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
Category: GST
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
Your GST checklist–Business Line–05.07.2017
Responsibilities of a GST-registered firm GST is a procedure-driven system where timely and accurate compliances are necessary. We list important actions you should keep in
GST–Selling online–Business Line–05.07.2017
Booming business Online shopping has become a way of life for over 50 million Indians, a number that is expected to scale to 175 million
GST regime: E-commerce firms want clarity on e-way bill for return cargo, ask vendors to become compliant–Business Line–05.07.2017
No process is defined for handling return cargo in e-commerce for the e-way bills under GST Future Supply Chain considers linking payment to compliance Staring
Govt warns retailers against profiteering on GST transition–Business Lines–05.07.2017
Firms get time till Sept 30 to fix stickers with post-GST price Niggling problems in the transition to the Goods & Services Tax regime continued
GST software for SMEs–Business Line–05.07.2017
Online business services platform IndiaFilings launched cloud-based Good and Services Tax accounting software LEDGERS for small and medium enterprises. The platform offers end-to-end solution that
With Octroi gone, no pit-stops, and ‘an end to a million worries’–Business Line–04.07.2017
Mumbai had five Octroi check posts – Vashi, Dahisar, Mulund, Thane and Airoli – which collected about ₹7,600 crore in the year ended March 31,
GST implementation: Here is why we should celebrate with caution–Business Line–04.07.2017
Taxes and death are inevitable, but the attempt always is to make them less painful. It was Lord Keynes who stated, “… Ultimately, it is
GST implementation: Dawn of a new era; government should ask for only GSTN level data–Financial Express–04.07.2017
Rahul Renavikar The concessions and the structural adjustments made all along the path certainly has made the Indian GST less efficient. The biggest adjustment was to
GST impact on taxes: Short term disruption will hit indirect taxes but demonetisation will boost collections–Financial Express–04.07.2017
With better compliance resulting from a large number of businesses moving into the formal economy, tax revenues in the post-GST regime will get a boost—the
GST India 2017: Exporters need not pay IGST if bond furnished
In case the IGST has been paid, the exporters can seek refund of the tax paid, according to a Customs circular on export procedure in
GST–It took 3 decades and many hands–Business Standard–04.07.2017
The new goods and services tax (GST) regime is the culmination of a process that began in 1985, with the introduction of the Modvat (Modified
Want us to carry your goods? Show GST number first: Transporters to traders–Business Standard–04.07.2017
Transport companies are now insisting traders furnish their GST numbers before accepting goods for transportation anywhere. Traders who have not acquired GST numbers will not
GST: 5-member panel to pick anti-profiteering body–Business Standard–04.07.2017
The Goods and Services Tax (GST) is a uniform indirect tax levied on goods and services across the country. Photo: PTI The five-member panel to
Farm loan waivers not easy to implement–Business Standard–04.07.2017
The clamour for farm loan waivers does not seem to be abating, even if it has been pushed to the back pages for now by
GST: Filing maze awaits assessees
It would take some time before assessees get used to filing returns under the goods and services tax (GST) regime, even as the government has
GST impact: Queues of trucks across 22 states get shorter–Business Standard–04.07.2017
In the previous value-added tax (VAT) regime, central sales tax was charged during inter-state movement of goods. To avoid that, companies used to do
