GST and Taxation for MSMEs: With the festive season just around the corner, a significant part of India’s SME and startup community is finding it tough
Category: GST
Edelweiss: Cut in GST rates a definite positive for hotel sector – The Financial Express–
The GST Council in its recent meeting cut GST rates for the hotel sector across the board. The biggest cut came in the luxury category
Rs 1,000 crore fraud: Fake GST invoice racket unearthed in Kandla – The Financial Express–
The modus operandi involved over-valuation to the extent of 3,000% of the market value of goods exported to the SEZ (zero rated supply) and fraudulently
जी एस टी–हॉटेल उद्योगाला जीएसटीतून दिलासा, केंद्राचा मोठा निर्णय – महाराष्ट्र टाइम्स
पणजी: गोव्यात पार पडलेल्या जीएसटी परिषदेच्या बैठकीत आज काही महत्त्वपूर्ण निर्णय घेण्यात आले आहेत. जीएसटी परिषदेने निर्यात आणि हॉटेल उद्योगांना जीएसटीमधून सूट दिली आहे. हॉटेलच्या भाड्यातील
***GST evasion: Under-invoicing’ leading to GST evasion, claim bicycles makers
Bicycle makers further pointed out that bicycle is one of the most vulnerable products for GST evasion on account of the fact that 80 per
Government expects Rs 40,000 crore GST shortfall – The Economic Times
The government is expecting a shortfall of around Rs 40,000 crore in the GST collections over what has been budgeted for 2019-20. This could put pressure on
Preparing for GST audit: Taxpayers face penalty up to 0.25% of turnover | Business Standard Column
The GST laws provide for a mandatory audit to be carried out by every GST registered taxpayer whose turnover during a financial year surpasses Rs 2 crore.
Post-sale discount under GST: A clear position may help boost festive sales | Business Standard News
Readers may accuse me of hyperbole, but from my vantage point, it appears that never has removal of certain ambiguities/errors in tax laws been so
GST–Universal invoice matching is absurd | Business Standard Column
This subject has now gained prominence in discussions as some analysts have started claiming that the system of GST has become prone to evasion because
GST amendments via Finance Bill: A cheeky run by Modi government | Business Standard News
Finance Minister Nirmala Sitharaman in her maiden Budget speech has sought to implement the recommendations made by the GST Council during its 35th meeting last month. The
Two years on, still not a good and simple tax: What ails the GST regime | Business Standard Column
The last GST Council meeting had given a two-year extension to the National Anti-profiteering Authority (NAA), postponed the deadline for filing annual returns by two months, and
Volume of litigation under GST regime to grow in a big way: Experts | Business Standard News
Last month, the power of GST officers to arrest tax evaders hogged headlines and courts’ time. Following conflicting orders from various high courts, the apex court stepped in. A
The GST Council should stop tinkering, focus on simplifying rate slabs – The Hindu BusinessLine
With total collection this year lower than the budgeted amount, the shortfall is a cause for worry The upcoming GST Council meeting is perhaps the
Introspect on GST: The CAG report flags the impact of an imperfect GST Network – The Hindu BusinessLine
Small businesses still suffer overheads on account of GST compliance The irony here is hard to ignore: GST was introduced two years back to make
How companies undergoing insolvency resolution face hardships due to probable clash of GST with IBC – The Financial Express
By Rajat Mohan The introduction of GST has been described as India’s biggest tax reform, and the Insolvency and Bankruptcy Code (IBC) is a landmark
GST: Companies drag government to court over GST on long-term land lease pacts – The Economic Times
Some companies have dragged the government and the indirect tax department to court over goods and services tax (GST) levied on these deals in what could jeopardise longterm land
GST: Restrictions on ITC claim if you do not file GSTR 1 on time – The Economic Times
Announcing the relaxation in filing of annual returns for MSMEs for FY 2017-18 and FY 2018-19, a statement said waiver of the requirement of filing
Tax relief for MSMEs: GST Annual filing waived off for taxpayers below Rs 2 cr turnover–Economic Times
In another significant announcement, the new return system which was to be introduced from October 2019, will now be introduced from April, 2020. The GST Council,
GST Council, focus on the big picture–Economic Times
The Goods and Services Tax (GST) Council should resist the pressure to offer sectoral relief and focus on systemic reform of the tax: widen the
Two years of GST, in facts and figures: 280 mn returns filed till June 2019 | Business Standard News
GST Network (GSTN), responsible for IT system of goods and services tax (GST), has come out with various facts about the indirect tax in its two-year