Raising GST rates or rationalisation of tax slabs may be discussed by the GST Council in the next meeting to be scheduled early next month.
Category: GST
Government not in favour of GST waiver | Business News,The Indian Express
Finance Ministry officials said GST waiver will have adverse implications on state finances and businesses will suffer. While GST exemption would make output GST as
Demand for GST waiver a bad idea, say govt officials – The Financial Express
Furthermore, keeping GST in abeyance would allow imports to gain an unfair advantage over domestically manufactured goods, they felt. They officials were responding to the
GST officials seek directors’remuneration information – The Economic Times
This comes as only a few companies have started operations following the staggered opening up of the nationwide lockdown to counter the Covid-19 outbreak. The
Input tax credit is permissible on detachable sliding, stackable glass partitions, rules AAAR – The Hindu BusinessLine
As offices get ready to reshape workstations and the entire workplace, a ruling by the Appellate Authority for Advance Ruling (AAAR) may come in handy.
GST boost to MSMEs | Business Standard Column
The definitional changes made for MSMEs would address the problem of “dwarfism” The growth of the micro, small and medium enterprises (MSMEs) has been an
Govt notifies GST law changes, lack of clarity on transitional claims – The Financial Express
With the government notifying the GST-related changes made in the Finance Act, 2020, the recent Delhi high court judgment allowing taxpayers till June 30 to
GST compensation to states pending for Dec-March FY20 – The Economic Times
“We are periodically talking about it. GST dues are very clearly explained in the GST Council. It is not for selective states… All states’ GST
gst: Disunion between essential and non-essential goods during Covid-19 may percolate to GST – The Economic Times
Tax considerations resulting in cost saving measures, credit optimisation etc would fall under the new ‘must haves’ category vis-a-vis routine compliance and filings matters, which
gst: Disunion between essential and non-essential goods during Covid-19 may percolate to GST – The Economic Times
Tax considerations resulting in cost saving measures, credit optimisation etc would fall under the new ‘must haves’ category vis-a-vis routine compliance and filings matters, which
Covid impact: Companies face input tax credit denial on goods destroyed – The Economic Times
Input tax credit under the goods and services tax framework allows businesses to set off tax paid on raw materials or input services against future
GST applicable on sublet accommodation, rules Karnataka AAR – The Economic Times
In a case involving about 42 single rooms having been sublet by a tenant to students for periods ranging between three months to 11 months,
Tax tweaks can spur economic revival | Business Standard Column
These are extremely challenging times, and collective efforts by the government and industry would be required to bring the economy back on track With most
GST relief 2.0: Govt can provide relaxations with respect to certain measures under GST – The Financial Express
Current relaxations, prospective exemptions, and time taken to restore normalcy may depress tax collections. An increase in the tax rate of certain goods can compensate
Procedural relief to GST payers, but experts say no substitute for financial package – The Financial Express
The e-way bill generated on or before March 24 and expiring during the March 20-April 15 period would now be valid till May 31. Additionally,
Delhi HC allows all GST assessees to claim due transitional credit till June 30 – The Hindu BusinessLine
Ruling will not only benefit petitioner but all affected assessees In what could be seen as a big relief for businesses, the Delhi High Court
Don’t eulogise GST for what it isn’t | Business Standard Column
Regarding revenue realisation, there was a huge expectation that GST would lead to checking of leakage of revenue Both industry and government made too many
gst: Covid-19: Revival of economy through tax measures – The Economic Times
The government (GoI) has so far been very supportive and empathetic towards businesses and was quick to respond through delayed application of few amendments introduced
GST audit guidelines need to be reviewed to include video conferencing: Experts – The Financial Express
As per the current goods and services tax (GST) audit guidelines, taxpayers have been broadly categorised into three groups based on their annual turnover —
GST collections may show negative growth into September, says GIFT study – The Hindu BusinessLine
Goods and Services Tax (GST) collections may likely witness a slow or even negative growth rate for at least six months from March due to
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