The overall shortfall in revenue from GST in 31 States and Union Territories fell to 10 per cent over the first eight months of the
Category: GST
Home buying may become less taxing in 2019 – The Hindu BusinessLine
Come 2019, buying an under-construction flat will become cheaper. The Centre and the State governments are working to lower the Goods and Services Tax (GST)
New GST return may not be mandatory till polls – The Economic Times
The new GST return is expected to be ready in April but the government may not mandate its use until the general elections are over as it is keen
Full common man checklist: After latest GST meet, here’s how much tax you pay on common goods & services – The Financial Express
After the meeting, Finance Minister Arun Jaitley said that the recommendations by the fitment panel have been considered in today’s meet. GST Council Meet: The 31st
GST rate cut to make third party insurance affordable for ‘goods carrying vehicles’ – The Hindu BusinessLine
The general insurance industry has widely welcomed the Goods and Services Tax (GST) council’s move to cut GST rate on third party insurance premium of
Government will use Business Intelligence and Analytics to detect tax evasion in GST – The Financial Express
Government is also working to develop a new system for filing of GST returns with an improved user interface. The government will use Business Intelligence
GST: BPOs may be kept out of GST ambit–Economic Times
India aims to keep business process outsourcing (BPO) service providers out of the ambit of the goods and services tax (GST), ensuring that they won’t face 18% tax. A
Pruning GST | Opinion News, The Indian Express
Farm loan waivers, on the other hand, are devoid of economic rationale. Adherence to fiscal prudence is too much to expect when national elections are
Sense on GST: Better Late Than Never–Economic Times
Prime Minister Narendra Modi’s suggestion to the Goods and Services Tax Council to further prune the list of items that attract the peak goods and
Average GST rate will soon be at 15%: NITI Aayog Vice-Chairman – The Hindu BusinessLine
The average rate of Goods and Services Tax (GST) will soon be around 15 per cent, NITI Aayog Vice-Chairman Rajiv Kumar said on Wednesday, a
How GST collections can be bumped up – The Hindu BusinessLine
Quick rollout of a single simplified return, fixing the technical issues in GSTN, and bringing back reverse charge will help The implementation of the Goods
Mumbai: DGGSTI arrests promoters of textile firms | Cities News, The Indian Express
THE Directorate General of Goods and Services Tax Intelligence (DGGSTI) has arrested the promoters of two Mumbai-based textile firms for an alleged Central Goods and
GSTN sharing data with taxmen on return mismatch, non payment of taxes: Shiv Pratap Shukla – The Economic Times
GST Network has started sharing with tax officers data on mismatch in summary and final returns filed by businesses, as well as those who have
GST leading to hawala transaction, input tax credit black money: Amit Mitra | Business Standard News
West Bengal Finance Minister Amit Mitra Tuesday said the GST is leading to hawala transactions as businesses are claiming input tax credit and authorities are not matching those claims with invoices. Stating that Goods
The new GST test | Business Standard Editorials
The recently concluded elections in five states will likely show their first impact on policymaking when the Goods and Services Tax (GST) Council meets on December 22. The Council
Food processors’ body GST relaxation on agriculture products processed at primary level – The Financial Express
The GST council meeting is scheduled on December 22. Ahead of the GST council meeting, the food processors’ association AIFPA on Monday demanded tax on
‘IGST paid on imported inputs is excluded in definition of duty drawback’ | Business Standard News
We have used some imported duty paid goods in the manufacture of export product. We have not taken input tax credit of the IGST paid on the
Multi-state GST, Input Tax Credit fraud worth Rs 2 billion detected | Business Standard News
The Central Goods and Service Tax (CGST) department has detected a fraud of Goods and Service Tax (GST) and Input Tax Credit (ITC) in the metal scrap
Arranging pandits via portal to conduct puja? Pay GST – The Hindu BusinessLine
Services offered for facilitating puja or abhishek by a priest will attract the Goods & Services Tax (GST), according to Maharashtra’s Authority for Advance Ruling (AAR-MAHA). It also made
‘Cars bought in one State, but transported to another will require no e-Way bill’ – The Hindu BusinessLine
The two-judge division Bench of the Kerala High Court has said in an order that private vehicles bought in other States, but transported to Kerala,
