Businesses are jittery over procedural hassles in filing annual returns under the goods and services tax (GST) regime. These have to be given for part of 2017-18
Category: GST
Playing safe, govt may defer rollout of new GST returns system – The Hindu BusinessLine
In what could well turn into a pre-poll relief for traders and businesses, the Centre may opt to delay the rollout of the new format
GST: Amnesty scheme likely for ‘nil’, non-filers – The Hindu BusinessLine
The Goods and Services Tax (GST) Council may consider one-time amnesty scheme to facilitate exit for ‘nil’ filers and non-filers. “Approximately there are 25 lakh
GST compensation paid to states declines to Rs 11,900 cr in August-September – The Hindu BusinessLine
GST compensation paid to states by the Centre has declined to over Rs 11,900 crore during August-September, an official said. The bi-monthly GST compensation paid
Over 2 lakh assessees who migrated from VAT regime opt out of GST net – The Hindu BusinessLine
Over 2 lakh assessees have opted out of the Goods and Services Tax (GST) registration as their turnover is below the prescribed threshold. This will
Year-end compliance under GST: Filing the annual GST return is a tedious task – The Financial Express
Form GSTR 9 provides for consolidation of monthly or quarterly GST returns, i.e., value of supplies, input tax credits availed and utilised, taxes paid etc.
GST anti-profiteering provisions: Not so profitable anymore | Business Standard Column
The concept of goods and services tax (GST) has been modelled along the lines of the value added tax (VAT) system adopted globally. Taking a
Some of the conceptual issues in GST | Business Standard Column
In an earlier article about a year back, I had written about some misconceptions regarding VAT & GST. Now I am writing more on the subject. (a) The White
When anti-profiteering authority bares fangs: Here’re lessons from 8 orders | Business Standard News
Anti-profiteering provisions under GST emanate from Section 171 of the Central Goods and Services Tax (CGST) Act, which mandates that (i) benefit on account of reduction in effective rate
For a change, a useful and needed circular | Business Standard Column
The Central Board of Indirect Taxes and Customs (CBIC) has issued a very useful circular, 38/2018-Customs, dated October 18. It is on procedure in cases
GST likely to have 3-rate structure in future: Bibek Debroy – The Economic Times
“Only very few..two or three, including India, Canada and perhaps Australia have dual GST, while the rest have a single, unitary tax,” he said. The
GST-Surprise communiqué – The Hindu BusinessLine
Just after most taxpayers had filed their monthly returns for September comes a press release with no title, number, signature or information as to who
GST muddle: AARs’ rulings clash on similar queries in two States – The Hindu BusinessLine
Payments made by foreign companies to liaison offices in the country will not attract GST, Authority of Advance Rulings (AAR) – Tamil Nadu has ruled.
‘Input tax credit refund available for zero rated export of exempted items’ | Business Standard News
Q. We are a “hospital service provider” registered under GST. We wish to procure capital goods, both imported and indigenous, under EPCG authorisations, as we
Some GST issues need clarifying | Business Standard Column
Since introduction of the goods and services tax (GST), exporters have been subjected to several difficulties. Among these are delays and costs in getting refunds, unrealistic conditions
GST’s latest in word cascade | Business Standard Column
Last Tuesday, the Union finance ministry issued two notifications, amending the provisions for granting refunds to exporters. One with retrospective effect from October 23 last year and
Lottery under GST to counterfeit note case, here are key court orders | Business Standard News
SC frowns on interim orders in NPAs The Supreme Court has disapproved of some high courts continuing to entertain matters arising from the Securitisation (Sarfaesi) Act and
When anti-profiteering authority bares fangs: Here’re lessons from 8 orders | Business Standard News
Anti-profiteering provisions under GST emanate from Section 171 of the Central Goods and Services Tax (CGST) Act, which mandates that (i) benefit on account of reduction in effective rate
GST: Govt flip-flop continues, last date for claiming ITC extended after due date – The Hindu BusinessLine
It seems tax authorities are not very sure what to do at the appropriate time. This was clearly evident on Sunday, when the Finance Ministry
Dual jurisdiction under GST opens door for traders’ harassment: CAIT – The Hindu BusinessLine
Traders’ body CAIT on Friday warned that allowing central as well as state tax administrations to initiate action against any taxpayer irrespective of jurisdiction would
