Category: GST

Clipped from: https://www.thehindubusinessline.com/opinion/sectoral-impact-of-the-gst-councils-decisions/article65596381.ece The recent decisions will go a long way in simplifying the indirect tax system The 47th GST Council concluded in line with industry

Clipped from: https://www.thehindubusinessline.com/economy/e-invoicing-soon-for-businesses-with-a-turnover-exceeding-10-cr-5-cr-or-more-next/article65594972.ece Firms not complying with e-invoicing will be considered invalid and not be eligible for ITC Businesses with an annual turnover of more than

Clipped from: https://economictimes.indiatimes.com/news/economy/policy/a-tax-comes-of-age-five-years-since-rollout-areas-where-gst-needs-retouch-and-improvement/articleshow/92623697.cms Synopsis There have been hits — a total digitisation of tax compliance infra and e-invoicing, robust revenue collection, and near-consensus decision despite a

Clipped from: https://economictimes.indiatimes.com/news/economy/policy/a-tax-comes-of-age-five-years-since-rollout-areas-where-gst-needs-retouch-and-improvement/articleshow/92623697.cms Synopsis There have been hits — a total digitisation of tax compliance infra and e-invoicing, robust revenue collection, and near-consensus decision despite a

Clipped from: https://www.thehindu.com/opinion/editorial/reset-mode-the-hindu-editorial-on-gst-reform/article65590048.ece?homepage=true As GST turns five, its metamorphosis into a truly Good and Simple Tax needs greater Centre-States dialogue  As GST turns five, its metamorphosis

lipped from: https://www.thehindubusinessline.com/economy/tn-aar-says-gst-to-be-levied-on-employees-share-of-canteen-charges/article65592349.ece ‘The supply of food by the applicant is ‘Supply of Service’ by the applicant to their employees as the same is not a

GST Rate Changes: GST: Rate changes and relief – The Economic Times https://economictimes.indiatimes.com/news/economy/policy/gst-rate-changes-and-relief/articleshow/92555756.cmsThe 47th GST Council meeting addressed the inverted duty structure and removed several

Clipped from: https://economictimes.indiatimes.com/small-biz/gst/gst-registration-exemption-for-online-seller-with-low-turnover-to-boost-e-commerce/articleshow/92559782.cms Synopsis Now such suppliers will not have to obtain GST registration, if their turnover is lower than Rs 40 lakh and Rs 20

Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/less-exempted-good-by-raising-rates-bad/articleshow/92581979.cms Synopsis ​​The GST Council must act swiftly to widen the tax base and include petro products so that multiple taxes that automotive fuels

Clipped from: https://economictimes.indiatimes.com/small-biz/gst/the-impact-of-gst-a-5-year-tale/articleshow/92561762.cms ‘One nation, One market, One tax’ – the driving motto behind the introduction of GST, with effect from 01 July 2017, has brought

Clipped from: https://economictimes.indiatimes.com/small-biz/gst/5-years-of-gst-has-it-done-enough-to-propel-make-in-india/articleshow/92586897.cms Synopsis In line with industry expectations, GST has had a positive impact on the manufacturing sector by removing the cascading effect of taxes

Clipped from: https://economictimes.indiatimes.com/small-biz/gst/5-years-of-gst-the-irritants-that-we-need-to-iron-out/articleshow/92588002.cms Synopsis GST Authorities can investigate affairs of taxpayers for a long period of 5 years and 9 months. It is common experience that

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