The Narendra Modi government is starting to carry out course-correction measures aimed at plugging the adverse effects of its fight against black money and a
Category: GST
The unintended consequences of GST – The Hindu–08.10.2017
It has wreaked havoc on the informal sector. Do we have a plan to deal with this? A lot of dust has been kicked up
GST council meet: Here’s what got cheaper and other major announcements – The Economic Times–07.10.2017
The GST council today announced major cuts in taxes of various items and announced various measures to support exporters and small businesses, three months after
GST: Three months on, GST now good for small traders – The Economic Times–07.10.2017
The GST Council raised the composition scheme threshold to Rs 1 crore from Rs 75 lakh, allowed smaller businesses with a turnover of up
E-commerce companies need not collect tax at source till April – The Economic Times–07.10.2017
The government has decided to defer a goods and services tax provision that requires ecommerce companies to collect tax at source while making payment to
Taking the sting out of compliance–Economic Times–07.10.2017
The positive aspect of the changes that the Goods and Services Tax (GST) Council has made and the finance minister announced on Friday is that
GST decision: GST Council decisions provide relief to SME sector: India Inc – The Economic Times–07.10.2017
India Inc today welcomed the outcome of the GST Council meet and said the decisions will improve compliance and provide much needed relief to the
GST: Composition scheme extended to Rs. 1 cr, quarterly returns for taxpayers with turnover of Rs 1.5 cr – The Economic Times–07.10.2017
To bring simplicity and to reduce the compliance cost for the small taxpayers, the GST Council in its 22nd meeting has decided to allow taxpayers
GST Council meeting: Full text of recommendations made by panel today – The Financial Express–07.10.2017
More than three months after the Goods and Services (GST) was introduced, the GST Council made a number of big changes today, to give some
GST: MSMEs worst hit as GST glitches delay input credit refunds – The Economic Times–06.10.2017
Transition to the Goods and Services Tax (GST) regime will significantly affect companies with weak credit profiles, especially small units, due to lingering short-term liquidity
Double taxation happening under GST, says ICAI – The Financial Express–06.10.2017
Under GST, if a taxable person procures goods or services from an unregistered person, the recipient is liable to pay tax under RCM, which, ICAI
Cut GST compliance burden; here is why GST Council must act fast – The Financial Express–05.10.2017
The fact that the extended October 10/20/31 deadlines given for filing pertains to the returns for July makes it clear the problems being faced by
RBI on GST: Adverse impact on manufacturing, may delay investment revival | Business Standard News–05.10.2017
The implementation of GST had an adverse impact on manufacturing and may delay investment revival, the Reserve Bank said on Wednesday while hoping that there
GST anti-profiteering body: Government to examine contours tomorrow – The Financial Express–04.10.2017
The Union Cabinet is likely to approve setting up of the anti-profiteering authority under the Goods and Services Tax (GST) regime tomorrow. Prime Minister Narendra
GST: Govt, GST Council open to reconsidering decisions: Revenue Secretary Hasmukh Adhia – The Economic Times–03.10.2017
“One must not forget that prior to GST, industry had to comply with 10 different taxes. But, if we find any practice that’s not taxpayer
The government must not wait for single GST rate of about 14 per cent–Economic Times–03.10.2017
The government’s willingness to converge the goods and services tax (GST) rates and make compliance easy for smaller taxpayers is welcome. Fewer, convergent rates would
GST composition scheme takes a quantum leap | Business Standard News–03.10.2017
Availing of the benefits of a flat tax rate and easier compliance, the number of businesses opting for the composition scheme under the goods and
Towards good and simple | Business Standard News–03.10.2017
Finance Minister Arun Jaitley has hinted that the goods and services tax (GST) regime could be further rationalised once the indirect tax structure becomes revenue-neutral.
The oil in the machine | Business Standard Column–02.10.2017
Everyone says the Indian economy is in crisis. Everyone is also agreed that bad policy, on the one hand (demonetisation), and bad practice, on the
GST puts a premium on honesty, will take steps to address concerns of SMEs: Revenue secretary – Times of India–02.10.2017
Highlights The short-term transition pain will have to be absorbed by all of us, Adhia said The Council will address the issue of blockage of