Many companies could face a stress on their working after a Goods and Services Tax (GST) regulation may lead to hundreds of crores stuck in input tax credit claims.
Category: GST
GST: Dealing in international trade? You may not be classified as exporter–Economic Times
By Archit Gupta One of the important decisions taken in the 37th GST Council meeting held on September 20, 2019 was that GST will not apply to intermediaries dealing
Many companies in a fix as working capital may be stuck due to a GST regulation – The Economic Times
Many companies could face a stress on their working after a Goods and Services Tax (GST) regulation may lead to hundreds of crores stuck in input tax credit claims.
GST Review: Only way to increase revenue is to plug the leakage, curb fake GST invoices – The Financial Express
GST Tax: Concerned with the dwindling tax collections under the GST, the Modi government has embarked on one of the most comprehensive review of a nationwide
E-invoicing, a game-changer for GST – The Hindu BusinessLine
All you wanted to know about how e-invoicing works The GST Council, on September 29, 2019, has approved the introduction of ‘E-invoicing’ or ‘electronic invoicing’
If GDP growth is down, GST mop-up will be hit: Ajay Bhushan Pandey | Business Standard News
mid expectations that personal income-tax (I-T) rates would be cut soon, revenue secretary Ajay Bhushan Pandey tells Dilasha Seth and Indivjal Dhasmana that these decisions are usually taken at the time
Exporters draw DRI wrath for alleged GST violations – The Economic Times
The government’s decision to ban onion exports and impose stock limits may have arrested the steep rise in prices of the essential vegetable, but experts feel it’s
GST return filing: New formats may stump taxpayers on adjustment entries – The Financial Express
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
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
