Category: GST

Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/view-as-the-gst-enters-its-fifth-year-herere-the-challenges-ahead/articleshow/84452345.cmsSynopsis There were animated discussions and debates, and near-universal agreement at every stage that GST was the way to go forward. The process involved

Clipped from: https://www.businesstoday.in/opinion/columns/story/four-years-of-gst-many-hits-but-a-few-misses-301252-2021-07-13 The government has made a commendable effort in consolidating various central and state indirect tax levies into a single tax levy. GST is

Clipped from: https://www.thehindu.com/business/Economy/gst-evasion-450-arrests-since-2020-21/article35304262.ece In 2020-21, 8,000 cases involving fake ITC detected, 426 held: Finance Ministry. The Centre continues to tighten the noose around GST evaders, though

Clipped from: https://economictimes.indiatimes.com/news/india/gst-officers-unearth-over-rs-35000-crore-fraud-in-2020-21-arrest-426-persons/articleshow/84378440.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis During 2020-21 (April 2020 to March 2021), 426 persons, including 14 professionals such as CAs, lawyers and directors, were arrested. In the year-long

Clipped from: https://www.business-standard.com/article/pti-stories/gst-officers-unearth-over-rs-35k-cr-fraud-in-fy-21-arrest-426-persons-121071301020_1.html Under the GST regime, at the time of paying tax on output, entities can reduce the tax they have already paid on inputs.

Clipped from: https://www.thehindubusinessline.com/opinion/practical-issues-in-a-refund-under-gst/article35298386.ece There is a need to bring in structural changes and some amendments in the law to synchronize rules with the provisions to end

Clipped from: https://www.businesstoday.in/latest/economy/story/gst-officers-bust-network-of-23-firms-involved-in-fake-itc-claims-of-rs-550-cr-301032-2021-07-11 The 23 firms were floated in order to generate goods-less invoices with the intent to pass on fraudulent ITC without paying actual GST

lipped from: https://www.thehindubusinessline.com/economy/patanjalis-argument-in-cowdung-case-fails-to-moo-aar/article35256317.ece?homepage=true GST of 5 per cent would apply on the company’s ‘Gomaya Samidha’ product, rules the authority Holy Cow! Talk of taxing issues. Is

Clipped from: https://economictimes.indiatimes.com/news/india/gst-officers-busts-network-of-23-firms-for-fraudulently-claiming-rs-91-cr-itc/articleshow/84313063.cmsSynopsis Based upon specific intelligence, the officers of the anti-evasion branch of Central Goods and Service Tax (CGST) Commissionerate, Delhi (West) have unearthed a

Clipped from: https://economictimes.indiatimes.com/small-biz/gst/confusion-over-gst-on-annuity-from-govt-infra-companies-under-taxmans-lens/articleshow/84258442.cmsSynopsis Industry trackers said that some of the infrastructure and construction companies are already reeling under financial pressure. Some of them had not factored

Clipped from: https://economictimes.indiatimes.com/small-biz/gst/bringing-petroleum-products-and-electricity-under-gst-should-be-top-focus/articleshow/84257779.cmsSynopsis Measures such as constant rationalisation of GST rates of goods and services, together with anti-profiteering norms and inverted duty rate corrections, have ensured

Clipped from: https://www.thehindubusinessline.com/opinion/its-been-four-roller-coaster-years-of-gst/article35220304.ece?homepage=true The Goods and Services Tax should be a ‘good and simple tax’, eschewing multiple rates It has been four years since the Goods

Clipped from: https://www.business-standard.com/article/economy-policy/4-years-later-our-worst-fears-have-been-confirmed-with-gst-tamil-nadu-fm-121070200030_1.html There is lower income inequality in Tamil Nadu than it is in most places. Therefore, we are also a very high-consumption state, said

Clipped from: https://www.financialexpress.com/industry/faceless-assessment-under-customs-law-brings-in-transparency-less-human-intervention-objectives-challenges/2283231/ The Central Board of Indirect Taxes and Customs (CBIC) initiated and implemented several reform measures in the recent past focusing on simplifying cross-border

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

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

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

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

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)

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