Category: GST

Clipped from: https://economictimes.indiatimes.com/small-biz/gst/five-years-of-gst-is-it-a-gamechanger-for-msmes/articleshow/92587574.cms Synopsis Conscious of the immense contribution of the sector, the government has been taking many measures to provide a more facilitative environment for

Clipped from: https://economictimes.indiatimes.com/small-biz/gst/the-need-to-make-gst-reporting-standardised-less-cumbersome-for-taxpayers-and-administrators/articleshow/92587287.cms Synopsis There is no doubt that the Government has put in its best efforts to clarify the issues to avoid confusion prevailing among

Clipped from: https://www.businesstoday.in/latest/economy/story/gst-completes-5-years-heres-a-look-at-how-tech-has-been-used-for-tax-compliance-339824-2022-06-30 A nationwide Goods and Services Tax, which subsumed 17 local levies like excise duty, service tax and VAT and 13 cesses, was rolled

Clipped from: https://www.businesstoday.in/lifestyle/health/story/treatment-in-private-hospitals-to-get-costly-with-5-gst-on-non-icu-rent-339861-2022-06-30 As per many health experts and industry insiders, this move by the GST Council will add to the common man’s already existing inflationary

Clipped from: https://www.businesstoday.in/industry/story/gst-councils-decision-to-help-small-e-commerce-sellers-nasscom-339909-2022-06-30 Nasscom welcomed the decision of the GST Council on the in-principle approval for relaxation in the provisions for suppliers making supplies through E-Commerce

lipped from: https://www.thehindubusinessline.com/todays-paper/tp-opinion/taxing-gifts-circular-adding-to-confusion/article65587385.ece TDS becoming more burdensome | Photo Credit: NicoElNino By clarifying that tax must be deducted at source even when the benefit is paid

Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-opinion/how-to-make-gst-more-efficient/article65587376.ece Exempting small firms from the tax, doing away with State-wise registrations and reducing the tax slabs to three will help In its two-day

Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-news/doing-away-with-exemptions-correcting-ids-steering-gst-system-in-the-right-direction/article65587395.ece B.LINE:FOR FILE:Vivek Johri ,Chairman, Central Board of Indirect Taxes & Customs, in New Delhi,on 31.5.22. Pic Kamal Narang. B.LINE:FOR FILE:Vivek Johri ,Chairman, Central

Clipped from: https://www.business-standard.com/article/opinion/gst-more-than-just-a-tax-reform-122062901372_1.html Going forward, we also need to look at inclusion of items in the GST from a larger macro perspective The goods and services tax (GST)

ipped from: https://www.business-standard.com/article/opinion/five-years-of-gst-the-still-good-but-not-so-simple-indirect-tax-122070100003_1.html The GST is still paying the price for govts talking the talk of a good and simple tax on July 1, 2017, but

Clipped from: https://www.business-standard.com/article/economy-policy/gst-rule-change-for-small-businesses-a-game-changer-for-ondc-goyal-122063001028_1.html Goyal said another big advantage is for the small retailers who are very keen to engage with ecommerce Commerce and Industry Minister Piyush

lipped from: https://www.business-standard.com/article/economy-policy/gst-on-unbranded-packaged-food-items-to-plug-revenue-leakages-cbic-chief-122063001252_1.html Says it will build a robust tax system without being intrusive Central Board of Indirect Taxes and Customs (CBIC) Chairman Vivek Johri The Goods

Clipped from: https://www.business-standard.com/article/economy-policy/change-in-gst-rates-may-generate-rs-15k-cr-a-year-revenue-secy-tarun-bajaj-122070100040_1.html ‘Implementing GST was challenging in a country like India, which follows a federal structure’ Revenue Secretary Tarun Bajaj Revenue Secretary Tarun Bajaj spoke to Shrimi Choudhary on

Clipped from: https://www.business-standard.com/article/economy-policy/five-years-of-gst-chidambaram-to-sitharaman-the-people-behind-the-reform-122070100032_1.html The benefits of GST will positively ensure it to be ‘Good and Simple Tax’ for citizens of India, says Prime Minister Narendra Modi

Clipped from: https://www.business-standard.com/article/economy-policy/five-years-of-gst-taxing-time-for-relations-between-centre-and-states-122070100024_1.html Shrinking fiscal space has brought states on a collision course with the Centre At least 16 states debated an extension of the compensation

Clipped from: https://www.business-standard.com/article/economy-policy/five-years-of-gst-collections-up-but-filings-decline-shows-data-122070100019_1.html A Business Standard analysis found that returns filed under GSTR-3B declined 13.8 per cent YoY in FY22 An average of 7.9 million returns

Clipped from: https://www.business-standard.com/article/economy-policy/gst-what-lies-ahead-for-india-s-most-ambitious-indirect-tax-reform-122063001481_1.html The continuation of a business-as-usual approach can undermine the GST’s ability to either raise revenues for the government or improve the ease of

Clipped from: https://www.business-standard.com/article/economy-policy/five-years-of-gst-mistakes-that-have-made-the-regime-a-disappointment-122070100014_1.html Addressing mistakes made while introducing the tax and getting back to a revenue-neutral rate(s) constitute the agenda that awaits attention Clearly, there is