By Manish Chowdhary With GST, there has been a fundamental shift in how your books are maintained. Till now in the entire tax regime, the
Category: GST
GST on under construction homes: Experts see grey spots in GST on under-construction flats–Economic Times–07.07.2017
Developers and experts find the 33% deduction from total value of an apartment towards land value as uncalled for. Indirect tax experts and real estate
GST: Perks, gifts to employees may come under GST–Economic Times–07.07.2017
India Inc may have to deal with another avatar of GST — the tax may be applicable on senior executives’ big-ticket perquisites over and above
GST refund: Govt to make provisions for reimbursement in excise-free zones | Business Standard News–07.07.2017
The Union government has moved a proposal to make a budgetary provision for refunding its share of area-based exemptions on indirect taxes given to certain
Modi govt’s 7-rate tax structure a ‘mockery of GST’, says P Chidambaram | Business Standard News–07.07.2017
The goods and services tax (GST) regime rolled out by the Narendra Modi government on July 1, with its “seven or more rates”, is a
GST masterclass answers traders’ queries: Can L&T or D’Souza register?–Business Standard–07.07.2017
Prime Minister Narendra Modi described the goods and services tax (GST) as “the good and simple tax” but traders found it difficult to register for
Traders with turnover below Rs 20 lakh will have to register for GST: Adhia–Business Standard–07.07.2017
The traders supplying goods to other states will need to register under the Goods and Services Tax (GST) even if their turnover is below Rs
Don’t let states and lobbies abuse GST–Economic Times–06.07.2017
The ongoing protest by traders in the textile hub of Surat and Ahmedabad against the imposition of a 5% goods and services tax (GST) on
GST facts: 6 important things every businessman and taxpayer should know–Financial Express–06.07.2017
The GST levy may potentially impact both manufacturing and services sector for the entire value chain of operations. Goods and Services Tax (GST) has been
Logistics sector to gain most from GST as costs will be down by 20%: Nitin Gadkari
What impact would GST have on logistics sector? Back-of-the-envelope calculations say logistics costs would come down by at least 20%. Companies could do this with
Banks see credit growth for SMEs & self-employed after GST rollout–Economic Times–05.07.2017
With detailed information on taxes and businesses now available in an electronic format, bankers believe SME and self-employed portfolio may see faster credit expansion. These
Maharashtra, Tamil Nadu raise taxes outside GST, Centre says they can–Business Standard–05.07.2017
Two state governments, Maharashtra and Tamil Nadu, have started imposing taxes outside the national goods and services tax (GST), something the Centre says they can
Keeping close watch on price, supply of goods after GST roll-out: Adhia–Business Standard–05.07.2017
As many as 175 officers of the ranks of joint secretary and additional secretary have been given the charge of four-to-five districts each to oversee
GST rollout: 3,500 helpdesks, 8,000 tax consultants emerge in 5 days–Business Standard–05.07.2017
According to various industry bodies, more than 3,500 GST helpdesks, 8,000 tax consultants, 100 helplines have all come up in the last five days. Help
What GST means for BJP–Business Standard–05.07.2017
A lot has been written about the transformational impact the roll-out of the goods and services tax (GST) will have on the Indian economy. In
GST regime: Truckers caught in twists and turns–Business Standard–05.07.2017
Not all is well with the un-organised transportation segment, mainly truck owners, post implementation of the Goods and Services Tax (GST). Three days into the
GST impact: India launched good reform in complex manner, says Economist Guy Sorman–Financial Express–05.07.2017
The new regime taxes various goods and services at 5, 12, 18 and 28 per cent, while keeping essential commodities out. India has introduced a
GST impact on prices: Centre cracks whip, says firms must first advertise hike in rates in at least 2 newspapers–Financial Express–05.07.2017
Vigilant that businesses don’t hike prices using the goods and services tax (GST) as an excuse, the government on Tuesday said firms must advertise such
ARN not mandatory for doing biz, GSTIN sufficient: GSTN Chairman Navin Kumar
Application Reference Number (ARN) should not be considered mandatory by businesses for buying goods from vendors, GST Network said today. Application Reference Number (ARN) is
Reflect price revision post GST via stickers till September 30: Government–Financial Express–05.07.2017
The clarification from the government came as several businesses were left with huge unsold inventories before the GST kicked in from July 1. Clearing the
