Mumbai-based Authority of Advanced Ruling (AAR) for the goods and services tax (GST) has held that payment made on account of ‘liquidated damages’ will attract
Category: GST
GST: Deadline for filing April GSTR-3B return extended by two days – Business Line–19.05.2018
The last date for filing of return in Form GSTR-3B for the month of April has been extended by two days. Taxpayers can now file
Free banking services out of GST net: FinMin official – Business Line–16.05.2018
Free banking services like cheque book issuance and ATM withdrawals is likely to remain out of the ambit of the GST, a senior finance ministry
GST: Here is an analysis of what judicial orders mean for businesses | Business Standard Column–14.05.2018
Since the roll-out of the GST regime in July last year, for businesses the transition to the new indirect tax regime has been a roller coaster ride.
No consensus on GST concession for digital payments – Business Line–12.05.2018
The Group of State Finance Ministers, which met here on Friday to decide on providing a 2 percentage point concession in the GST rate for
GST–Keep it good and simple – Business Line–12.05.2018
When the Goods and Services Tax was introduced on July 1, 2017, 16 cesses were abolished, to make the new tax structure cleaner. Prime Minister
GSTR1, e-way bills data to be matched to curb tax evasion – Business Line–11.05.2018
To curb tax evasion, authorities will start matching details given in the Goods and Services Tax Return (GSTR) Form Number 1 with those given in
Exporters demand GSTN, NSDL online linkage for GST refunds–Business Today–10.05.2018
The Export Promotion Council for EOUs & SEZs, has sought a linkage between the Goods and Services Tax Network (GSTN) portal and the NSDL portal,
Will employee reimbursements attract GST?- Business News–Business Today–10.05.2018
The introduction of the GST has been the source of confusion over taxes in many different sectors, but salaried employees have largely remained unaffected. However,
GST scrutiny: You don’t even have 0.77999999999883585 chance to escape GST scrutiny–Economic Times–10.05.2018
The promise of the Goods and Services Tax (GST) to bring clarity has finally started showing. As GST officers unleash the force of data analytics, no discrepancy or mismatch
e-way bill: E-way bill: All you need to know & experiences of the first month – The Economic Times–10.05.2018—–*****
By Anita Rastogi India has just announced the launch of another major reform under the GST regime. After an aborted attempt in February, the government has finally
GST: Jump in notices issued over mismatch – The Financial Express–10.05.2018
The tax department’s soft approach towards non-compliance under the GST may be coming to an end as the indirect tax regime enters into the new
New GST returns may remove the leeway given to companies with less than Rs 1.5 cr turnover – Business Line–08.05.2018
This guideline will, however, help the system move towards invoice matching, which can check tax evasion The new single-page return and the transition process approved
GST–: Now, transfer of commercial tenancy rights put under GST – The Economic Times–04.05.2018
In what has implications for commercial rental space and businesses in general, the government has said transfer of tenancy rights is a service liable to
E-way Bill: Digital copy of E-way bill enough to give transporters right of way: Court–Economic Times–04.05.2018
Tax authorities cannot seize goods just because they-’re not accompanied by a physical copy of the electronic way bill (eway bill), the Allahabad High Court said in
1 trillion GST mop-up, not enough! Here’s why Modi’s worry is far from over – The Financial Express–04.05.2018
For the first time, the GST collection in the month of April surpassed a whopping Rs 1 lakh crore mark, which Finance Minister Arun Jaitley dubbed “a
GST–Firms to challenge input tax credit notices, revenue department’s stand | Business Standard News–04.05.2018
Some of the companies that have received notices to reverse input tax credit in service tax are planning to challenge the revenue department’s stand at the commissioner
GST@1 lakh crore: No need to get over excited as financial years end with higher collections, says Vanaja Sarna, CBEC – The Economic Times–02.05.2018
GST collections have crossed Rs 1 lakh crore for the first time. Is this a big sigh of relief and what part of the GST
GST: GST Revenue collection for April 2018 exceeds Rs 1 lakh crore–Economic Times–02.05.2018
The total revenue collection under the Goods and Services Tax (GST) regime rose to Rs 103,458 crore during April 2018, official data showed on Tuesday.
GST woes: Why patience shall pay; adjustments in India happening faster than they did elsewhere – The Financial Express–02.05.2018
Recent economic news headlines signal a strong optimism relating to the Indian economy being on the upswing. Last week, the IMF, at its annual Spring
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