With the upcoming budget being the first after GST, there is pressure on the government to take up legislative reforms to ensure effective implementation. Apart
Category: GST
Tax payer: GST base is set to cross one crore mark – The Economic Times–12.01.2018
While the base has increased, a bulk of the registered taxpayers are paying zero tax, indicating that they have no liability. Taxpayers for goods and
Pursue the GST data to boost tax revenue–Economic Times–12.01.2018
India’s net direct tax collections reportedly grew by 18.2% in April-December 2017 from a year ago, with advance tax payments in December adding substantially to
Panel against including all services in GST composition scheme – The Financial Express–12.01.2018
A government-appointed committee has recommended against inclusion of all services, barring restaurants, under the ambit of composition scheme in the Goods and Services Tax (GST)
Businesses and tax experts still face problems in returns on GSTN | Business Standard News–12.01.2018
Businesses and tax experts continue to complain about problems faced in supply returns under the goods and services tax (GST) on the GST Network portal.
GST–Tough task | Business Line–11.01.2018
The anti-profiteering authority may find it challenging to make its cases stick One of the main planks on which the Modi government ushered in the
There are gains from GST, not all of which have been realised: T C A Anant | Business Standard News–10.01.2018
A few days after Advance Estimates (AE) showed that the expansion in gross domestic product (GDP) is set to decline to a four-year low of
GST and anti-profiteering: Industry must pass on benefit to consumers, but authorities too must take a big step – The Financial Express–09.01.2018
In a letter to large FMCG companies, the chairperson of the CBEC pointed out that in addition to these measures being a legal requirement, industry
Three rates better than one flat rate in the goods and services tax | Business Standard Column–09.01.2018
After the Prime Minister (PM) made a strong case against a flat rate in the goods and services tax (GST), the debate has assumed more
Don’t resort to knee-jerk reaction: Assocham to govt on GST slip | Business Standard News–09.01.2018
Industry body Assocham has cautioned the government against resorting to a “knee-jerk” reaction to deal with slippage in GST collections, and said those revenues would
GST: Anti-profiteering complaint form is expected to become simpler | Business Standard News–09.1.2018
Filing complaints against companies for not passing the benefits of tax reduction under the goods and services tax (GST) regime is expected to become simpler.
New confusion in GST’s many rules | Business Standard Column–09.01.2018
The finance ministry’s new year gift is a notification reducing the Goods and Services Tax (GST) rate for manufacturers under the composition scheme, from two
Goods import: Will payment to an agent for Customs duty attract GST? | Business Standard News–09.01.2018
I intend to import goods from outside India. Will payment to a Customs house agent (CHA) for Customs duty attract goods and services tax (GST)?
Implementing anti-profiteering norms will be a challenge, says CII | Business Line–08.01.2018
With the National Anti-Profiteering Authority being established, the Confederation of Indian Industry has called for greater clarity on rules to curb price increase due to
GST: Firms looking for a way to change their GST officials – The Economic Times–06.01.2018
As the government assigned GST assessing officers from a combined pool of erstwhile Sales Tax, Excise and Value Added Tax (VAT) officers, many companies are
GST: GST raid on jewellers: Government begins crackdown as tax mop-up slips–06.01.2018
Suspecting large-scale evasion, the government has got into action as collection of Goods and Services Tax is declining. In the first case of its kind
Demonetisation, GST effects: GDP growth seen at 4-year low of 6.5% | Business Standard News–06.01.2018—–*****
Economic growth in 2017-18 is estimated to slow to a four-year low of 6.5 per cent, against 7.1 per cent in 2016-17. This will be
Top firms get GST notices on credit claims; replies sought within hours | Business Standard News–06.01.2018
Goods and services tax (GST) officers sent notices to hundreds of companies across Gurugram, Mumbai and Bengaluru on Friday, demanding they reply with exhaustive lists
GST–Do not rush to alter set GST deadlines–Economic Times–05.01.2018
Tax officials will reportedly start the process of matching returns and invoices under the goods and services tax (GST), after it had been announced that
GST–Why benefits of e-way bill must be contrasted with its disruption – The Financial Express–04.01.2018
Given how companies are yet to come to grips with GST, the planned launch of the e-way bill for inter-state shipments from February 1 is
