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
Category: GST
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
GST: Relief for SMEs welcome, but may shrink the tax base, break value chain – The Economic Times
By MS Mani The Goods and Services Tax (GST) Council in its 32nd meeting has provided major relief to Small and Medium Enterprises (SME’s) ,
GST Council meeting: Here is list of 5 key decisions taken by Modi govt – The Financial Express
GST Council meeting: In the 32nd Good and Services Tax (GST) council meeting on Thursday, Finance Minister Arun Jaitley announced various measures including a big boost to small
Govt plans insurance scheme up to Rs 10 lakh for GST-registered MSMEs | Business Standard News
Ahead of the general elections, the government is considering an insurance scheme for lakhs of GST-registered small and medium scale traders with a view to address certain
GST–Stay the course – The Hindu BusinessLine
The GST Council, by raising the threshold exemption rate for goods suppliers from ₹20 lakh to ₹40 lakh, has thrown a major line of relief
One too many routes to GST evasion – The Hindu BusinessLine
Recently, the Minister of State for Finance informed Parliament that the government has detected GST evasion to the extent of ₹38,896 crores in the period
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