Clipped from: https://economictimes.indiatimes.com/small-biz/gst/as-gst-turns-4-cait-says-it-has-become-colonial-taxation-system/articleshow/84056746.cmsSynopsis The Confederation of All India Traders (CAIT) added that it is not alone the centre but largely the state governments are more responsible
Category: GST
50,000 taxpayers in Kerala to benefit from GST amnesty scheme – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/national/50000-taxpayers-in-kerala-to-benefit-from-gst-amnesty-scheme/article35091742.ece The 2021 scheme recommends reducing late fees payable by small and medium-sized taxpayers. Commissioner, GST Department, Kerala, has invited the attention of the
Four years of GST | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/four-years-of-gst-121070100040_1.html Some distance covered but there is scope for a huge improvement Four years after its mega launch, goods and services tax (GST) has covered a
GST is more than just a tax reform – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/gst-is-more-than-just-a-tax-reform/article35062055.ece?homepage=true In its 4th year, the tax regime has, fiscal buoyancy apart, created a national common market, boosting cooperative federalism In recent times, the
GST@4: Government counting more hits than misses – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/gst4-government-counting-more-hits-than-misses/article35059914.eceExperts call for lot more action, especially on rate rationalisation Over 400 goods and 80 services saw reduction in Goods & Services Tax (GST)
Plugging gaps in GST was not a roving expedition: Nirmala Sitharaman – The Hindu BusinessLine
Clipped from: https://www.business-standard.com/article/economy-policy/gst-at-four-a-dive-into-the-milestones-and-the-unfinished-agenda-121063001415_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Newsletter_11072018 GST Council must maintain revenue momentum, simplify rate structure, and strengthen cooperative federalism in spirit and letter The Goods and Services Tax, India’s
GST at four: A dive into the milestones and the unfinished agenda | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/gst-at-four-a-dive-into-the-milestones-and-the-unfinished-agenda-121063001415_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Newsletter_11072018 GST Council must maintain revenue momentum, simplify rate structure, and strengthen cooperative federalism in spirit and letter The Goods and Services Tax, India’s
Nitin gadkari: Gadkari says GST was ‘very essential’, sees ‘room for improvement’ – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/gadkari-says-gst-was-very-essential-sees-room-for-improvement/articleshow/84017775.cmsSynopsis The minister said when MSMEs bill any material and give them to firms, then it remains the responsibility of MSMEs that whether they
4 years of GST – Hits, misses and expectations – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/gst/4-years-of-gst-hits-misses-and-expectations/articleshow/84010385.cmsSynopsis The taxpayers’ experience in the last four years have been mixed, with the organised and large industry players having easily adapted to the
Provisional Attachment Under GST–taaxguru
Clipped from: https://taxguru.in/goods-and-service-tax/provisional-attachment-gst.html Provisional attachment of any property can be made to enforce or protect recovery of tax demands under the GST law. Where the proper
Industry bodies to take up GST issues with govt; GST to mark 4 years on July 1 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/industry-bodies-to-take-up-gst-issues-with-govt-gst-to-mark-4-years-on-july-1/articleshow/83960032.cmsSynopsis Simplifying input tax credit procedures, addressing issues arising from inverted duty structure, exploring faceless assessment within the GST structure, introducing process of rectification
Have sunset clause for economic laws constraining growth: Vijay Kelkar – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/have-sunset-clause-for-economic-laws-constraining-growth-vijay-kelkar/articleshow/83960998.cmsSynopsis Kelkar, who has also served as the Union finance secretary, cited the Land Act and Rent Act while illustrating the constraints posed by
Tax system must become less iniquitous | Deccan Herald
Clipped from: https://www.deccanherald.com/opinion/main-article/tax-system-must-become-less-iniquitous-1000460.html High excise on fuel, lower corporate tax and huge unrealised capital gains in a booming stock market are increasing disparity Tripura Pradesh Congress
Not knowing geography landing many companies in tax trouble – The Economic Times
lipped from: https://economictimes.indiatimes.com/news/economy/policy/not-knowing-geography-landing-cos-in-tax-trouble/articleshow/83876255.cmsSynopsis Many companies in the last few months have ended up filing goods and services tax (GST) in the wrong state mainly because their
Planning to claim ITC? Here’s how you can do it – The Financial Express
Clipped from: https://www.financialexpress.com/money/planning-to-claim-itc-heres-how-you-can-do-it/2278400/ While claiming ITC in GSTR-3B, one should possess the required documents and consider GSTR-2B, provisional ITC rules, rule 86B. Simply put, ITC is
Tax department doesn’t think sanitiser companies’ accounts are clean – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/tax-department-doesnt-think-sanitiser-comapanies-accounts-are-cean/articleshow/83828856.cmsSynopsis Pharmaceutical companies say sanitisers are medicaments, while the taxman considers them disinfectants. The indirect tax department’s investigation arm, Director General of GST Intelligence
Marking recovery in business activity, E-way Bill generation picks up pace – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/marking-recovery-in-business-activity-e-way-bill-generation-picks-up-pace/article34953182.ece?homepage=true States ease Covid curbs enabling commercial recovery As more States unlock Covid restrictions, the E-way Bills generation has also seen a sharp increase.
India’s new intermediary rules: Reasons why the fear of tax-slapping is unfounded – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/indias-new-intermediary-rules-reasons-why-the-fear-of-tax-slapping-is-unfounded/articleshow/83788477.cmsSynopsis The new rules require that the three officers employed by the significant social media intermediary must be resident in India. Now, the essential
GST: A turning point? | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/gst-a-turning-point-121062101630_1.html The recent upsurge in revenues offers the prospect of the country breaking out of the long-stagnant tax-to-GDP ratio For the last 25 years,
GST was a mistake, time to undo the damage: Kerala FM KN Balagopal – The Financial Express
Clipped from: https://www.financialexpress.com/economy/gst-was-a-mistake-time-to-undo-the-damage-kerala-fm-kn-balagopal/2275047/ Given that few states had witnessed their natural growth rates in recent years, it was legitimate to extend the GST compensation mechanism for