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
Category: GST
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
छोटय़ा उद्योगांना सरकारचा मोठा दिलासा | Loksatta
निश्चलनीकरण आणि अप्रत्यक्ष कर अंमलबजावणीचा फटका बसलेल्या देशातील लघु उद्योगांना ऐन निवडणुकीच्या तोंडावर मोठा दिलासा देण्याचा प्रयत्न केंद्रातील राष्ट्रीय लोकशाही आघाडी सरकारने गुरुवारी केला. मात्र
Pragmatic changes to GST regime–Economic Times
The Goods and Services Tax (GST) Council has, on the whole, made pragmatic changes, to ease the tax and compliance burden on small businesses. The
New blow- GST on RTM projects sans completion | Deccan Herald
The applicability of Goods and Services Tax (GST) in the Indian taxation system was a move aimed towards ‘one nation, one tax’. Post land abetment,
GST Council increases exemption limit, extends composition scheme to services – The Hindu
The Goods and Services Tax (GST) Council on Thursday, took a slew of decisions aimed at reducing the tax and compliance burden on small and
GST threshold limit increase to support growth in textile sector | Business Standard News
The Goods and Services Tax (GST) council in its 32nd meeting held on Thursday doubled the exemption threshold limit of textile players from the existing Rs 2
GST Council: GST composition scheme limit hiked to Rs 1.5 crore from April 1–Economic Times
The 32nd Goods and Services Tax (GST) Council meeting concluded today with a list of decisions made that would impact medium and small-scale industries and
Why reduced GST will prove costly for homebuyers – The Economic Times
A GST cut without providing input tax credit will hike housing prices. The government’s plan to reduce 12% GST on housing to a flat 5% without extending the benefit
SMEs: Boost for SMEs: Exemption limit for GST hiked to Rs 40 lakh from Rs 20 lakh – The Economic Times
In a “massive relief” to small businesses, the GST Council Thursday doubled the limit for exemption from payment of goods and services tax (GST) to Rs 40 lakh and
