Table for reporting supplies with tax liability at various tax rates shall not capture HSN, but would continue supplies at different tax rates. With an
Category: GST
IGST cut: Why industry’s pitch for import duty hike may be misplaced | Business Standard News
Pitch by businesses for an import duty hike after goods and services tax (GST) rate cut on over 100 items in the last Council meeting appears misplaced with no
Ministers’ panel approves GST discounts for digital payments – The Hindu BusinessLine
A Group of State Finance Ministers on GST discount, headed by Bihar Deputy Chief Minister Sushil Modi, on Friday gave its nod for incentivising digital
Anything but simple – OPINION – The Hindu BusinessLine
GST returns: New format complicates things Locked Invoices. Rejected Invoices. Pending Invoices. Missing Invoices. Amended Invoices. GST taxpayers would need to get accustomed to an
MSMEs may get GST refunds – The Financial Express
MSMEs may get GST refunds The Goods and Services Tax Council, in its meeting on Saturday, is likely to consider extending some monetary sops to
To simplify process, 1 in 4 items has seen GST rate cut but revenue worries mount | The Indian Express
One in every four items has seen a cut in tax rates over the thirteen months since the rollout of the Goods and Services Tax
With Sahaj and Sugam forms, GST is getting easier | Deccan Herald
The introduction of GST has slightly dampened the ‘brand value’ of other taxes such as Income Tax. This can be attributed to the fact that
Proposed returns process to simplify GST regime, bring relief to taxpayers | Business Standard News
Life will be a bit easier for businesses and professionals under the goods and services tax (GST) regime if the proposed simplified returns are put in place
Big relief! New GST return forms reduce hassles for small taxpayers – The Financial Express
Big relief! New GST return forms reduce hassles for small taxpayers The simplified tax return forms for the goods and services tax (GST) has done
GST: Half of taxpayer base had the option to stay out, but chose otherwise – The Financial Express
Half of taxpayer base had the option to stay out, but chose otherwise Over half of the 96 lakh regular taxpayers registered for the goods
Time to scrap the GST’s anti-profiteering authority – The Financial Express
At some point, the government has to start trusting markets to deliver, to ensure that in a competitive market-place, no firm is going to try
GST anti-profiteering authority seeks inputs from Airtel, Indigo on room for price reduction for customers – The Financial Express
The GST anti-profiteering authority has sought inputs from telecom operator Bharti Airtel and budget airline Indigo on whether the goods and services tax (GST) or
GST collection may be Rs 517 bn less than budgeted target of Rs 6,039 bn | Business Standard News
The Centre’s collections from the central goods and service tax (CGST) stood at Rs 504 billion at the end of the first quarter (Q1) of
‘MEIS available on shipping bill or actual realisation, whichever is lower’ | Business Standard News
Q. We have made an export on the basis of a contract saying that the remittance against the consignment will be paid by the buyer on the
GST changes: All show and no go – The Hindu BusinessLine
The benefits arising from some GST Council decisions are at odds with what the claims made The decisions taken by the Goods and Services Tax
GST impact on pharma and FMCG firms: Is taxing freebies legally tenable? | Business Standard Column
Investigations against freebies/extras being provided by various pharma and FMCG companies have been in news, of late. Recently, even banks faced investigation/notices against alleged ‘free of
Needed decisions by GST Council | Business Standard Column
The decision of the Goods and Services Tax (GST) Council to cut the rate on many items and make several changes to the laws and procedures has
GST regime brings in nearly 50 lakh new taxpayers – The Hindu BusinessLine
The Goods and Services Tax (GST) regime has seen a significant change in the assessee segmentation compared to the pre-GST era when VAT and Central
GST return forms: Draft GST return forms to be released by Monday. Here’s what to expect
Taxpayer shall be also given user friendly IT interface and offline IT tool to upload the invoices. The drafts of new forms for filing GST return will
AAR of Maharashtra rules out GST refund for post-sales discounts | Business Standard News
In a setback to the common market practice of trade discounts, the Authority for Advance Rulings (AAR) of Maharashtra has ruled out a goods and services
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