NEW DELHI: The government is likely to fall short of its revenue collection estimates in the current fiscal and may face challenges meeting the same
Category: GST
GST on cellphones, footwear, textiles to be rationalised on March 14 – The Economic Times
New Delhi: The GST Council is likely to rationalise tax rates on five sectors, including mobile phones, footwear and textiles, and defer implementation of the
FinMin flags 17 ‘areas of dissatisfaction’ with Infosys-designed GSTN | Business Standard News
The ministry has made it clear to Infosys that the onus of performance of GST portal lies with the company and that it should meet
AARs can determine place of supply under the GST regime: Kerala HC | Business Standard News
Place of supply rules are key elements, particularly for services, under the GST regime, as this tax is destination-based. The Kerala High Court has paved
gst: Nandan Nilekani gets govt summons over persisting GSTN glitches – The Economic Times
The government has asked InfosysNSE -4.67 % chairman Nandan Nilekani to explain why the IT major has failed to fix glitches in the GST Network.
GST e invoicing: E-invoicing under GST may be deferred – The Economic Times
NEW DELHI: The government is considering deferring the implementation of e-invoicing under goods and services tax (GST) by three months to July 1, two officials
GST fraud: Two directors of apparel exporting companies arrested for fraudulently claiming refund – The Financial Express
DGGI said two directors of the exporting companies have been arrested on March 7, 2020 under Section 69(1) of CGST Act, 2017 for offences under
Robust GST revenues show growth potential–Economic Times
GST collections for February were at Rs 1.5 lakh crore, registering an increase of over 8.3% year on year, higher than the nominal GDP growth
Don’t increase GST | Business Standard Editorials
Goods and services tax (GST) collection crossed the Rs 1 trillion mark for the fourth month in a row. The government collected Rs 1.05 trillion
February GST collection crosses Rs 1 lakh crore mark for the fourth consecutive month – The Economic Times
Taking into account the GST collected from import of goods, the total revenue during February, 2020 has increased by 8% in comparison to the revenue
GST: Changes and method to claim Input Tax Credit answered – The Economic Times
To avoid the precious working capital the MSMEs have to change their business process based on the statutory requirements of GST and also adopt technology
Taxmen raid jewellers in Bengaluru, detect large scale GST evasion – The Economic Times
Bengaluru: The Commercial Taxes department has unearthed large scale evasion of GST by jewellers in Chickpet area in Bengaluru after it found 60 kgs of
GST e invoicing: Tally releases new version of software with browser access, to enable GST e-invoicing by March-end – The Economic Times
According to Tejas Goenka, the company has decided not to go for an App since it does not want to store customer data. Tally Solutions
Suspicious transactions in GST going up: Amit Mitra – The Financial Express
Mitra said owing to Centre’s low tax collection, West Bengal will stand to lose Rs 11,000 crore which will be a heavy blow on the
‘Export incentives available on rupee payment through Vostro account’ | Business Standard News
Q. We have made a shipment denominated in Indian rupees to UK and USA. We have received payment through banking channels and our bank has
Will issues over GST get magically cured from April 1? | Deccan Herald
Considering the economic environment around which Budget 2020 was presented, it was expected that Finance Minister Nirmala Sitharaman would offer something for everyone. Considering the
Trade wants GST Council to change late payment rule | Business Standard Column
The Central Board of Indirect Taxes and Customs (CBIC) has asked its field formations to collect about Rs 46,000 crore as interest on delayed payment
Every penny counts as GST officers send demand notices to companies | Business Standard News
Rs 5.9858630140000004! This is not a figure from an S Ramanujan-G H Hardy conversation but a demand notice given by tax officials to a company
Undue haste to collect GST interest – The Hindu BusinessLine
Tax officials should wait until all the States pass the necessary amendment on interest on GST delays Even as the Finance Ministry is attempting to
subramanian swamy: GST “biggest madness of the 21st century”: Subramanian Swamy – The Economic Times
Hyderabad: Describing India’s latest tax reform GST as “the biggest madness of the 21st century,” BJP leader and Rajya Sabha MP Subramanian Swamy on Wednesday
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