The GST Council is scheduled to discuss a plan to increase the registration threshold, which the law committee had proposed should be Rs 40 lakh,
Category: GST
Relief for 2 mn small businesses as GST exemption doubled to Rs 40 lakh | Business Standard News
In a bid to give relief to small businesses, the GST Council Thursday doubled the limit for exemption from payment of goods and services tax (GST) to
GST-Another sop story | Business Standard Editorials
The Goods and Services Tax Council, the apex body with representation from the Centre and all states, announced a series of sops for taxpayers on
Big relief for small businesses under GST – The Hindu BusinessLine
Threshold limit for mandatory registration of suppliers of goods doubled to ₹40 lakh Small businesses can breathe easy now as the Goods and Services Tax
Why GST Council failed to decide on new rate for under-construction flats–Business World
The GST Council has further deferred the decision on a new tax rate on under-construction apartments. As the GST Council met for 32nd time today
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
Make GST input tax credit claims online: Suresh Prabhu – The Economic Times
Commerce minister Suresh Prabhu Wednesday urged the finance ministry to make the process of refund of GST input tax credit online. Prabhu, along with commerce and revenue department officials,
GST will boost India’s economic growth in coming years: India Inc – The Financial Express
Goods and Services Tax is a step in the right direction which will usher in growth and investment in the country, the industry feels. The
Cartels set up ‘briefcase’ firms, defraud GST regime of thousands of crores | Business Standard News
Parliament was informed on Tuesday that 3,626 cases of tax evasion had been detected in the three quarters of FY19 under the goods and services
‘Charitable trusts selling books, CDs have to pay GST’ – The Hindu BusinessLine
Appellate Authority upholds AAR ruling The Appellate Authority for Advance Ruling (AAAR) for GST has upheld that a charitable trust whose main objective is the
GST rules: No e-way bill if returns not filed for two months – The Financial Express
GST: No e-way bill if returns not filed for two consecutive months In a bid to force non-compliant businesses to file returns regularly, the finance
GST, excise, service tax evasion shoots up to Rs 48,555 cr in Apr-Dec | Business Standard News
GST, central excise and service tax evasion detected during the April-December period of the current financial year stood at Rs 48,555 crore, the highest in two years. During the
GST Council: GST ministerial panel favours Kerala levying 1% cess for 2 years
The ministerial panel under Bihar Deputy Chief Minister Sushil Modi Sunday approved levy of 1 per cent ‘calamity cess’ by Kerala for a period of two years
Clearly, GST is still ‘work in progress’ | Business Standard Column
he advent of a new year energised the department of revenue in the Union finance ministry to issue a number of notifications and clarifications under
GST: Ministerial panels on GST relief to MSMEs, levy of calamity cess to meet today – The Economic Times
Currently, businesses with annual turnover of up to Rs 20 lakh are exempt from the Goods and Services Tax Two ministerial panels under the GST Council will
Small businesses likely to be off GST radar; council to decide on Thursday | Business Standard News
The Goods and Services Tax (GST) Council will take a decision on increasing the turnover threshold for mandatory registration under the ambit of GST on
Govt hunts for GST defaulters as compliance rate continues to decline – The Financial Express
The percentage of taxpayers who have not filed returns under GST has risen to over 28% in November 2018. The government is on the hunt
India wants a simpler, easier GST complaint form for consumers – The Economic Times
India wants to make it easier for consumers to complain against companies that may not be passing on the benefits of lower goods and services
Tax burden leave business correspondents of banks in a lurch – The Economic Times
Executives said there is another apprehension that a chunk of transactions which were happening through banking channels could move to cash through hawala channels. Business
Government crackdown on GST profiteers: Orders issued against 9 businesses for not passing Rs 560-cr GST rate cut benefits – The Financial Express
NAA has been holding regular meeting with zonal screening committees and the chief commissioners of GST to stress upon the consumer awareness programmes The GST
