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
Category: GST
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
GST: Chaotic tax overhaul bad news for truckers, cross-border trade | Business Standard News–04.01.2018
Post-GST, over 20 states have done away with the check post which has reportedly reduced transit time of transportation by 30-40 per cent. But industry
Pre-GST credits soar to Rs 90,000 cr – The Financial Express–03.01.2018
The higher-than-expected utilisation of input tax credits, including the transitional credits, has been cited by the government as one of the reasons for the sharp
Arun Jaitley rules out one GST rate for all items | Business Standard News–03.01.2018
The government on Tuesday ruled out having a single rate for all commodities under the Goods and Services Tax (GST) saying items like food products
GST Returns: Government relaxes norms for rectification of returns under GST – The Economic Times–02.01.2018
The Finance Ministry has permitted businesses to rectify mistakes in their monthly returns – GSTR-3B – and adjust tax liability, a move that will help
Tax compliance: The invoice of reason–02.01.2018
By Najib Shah The tax gap — the difference between what ought to be collected as tax revenue and what actually is collected — has
GST, a tumultous ride through 2017; from launch to allaying taxpayers’ concerns, all you need to know – The Financial Express–02.01.2018
After spending nearly a decade in the workshop, the Goods and Services Tax (GST) completed six months of existence by 2017-end. However, the new indirect
GST 2.0: If 18 pct and 12 pct baskets merge, it would be transformative for economy – The Financial Express–02.01.2018
GST 2.0: If 18 pct and 12 pct baskets merge, it would be transformative for economy The year 2017 will be forever etched in Indian
GST refund woes bite exporters | Business Standard News–01.01.2018
Non-payment of tax refunds and last-mile procedural glitches have continued to be the biggest bane of exporters in the new tax regime. The issues have
Six months on, GST still a work in progress | Business Standard News–01.01.2018
The GST Council made a number of course corrections involving the rate structure, making life easier for SMEs, altering the timelines of the e-way Bill and
