Businesses have flocked to the GST Network portal on the last day of filing initial returns for August with over 80,000 GSTR-3B being uploaded every
Category: GST
GST Council: No GST on packaged food products if rights foregone on brand – The Economic Times–21.09.2017
Packaged food products will not face goods and services tax at the rate of 5% if the manufacturer declares to voluntarily forego any actionable claim
GST TRAN 1: September 28 or October 31? Confusion over last date to file GST TRAN 1 stumps taxpayers – The Economic Times–21.09.2017
To summarize, in absence of extension of first filing deadline of TRAN 1 it needs to be filed by September 28t and the same can
2.2 mn GST returns filed till 6 pm, deadline ends midnight | Business Standard News–21.09.2017
Nearly 2.2 million GST returns have been filed, so far, for August as businesses flocked the GSTN portal to submit their returns on Wednesday —
Advance tax payout by top cos grows just 2% in Sept quarter | Business Line–21.09.2017
Uncertainty in GST hits mop-up The advance tax paid by top Mumbai-based companies in the September quarter has gone up by just two per cent
‘Chunk of GST claims ineligible for refunds’ – The Hindu–21.09.2017
A “large part” of the ₹65,000 crore of transitional credit claims received by the government under the Goods and Services Tax regime are ineligible for
Arun Jaitley: Modi government finds a fix for India’s big economic worries; remedial measures likely soon – The Economic Times–20.09.2017
The government may soon unveil a package of measures to speed up growth, generate employment, lift exports and step up investment in infrastructure. A broad
GST disruption grossly underestimated, here’s why India needs simple rule not this ‘imperfect structure’ – The Financial Express–20.09.2017
The disruption caused by the implementation of the GST has been grossly underestimated. While trade and industry are limping back to normalcy, the jury is
GST a tectonic shift, takes India closer to 8% plus growth: World Bank – The Financial Express–20.09.2017
World Bank India chief Junaid Ahmad today described GST as a “tectonic shift” in the country’s taxation policy which has increased the possibility of 8
Fast-track GST refund, else Rs 65,000 cr may be stuck: Exporters ask government – The Financial Express–20.09.2017
Council for Leather Exports Vice Chairman P Ahmed said that exporters are faced with challenging times due to GST and need immediate refund of taxes.
Five common issues which users of GST Network face while using the portal – The Financial Express–20.09.2017
Even as the government looks to resolve the glitches of the GST Network, dealers using the network continue to grapple with technological issues on the
More input tax credit claims on pre-GST stocks to raise govt woes | Business Standard News–20.09.2017
Another set of claims of input tax credit on stocks from the period before the introduction of the goods and services tax (GST) is likely
Glitches galore in filing returns under GST | Business Standard News–20.09.2017
Filing returns through the GST portal has been a tedious exercise for many. The first of a two-part series looks at the challenges and the
Tweak GST rules or exports will suffer: Industry tells Adhia | Business Standard News–20.09.2017
A severe slowdown in foreign orders, combined with a growing liquidity crisis, may get out of hand by the year-end if rules of export under
‘या’मुळे हे सरकार जीएसटीमध्ये पेट्रोल, डिझेलचा समावेश करत नाही! | लोकसत्ता –२०.०७.२०१७
‘अच्छे दिना’ची आस लावून बसलेली देशभरातील जनता पेट्रोल आणि डिझेलच्या दरवाढीमुळे हैराण झाली आहे. आंतरराष्ट्रीय बाजारात कच्च्या तेलाचे दर कमी झाल्याने पेट्रोल, डिझेलचे दर कमी
GST: When does a service provider need to register across multiple states? – The Economic Times–19.09.2017
By MS Mani If you are a service provider with operations in only one state, GST is going to be excellent because without too much
Modi govt eyes spending cuts as GST hits tax collection | Business Standard News–19.09.2017
India could be forced to cut spending on key infrastructures such as railways and highways as lower-than-expected tax collections and sluggish growth have upset the
GSTN reopens window for composition scheme – The Economic Times–18.09.2017
Taxpayers were earlier given time until August 16 to opt for composition scheme. The GST Network (GSTN) today said it has reopened the facility for
Dharmendra Pradhan’s Chakravyuha | Business Standard Column–18.09.2017
Petroleum Minister Dharmendra Pradhan is under intense political pressure. He is being asked to reduce retail prices of petrol and diesel, which have now risen
A great churning | Business Standard Column–18.09.2017
High- and low-productivity firms manage to coexist in India when low-productivity firms cheat on compliance. To the extent that a sound GST improves compliance, many