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
Category: GST
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
Bankruptcy deadlines relaxed: IBC activity falling behind during lockdown can be finished later – The Financial Express
The decision is taken after considering that it is difficult for the insolvency professionals to continue to conduct the process and for members of the
Separate GST registrations confuse interim resolution professionals – The Economic Times
New Delhi: Interim resolution professionals managing various companies under the insolvency process have flagged several issues in a recent notification requiring separate GST registration for
Welcome changes to the Finance Bill–Economic Times
The slew of amendments to the Finance Bill — softening the tax blow on non-resident Indians (NRIs), expanding the equalisation levy to foreign ecommerce companies,
FM Sitharaman’s relief package: All about convenient extensions of schemes? | Business Standard News
The news of the announcement of a package from the Finance Minister did raise a lot of expectations given the threat of a very negative
Nirmala Sitharaman: Tax filing dates extended, business rules eased, ATM, bank charges waived off in Covid relief measures. Here are key announcements by Nirmala Sitharaman – The Economic Times
Here are the key announcements: Tax measures *For Financial year 2018-19, last date for returns extended to June 30, 2020. Delayed payments made till June
GST Returns date extended: GST Return filing date extended, relief from late fee, penalties–Economic Times
The date for opting for composition scheme has also been extended to June 30, 2020. To provide relief to businesses grappling with the economic impact
Costly delay | Business Standard Editorials
Union Finance Minister Nirmala Sitharaman on Tuesday announced a series of measures that essentially provide or extend a grace period for several payments and regulations.
aniltikotekar4sme.com 