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
Category: GST
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
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