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
Category: GST
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
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
Draft GST return forms ‘will be released for public comments by Monday’ – NEWS – The Hindu BusinessLine
The draft of the new simplified GST return form will be out early next week. The government proposes to seek stakeholders comments before finalising the
GST Council approves setting up of appellate tribunal – The Economic Times
Industry has been awaiting creation of the appellate forum as the GST regime completes one year. A Goods and ServicesNSE 0.03 % Tax Appellate Tribunal (GSTAT) will
MSME Sector: GST Council to take up further relief – The Financial Express
The Goods and Service Tax Council would exclusively consider issues related to micro, small and medium enterprises (MSME) taxpayers at its 29th meeting scheduled for
e-Way bill to pack in details of vehicle fitness, PUC, insurance – Business Line
The e-Way bill, which currently gives only details of the value of goods being transported, may be packed with more data — for instance, on
GST takes sheen off under-construction properties – Business Line
Goods and Service Tax (GST) has pulled down sales of under-construction properties by 30 per cent since the new tax regime was implemented last July.
Fine-tuning GST – Business Line
The GST Council’s decision to reduce rates on 15 items from 28 per cent to 18 per cent makes economic sense, and therefore should not
Right move, wrong way | Business Standard Editorials
The Goods and Services Tax Council took a series of decisions on Saturday last week, which were all steps in the right direction. The most
Amazon, Flipkart among e-tailers under investigation for collection of extra GST after November 15 rate cuts – The Financial Express
The indirect tax department’s audit division is investigating scores of cases where major e-commerce operators like Amazon and Flipkart are suspected to have collected excess goods and services tax
Draft changes to GST regulations | Business Standard Column
The central government has put in the public domain all draft amendments to the goods and services tax (GST) laws. After due consideration and approval by the GST Council,
GST: Government’s customer focus | Business Standard Column
As the first year of GST was completed, many articles appeared on the first year’s performance or lack of it. One matter that perhaps remains to be
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