On a cold winter day, Sinha sits snug near an oil heater behind a wooden desk in the small but well-furnished study of his tastefully
Category: GST
GST–Ex-CBEC Chairman pitches for GST rate rationalisation, fast track convergence to fewer rates – The Economic Times
Judicious steps after the election months should help GST stabilise in all respects and that should happen by the end of 2019. While maintaining that
Welcome Move for GST Appellate Body–Economic Times
The government’s decision to create a national Goods and Services Tax Appellate Tribunal to adjudicate disputes is welcome. It will help in faster resolution and
GST audit: The last milestone in the journey of filing returns for FY 2017-18 – The Economic Times
By Santosh Dalvi It is 18 months since GST was implemented. The journey has been similar to a roller coaster ride, full of excitement and blind spots
GST Council’s decisions and their impact on small business | Business Standard News
The 32nd Goods and Services Tax (GST) Council meeting addressed most of the issues outlined by states and Union Territories (UTs) for the micro, small and medium enterprises (MSME)
GST gets its first dispute resolution tribunal on ‘place of supply’ issue | Business Standard News
The Union Cabinet on Wednesday approved a proposal to set up a national bench of the goods and services tax (GST) appellate tribunal (GSTAT) in Delhi. The
Several states opt to double GST threshold – The Economic Times
Kerala is so far the only state to retain the GST threshold at an annual turnover of Rs 20 lakh for businesses in the state, even as
GST: Single rate, fewer exemptions in GST key to boosting India’s tax-to-GDP ratio–Economic Times
India may be eyeing further reforms to lift the tax-to-GDP ratio after putting in place the goods and services tax (GST), one of the country’s biggest policy changes ever.
budget 2019: Revival scheme for stressed MSMEs, need of the hour: FISME’s Anil Bhardwaj – The Economic Times
The MSMEs, who had to adopt and implement GST on their own, learnt by trial and error. Obviously, there would be mistakes initially during the
Soon, no e-way bill if GST returns not filed for 6 months – The Economic Times
Touted as an anti-evasion measure, e-way bill system was rolled out on April 1, 2018, for moving goods worth over Rs 50,000 from one state
GST–Coming to sense with absurdities | Business Standard Column
Good sense has prevailed. The ‘pre-import’ condition for import of inputs without payment of Integrated Goods and Services Tax (IGST) under certain categories of advance authorisation has
‘Uptick in credit demand from SMEs after note ban, GST’ – The Hindu BusinessLine
There has been a steady uptick in demand for credit from small and medium enterprises (SMEs) over the last 18 months following demonetisation and GST.
One GST, nine taxes – The Hindu BusinessLine
Is the GST Council loosening its grip? After the 32nd meeting of the GST Council, the government will find itself in a uncomfortable position to
E-way bill to be integrated with NHAI’s FASTag to track GST evasion from April – The Economic Times
The GST e-way bill system is likely to be integrated with NHAI‘s FASTag mechanism from April to help track movement of goods and check GST evasion. The revenue department has set up
GoM to look into feasibility of GST rationalisation, composition scheme for real estate – The Financial Express
The effective pre-GST tax incidence on such housing property was 15-18 per cent. A ministerial panel headed by Gujarat Deputy Chief Minister Nitin Patel would
GST: Companies may soon be able to rectify GST returns for Non-IT errors–Economic Times
Indian businesses may soon be able to amend goods and services tax (GST) return mandated for carrying forward tax credit from the previous regime for
Higher onus on trade in new audit approach | Business Standard Column
The Central Board of Indirect Taxes and Customs (CBIC) is putting in place a new audit approach, based on the experience gained over years in implementation of Post
Exaggeration of evasion is dangerous | Business Standard Column
Being an ex-insider, I know for certain that evasion of tax is exaggerated by departmental officers. They get brownie points for showing more detection of
GST exemption has brought cheers to MSMEs, but not everybody’s happy | Business Standard News
It makes business sense to avail of input tax credit, and forgo exemption benefits The latest round of relaxation in the registration threshold and composition scheme is
GST–Here’re the lessons from anti-profiteering order against HUL | Business Standard News
The National Anti-profiteering Authority, the anti-profiteering juggernaut rolls on despite questions around its constitutional validity. It recently held against Hindustan Unilever (HUL), a 98-page long
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