The CBEC justified the move on the grounds that the verification exercise can only be done by the tax authority. Concerned over what it perceives
Category: GST
GST–Absence of GST refund mechanism hits gold demand from tourists, NRIs – The Economic Times-203.03.2018
Foreign tourists and NRIs visiting India are not investing in gold jewellery like before as there is no mechanism to refund the GST on their
GSTN data: GSTN data may be used to reach out to MSMEs – The Economic Times–20.03.2018—–*****
The government is working on structuring a two month programme, leveraging data captured by the GST Network, to apprise small businesses of the schemes it
Narendra Modi: India’s net exports not doing well: Bibek Debroy – The Economic Times–20.03.2018
India’s net exports are not doing well even as the global economy is on the recovery path, Bibek Debroy, the head of Economic Advisory Council
HC seeks govt response on plea challenging a GST rule – The Economic Times–19.03.2018
The firm, Tara Chand Saluja and Sons, has contended in its plea that the GST Rule 117 cannot restrict the right provided under the GST
PwC suggests timebound dispute resolution under GST – The Financial Express–19.03.2018
One-time dispute resolution schemes were introduced under the erstwhile regime, but industry has been rigid about adopting such measures for various reasons, PwC said in
Only 16% of initial GST returns filed for July-Dec matched with final returns – Times of India–19.03.2018
Highlights 34% of businesses paid Rs 34,400 crore less tax between July-December while filing initial summary return Initial returns filed and taxes paid by just
India’s GST among most complex in world, and it is 0% tax rate that is hurting the idea – The Financial Express–17.03.2018
India’s GST regime with “higher tax rates and a large number of tax slabs” is one of the most complex among 115 nations with a
GST collection to cross Rs 90k cr a month from April: CBEC – The Financial Express–17.03.2018
The collection of Goods and Services Tax (GST) will see buoyancy from April onwards and will cross Rs 90,000 crore per month, a top official
GST one of the most complex, has second highest tax rate: World Bank report | business news | Hindustan Times–15.03.2018
The goods and services tax (GST) implemented by the Narendra Modi government from 1 July last year is one of the most complex with the
Don’t cut corners on India’s defence needs | editorials | Hindustan Times–15-03-2018
It is a rare display of displeasure by the country’s armed forces. In a report presented to Parliament on Tuesday, the Standing Committee on Defence
Why delay fixing GST? Not being able to simplify returns even now unfortunate – The Financial Express–14.03.2018
Nine months into the Goods and Service Tax (GST), the process of filing returns hasn’t been made any simpler. This is surprising as the revenue
CGST Act disallows input tax credit for nine entries, but exceptions exist | Business Standard News–14.03.2018
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
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
