A number of important changes in the goods and services tax (GST) laws have taken effect from the beginning of this month. Some of these relate to
Category: GST
Flow of credit, caution listing, GST refunds a concern for exports: Industry tells govt – The Economic Times
Industry body CII also emphasised that it is critical to address issues related to trade financing, incentives and logistics, to help exporters become globally competitive.
Credit Utilisation: Companies stare at cash flow problems due to new credit utilisation rules–Economic Times
A tweak in the rule of how Goods and Services Tax (GST) credit should be availed is set to create a major cash flow problem
GST: threshold raised for suppliers of goods in most States – The Hindu BusinessLine
From April 1, all the States barring Kerala and Telangana, and two Union Territories (with assemblies), will have higher annual threshold limits for mandatory registration
‘MEIS benefit available for export realisation in rupee through Vostro a/c’ | Business Standard News
We have made a shipment denominated in Indian rupees to Thailand. We have received the payment through banking channels and our bank has informed us
What’s next in GST: Consistent laws, crackdown on evaders – The Economic Times
Real estate may be the only major sector where effective rate of tax has arguably gone up in GST. by Pratik Jain We started with
Delayed GST returns: Here’s how much money government made in late fees – The Financial Express
While usually delayed tax returns by the taxpayers is an inconvenience, and often a burden, for the exchequer, the Indian government has netted a neat
‘GST is of no use to us’ – The Hindu BusinessLine
Bal Malkit Singh, former President of the All India Motor Transport Congress. Bottlenecks still abound, says former AIMTC President Bal Malkit Singh Has the Goods
GoM favours paring GST to 5% on residential properties from 12% currently | Business Standard News
A panel of state ministers Friday favoured lowering GST on under-construction residential properties to 5 per cent, from 12 per cent currently. The Group of
GST anti-profiteering: An unending dilemma for taxpayers – The Financial Express
Businesses still await the formulation of standard guidelines for compliance with anti-profiteering provisions under the GST regime. Even after 25 orders have been passed by
Developed states are showing lowest growth in GST revenue collection | Business Standard News
The most urbanised and industrialised states in India are showing the lowest growth in state goods and services tax (GST) revenue collection in 2018-19, data
Telcos seek GST waiver on payments to government, Rs 35K-cr input credit adjustment – The Financial Express
Telecom operators adjust input credit in GST that they collect from customers. Telecom firms, barring Reliance Jio, have asked the government to waive GST on
CRISIL SME Tracker: A GST leg-up for micro enterprises | Business Standard News
The interim Budget 2019-20 has proposed several measures aimed at micro enterprises, which account for more than 99 per cent of India’s micro, small and
‘Filing return a must to get rebate benefit’ – The Hindu BusinessLine
Revenue Secretary Ajay B Pandey has said that one will have to file the return to get the full rebate on taxable income up to ₹5
Budget 2019 | MSME: GST rate rationalisation, fast track convergence to fewer rates help MSMEs–Economic Times
Interim Budget proposals went by convention in the realm of Indirect Taxes as there was no indirect tax proposal in Finance Minister ‘s Budget Speech,
GST mop up crosses ₹ 1 lakh crore in Jan – The Hindu BusinessLine
GST collections in January crossed Rs 1 lakh crore-mark, after a gap of 2 months, the Finance Ministry said on Thursday. “The total gross GST
‘Exempt supply’ includes supplies on reverse charge basis to restrict ITC | Business Standard National
Q. We are a society conducting events for our members. For the events, we get sponsorship amounts from our clients. We raise a sponsorship invoice
GST–Tax officials may examine high usage of ITC to set off GST liability – The Economic Times
Concerned over a decline in GST revenues, tax officials are likely to examine the high usage of input tax credit (ITCNSE 0.11 %) to set off tax liability
Tribunalisation of GST justice necessitates tweaks | Business Standard Column
The Union Cabinet last week approved of a proposal to set up a national Bench of the Goods & Services Tax Appellate Tribunal (GSTAT) in the capital,
GST: 2-3 tax slab structure will boost GST compliance: Assocham’s Saurabh Agarwal
“MSMEs still continue to face troubles in logging in and submitting information. Most businesses find the process to be time-consuming and costly,” he said. Talking
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