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,
Category: GST
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
Aim is to move towards three-tier GST: Bibek Debroy | Business Standard News–09.12.2017
The ultimate goal of the goods and services tax (GST) is to move towards a three-tier tax structure, said Bibek Debroy, Chairman of the Prime
Power must come under GST; Here is why, how and when – The Financial Express–08.12.2017
Unrebated taxes on power Will lead to increased costs and lower margins by 1-3% for several industries, eroding competitiveness and undermining Make-in-India As the Goods
Complications in GST anti-profiteering rules | Business Standard News–08.12.2017
The official form for making complaints under the anti-profiteering mechanism in the goods and services tax (GST) regime defeats the purpose — to help consumers
Impact of GST on real estate–Times of India–08.12.2017
Albeit GST in real estate is welcome move, however, lack of its effective implementation in true essence and spirit as provided under the scheme of
Putting electricity in GST | The Indian Express–09.12.2017
As the Goods and Services Tax (GST) overcomes the transitional implementation challenges, it is time to look ahead to further improving it. The impact of
GST: Anti-profiteering: Filing complaints against firms not an easy task – The Economic Times–07.12.2017
Are you upset over your favourite restaurant raising prices after reduction in goods and services tax (GST) or some retailer continuing to charge pre-GST rates
GST Law Panel submits recommendations to Adhia, suggests changes | Business Standard News–07.12.2017
The Goods and Services Tax (GST) Law Panel on Wednesday put forth its suggestions to Revenue Secretary Hasmukh Adhia, suggesting around 100 major changes in
Paying your taxes honestly? How GST data may be used to track tax evaders | Business Standard News–07.12.2017
With GST, it may now be tough to evade the taxman. Finance secretary Hasmukh Adhia said on Tuesday that goods and services tax (GST) will