The Centre has reportedly favoured a pause in further rate cuts on the goods and services tax (GST) due to the revenue shortfall, estimated at
Category: GST
GST Council shows maturity | Business Standard Editorials
The latest meeting of the national council, which steers the implementation of the goods and services tax, or GST, moved forward on certain issues of
GST concession but only halfway | Business Standard Column
Last week, the Union finance ministry issued several notifications, giving effect to decisions of the Goods and Services Tax (GST) Council at the latter’s 28th meeting. One of these,
Rs 40,000 crore GST shortfall pauses rate cuts for now – Times of India
Facing a shortfall of over Rs 40,000 crore in goods and services tax collection, the Centre on Saturday suggested that there was a need to pause on
GST Return: Key highlights of the draft simplified form & what to expect
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
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
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