Q. For which goods and services is input tax credit (ITC) not permitted? Section 17(5) of the Central Goods and Services Tax Act, 2017 lists
Category: GST
Anti-profiteering body of GST sharpens vigil–Deccan Herald–14.03.2018
Fast Moving Consumer Goods (FMCG) companies, restaurant chains and even some automakers are under the lens of the anti-profiteering authority on the Goods and Services
GST–More to fix – Business Line–14.03.2018
Against expectations, the 26th meeting of the GST Council held on March 10, turned out to be a very short one with the Council taking
GST : Amendments in e-way bill to tackle supply-chain issues: Report – The Economic Times–13.03.2018
Amendments in the e-way bill by the government recently will significantly address concerns of e-commerce logistics, courier and cargo companies, a report said today. The
Imports– ‘GST evasion taking place via black marketing, undervaluing imports’ – The Economic Times–13.03.2018
Less than nine months into the GST regime, revenue authorities have detected rampant tax evasion through black market and under-valuing of imports. Big data analytics
GST: The Rs 34,000 cr GST riddle: Why the differences in GSTR-3B and GSTR-1 should not alarm the Government–13.03.2018
By Archit Gupta The GST Council in its meeting on March 10 decided to continue with relief for exporters, defer reverse charge mechanism as well
To tackle evasion, officials propose checks in GST return filing system – Business Line–12.03.2018
Worried about tax evasion under the Goods and Services Tax (GST), officials are keen that the new returns filing system should ensure that the tax
It is good government is rolling out E-Way Bill in a staggered manner: Sachin Menon, KPMG – The Economic Times–11.03.2018
Talking to ET Now, Sachin Menon, Head of Indirect Tax, KPMG, says even in cases where the system is working, officers are sitting on the
No decision on GST return simplification, E-Way bill to be implemented from April 1 – The Economic Times–11.03.2018
The 26th GST Council meeting on Saturday failed to come up with any conclusive simplification process after deliberating on two models and has now postponed
GST Council defers e-Wallet by 6 months, current system of tax exemptions for exporters to continue – The Economic Times–11.03.2018
The 26th GST Council meeting on Saturday decided to defer the implementation of the e-Wallet scheme by six months and exporters presently availing various export
GST Council Meet: E-way Bill to be rolled out from April 1 – The Financial Express–11.03.2018
The GST Council has approved the roll-out of the E-way Bill from April 1 for the interstate transportation of goods. At the 26th GST Council
GST: Simplifying GST returns: How the removal of ITC payment linkage will benefit SMEs–Economic Times–09.03.2018—–*****
By Tejas Goenka The Goods and Services Tax (GST) was introduced with effect from July 1, 2017. GST replaces different taxes and also aims at
GST Council’s Saturday meet to sort out filing, E-Way Bill issues – Business Line–09.03.2018
The Centre and States are set to iron out the wrinkles in the Goods and Services Tax including a simplified return filing process and the
GST’s self-policing steps should be restored – Business Line–09.03.2018—–*****
The GST Council should implement invoice matching, reverse charge mechanisms and e-way bill at the earliest The earlier indirect tax regime has been almost scrapped;
GST–e-way bill: Governent eases norms for e-way bill generation – The Economic Times–09.03.2018
The government has made some changes to the e-way bill rules to further simplify the procedure for movement of goods under the Goods and Services
GST: E-way bill must for intra-state goods movement from June 1 – The Economic Times–07.03.2018
All states shall have to compulsorily implement the national e-way bill system for intra-state movement of goods by June 1, the government said on Tuesday.
Cash signals: Trend reversion questions formalisation of the economy after DeMo and GST – The Financial Express–07.03.2018—–*****
A complete parallel economy now perhaps operates off the radar and in cash; one counterpart of this may be the believed underreporting of transactions under
E-way bill’s failure has led to chaos as states come out with their own rules–Business Today–06.03.2018
Harpreet Singh, Partner, Indirect Taxes, KPMG India, was on a post-Budget panel at a TV channel after the finance minister’s Budget speech on February 1.
Expedite GST refunds to all exporters: Make interim payments, tally and settle later–Economic Times–04.03.2018
At a time when the world is experiencing a rare bout of coordinated growth in the developed and emerging economies, India’s export has been lethargic.
The Indian Economy Limbers Up-Minhaz Merchant – BW Businessworld–02.03.2018
As the BJP and Congress internalise the lessons of the 2017 Gujarat assembly election, two questions arise. First, how will Prime Minister Narendra Modi calibrate