Category: GST

Clipped from: https://www.thehindubusinessline.com/opinion/unhealthy-tax/article65632411.ece The GST on hospital rooms needs to be reviewed  In the recently concluded 47th GST Council meeting, among the other decisions taken, a

Clipped from: https://www.business-standard.com/article/economy-policy/cbic-to-issue-sop-for-gst-summons-notices-to-stop-harassment-of-businesses-122071100271_1.html The new SOP will make officials more accountable and will also make the entire process transparent Central Board of Indirect Taxes and Customs

Clipped from: https://www.financialexpress.com/money/major-gst-issues-in-real-estate-sector/2591266/ GST was introduced with the sole purpose of easing out compliances and avoiding the cascading of taxes. However, the purpose somewhere appears to

Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/gst-on-gaming-and-gambling-dont-game-over-before-it-has-even-begun/articleshow/92812277.cms Synopsis Caught between a perception that online games are nothing but a rich man’s gambit that only whips up greed and promotes gambling,

Clipped from: https://www.thehindubusinessline.com/opinion/levying-gst-on-games-of-skill-can-be-tricky/article65624518.ece The government must take a holistic approach, else revenues could fall and users may shift to unregulated foreign portals The Group of Ministers

Clipped from: https://indianexpress.com/article/opinion/columns/an-uncertain-transition-as-gst-compensation-ends-state-governments-need-to-be-provided-certainty-of-revenues-8021329/ If the government decides to step-up tax devolution to the states in the near term, it may reduce the size of state borrowings

Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/gst-five-years-and-counting-towards-unity/articleshow/92788816.cms Synopsis The impact of GST is now visible in formalisation of enterprises, wider tax base and higher tax revenues. Small businesses, which were

Clipped from: https://economictimes.indiatimes.com/news/economy/policy/gst-2-0-may-be-free-of-jurisdiction-vivek-johri-chairman-cbic/articleshow/92733183.cms Synopsis New Delhi, which raised the import duty on gold recently, is not looking at any further administrative measures immediately to clamp down

Clipped from: https://www.financialexpress.com/economy/gst-mandatory-e-invoicing-for-companies-with-rs-5-crore-sales-from-january/2588108/ The tax authorities will also be able to better analyse the trends and availment of input tax credit across sectors and weed out

Clipped from: https://www.thehindubusinessline.com/economy/government-clarifies-perks-will-not-attract-gst/article65615565.ece However, experts maintain confusion still prevails The Government has clarified that perquisites provided by the employer to the employee in terms of a

Clipped from: https://www.thehindubusinessline.com/economy/agri-business/trade-raises-concern-over-gst-on-unbranded-packaged-rice/article65616642.ece Unregistered but popular brands are the targets, says trade analyst A move by the Centre to impose 5 per cent Goods and Services

Clipped from: https://www.thehindubusinessline.com/economy/cbic-comes-out-with-clearer-framework-to-curb-fake-invoices/article65612098.ece The Central Board of Indirect Taxes & Custom (CBIC) has come out with a mechanism for clearer framework to curb fake invoices. This

Clipped from: https://www.thehindubusinessline.com/economy/pre-packaged-pre-labelled-food-items-to-attract-same-rate-of-gst-as-branded-says-cbic-chief-johri/article65612458.ece New rates come into effect from July 18 Pre packaged and pre-labelled retail food items will attract GST rate at par with the

Clipped from: https://economictimes.indiatimes.com/news/economy/policy/govt-notifies-procedural-changes-in-gst-rules-interest-to-be-charged-for-wrongful-credit-availment/articleshow/92706076.cms Synopsis With the amendments notified by the Central Board of Indirect Taxes and Customs (CBIC), businesses have also been allowed to make tax

Clipped from: https://timesofindia.indiatimes.com/business/india-business/why-gst-has-failed-to-reduce-the-tax-burden/articleshow/92631935.cms The goods and services tax (GST) is now five years old. It was ushered in by the Prime Minister in a historic midnight

Clipped from: https://timesofindia.indiatimes.com/business/india-business/how-good-simple-tax-was-born-how-it-can-be-better-simpler/articleshow/92578128.cms Implementation of GST exactly five years ago was considered as the largest post-Independence tax reform. It became a reality after preparation of more

Clipped from: https://timesofindia.indiatimes.com/business/india-business/lets-keep-gst-good-simple/articleshow/91693650.cms Many of us would recollect pre-GST days where all products would either have a price excluding local taxes or have multiple prices applicable

Clipped from: https://www.thehindu.com/business/Economy/work-needs-to-be-done-to-prune-gst-exemption-in-services-revenue-secy/article65603077.ece ‘Exemptions still remain, a large number on the services side’ Efforts are on to remove the ‘rough edges’ in Goods and Services Tax