Burdened with greater documentation and compliance, consumer goods companies say the issue of interstate transfer of goods has not got easier with the e-way bill.
Category: GST
Move to probe builders for not passing GST benefit too harsh, say realtors | Business Standard News–19.12.2017
The proposed move by the National Anti-profiteering Authority (NAA) to investigate property developers for not passing on the benefits of lower taxes under the goods
‘GST should ideally have only two rates’ | Business Line–19.12.2017
Satya Poddar, international tax expert “The three key objectives of any tax reform are to make it simpler, more efficient and more equitable,” says Satya
After GST simplification, exports rise 30.55% to $26.19 billion in November– Business Today–18.12.2017
After a brief pause, exports rose 30.55 per cent to $26.19 billion in November on account of improved global demand, government incentives and simplification of
What is e-way bill and who will generate it? Here is all you need to know – The Financial Express–18.12.2017
In a GST Council meeting held on Saturday, the decision to implement the e-way bill mechanism throughout the country by June 1 was taken, in
GST Council approves early roll-out of e-Way Bill; here’s what it means – The Financial Express–18.12.2017
The GST Council on Saturday approved an early roll-out of the e-Way bill for the inter-state movement of goods from February 1. The GST Council,
Govt to issue notices to assessees failing to file GST returns | Business Standard News–18.12.2017
Toughening its stand on goods and services tax (GST) defaulters, the government has asked officers to send notices to assessees who have failed to file
Wrong way | Business Standard Editorials–18.12.2017
A key promise of the goods and services tax (GST) regime, which was put in place on July 1, was to promote efficiency, and reduce
Behind GDP bounce | Business Standard Column–18.12.2017
It is now generally believed that economic growth has bottomed out. It reached a trough of 5.7 per cent in the first quarter of 2017-18,
GST: What is treatment for supplies made within the warranty period? | Business Standard News–18.12.2017
What is the difference between cross-charge and distribution of credit by an input service distributor? Cross-charge implies a situation wherein one entity incurs certain expenses
GST–Empowered committee of state FMs should be dissolved: Sushil Modi Business Standard News–18.12.2017
The Empowered Committee of State Finance Ministers was constituted to harmonise discussion and decision making on indirect taxes. Among its heads has been Sushil Kumar
States face revenue shortfall of ₹39,111 crore from GST: Mitra | Business Line–15.12.2017
Four months after the rollout of the Goods and Services Tax, States are facing a revenue shortfall of over ₹39,000 crore even as solutions are
GST Council to meet tomorrow; discuss roll out of e-way bill – The Financial Express–16.12.2017
The all-powerful GST Council will meet tomorrow to discuss early implementation of e-way bill as well as ways to plug tax evasion. Headed by Finance
Govt ignored warnings from private companies over GST rollout: Sources | Business Standard News–16.12.2017
The Indian government ignored several warnings from private companies that the complex technology required for a nationwide goods and services tax (GST) to work smoothly
MRP: Govt may allow pre-GST stocks to have revised MRP stickers till March – The Economic Times–13.12.2017
The government is expected to allow use of stickers to display revised maximum retail price (MRP) on unsold pre-GST stocks for three months until March
Errant taxpayers may face audit – The Financial Express–13.12.2017
The taxpayers can revise their credit claims till December 27 in the same form, the government said. The government on Wednesday warned that the taxpayers
GST collection in November seen at lower than Rs 83,000 cr in October; errant taxpayers face crackdown – The Financial Express–13.12.2017
Saddled with a massive amount of unverified input tax credit (ITC) claims from the taxpayers, the government fears that the goods and services tax (GST)
FinMin picks holes in input tax credit claims under GST | Business Line–13.12.2017
Taxpayers told to revise such erroneous claims by December 27 It’s official now. The Finance Ministry has concluded that several businesses have claimed high transitional
YV Reddy: Ex-RBI Governor YV Reddy sees GST, note-bank shocks lasting for two more years – The Economic Times–11.12.2017
Refusing to hazard a guess on GDP growth in the short-term given the “shocks” like GST, note-ban and the mountain of bad loans, former Reserve
Modi government’s split personality | Business Standard Column–09.12.2017
As befits an ageing journalist, I usually have an explanation for everything. But one aspect of the Modi government has completely flummoxed me. This is