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
Category: GST
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
Ease of doing business and other silly stuff | Business Standard Column–24.04.2018
The Directorate of Revenue Intelligence (DRI) has started sending summons to a number of exporters. Asking them to appear in person before it, along with details of import made under advance
Supplier to merchant exporter can claim refund of unutilised credit | Business Standard News–24.04.2018
We are supplying to merchant exporter and charging 0.1 per cent IGST. Our ITC is accumulated. Can we file refund application on the grounds of inverted tax
demonetisation: GST roadblocks hit India’s export prospects in FY’18: PHD – The Economic Times–22.04.2018
Roadblocks such as delay in GST refunds and after effects of note ban hit India‘s export prospects in 2017-18 amid a revival in global demand mainly in key markets of
Moving on: How the E-way bill fared in the first fortnight – The Economic Times–21.04.2018
By Tejas Goenka It has been more than two weeks that the e-way bill was made compulsory for inter-state movement of goods. Given that the capacity of
Good news for traders! Single-page GST filing system to be ready in 3-6 months, confirms Finance Secretary – The Financial Express–21.04.2018
The GST Council, headed by finance minister Arun Jaitley and comprising state counterparts, last month discussed on two models of GST returns and suggested that
GST forms: Delinking of provisional credit with tax payment suggested | Business Standard News–21.04.2018
In the effort to evolve a consensus over provisional input tax credit for the goods and services tax (GST), stakeholders have asked the group of ministers (GoM) on the
Govt advances deadline for GST seller returns for April, May, June | Business Standard News–21.04.2018
The government has advanced the deadlines for filing of seller forms under the goods and services tax, GSTR-1, for April, May and June, in comparison to those
E-way Bill | GST: The complete guide to prevent and deal with seizure of goods under E-way bill–20.04.2018—–*****
The guidelines state that the person in charge of the conveyance has to carry invoice or delivery challan along with a copy of eway bill
Post eway bill rollout small road transport operators to see high complaince cost, says India Ratings & Research – The Financial Express–20.04.2018
Small road transport operators will face challenges during the transition period of e-way bill rollout as compliance cost would go up, rating agency India Ratings
Prabhu promises exporters to take up GST refund issue – The Economic Times–19.04.2018
Commerce and Industry Minister Suresh Prabhu on Wednesday assured exporters of taking up the issue of Goods and Service Tax (GST) refund with the finance
India must fully implement GST to avoid tax revenue underperformance: IMF – The Financial Express–19.04.2018
India, which has recovered from disruptions caused by demonetisation and the rollout of the GST, must fully implement the new nationwide indirect tax to avoid
Traders opting for composition scheme need not file certain details: FinMin | Business Standard News–18.04.2018
The finance ministry on Tuesday said traders who have opted for composition scheme need not file certain details in return form since the reverse charge
GoM to meet businesses, experts on GST return simplification today | Business Standard News–18.04.2018
The ministerial panel, under Bihar Deputy Chief Minister Sushil Modi, on Goods and Services Tax (GST) return simplification will meet tax experts and representatives from industry on Tuesday. As
GST to cut construction costs, not housing prices: report – Business Line–18.04.2018
Contrary to common perception, Goods and Service Tax (GST), will not bring down housing prices even though it will cut construction costs, a report released
GST regime: Compliance has improved, but still has some way to go – Business Line–18.04.2018
Nine months after the Goods and Services Tax was ushered in, taxpayers are beginning to enter the comfort zone in filing their returns. But experts
GST: Companies may have to rework salary packages to reduce GST impact – The Economic Times–16.04.2018
India Inc may have to start restructuring compensation packages or human resource benefits of employees to ensure they don’t face taxing times under the goods