The new indirect tax regime is having the effect akin to setting a cat among pigeons for thousands of micro and small businesses across the
Category: GST
GST has a good start but communication infrastructure must work all the time–17.07.2017
The ongoing transition of the country’s indirect taxes, other than Customs, to a goods and services tax has so far been relatively smooth, not dismissing
GST impact on companies: What it will take for companies to reap gains – The Financial Express–17.07.2017
The Goods and Services Tax (GST), a radical step towards the country’s transformation into a common market, became a reality at the stroke of midnight
GST: Is CST paid on closing stock eligible for input tax credit? | Business Standard News–17.07.2017
I purchase goods from outside the state but sell these within the state. My annual turnover is less than Rs 20 lakh. As I understand,
Businesses can upload sale, purchase invoices on GSTN portal from July 24 | Business Standard News–17.07.2017
Businesses can start uploading their sale and purchase invoices generated post July 1 on the GSTN portal from July 24, a top company official said
GST: Why composition levy scheme confounds small business | Business Standard Column–17.07.2017
The National Capital Region (NCR), one of the biggest markets in the country, spanning three states — Delhi, Haryana, Uttar Pradesh — typifies the challenges
GST: SOHO economy wakes up to new reality | Business Standard Column–17.07.2017
Vikas Kumar, a freelance writer and content producer, who operates solo out of his home in Delhi, is a worried man. In a LinkedIn post,
Padding up for GST: A look back at some key lessons learnt, mistakes made | Business Standard Column–17.07.2017
A company executive said that it was a touch-and-go situation: “Many businesses like us could not complete the trial testing of software because we were
GST impact: Small and medium firms grapple with big issues | Business Standard News–17.07.2017
A fortnight into the goods and services tax (GST), small and medium dealers and manufacturers are grappling with issues of the new indirect taxation system.
GST impact: No GST on second-hand goods if sold cheaper–16.07.2017
The buying and selling of second-hand goods will not attract Goods and Services Tax (GST) if sold at a price cheaper than the purchase price,
GST: Why being GST-compliant can actually increase your creditworthiness–16.07.2017
By Aditya Kumar Goods & Service tax aka GST, is often dreaded and misunderstood. The confusion simply does not seem to go away. In this
Profit on resale of used and empty bottles to attract GST | Business Line–16.07.2017
Dealers in the business of old and used empty bottles will have to pay the Goods and Services Tax levy on second hand goods. The
‘Post-GST, the period of normalisation at check posts could be long’ | Business Line–16.07.2017
As the goods and services tax (GST) regime took off from July 1, implementation of the e-way bill provision will prove to be a tough
GST to severely dent liquidity of exporters: FIEO – The Financial Express–15.07.2017
The initial procedural and software glitches of Goods and Services Tax have smoothen a lot, Calcutta Freight Brokers Association said today. “Initially, there were lot
No action against lawyers, law firms for GST non-compliance, rules Delhi HC | Business Standard News–15.07.2017
The Delhi High Court has directed the Centre not to take any coercive steps against lawyers and law firms for not registering or complying with
When you get the GST blues | Business Standard Column–15.07.2017
In all these years that I have been in business in Santiniketan, the tax regime has been one that exempted handicraft and handloom producers from
e-way bill: GST: Government bets big on tech to ensure e-way bill does not bring back inspector raj–Economic Times–14.07.2017
The proposed e-way bill for moving goods within the country would rely heavily on technology, employing RFID chips and QR codes, to ensure that monitoring
GST: Sale of old gold jewellery will not attract GST on exchange–Economic Times–14.07.2017
The sale of old gold by individuals for a consideration won’t attract the goods and services tax, the finance ministry clarified, providing respite to people
SMEs: Register with GSTN without fear: Kalraj Mishra to SMEs–Economic Times–14.07.2017
MSME Minister Kalraj Mishra on Thursday said small and medium enterprises need not fear Goods and Services Tax, and they should register themselves with GST
GST impact: GSTIN not necessary if exempt goods imported or exported – The Financial Express–14.07.2017
Importers and exporters of goods, that are exempted from GST, do not need to obtain a GST registration number and can clear their consignments by