India Inc. is gearing up to face the first test of their goods and services tax filings, with the authorities looking to initiate audits by
Category: GST
GST roadblocks – The Hindu BusinessLine
Two years after its introduction, goods move faster, but ‘toll raj’ persists Transporting goods from one State to another has become a smoother affair on
Govt probes I-T and GST mismatch in crackdown against evaders – Times of India
Back in office, the Modi government is set to take up the next stage of action against tax evasion and money laundering with data analysis helping detect thousands of
GST: Benefits from lower GST rate must be passed on to home buyers: NAA–Economic Times
The NAA agreed with the findings of the DGAP directed Salarpuria Real Estate to pass on the benefit to the Applicant and other buyers to
GST: Post-supply discounts or distress? – The Economic Times
GST laws provide that GST is not required to be paid on any discounts including post supply discounts by way of GST credit notes. By
GSTR | GST: Why businesses must prepare GSTR-9 without any delay
By Archit Gupta We will soon step into the third year of GST. For now, businesses are struggling with compliance for FY 2017-18 the very
GST evasion: Supreme Court to clarify on revenue authorities’ power to arrest – The Financial Express
A vacation bench led by Chief Justice Ranjan Gogoi sought response within four weeks from some taxpayers accused of GST evasion on the Centre’s appeals
GST Network offers free accounting and billing software to MSMEs | Business Standard News
GST Network (GSTN) Tuesday said it has started offering free accounting and billing software to MSMEs with annual turnover of up to Rs 1.5 crore, which would
Can arrests be made under CGST? Centre moves SC seeking clarification | Business Standard News
The central government has moved the Supreme Court (SC) seeking clarification on its powers to arrest a person without filing a first information report (FIR) under the central goods and
GST: From anti-profiteering to fixing GSTN glitches, issues that need immediate attention
By Anita Rastogi As the country’s biggest tax reform, Goods and Services Tax (GST), is inching closer to its second anniversary on June 30, 2019,
Government likely to introduce electronic invoice system under GST – The Economic Times
Top companies in the country may soon have to rely on a common goods and services tax portal to issue invoices to their customers. The
Single authority for sanctioning, processing GST refunds likely by August – The Economic Times
The Centre and states share control of those assessees with annual turnover of over Rs 1.5 crore in 50:50 ratio. A single authority for sanctioning
Tightening the GST net: Time to expand base, streamline flow of credit | Business Standard Column
The new government will have to tighten the GST net in its upcoming tenure. The government will have to expand the GST base in the country. At present, real
duty-free: No GST on sales at duty-free stores, says Allahabad High Court – The Economic Times
Multiple court rulings on payment of goods and services tax (GST) at dutyfree shops are making life confusing for those buying perfumes and chocolates from these stores.
View: Policy continuity needs to get priority over new reforms – The Economic Times
BY-ANUBHUTI SAHAY (Head, South Asia, Economics Research, Standard Chartered) The economic agenda for the next government should be two-pronged in our view — bringing the already
GST anti-profiteering body may get fresh lease of life – The Economic Times
India’s anti-profiteering framework may remain in place for another two years as the country eyes more changes to the goods and services tax (GST) structure.
GST: View: New government should hit the ground running on reforming the GST–Economic Times
By VS Krishnan The goods and services tax (GST) will require attention from the new government that comes in later this week. First, GST must improve its
GST Council may consider national bench of AAAR next month; move to give certainty to taxpayers – The Economic Times
The GST Council was scheduled to discuss it in its meeting in July 2018. However, the council did not arrive at a decision on the
GST and inter-branch transactions fraught with potential litigation – The Financial Express
By Santosh Dalvi It is imperative that businesses obtain a registration in each state where they have an establishment or any business activity is undertaken
What do GST rules say about refund for exporting goods and their payment | Business Standard News
We have exported goods on payment of IGST and got refund of the same also under Rule 96 of the CGST Rules, 2017. We also
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