and services tax collection, the Centre Friday asked states
GST Network to release new version of return filing interface this month – The Financial Express
“Many of the suggestions were incorporated in version 2 which is in place right now. Version 3 is going to come on October 22 of
GST: B2B invoices will have to be generated on govt portal by Sept | Business Standard News
Depending on the success of the project in the B2B segment, the revenue department would be looking at extending it to business-to-consumer (B2C) sales All
GST may see its biggest review since launch, rates and slabs likely to be tweaked – The Economic Times
(This story originally appeared in on Oct 11, 2019) Two years after its launch, the Centre has begun the biggest review of goods and services
GST might have flaws but cannot damn it now: Finance Minister Nirmala Sitharaman – The Economic Times
Conceding that GST may have some flaws in its present form, finance minister Nirmala Sitharaman on Friday asked tax professionals not to curse it and sought their help to
FM Sitharaman concedes GST may have some flaws, seeks inputs from tax experts – The Financial Express
Conceding that GST may have some flaws in its present form, finance minister Nirmala Sitharaman on Friday asked tax professionals not to curse it and
GST: Double whammy for SMEs; new rules for ITC refund may aggravate the cash flow problem – The Financial Express
Govt has capped input tax credit under the GST to 20% in case of a mismatch. GST Return: The Union government’s new circular to restrict the
GST: New proposal to claim GST input credit may have significant impact on cash flow–Economic Times
The notification states that after suspension of registration, businesses would be allowed to make taxable supplies, but not charge tax on supplies or issue a
GST refunds denied to MNC back offices – The Economic Times
A host of back offices of multinational companies in the financial sector face a tax whammy, with Goods and Services Tax authorities denying them refunds
Taxman demands GST on brands, logos – The Economic Times
For the banks, a large part of the GST would become pure cost as they would not be able to set it off against future
Revenue crunch prompts govt to consider GST rate hike on low-tax products | Business Standard News
The finance ministry, faced with a steep revenue collection target for 2019-20, is exploring whether the goods and services tax (GST) can be imposed on
With GST compensation cess falling short, states may agree to raise rates at the lower end – The Financial Express
Even if the Centre guarantees a 14% growth in state GST revenues for another five years, in case the compensation cess falls short, the states
Trucking industry in need of a lifeline, not just GST rate cut, say players – The Hindu BusinessLine
‘Only an all-round recovery of the economy can revive demand’ Even as the auto industry clamours for fiscal relief in the form of a GST
Shield state finances from the slowdown–Economic Times
Shield state finances from the slowdown States should worry that continued economic slowdown would hold down their tax revenue from the goods and services tax
Restoring high growth | Business Standard Column
The recent corporation rate tax cuts have enthused the share market but are not sufficient to lift the growth rate to anywhere near the levels
Indirect tax board removes circular on GST, but confusion remains | Business Standard News
The indirect tax board had removed a “controversial” circular that imposed goods and services tax (GST) on post-sale discounts by dealers, but it has done
GSTR-9 due date: GSTR-9 is exceedingly complex. Things to consider in simplifying it
By Archit Gupta The Goods and Services Tax has been the most important indirect tax reform of India. GSTwas introduced with a noble objective of
Kerala finance minister Thomas Isaac blames ‘mess in GST’ for low mop-up | Business Standard News
The dwindling goods and services tax (GST) collections, which fell to a 19-month low in September, have triggered a war of words between Kerala Finance
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