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
Category: GST
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
GST: Taxing times – Circular No.42–Business Line–01.05.2018
Circular 42 has created more doubts Having absorbed the erstwhile Central Excise, Service Tax and VAT laws into its fold, the GST laws had to
Easing the burden: No filing of returns in new GST model – The Financial Express–30.04.2018
The system could allow the buyer to lock the invoice after which seller can’t edit/delete it, making it a confirmed liability of the seller. In
Resetting the GST paradigm | Business Standard Column–26.04.2018
The roll-out of the countrywide goods and services tax (GST) from July 2017 was expected to favour the consuming states more than those with heavy concentration of
GST jigshaw: Why E-way bill is a vital piece of the puzzle – The Financial Express–24.04.2018
An integral part of achieving the ‘no tax evasion’ objective of the goods & services tax (GST) has been the prescription of a requirement for