To fight the Covid-19-instigated economic devastation, GoI and RBI have stepped in with incentives, cash doles and monetary policy support. Industry in India, like its
Category: GST
Government defers release of April GST collection data – The Economic Times
Summary As per convention, the government releases GST revenue collection number on the basis of cash collection in a particular month. However, with the situation arising
States seek GST compensation beyond 2022 to tide over Covid-19 crisis – The Economic Times
State finance ministers, during a video conference on Monday, also discussed issues arising out of the lockdown, including the urgent requirement of some form of
GST, GAAR reporting delayed till March 2021 amid coronavirus outbreak | Business Standard News
The I-T Dept had, in 2018, changed the tax audit form 3CD, seeking details under GST as well as GAAR, which seeks to prevent firms
6-month GST payment freeze for worst-hit sectors, a lower rate for realty among Covid options mulled – The Economic Times
Other proposals include switch to a cash-based tax system from current invoice-based one. India is considering a goods and services tax (GST) relief package to
Subsume multiple levies into GST to cut tax burden on mining sector: Ficci – The Economic Times
Underlining multiple challenges coupled with disruptions due to coronavirus lockdown, Ficci has also sought deferment of royalty and contributions to DMF and the National Mineral
Tax relief for recovery: GST concessions can go a long way in supporting businesses – The Financial Express
The post-Covid economic scenario will be extremely cost-sensitive. Seamless flow of ITC can greatly reduce cost stress. During lockdown, companies will still incur routine expenses
GST rates and the medical devices industry | Business Standard Column
Let us use the GST rate regime to build up a strong domestic industry in sectors like pharmaceuticals and medical devices that can play to
Move petroleum to GST: The time is now | Business Standard Column
The 2016 game-changing constitutional amendment to facilitate introduction of GST was described as a “grand-bargain”. The states agreed to “cede” their exclusive sovereignty to tax supply of
Businesses can claim GST refund for cancellation of services, goods contract; aviation sector to benefit | Business News,The Indian Express
In a move that would benefit the aviation and hospitality sectors, which have seen mass cancellation of bookings due to the nationwide coronavirus lockdown, the Central
covid-19: GST: Government should provide more relief to taxpayers to combat Covid-19 crisis – The Economic Times
By Abhishek Jain Aligned to measures taken by countries around the globe for countering the COVID-19 economic impact, the Indian Government last week had announced a slew
Corona blues: April GST could fall by 40% – The Financial Express
With the lockdown hitting business activity, GST revenues for April could be down by 30-40% of the annual monthly collections of around Rs 1 lakh
GST: 5 reasons why India’s largest indirect tax reform is eventually good for small businesses – The Financial Express
By Rajesh Gupta GST and Taxation for MSMEs: The Goods and Services Tax (GST) was rolled out on July 1, 2017, to simplify the existing tax
Lowest ever GST on imports in March – The Economic Times
NEW DELHI: The government managed to rake in just over Rs 18,000 crore through integrated GST (IGST) on imports in March, the lowest since the new tax regime kicked
GSTN processed 10,077 new registrations, 7,876 refunds during lockdown | Business Standard News
GST Network on Sunday said tax officers have processed over 10,000 new registrations and about 8,000 refund applications in the first 10 days of lockdown
e-way bill: GST ease amid Covid 19: E-way bill validity extended, 10% ITC deferred – The Economic Times
By Gulveen Aulakh The government extended the validity of e-way bills till April 30, that were set to expire between March 20 and April 15,
Centre to extend IGST, compensation cess exemptions under export schemes till March 2021 – The Hindu BusinessLine
ECGC extends timelines, reduces fees to help exporters cope with lockdown Offering some relief to exporters struggling to cope with the effects of the lockdown,
GST compliance of companies under IBC: Gaps in the new mechanism | Business Standard Column
Recently, the ministry of finance notified the process to be followed by an interim resolution professional (IRP) or resolution professional (RP) for ensuring GST compliances
As GST approaches third anniversary, these stumbling blocks still linger implementation – The Financial Express
Rajat Mohan GST Law is about to celebrate its third anniversary and it has been a roller coaster journey for the law. The GST Council
GST compliance of companies under IBC: Gaps in the new mechanism | Business Standard Column
Recently, the ministry of finance notified the process to be followed by an interim resolution professional (IRP) or resolution professional (RP) for ensuring GST compliances
aniltikotekar4sme.com 